Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 29 March 2022 3:18 am

  Market Drivers – US Session – 28 March

  

  The gold price is down on the day, losing around 1.9% as the US stock market rises later in the day for a positive close in hopes of a breakthrough in peace talks surrounding the Ukraine crisis. The market mood was sour, helping the American dollar to end the day …

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• 29 March 2022 3:02 am

  S&P 500 climbs for third straight day as Tesla leads

  

  The S&P 500 rose for a third day on Monday, as a sharp climb in shares of Tesla overshadowed weakness in energy and bank stocks, while Russia and Ukraine were poised to hold their first face-to-face peace talks in more than two weeks.The S&P energy index (.SPNY), off 2.56%, was …

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• 29 March 2022 2:49 am

  USD/CAD Remains Vulnerable, Near Ascending Triangle Surface

  

  The USD/CAD pair has attracted significant offers at 1.2593, which seems a failed attempt to come out of the woods as the asset has remained vulnerable in the past few trading sessions.On the weekly scale, USD/CAD has been slipped below the ascending triangle formation. Usually, breaking below the ascending triangle …

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• 29 March 2022 1:10 am

  AUD/USD Impacted By profit taking

  

  The Australian dollar slumps from YTD highs around 0.7540 as market sentiment fluctuates as a result of developments concerning the Russia – Ukraine’s crisis, China’s Covid-19 outbreak, and higher inflation prompted global central banks to tighten monetary policy conditions. The AUD/USD pair is trading at 0.7492. The market mood turned …

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• 29 March 2022 12:12 am

  USD Benefits From Global Turmoil

  

  The market mood is sour, helping the American dollar to end the day with gains against most major rivals.The initial catalyst came from the Bank of Japan. The central bank announced it would be buying an unlimited amount of 10-year JGBs at 0.25% in an attempt to defend the yield …

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• 28 March 2022 11:12 pm

  EUR/USD nearing technical support as Ukraine crisis dominates

  

  EUR/USD pair is back to being in the green in midday New York trade after being underwater at the start of the session when it was near to the lows of the day, 1.0944. The pair has perked up following a weakening in the US dollar and has climbed to …

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• 28 March 2022 10:56 pm

  Biden announces US 2023 Budget

  

  US President Joe Biden announces his Budget for Fiscal Year 2023. This is expected to reduce deficits by more than $1 Trillion over the next decade, advance safety and security at home and around the world, and make the investments needed to build a better America.The Biden administration on Monday …

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• 28 March 2022 10:50 pm

  Gold futures settle lower for a second straight session

  

  Gold futures settled lower on Monday for a second straight session, with strength in the US dollar pressuring prices for the precious metal. The dollar has generally been the primary safe haven in recent weeks, but interest in gold, while perhaps somewhat subdued, is still relatively solid. Investor sentiment has …

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• 28 March 2022 10:20 pm

  USD/CHF Hovers Around 0.9350 As Bulls Eye 0.9380s

  

  The USD/CHF pair keeps buoyant after a positive Asian and European session, which witnessed the US dollar’s strength, pushing the pair up to the daily high around 0.9381, but of late retreated just over January 31 daily high, which sits at 0.9342. The USD/CHF is trading at 0.9353.Reflection of the …

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• 28 March 2022 10:00 pm

  Treasury Yield Curve Flattening Accelerates

  

  Most Treasury yields slipped on Monday, as buyers returned to government debt following last week’s brutal selloff. Meanwhile, one part of the yield curve inverted for the first time in more than half a decade.The yield on the 10-year Treasury note TMUBMUSD10Y, 2.465% traded at 2.427%, down from 2.491% at …

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• 28 March 2022 9:24 pm

  BoE Expects UK Energy Shock Similar To The 1970s

  

  Consumers and businesses will come under severe pressure from cost of living squeeze, according to BoE governor Andrew Bailey says: ‘The shock from energy prices this year will be larger than any single year in the 1970s”, Bailey added. Britain’s economy is expected to suffer a growth slowdown amid the …

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• 28 March 2022 8:40 pm

  US Shares drop as stocks open mixed

  

  US equities are trading mixed after Wall Street’s opened two hours ago. The losers are the S&P 500 and the Dow Jones Industrial Average, each losing between 0.15% and 0.49%, sitting at 4537.05 and 34,691.34, respectively. The gainer is the heavy-tech Nasdaq Composite gaining 0.25% at 14,787.13 around 15:33 GMT. …

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• 28 March 2022 8:29 pm

  Americans Support Tougher Sanctions On Russia

  

  A majority of Americans believe President Biden has not been “tough enough” on Russia over its invasion of Ukraine but are concerned about the US being drawn into an all-out war with Russia, according to a poll published on Monday by the Associated Press-NORC Center for Public Affairs Research.Why it …

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