Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 1 March 2022 10:20 am

  Turkey Raises The Price of Natural Gas Used to Produce Electricity

  

  The Turkish natural gas distribution company, BOTAS, said on Tuesday that the price of gas used in the production of electricity rose 18.3 percent, while there was no change in the prices of natural gas used in industrial facilities and homes. Turkey has made sharp increases in energy prices this …

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• 1 March 2022 4:32 am

  Market Drivers – US Session – 28 February

  

  The USD has capitalized on safe-haven flows at the beginning of the week amid escalating geopolitical tensions and sanctions. Over the weekend, Washington and EU allies along with other Western nations decided to exclude some Russian financial institutions from the global payment system, SWIFT.Economic DataThe US economic calendar featured the …

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• 1 March 2022 3:11 am

  NZD/USD Approaching 0.6800 Amid USD Pullback

  

  The NZD/USD pair grinds higher around three-day top, pokes February high. Market sentiment steadily recreases as Russia continues attack on Ukraine, peace talks extended through the week without any clear results.The diplomats assured further talks during this week but Moscow isn’t ready to step back as Russian troops bombard civilian …

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• 1 March 2022 2:53 am

  USD/CAD Eying 1.2600 As Oil Supply Fears Intensify

  

  The USD/CAD has tumbled below 1.2700 amid higher oil prices on an escalation in sanctions on Russia. The Canadian dollar has also been dumped after the safe-haven assets lose their appeal.The USD/CAD pair has shrugged off its gains on Thursday’s trading session and has tumbled below 1.2700 despite the unavailability …

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• 1 March 2022 2:41 am

  Will Gold Price Hit USD 2,150 On Russian Invasion?

  

  Gold prices are back above USD 1900, gold trades at around USD 1910, but a return back to all-time highs requires greater escalation between Russia and the West.This remains the case that more upside is possible as the Russia-Ukraine crisis unfolds, but its likely that the 2022 high has been …

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• 1 March 2022 12:29 am

  Putin Escalates Assault Despite Peace Talks

  

  The risk-related sentiment is still the main market driver during the US trading session. Safe-haven assets surged higher at the weekly opening amid escalating war between Russia and Ukraine. The sentiment temporarily improved the early US session amid peace talks. However, such talks concluded no decisions. A new round of …

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February, 2022

• 28 February 2022 11:11 pm

  GBP/USD Fails To Get Over Gain Line

  

  The GBP/USD is back into the red territory on Monday as the US session continues in risk-off sentiment. At 1.3404, the price is down 0.04% after travelling between a low of 1.3307 and a high of 1.3431. The Sterling declined on Monday after Western nations imposed tough new sanctions on …

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• 28 February 2022 10:20 pm

  USD/CAD Reverses Back Amid Energy Prices Rally, Improved Market Mood

  

  The USD/CAD pair has seen two-way trade on Monday but is now back under 1.2700 as risk appetite improves. While geopolitics will be a key determinant of USD/CAD sentiment going forward, this week’s data calendar is also very busy.Highlights include the BoC rate decision on Wednesday, Fed Chair Powell’s testimony …

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• 28 February 2022 9:31 pm

  Could Uncertainty Impact Tuesday’s RBA Policy Decision?

  

  The Reserve Bank of Australia will have its monthly board meeting on Tuesday under thick uncertainty clouds on the backdrop of the escalating assaults and geopolitical tensions in eastern Europe.Economists expect Russia’s invasion of the Ukraine will have minimal impact on the Australian economy. There are expectations that while higher …

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• 28 February 2022 8:54 pm

  Canadian Dollar Slips As West Escalate Russia’s sanctions

  

  The Canadian dollar weakened against its US counterpart on Monday as the West imposed tougher sanctions against Russia over its Ukraine invasion and domestic data showed that the current account balance returned to a deficit in the fourth quarter.The safe-haven US dollar climbed and world stocks slid as new sanctions …

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• 28 February 2022 8:46 pm

  Consultations Follow First Round Of Russia-Ukraine Peace Talks

  

  Peace talks between Russia and Ukraine on Monday to bring about a ceasefire to the ongoing conflict in Ukraine have ended.Russian state media quoted a Ukrainian official saying that delegates from the respective countries will return to their capitals before embarking on a second round of talks, the Ukrainian official …

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• 28 February 2022 8:42 pm

  Fed’s Bostic Supports 25 bps Hike At March Meeting

  

  Atlanta Fed President Raphael Bostic said on Monday that the Fed needs to be “forceful and committed” in getting inflation under control, as reported by Reuters.Key Comments:“For now, inflation expectations in longer-term haven’t moved in a significant way.”“Labor supply is a huge problem.”“Until pandemic is over, there will be effects …

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• 28 February 2022 8:16 pm

  WTI Supported Amid Potential Supply Disruptions

  

  Although oil prices retreated from earlier highs as markets await the outcome of Ukraine-Russia talks and traders hope that a ceasefire could materialize, front-month WTI futures remain well underpinned in the $95.00 territories. At current levels in the $96.00s, WTI is trading with on-the-day gains of over 4.0% or more …

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