Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 22 March 2022 11:32 pm

  Fed’s Daly: US has a typical recipe for inflation

  

  San Fransisco Fed President Mary Daly said on Tuesday that the US now has policy-supported demand combined with fragile supply chains, which is a recipe for inflation. Key Quotes On Monetary Policy“It’s time to remove accommodation, marching up to neutral, looking if we need to go over neutral.”“Right now full …

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• 22 March 2022 11:06 pm

  Biden To Announce Additional Russia Sanctions During Europe Trip

  

  US President Biden intends to announce a new Russia sanctions package during his visit to Europe this week, including measures to crack down on sanctions evasion, White House national security adviser Jake Sullivan said at a press briefing Tuesday.Ukrainian President Volodymyr Zelensky has pleaded with the West to impose new …

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• 22 March 2022 10:23 pm

  ECB Chief Christine Lagarde: Crypto Remains a Threat

  

  Crypto service providers may be an “accomplice to” circumventing sanctions against Russia, and crypto assets have been and remain a threat, said Christine Lagarde, president of the European Central Bank (ECB).Lagarde said the amount of Russian rubles going into crypto and stablecoins have been on the rise, speaking at the …

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• 22 March 2022 9:36 pm

  US Stocks Extend Last Week’s Gains

  

  US stocks rose and government-bond yields jumped Tuesday, as investors shook off concerns that rising inflation will drag the nation’s economy into a recession.Tuesday’s moves had all three US indexes up at least 2% for the month so far, building on last week’s gains. The Dow Jones Industrial Average rose …

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• 22 March 2022 8:27 pm

  Could Gold Price Change Its Current Course?

  

  Gold Price gave up Monday’s gains as the market’s sentiment improved and US 10-year Treasury yields renew three-year high amid aggressive US Fed officials. Gold Price trades near a daily low of $1,910.64, pressured by the upbeat tone of Wall Street, regardless of a solid reason for such optimism. Inflation-related …

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• 22 March 2022 7:45 pm

  USD/CAD Climbs On Hawkish Comments By Fed Policymakers

  

  The USD/CAD grinds higher after five days in the red territory. Fed’s Chair Powell approves 50 bps rate hikes and could happen not just once. The USD/CAD The USD/CAD snaps five days of consecutive losses amid a risk-on market mood. At the same time, oil prices ease from around $115.00, …

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• 22 March 2022 7:14 pm

  NATO: Belarus could join the war in Ukraine

  

  Belarus could “soon” join the war in Ukraine, US/NATO officials said on Tuesday, tweeted a CNN reporter, and are already taking steps to do so. “Putin needs support” and “anything would help” one official was quoted as saying. The reporter said that Belarusian opposition told them that combat units are …

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• 22 March 2022 5:49 pm

  Australian dollar hits 19-week high

  

  The Australian dollar hit a five-month high of $0.7443 before settling around $0.744 on Tuesday, as investors price the chances of the Reserve Bank of Australia catching up with the Federal Reserve’s tightening. Previous hawkish comments by Federal Reserve Chairman Jerome Powell put pressure on the Australian dollar, with Powell …

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• 22 March 2022 5:10 pm

  Russia says 78 of its planes were confiscated abroad

  

  Russian Transport Minister Vitaly Savelyev said on Tuesday that 78 Russian planes had been confiscated abroad, the Interfax news agency reported, as Russia suffers the effects of international sanctions over its actions in Ukraine. Sanctions cut off supplies of aircraft, spare parts, and services to Russia, and Russian airlines have …

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• 22 March 2022 4:29 pm

  The yen and the euro fell due to the possibility of a US interest rate hike

  

  The dollar rose on Tuesday after US Federal Reserve Chairman Jerome Powell raised the possibility of a 50 basis point rate hike, while the yen slipped below 120 yen to the dollar after the Bank of Japan reiterated its support for loose monetary policy. The euro was also pressured, falling …

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• 22 March 2022 3:05 pm

  Oil prices drop below $114 as EU split over Russian oil embargo

  

  Oil prices fell below $114 a barrel on Tuesday, giving up part of their 7 percent gains on Monday, as European Union member states split over a possible ban on Russian oil, but persistent supply risks limited prices. The bloc’s foreign ministers were divided over whether to join the United …

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• 22 March 2022 2:01 pm

  Gold stabilizes amid rising US bond yields and developments in the Ukraine crisis

  

  Gold prices stabilized on Tuesday as US bond yields rose to multi-year highs following the Federal Reserve’s decisive stance on inflation while escalating conflict between Russia and Ukraine boosted demand for the safe-haven metal. And the price of gold settled in spot transactions at the level of $ 1936.03 an …

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• 22 March 2022 1:35 pm

  European shares rise with the support of the banking and energy sectors

  

  European shares rose on Tuesday, boosted by the continued recovery of energy stocks on the back of higher oil prices and gains in banking shares after hawkish comments from the US Federal Reserve chairman. The pan-European Stoxx 600 index rose 0.2 percent after a tepid start to the week. The …

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