Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 12 March 2022 1:44 am

  US Drillers Add Oil, Gas Rigs For Ninth Time In Ten Weeks

  

  US energy firms this week added oil and natural gas rigs for the ninth time in 10 weeks after Russia’s invasion of Ukraine drove crude prices to their highest since 2008.The oil and gas rig count, an early indicator of future output, rose 13 to 663 in the week to …

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• 12 March 2022 1:15 am

  Before FOMC’s Meeting, Experts Still React To CPI Data

  

  The Bureau of Labor Statistics this week reported that the Consumer Price Index, the most widely used measure of inflation, rose 0.8% in February, up 7.9% over the last twelve months. Just after the BLS’s data, the Brookings Institution gathered a host of experts to explain what the latest CPI …

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• 12 March 2022 1:03 am

  US Dollar Extends Gains For Fifth Weeks

  

  The US Dollar Index DXY gains 0.59% in the day, as USD bulls eye the 100 as the New York session winds down. The US imposes a new tier of sanctions against Russia.The US Dollar Index (DXY), a gauge of the American currency’s value against a basket of six rival …

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• 11 March 2022 11:40 pm

  US Shares Drop Back As Investors Doubt Putin’s Comments

  

  US equities traded in choppy, mixed fashion on the final trading day of what has been an indecisive week.The S&P 500 opened 0.5% higher following positive Putin commentary on Ukraine, but skeptical investors have since pared these gains.US equities traded in choppy, mixed fashion on the final trading day of …

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• 11 March 2022 10:55 pm

  Canada’s Employment Data Justifies Another Rate Hike in April

  

  Data released on Friday showed the Canadian economy created more than 300K jobs in February, much more than expected. The numbers from the report are more than enough justification for another rate hike in April from the Bank of Canada. It may have still been outside, but the Canadian labour …

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• 11 March 2022 10:45 pm

  FOMC Could Opt Cautious Rate Policy Amid Ukraine Uncertainty

  

  Federal Reserve officials next week will raise interest rates for the first time since 2018 and signal a faster pace of hikes in 2022, though policymakers may be cautious amid uncertainty due to Russia’s invasion of Ukraine.While markets expect six or seven hikes this year spread out during the Federal …

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• 11 March 2022 10:17 pm

  US Dollar Surges Over Putin’s Positive Comment On Peace Talks

  

  The US dollar edged higher on Friday while other safe-haven and commodity-linked currencies declined, after Russian President Vladimir Putin said there had been some progress in talks between Moscow and Ukraine.Putin said in a meeting with his Belarusian counterpart Alexander Lukashenko that there had been “certain positive shifts” in negotiations …

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• 11 March 2022 9:58 pm

  Can Global Economy Go Ahead Without Russian Commodities?

  

  Russia ranks number one, two and three, among the world’s exporters of natural gas, oil and coal, respectively. Europe gets most of its energy needs from Russia. Russia also accounts for half of US uranium imports. It supplies a tenth of the world’s aluminium and copper, and a fifth of …

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• 11 March 2022 8:53 pm

  Gold To Fall Toward $1,950, $1,940 On Hawkish Fed

  

  Gold has reversed its direction after rallying toward new all-time highs. The precious metal is set to extend its downward correction on a hawkish US Federal Reserve.The Fed is widely expected to kick off its tightening cycle with a 25 basis points rate hike when the two-day FOMC policy meeting …

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• 11 March 2022 8:13 pm

  WTI set to end historically volatile week under $110

  

  After a historically volatile week, WTI is more subdued on Friday, remaining capped under $110 but supported above $104. WTI is on course for a weekly drop of over $7.0, which would be its worst one-week performance since November.Global oil markets look set to end a historic week of energy-related …

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• 11 March 2022 7:49 pm

  Biden: US to revoke permanent normal trade relations with Russia

  

  In a public address at the White House, US President Joe Biden confirmed on Friday that US would revoke permanent normal trade relations (PNTR) with Russia.US allies would also announce new actions against Russia on Friday, Biden said. The US is also to ban the imports of Russian luxury goods, …

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• 11 March 2022 6:19 pm

  Canadian Economy Adds 336.6K Jobs in February

  

  The Canadian economy added 336,600 jobs in February, well above the median economist forecast for 160,000 jobs to have been added on the month, a report released by Statistics Canada on Friday showed. That marked a substantial improvement compared to January, when slightly more than 200,000 jobs were lost as …

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• 11 March 2022 5:01 pm

  Russian President Putin Says There Are Positive Shifts in Talks With Ukraine

  

  Commenting on the latest talks with Ukraine, “there are certain positive shifts, negotiators on our side tell me,” Russian President Vladimir Putin said in a meeting with his Belarusian counterpart Alexander Lukashenko on Friday, as reported by Reuters. Putin refrained from sharing any additional details on the matter.

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