Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 14 March 2022 11:44 am

  Russia Says it Will Pay Off Its Foreign Debt in Russian Rubles Due to Sanctions

  

  Russia’s Finance Ministry said on Monday it had approved a temporary measure to pay off debts in foreign currency, but warned that payments would be made in rubles if sanctions prevented banks from honoring their debts in the issuance currency. The ministry added in a statement that Russia has sufficient …

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• 14 March 2022 11:05 am

  Gasoline Prices Fell in US After A Record High Last Week

  

  Gasoline prices at US gas stations fell over the weekend after hitting an all-time high last week following the Russian invasion of Ukraine. On Sunday, retail gasoline prices fell for the second day in a row, to $4,325 per gallon, below the record high of $4,331 set on Friday, according …

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• 14 March 2022 10:36 am

  The Nikkei index rose 0.70% in early trading in Tokyo

  

  The Nikkei average rose in early trading on the Tokyo Stock Exchange on Monday. The Nikkei rose 0.70 percent to 25,338.64 points, while the broader Topix index rose 0.72 percent to 1812.43 points.

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• 14 March 2022 1:21 am

  Will Fed hike rates despite the threat to growth?

  

  The US Federal Reserve is expected to raise interest rates despite the threat to growth posed by Russia’s invasion of Ukraine.The US Federal Reserve is widely expected to raise interest rates by 0.25 percentage points at its meeting next week for the first time since slashing borrowing costs to zero …

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• 14 March 2022 12:53 am

  Will BoE Hike Rates Amid War, Diminished Spending Power?

  

  Soaring gas and electricity prices, high inflation, the worst squeeze for living standards in decades. The economic outlook was challenging even before Russia’s invasion of Ukraine. The Bank of England looks set to lift interest rates to 0.75% on Thursday 17 March, its third rate rise in a row as …

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• 14 March 2022 12:23 am

  Weekly Recap 7-11 March 2022

  

  Volatility and inflation have been among the most significant key drivers throughout the trading week amid trepulent geopolitical developments with undeniable economic impact across financial market.Inflation Still Biggest RiskData released on Thursday showed that the US consumer price index (CPI) grew 7.9% year-on-year and 0.8% month-on-month in February. The core …

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• 12 March 2022 2:38 am

  Market Drivers – US Session – 11 March

  

  Friday’s trading day fluctuated between risk-on/off, on reports from Russia saying that its President Putin seen certain positive shifts in talks with Ukraine, while Ukraine Foreign Minister, saying the opposite. That said, the GBP/USD is trading at 1.3035, down 0.39%.Economic DataUS energy firms this week added oil and natural gas …

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• 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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