Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2024

• 20 March 2024 10:30 am

  Oil Prices Dip in Asian Trading Amid Dollar Strength and Supply Considerations

  

  In early Asian trading on Wednesday, oil prices experienced a decline, influenced by a strengthening dollar, which dampened investor sentiment, particularly following recent rallies that propelled both benchmark crude oils to multi-month highs over the past two sessions. Price Movements Brent crude futures for May delivery dipped by 19 cents, …

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• 20 March 2024 5:21 am

  Market Drivers – US Session, March 19

  

  The US Dollar continued its recent strength, pushing the USD Index (DXY) above 104.00 earlier on Tuesday, though the gain was short-lived and it was last seen at 103.871. All eyes are now focusing on the Federal Reserve’s interest rate decision later Wednesday, along with their economic projections and Chair …

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• 20 March 2024 5:09 am

  Pound Holds Steady Ahead of Key Data, Rate Decisions

  

  The British Pound (GBP) is hovering around the 1.2700 mark, last seen at 1.2717, against the US Dollar (USD) on Wednesday morning, as investors brace themselves for crucial inflation data and interest rate decisions from both the UK and the US.FOMC, BoE’s Decisions AwaitedThe US Federal Reserve is widely expected …

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• 20 March 2024 4:21 am

  Bitcoin retreats After Record High: Correction or More to Come?

  

  On Tuesday, March 19, cryptocurrencies like Bitcoin and others were given a reality check. The market saw a correction last week after reaching a record high, with the price of Bitcoin falling by almost 6% in a single day. There are several variables that have combined to cause this decline. …

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• 20 March 2024 1:13 am

  Gold Price Dips on Strong Dollar, Awaits FOMC Decision

  

  Gold prices lost 0.13%, trading at $2157.575 at the time of writing. Gold retreated on Tuesday as the US Dollar strengthened ahead of the Federal Reserve’s highly anticipated policy meeting on Wednesday. Key Factors Influencing Gold A robust US Dollar makes gold a less attractive investment, as gold is priced …

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• 20 March 2024 12:27 am

  USD/JPY Continues to Rise Despite Japanese Rate Hike

  

  In the latest currency markets coverage, it was significant to see the dollar/yen pair breaking its positive correlation with US Treasury yields on Tuesday as the Bank of Japan’s decision to raise interest rates this morning overshadowed the factors influencing the yen’s price movement.The U.S. dollar has continued to rise …

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• 19 March 2024 11:19 pm

  US bond yields decline ahead of the Fed’s decision

  

  US Treasury bond yields have been declining since the start of the Federal Open Market Committee meeting earlier on Tuesday, with markets awaiting the FOMC decision to be issued, Wednesday, amid expectations that the Federal Reserve will keep the interest rate unchanged.Expectations of a rate cut by the Federal Reserve …

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• 19 March 2024 10:44 pm

  USD/CAD Climbs After Canadian Inflation Data

  

  The Canadian dollar dipped against its US counterpart after data revealed a steeper-than-expected decline in inflation. This has fueled speculation that the Bank of Canada may cut interest rates sooner than anticipated.Canadian Inflation Cools, Rate Cut Speculation Heats Up Canada’s Consumer Price Index (CPI) fell below the key 3% mark …

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• 19 March 2024 10:07 pm

  US Rate Decision Preview: Will FOMC Embrace Hawkish Stance?

  

  The Fed meeting will be closely watched for any signals of a shift in its monetary policy stance. A dovish hold with a timeline for QT could calm markets, while a hawkish tilt due to inflation concerns could lead to volatility.The Federal Reserve’s interest rate decision on Wednesday, March 20, …

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• 19 March 2024 9:10 pm

  Despite Upbeat European Data, Euro Weakens Ahead of FOMC Decision

  

  Market jitters ahead of the Federal Open Market Committee (FOMC) meeting on Wednesday are putting pressure on the Euro (EUR) against the US Dollar. The EUR/USD is trading at 1.0863, down 0.08% at the time of writing.Positive signs in Eurozone:Investor sentiment in the Eurozone received a boost after Germany’s ZEW …

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• 19 March 2024 7:07 pm

  FOMC Decision Forecasts by Major Banks

  

  The US Federal Reserve will announce its Interest Rate Decision on Wednesday, March 20 at 18:00 GMT and as we get closer to the release time, here are the expectations as forecast by analysts and researchers of 15 major banks. The Fed is expected to keep rates unchanged in the …

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• 19 March 2024 6:44 pm

  Swiss National Bank Likely to Delay Rate Cut Amidst Global Trends

  

  The Swiss National Bank (SNB) is anticipated to maintain its current interest rate stance until at least June, aligning with its counterparts such as the European Central Bank and the US Federal Reserve. The SNB may opt to observe its peers’ actions regarding the cessation of monetary tightening before making …

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• 19 March 2024 4:25 pm

  Oil Prices Hold Steady Near Four-Month Highs Amid Geopolitical Tensions

  

  Oil prices maintained stability on Tuesday, hovering near four-month highs achieved after breaking out of range-bound trading last week. However, the specter of escalating exports from Russia, compounded by Ukrainian attacks on refineries, exerted downward pressure on prices. Price Movements The Brent crude oil futures contract for May delivery dipped …

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