Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2024

• 14 March 2024 11:35 am

  Gold Prices Dip as Dollar Strengthens Ahead of Awaited Economic Data

  

  Gold prices experienced a slight decline on Thursday as the dollar strengthened, although bullion remained near record highs. Traders were eagerly awaiting more US economic data, which could influence expectations regarding a potential mid-year interest rate cut. Price Movements By 0426 GMT, gold in spot transactions fell by 0.2 percent …

  Read More »
• 14 March 2024 3:52 am

  Market Drivers – US Session, March 13

  

  After Tuesday’s abrupt decline, gold prices soon resumed their upward trajectory, on Wednesday, with the immediate goal being the all-time high, which is located little below $2,200 per ounce. Gold closed the North American session at $2175.60 per ounce.The US weekly crude oil and petrol stockpiles unexpectedly declined, and rising …

  Read More »
• 14 March 2024 3:01 am

  What Bad News Does Congress Bring On Wall Street?

  

  Dealmaking is critical for Wall Street because it allows investors and banks to profit by offering advice or financing for transactions. President Joe Biden’s new bundle of laws to fund the federal government may hurt Wall Street mergers and acquisitions, dash hopes for a dealmaking rebound. Lowest Mergers, AcquisitionsInvestment bankers …

  Read More »
• 14 March 2024 12:50 am

  Canadian Dollar Recovers Ahead of PPI, Retail Sales

  

  PPI and retail sales figures will be released in the United States, Thursday. The Canadian dollar found some upside potential around the midweek inflection point, as investors await Thursday’s data. The Canadian dollar continues to struggle with its US counterpart, but it is on track to be one of the …

  Read More »
• 13 March 2024 11:44 pm

  US Treasury yields continue to rise

  

  US Treasury bond yields have continued to rise since the beginning of daily trading on Wednesday, driven by the fact that investors have fully digested the recent US inflation data, which highlighted that consumer prices in the United States are still on the uptrend.Yields Are Climbing US Treasury yields climbed …

  Read More »
• 13 March 2024 10:39 pm

  Steel Stock Declines As Biden Raises Concern Over Nippon Deal

  

  US President Joe Biden plans to express concern over Nippon Steel’s proposed $14.9 billion purchase of US Steel, pushing the company’s stock 12% lower on bets the deal could face greater political opposition.In December, Nippon Steel clinched a deal to buy the 122-year-old iconic steelmaker for a hefty premium, betting …

  Read More »
• 13 March 2024 9:17 pm

  AUD/USD surges on RBA’s relatively hawkish stance

  

  The AUD/USD pair has seen a surge in value as markets continue to anticipate the Federal Reserve cutting interest rates possibly in June. However, the Reserve Bank of Australia is striking a more hawkish tone, suggesting that rates may even need to rise. The pair is 0.40% up, trading at …

  Read More »
• 13 March 2024 7:26 pm

  ECB to change how it supplies banks with vital liquidity

  

  With the impending announcement of its Operational Framework Review, the European Central Bank (ECB) is approaching a pivotal point in its history. The guidelines guiding the ECB’s future liquidity injections into the commercial banking sector will be decided upon after this review. The framework is extremely important because it determines …

  Read More »
• 13 March 2024 6:27 pm

  Gold price rises as focus shifts to US Retail Sales

  

  Gold price (XAU/USD) trades slightly in the green in Wednesday’s early New York session but has an uncertain outlook in the near term as investors have scaled down expectations of Federal Reserve rate cuts in June. The precious metal recorded its second-largest single-day decline in a month on Tuesday after …

  Read More »
• 13 March 2024 4:34 pm

  Oil Prices Rise on Strong Global Demand Expectations

  

  Oil prices climbed on Wednesday, driven by expectations of robust global demand, particularly from the United States, the world’s largest crude consumer. Sentiment was further boosted by hopes that the Federal Reserve might initiate interest rate cuts soon, despite challenges in curbing inflation in the United States. Demand-Driven Rally Expectations …

  Read More »
• 13 March 2024 3:03 pm

  European Shares Reach New Highs Amid Positive Corporate Updates

  

  European shares surged to new record highs on Wednesday, buoyed by gains in retail and utility stocks following upbeat corporate announcements. As investors eagerly awaited industrial production data from the region, the pan-European STOXX 600 index rose by 0.1% by 9:13 GMT, building on the momentum from Tuesday’s record-high close. …

  Read More »
• 13 March 2024 2:11 pm

  Bitcoin Reaches New All-Time High

  

  Bitcoin surged to a record high for the third time in five days before traders seized the opportunity to capitalize on recent gains. After touching $73,650 during Tuesday’s trading session, the cryptocurrency was pushed below the $70,000 mark. Influx of Funds and ETF Success: The cryptocurrency’s ascent to new heights …

  Read More »
• 13 March 2024 1:21 pm

  Britain’s Economy Shows Signs of Recovery

  

  Official data revealed that the UK’s economy rebounded at the onset of 2024, offering a respite for Prime Minister Rishi Sunak ahead of the anticipated elections later this year, following a recession triggered by the mixed performance across sectors in the latter half of 2023. GDP Growth in January: Britain …

  Read More »