Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2024

• 1 March 2024 8:59 pm

  Fed: Inflation expectations are broadly consistent with 2% goal

  

  The latest Monetary Policy Report from the US Fed highlights the US central bank’s stance on the current economic and inflation outlook, and what it will take for Fed policymakers to feel comfortable enough to begin cutting interest rates.Key highlightsInflation expectations are broadly consistent with 2% goal.Labour market remains tight, …

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• 1 March 2024 7:40 pm

  Economists see little influence of likely shutdown on the US dollar

  

  Another shutdown is looming in the United States. What does all this mean for the US dollar? Economists analyze dollar’s performance outlook.This is not the first time that a federal government shutdown is looming in the United States. There have also been longer actual shutdowns until an agreement was reached …

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• 1 March 2024 4:51 pm

  Eurozone Inflation Slows, ECB Faces Dilemma

  

  Eurozone inflation moderated in February, falling to its lowest level since November. Despite the slowdown, inflation remains above analysts’ expectations, posing a challenge for the European Central Bank (ECB) amidst speculation about future rate hikes. Key Inflation Figures: Eurostat Data Highlights Eurostat data revealed that the consumer price index rose …

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• 1 March 2024 1:35 pm

  European Stocks Rise Amid Optimism Over US Data and Monetary Policy Easing

  

  European stocks kicked off the month on a positive note, buoyed by gains in global markets fueled by encouraging US inflation data. Investors are optimistic about the prospects of inflation easing in the euro zone and are closely monitoring monetary policy signals. Market Performance: STOXX 600 Index Climbs The European …

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• 1 March 2024 12:28 pm

  Nikkei Index Hits Historic High on Tech Surge and Fed Signals

  

  Introduction: Japanese Market Achieves Milestone Japan’s Nikkei index soared to unprecedented heights on Friday, propelled by a surge in technology-related stocks following record highs in American markets. Positive remarks from Federal Reserve officials regarding interest rates further bolstered investor confidence. Record-Breaking Performance: Nikkei Hits New Peak The Nikkei index achieved …

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• 1 March 2024 11:17 am

  Oil Prices Edge Up Amidst Escalating Tensions in Gaza

  

  Introduction: Geopolitical Developments Impact Crude Prices Oil prices experienced a modest increase on Friday, with ongoing tensions in Gaza contributing to market fluctuations. The situation intensified following reports of fatalities among Palestinians waiting for aid, adding complexity to ceasefire negotiations. Brent Crude Futures: Slight Uptick Brent crude futures for May …

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• 1 March 2024 2:40 am

  Market Drivers – US Session, February 29

  

  Amid ongoing indications of inflation losing steam on both sides of the Atlantic and consistent wagers that the Fed and the ECB will cut interest rates at some point this summer, the US dollar’s continuing purchasing pressure put additional pressure on the risk-linked assets. Economic Data The personal consumption expenditures …

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• 1 March 2024 1:26 am

  Gold rallies as T-yields dip following PCE data

  

  Gold prices surged over 0.50% in the North American session after the release of the Fed’s Core Personal Consumption Expenditure Price Index, which confirmed the continued disinflation trend. The data supported the fall in US Treasury bond yields, which correlate inversely to precious metals prices. The Core PCE report showed …

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• 1 March 2024 12:47 am

  Global stocks gain on in-line US inflation, retreating treasury yields

  

  The global equity index advanced on Thursday after anticipated US inflation reading, which provided little surprise for relieved investors and helped push US Treasury yields lower. Wall Street’s major stock indexes rebounded from the previous session’s decline due to investor jitters ahead of the US personal consumer expenditures (PCE) price …

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February, 2024

• 29 February 2024 11:29 pm

  House Passes Funding Extension To Avoid US government shutdown

  

  The House of Representatives has approved a temporary extension of government funding to prevent another deadline to avoid a government shutdown. The short-term extension will fund some government agencies for another week, through March 8, and the remaining agencies until March 22. Senate Majority Leader Chuck Schumer said the Senate …

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• 29 February 2024 10:49 pm

  US dollar advances as markets digest PCE data

  

  The US Dollar Index (DXY) is trading near 104.130, up for Thursday’s session, with the Core PCE Price Index matching predictions. Markets continue delaying rate cuts from the Fed, favoring the Greenback. Personal Consumption Expenditures (PCE) showed no surprises, and the Fed won’t rush to cut rates if there’s no …

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• 29 February 2024 9:39 pm

  USD/CAD slides after PCE data

  

  The USD/CAD pair rose to an intraday high of 1.3597 before backsliding to 1.3541 after US Personal Consumption Expenditure Price Index (PCE) inflation figures printed exactly as markets were hoping. The pair is trading at 1.3583, up 0.06% at the time of writing.Annualized Canadian Gross Domestic Product (GDP) printed above …

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• 29 February 2024 7:42 pm

  How have financial markets react to PCE reading?

  

  After the announcement of the data, the dollar has stabilised in a relatively narrow range. The dollar appears reluctant to break free from the level in any direction, but it is currently trading up 0.05% at 103.969 after fluctuating about 104.00. The PCE data mostly matches expectations. Stocks are up …

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