Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2024

• 21 March 2024 3:59 am

  AUD/USD advances following FOMC decision

  

  The Federal Reserve’s decision to hold rates unchanged and to adhere to the US monetary policy projection from the previous year, which suggests 75 basis points (bps) of rate cuts in 2024, caused the Australian dollar to leap 0.83% against the US dollar on Wednesday. The pair trades at 0.6595, …

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• 21 March 2024 2:22 am

  US Dollar Nosedives After FOMC Rate Decision

  

  Following the FOMC’s decision to keep interest rates steady and Fed Chair Jerome Powell’s press conference, which in March established a higher for longer attitude while also hinting at three rate decreases before 2024 ends, the US dollar fell to its lowest point this week.FOMC Decision in Line with Expectations …

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• 21 March 2024 1:56 am

  Dow skyrockets to fresh record after Fed’s hints at 3-rate cuts

  

  After the Fed had hinted at three rate cuts in the pipeline for 2024, the Dow surged to new heights. Following the Federal Reserve’s the retention of Fed’s 23-year high rate of interest rate and its hold on the projections for three rate cuts before the end of 2024, the …

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• 21 March 2024 12:09 am

  FOMC Decision Seen as Price-Friendly for Gold, Triggers Fresh Rally

  

  The Federal Reserve maintained its monetary policy unchanged at the recently concluded Federal Open Market Committee (FOMC) monetary policy meeting, as anticipated. At 5.25% to 5.50%, the main Fed Funds interest rate range remained unchanged. It seems that the FOMC statement took a moderate stance on policy, neither being very …

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• 20 March 2024 10:57 pm

  Powell: Policymakers made no decisions about future meetings in March

  

  Fed Chair Jerome Powell has explained the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference.Key Statements:“We want to see more data that gives us higher confidence on inflation moving down sustainably.”“We made no decisions …

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• 20 March 2024 10:43 pm

  Fed Signals Interest Rate Cuts in 2024

  

  On Wednesday, the Federal Reserve kept the interest rate in the 5.25%-5.50% area without any change at the end of its meeting that began one day ago, which was in line with market expectations.The central bank has been holding the interest rate at these levels since July 2023, when the …

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• 20 March 2024 10:06 pm

  FOMC Holds Rate Policy Unchanged As Broadly Expected

  

  Following its meeting in March, the Federal Reserve has just announced its monetary policy decision to hold the US central bank’s policy rate at 5.25%–5.5%. All eyes focus now on the policy statement as well as the press conference starring Fed Chair Jerome Powell.

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• 20 March 2024 9:48 pm

  US Dollar shows modest gains ahead of Fed decision

  

  On Wednesday, the US dollar’s gains continued. The revised Dot Plot and Chair Powell’s tone are the centre of attention. Any surprise from the Fed, whether hawkish or dovish, could cause volatility in the USD. At present, the US Dollar Index (DXY) is trading close to 104, indicating a gain …

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• 20 March 2024 9:04 pm

  CAD Shows Little Movement Ahead of FOMC Decision

  

  The Canadian dollar (CAD) shows little movement as markets await the Federal Reserve’s (Fed) interest rate decision and economic outlook, expected at 18:00 GMT today. The Bank of Canada’s (BoC) upcoming statement is likely to have minimal impact, with investor focus on the Fed’s potential rate cut signal.Earlier expectations of …

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• 20 March 2024 7:33 pm

  Will a Decrease in Inflation Prompt the Bank of England to Move Up the Rate Cut Date?

  

  In a week marked by pivotal decisions from five of the world’s largest central banks, including the US Federal Reserve and the Bank of Japan, all eyes are now turning to the Bank of England’s upcoming announcement scheduled for Thursday. Speculation abounds regarding the likelihood of a maintained interest rate …

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• 20 March 2024 7:09 pm

  Ahead of FOMC: Investors Still Perplexed About Rate Cut Timing

  

  Following its meeting in March, the Federal Reserve (Fed) is anticipated to make announcements regarding monetary policy and to release the updated Summary of Economic Projections (SEP), also known as the dot plot, on Wednesday. For the sixth consecutive meeting, market participants predict that the US central bank will maintain …

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• 20 March 2024 3:21 pm

  Bitcoin Dips Below $62,000 Amidst Profit-Taking and ETF Outflows

  

  Bitcoin witnessed a decline on Wednesday, March 20, slipping to the level of $62,000 following significant sell-offs subsequent to the cryptocurrency’s recent record high. According to CoinDesk data, Bitcoin traded slightly above $62,900, marking a decrease of approximately 2.5% over the previous 24 hours. Despite this downturn, Bitcoin has demonstrated …

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• 20 March 2024 2:08 pm

  European Stocks Dip Amid Luxury Goods Sell-Off and Fed Uncertainty

  

  European stocks commenced trading on a lower note on Wednesday, with a flurry of selling impacting luxury goods companies following a warning from Kering regarding sales. Investor sentiment remained cautious amidst concerns that the Federal Reserve might indicate a slower pace for interest rate cuts this year. As of 0806 …

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