Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2024

• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 19 March 2024 3:07 pm

  German Investor Sentiment Surges on ECB Expectations

  

  In a positive turn of events, German investor morale witnessed a notable uptick in March, fueled by expectations of an interest rate cut by the European Central Bank (ECB) and encouraging signs emerging from China, as reported by the ZEW economic research institute on Tuesday. Key Highlights from ZEW Report …

  Read More »
• 19 March 2024 1:12 pm

  European Stocks Steady Amid Sectoral Shifts Ahead of Key Economic Data

  

  European stock markets exhibited subdued trading on Tuesday, with losses in technology shares counterbalancing gains in consumer staple stocks, setting the stage for a mixed performance. The pan-European STOXX 600 index saw a marginal decline of 0.1% by 8:24 GMT, with a notable 0.6% downturn in technology shares. Economic Data …

  Read More »
• 19 March 2024 11:28 am

  Japanese Shares Surge as Bank of Japan Ends Negative Interest Rates

  

  Japanese equities soared on Tuesday, propelled by the Bank of Japan’s widely anticipated decision to terminate eight years of negative interest rates. This landmark move marked Japan’s first policy tightening since 2007, signaling a significant departure from its prolonged era of ultra-easy monetary policy. BOJ’s Paradigm Shift: From Ultra-Easy Policy …

  Read More »
• 19 March 2024 10:54 am

  Gold Prices Nudge Down Ahead of Fed Meeting

  

  In the Asian trading session on Tuesday, gold prices experienced a slight dip, although they maintained a position above crucial support levels. This trajectory unfolded amidst a prevailing cautious sentiment towards precious metals, particularly in anticipation of a pivotal Federal Reserve meeting slated for later in the week. Gold’s Resilience …

  Read More »
• 19 March 2024 7:19 am

  Strong Housing Data Pushes US Dollar Higher Ahead of FOMC Decision

  

  Positive signs emerged from the US housing market as both Housing Starts and Building Permits in February surpassed expectations. This data bolstered the US Dollar Index (DXY) which climbed to its highest point since early March, currently hovering around 104.00; specifically 0.05% up at 103.836.All eyes are now on the …

  Read More »
• 19 March 2024 2:52 am

  Market Drivers – US Session, March 18

  

  The US Dollar kicked off the week on a strong note, fueled by rising US Treasury yields and diminishing expectations of an interest rate cut by the Federal Reserve in June. This greenback surge weighed on riskier assets, pushing the Euro (EUR/USD) below 1.0900, a multi-day low.The Dollar Index (DXY) …

  Read More »
• 19 March 2024 2:28 am

  Standard Chartered Raises BTC Price Forecast for 2024

  

  Standard Chartered raised anticipation regarding Bitcoin’s price during the remaining months in 2024, the bank sees the new estimate on the back of exchange-traded funds, broadly known as ETFs, driven positive market conditions. The bank previously predicted that Bitcoin could hit $100,000 by year-end. The current estimate is even higher …

  Read More »
• 19 March 2024 1:59 am

  Oil Soars on Mounting Supply Concerns, WTI Hits 16-Week High

  

  Oil prices are rallying, reaching their highest point since last November. West Texas Intermediate (WTI), a leading indicator for American crude, surpassed the $82 per barrel mark for the first time in months.This surge is fueled by escalating concerns about a potential oil shortage. Despite record output from non-OPEC nations …

  Read More »
• 19 March 2024 12:53 am

  RBA Rate Decision: Holding Steady Amid Tax Cuts, Uncertain Fed Stance

  

  The Reserve Bank of Australia (RBA) is set to announce its interest rate decision on Tuesday, March 19th, 2024, at 2:30 PM Sydney time. This decision will be closely watched by businesses, borrowers, and investors for its impact on the Australian economy.Market Expectation: Holding ScenarioFinancial markets overwhelmingly anticipate the RBA …

  Read More »
• 18 March 2024 11:37 pm

  US Stock Market Rebounds Led by Tech Surge

  

  The stock market closed higher on Monday, reversing recent losses, particularly in the tech sector. This shift came as investors awaited developments in artificial intelligence (AI) and upcoming guidance from the Federal Reserve. Market Gains: All major indices rose. The Dow Jones Industrial Average gained 0.2%, the S&P 500 climbed …

  Read More »