Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2024

• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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. …

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• 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 …

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• 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 …

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• 13 March 2024 11:59 am

  Forex Overview: Dollar Stabilizes as Markets Digest Higher-Than-Expected Inflation in America

  

  Dollar Stability Amid Inflation Surge: The dollar showed signs of stability against major currencies on Wednesday as traders gauged the potential impact of higher-than-expected inflation data on the Federal Reserve’s interest rate decisions slated for June. Surge in US Consumer Price Index: February witnessed a robust rise in the US …

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• 13 March 2024 11:55 am

  Nikkei Index Declines for Third Consecutive Session Amid Speculation on BoJ Policy Shift

  

  In Wednesday’s trading session, Japan’s Nikkei index extended its losses for the third consecutive day, reflecting investors’ cautious stance as they evaluated the potential implications of the Bank of Japan’s forthcoming monetary policy meeting, on March 18-19. Nikkei’s Decline: The Nikkei index experienced a modest decline of 0.26 percent, closing …

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