Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2024

• 12 March 2024 2:35 am

  Is Bitcoin’s Recent Rally Just A Beginning?

  

  The BTC/USD pair has risen past $72,000, setting a new record, but this is a long way from the top that some analysts of the biggest cryptocurrency in the world had predicted. By year’s end, Standard Chartered believes bitcoin will hit $100,000, while research company Fundstrat has set a target …

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• 12 March 2024 2:11 am

  Market Drivers – US Session, March 11

  

  In the commodity market, WTI crude oil prices maintained their consolidative stance in the commodities market, circling the pivotal 200-day SMA and attempting to break through the $78.00 region. At $77.77 per barrel, US crude oil was last observed up 0.53%. Tuesday’s weekly update on US crude oil stocks as …

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• 12 March 2024 1:43 am

  Canadian dollar slightly higher ahead of US CPI print

  

  The Canadian dollar is trading on the thin side as investors await key inflation figures. Canada has a light economic calendar this week, with Canadian dollar slightly higher on Monday but stuck on the US dollar. The USD/CAD pair is trading at 1.3482 at the time of writing. The Canadian …

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• 12 March 2024 12:23 am

  S&P 500 closes lower for a second session as tech rally eases

  

  Monday saw a decline in the S&P 500 as the rally that lifted the major averages to all-time highs faded out. Aside from that, investors were anticipating new US inflation data, including the impending CPI print. The heavily weighted Nasdaq Composite had a decline of 0.41%, while the broad S&P …

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• 11 March 2024 11:00 pm

  EUR/USD slightly benefits from softer US dollar

  

  The EUR/USD pair slightly benefited from the US dollar’s sell-off but to a lesser degree than other assets including the Pound Sterling, and the Japanese yen. The pair remains in the same range that has been in play for the past 15 months, and price has made a fast move …

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• 11 March 2024 9:18 pm

  US CPI Preview: Forecasts by 10 major banks, inflation still too high

  

  The US Bureau of Labour Statistics will release the most important inflation measure, the US Consumer Price Index figures, on Tuesday, March 12. As markets get closer to the release time, here are the forecasts by the economists and researchers of 10 major banks regarding the upcoming United States inflation …

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• 11 March 2024 7:49 pm

  Dollar recovers from US jobs data shock

  

  The US dollar began to recover from a sharp decline that has been accompanying it since the opening of weekly trading on Monday, continuing to be affected by the employment data released on Friday to shed light on a deterioration in labour market conditions that would have favoured speculation of …

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• 11 March 2024 6:43 pm

  Gold holds recent gains as focus shifts to US Inflation data

  

  Gold price clings to all-time highs and awaits US Inflation data for further action. The US CPI data will indicate whether the Fed gets confident that price stability is ensured. The US NFP report keeps hopes of a Fed rate cut in June alive.Gold price (XAU/USD) rally hit a pause …

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• 11 March 2024 4:49 pm

  U.S. Stock Futures Slightly Down as Investors Await Inflation Data

  

  Focus on Key Economic Indicators Shapes Market Sentiment U.S. stock index futures edged lower on Monday as market participants eagerly awaited crucial inflation data scheduled for release this week, which could offer insights into the Federal Reserve’s monetary policy trajectory following the mixed jobs report from last week. Mixed Economic …

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• 11 March 2024 3:59 pm

  Forex Overview: Yen Gains Momentum Amidst Prospects of Rising Interest Rates in Japan

  

  Bitcoin Hits New Record High, Dollar Remains Under Pressure The yen continued its ascent on Monday, buoyed by an upward revision in Japan’s growth figures, which fueled speculation that interest rates could see an increase this month. Meanwhile, bitcoin soared to a new record high above $71,600, adding to the …

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• 11 March 2024 3:03 pm

  Bitcoin Hits Record High as Regulatory Landscape Shifts

  

  Demand Surges as Regulatory Approvals Pave the Way Bitcoin, the leading cryptocurrency, achieved an unprecedented milestone on Monday, surpassing the $71,000 mark amidst a continued surge in demand for digital assets. Regulatory developments, including the recent announcement from Britain’s Financial Conduct Authority (FCA), have further propelled the cryptocurrency market forward. …

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• 11 March 2024 1:37 pm

  Forex Overview: USD Weakens Ahead of Inflation Data Amidst Fed Rate-Cut Speculation

  

  Early European Trading Reflects Dollar’s Slip In the early hours of European trade on Monday, the U.S. dollar continued its descent, hovering near two-month lows as market participants awaited crucial U.S. inflation data for insights into the timing of potential interest rate cuts by the Federal Reserve. Dollar Index Declines …

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• 11 March 2024 12:29 pm

  European Stocks Extend Losses Amid Global Market Weakness

  

  Continued Decline Mirrors Asian and Wall Street Trends European stock markets sustained losses on Monday, echoing the downward trajectory witnessed in Asian markets overnight and fueled by Friday’s downturn on Wall Street. The impending release of pivotal U.S. inflation data added to the prevailing apprehension among investors. European Indices Under …

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