Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2024

• 11 March 2024 11:41 am

  Gold Prices Hold Firm Below Record Highs Amid Inflation Anticipation

  

  Gold Maintains Strength Ahead of U.S. Inflation Data Gold prices exhibited resilience just below record highs in Asian trading on Monday, as market attention shifted towards eagerly awaited U.S. inflation figures. Investors awaited further indications on the timing of potential interest rate cuts by the Federal Reserve, which could significantly …

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• 11 March 2024 11:12 am

  Asian Stocks Slide Amidst U.S. Jitters

  

  Most Asian stocks dipped on Monday, mirroring the downturn in Wall Street, where apprehension loomed ahead of crucial U.S. inflation data. The prevailing sentiment was notably bleak in Japanese shares, which witnessed a sharp decline amid mounting speculation that the Bank of Japan (BOJ) is poised to increase interest rates. …

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• 11 March 2024 10:47 am

  Oil prices fell on concerns about slowing demand in China

  

  Oil prices on Monday extended last week’s losses on concerns about slowing demand in China, but continued geopolitical risks surrounding the Middle East and Russia limited the decline. By 01:29 GMT, Brent crude futures fell 48 cents, or 0.6 percent, to $81.60 per barrel, while US West Texas Intermediate crude …

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• 11 March 2024 5:29 am

  Financial Markets’ Weekly Recap: Gold gets brighter at historical levels as markets await key data

  

  Last week witnessed several important events and movements in terms of their impact on overall trading transactions. The week closed with a sharp decline in the US dollar in addition to weak performance of risk-linked assets amid mixed risk appetite due to the growing importance of the statements and data …

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• 9 March 2024 12:27 am

  Post-NFP Sentiment Pushes EUR/USD To Fresh High Before retreating

  

  Following the US NFP print, EUR/USD pair surged, although the markets were confused by conflicting data. Although the US NFP revealed an increase in jobs, sharp revisions have reduced risk appetite. On Friday, the EUR/USD pair got some breathing room and surged to a new weekly high close to 1.0980. …

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• 8 March 2024 11:56 pm

  US Stocks Retreat Following NFP Print

  

  US stocks retreated on Friday, closing out a choppy week as Nvidia’s incredible rally took a breather. The S&P 500 lost 0.65% to 5,123.69, while the Nasdaq Composite slipped 1.16% to 16,085.11. All three major indexes finished the week lower, with the broad S&P 500 pulling back by 0.26%, the …

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• 8 March 2024 10:42 pm

  US bond yields decline following wage growth slowdown

  

  Benchmark US Treasury bond yields declined at the end of Friday’s trading session following the employment data that painted a bleak picture of the labour market in the United States last February.Ten-year US Treasury bond yields fell to 4.080%, compared to the last daily close, which at 4.085%. The index …

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• 8 March 2024 9:07 pm

  Gold Price Soars on Rate Cut Expectations, Jobs Data

  

  Gold prices have been rising due to expectations for US rate cuts, geopolitical tensions, and China’s economic woes. Gold futures rose 1.04% to $2,182.55 per ounce at the time of writing, reflecting bullish sentiment in the gold market. The Chinese central bank’s gold purchases as well as the country’s domestic …

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• 8 March 2024 7:58 pm

  US Dollar stabilizes lower after upbeat NFP print

  

  The US dollar was expected to end the week at a significant loss, but on Friday it recovered some of its losses after the US Jobs report for February revealed an increase in unemployment and businesses’ reluctance to pay more for labour force. As of this writing, the US Dollar …

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• 8 March 2024 6:59 pm

  Could MFP data reinforce rate cut scenario?

  

  The US jobs data released on Friday revealed an improvement in the performance of the US economy in general during February, as labor market forces began to weaken with a decline in wage growth, which supports bets on interest rate cut by the Federal Reserve by June or even May …

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• 8 March 2024 6:28 pm

  US Nonfarm Payrolls Surpass Expectations, Unemployment Rate Rises

  

  The US Bureau of Labor Statistics (BLS) reported a robust increase in Nonfarm Payrolls (NFP) for February, exceeding market forecasts. However, certain indicators reflected mixed signals, with the Unemployment Rate climbing while wage inflation moderated compared to previous readings. Key Figures In February, Nonfarm Payrolls surged by 275,000, surpassing market …

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• 8 March 2024 3:17 pm

  European Stocks Open Steady Amid Caution Ahead of Key Economic Data

  

  European stocks commenced Friday’s trading session with a muted performance as a surge in energy stocks countered cautious investor sentiment ahead of pivotal economic data releases from both the euro zone and the United States. STOXX 600 Holds Steady The European STOXX 600 index remained stable as of 0816 GMT, …

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• 8 March 2024 12:31 pm

  Nikkei Ends Week Lower Amid Profit-Taking and Speculation on Bank of Japan’s Policy Shift

  

  Japan’s Nikkei index concluded the week on a lower note, experiencing profit-taking activities and heightened speculation surrounding the Bank of Japan’s potential departure from ultra-loose monetary policies, marking its first weekly decline in six weeks. Friday’s Market Performance The Nikkei index managed to close slightly higher on Friday, edging up …

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