Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2024

• 25 March 2024 9:32 pm

  Fed Optimistic, Recession Unlikely in Coming Years

  

  The US central bank appears optimistic about the country’s economy in the near future. According to the Fed’s most recent forecasts, monetary policymakers do anticipate that the US economy would grow healthily in 2024, 2025, and 2026—beyond initial estimates. Experts generally share this outlook. According to the head economist at …

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• 25 March 2024 6:28 pm

  Oil Soars on Russia output decision

  

  At the beginning of the week, oil prices surged by more than 1.30%, with WTI Oil finding support at $80.63. The US Dollar Index is a little weaker but still trades above 104.00. Russia faces issues from sanctions and drone attacks from Ukraine on Russian refineries and storage facilities, while …

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• 25 March 2024 3:01 pm

  Forex Overview: USD Retreats as Focus Shifts to Inflation Data and Fed Speeches

  

  The U.S. dollar kicked off the new week on a subdued note, relinquishing some of its gains from the previous week, as traders awaited the release of pivotal inflation figures alongside further insights from Federal Reserve policymakers. At 05:20 ET (09:20 GMT), the Dollar Index, measuring the greenback against a …

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• 25 March 2024 1:41 pm

  European Stocks Steady Amidst Holiday Atmosphere, Central Bank Sentiments

  

  European equities opened the holiday-shortened week with marginal changes as investors assessed recent robust gains fueled by accommodative stances from major central banks. The STOXX 600 index edged down by a mere 0.02% on Monday, lingering just below the record highs reached last week. While travel and leisure sectors showed …

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• 25 March 2024 12:36 pm

  Bitcoin Price Surges Beyond $67k Amid Focus on ETF Inflows and Upcoming Halving

  

  Bitcoin Rises, Fueled by ETF Flows and Halving Anticipation Bitcoin experienced a notable recovery on Monday, regaining some of the losses incurred last week, as steady capital inflows into exchange-traded funds (ETFs) and anticipation of the upcoming “halving” event boosted the sentiment surrounding the world’s largest cryptocurrency. Bitcoin surged by …

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• 25 March 2024 11:20 am

  Asian Stocks Waver as Investors Brace for Key Economic Data

  

  Asian stocks showed mixed performance on Monday, with most markets trading in a flat-to-low range as investors awaited crucial economic indicators scheduled for later this week. Japan’s Nikkei 225 index retreated from record highs, while Chinese stocks remained largely flat amid concerns over potential US export restrictions and positive signals …

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• 25 March 2024 10:33 am

  Oil prices rise amid growing concerns about supplies

  

  Oil Prices Inch Up Amid Global Supply Concerns Early Asian trading on Monday saw a modest rise in oil prices, driven by mounting worries over global supply shortages amidst escalating conflicts in the Middle East and the ongoing Russia-Ukraine war. Additionally, a decline in the number of American oil exploration …

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• 25 March 2024 6:30 am

  Financial Markets’ Weekly Recap: Fed, Inflation Data in Focus

  

  Global inflation-linked concerns, lest it should return to the previous highs, continue to reveal themselves in the context of the precautionary rhetoric adopted by major central banks worldwide. In practice, monetary policymakers have announced, through formal decisions, their intention to keep interest rates “higher for longer”, an important tool, until …

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• 23 March 2024 2:17 am

  US Stocks Notch Weekly Gains

  

  The US equity market witnessed volatility on Friday, resulting in a three-quarters of a percent decline in the Dow Jones and the S&P 500 retreating, -0.14%, around 0.6 percent, the market was testing down. With real estate down about 1.25% and the financial sector down 1.21% on the day, the …

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• 23 March 2024 1:38 am

  EUR/USD declines for second successive day

  

  The shared currency weakened against the US Dollar for the second day in a row, ending the week near its lowest point since early March.The Euro fell as much as 1.3% during North American trading earlier on Friday. But it was able to regain some of its losses, closing at …

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• 23 March 2024 12:00 am

  Gold prices pressured by rallying US dollar

  

  Gold has been declining since the beginning of daily trading on Friday, under pressure from the rise in the US dollar, which continues to benefit from the positive US data that was released on Thursday.The US manufacturing PMI rose to its highest level in three years this March. US home …

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• 22 March 2024 10:41 pm

  Eurozone expects economic recovery amid declining inflation

  

  Leaders of the European Union and the eurozone are cautiously hopeful about the upcoming economic recovery. The decreasing rates of inflation are the main driver of this optimism. They admitted that “economic activity is subdued in the near term” in a statement issued on Friday, but they also said that …

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• 22 March 2024 9:54 pm

  US Dollar rallies ahead of next week’s PCE data

  

  Despite dovish comments by Fed’s top official as well as declining US Treasury yields, investors are placing their bets on the easing cycle starting by June. At a solid 104.428, the US Dollar Index (DXY) is now trading at its highest point since mid-February. Data projections for the start of …

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