Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2024

• 15 March 2024 7:34 pm

  Gold encounters first weekly loss amid rate bets, geopolitical tensions

  

  Gold prices experienced their first weekly decline in four weeks on Friday March 15. The Gold Index lost -0.21% to trade at $2157.14 per ounce, as at the time of writing.This shift comes after data revealed concerns on US inflation, causing investors to reconsider their expectations for a Federal Reserve …

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• 15 March 2024 6:39 pm

  ECB’s Lane Signals Potential Rate Change On Easing Labour Market Pressures

  

  The European Central Bank’s chief economist, Philip Lane, hinted at a possible shift in monetary policy during a lecture at Imperial College Business School in London on Friday. His comments highlighted a potential easing of tight job market, which has been a key concern for the ECB in recent years.ECB’s …

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• 15 March 2024 3:52 pm

  Global Stocks Pause Amid Inflation Concerns: Weekly Market Recap

  

  Global stocks are poised to conclude the week with a subdued performance, following seven consecutive weeks of gains, as hotter-than-expected U.S. inflation data cast doubts on the timing and frequency of future interest rate cuts by the Federal Reserve. U.S. Inflation Data Dampens Rate Cut Expectations MSCI’s global equity index …

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• 15 March 2024 2:50 pm

  Dollar Poised for Weekly Gains Amid Central Bank Anticipation

  

  The US dollar (USD) remained steady against the British pound (GBP) on Friday, as investors turned their attention to a series of highly anticipated central bank meetings scheduled for the upcoming week. Meanwhile, the Japanese yen (JPY) saw a slight decline amidst speculation surrounding potential shifts in monetary policy. Market …

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• 15 March 2024 1:04 pm

  European Shares Show Muted Activity Yet Head for Weekly Gains

  

  European shares maintained a subdued stance on Friday, balancing strength in the telecommunications sector against a broader sell-off in global equities triggered by hotter-than-expected U.S. inflation figures, which dampened expectations of a June rate cut. Telecom Sector Strength Counters Equities Sell-off The pan-European STOXX 600 index remained flat, as of …

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• 15 March 2024 12:17 pm

  Oil Prices Poised to Finish Week Approximately 4% Higher

  

  In a week marked by market fluctuations, oil prices showcased remarkable resilience, driven by optimistic forecasts from the International Energy Agency (IEA) and unexpected shifts in U.S. inventory levels. IEA’s Optimistic Forecast Spurs Confidence The week began with a notable uptick in market sentiment following the IEA’s revision of its …

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• 15 March 2024 4:22 am

  US Dollar Rises After Russian Nuclear Weapon relocation

  

  Russia has relocated its tactical nuclear weapons from its boundaries into Belarus, a neighbouring country that is several hundred miles closer to NATO territory. This was confirmed by Western officials to Foreign Policy. This development was a reaction to NATO’s support of Ukraine, which has led Russian President Vladimir Putin …

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• 15 March 2024 2:05 am

  Explainer: What can Yield curve reveal about looming FOMC decision?

  

  With a shorter-term note (2-year) yielding higher than a longer-term note (10-year), the curve on Friday, March 8, might have been steeper than normal. This could indicate market expectations of Fed to refrain from interest rate cut in March in order to avoid falling in a recession. The Treasury yield …

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• 15 March 2024 1:36 am

  Market Drivers – US Session, March 14

  

  The US dollar rallied this week, fueled by positive economic data. Inflation data and the recent labour market conditions in the United States pushed the USD Index to new multi-day highs above 103.445.The USD Index (DXY): Strong gains continue, breaking past 103.00 on robust inflation and labor data. Keep an …

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• 15 March 2024 12:15 am

  GBP/USD Weakens as US Data Fuel Interest Rate Worries

  

  The GBP/USD slipped around 1.2745, losing 0.06% on the day. US Retail Sales rose 0.6% month-over-month in February from -1.1% in January, worse than expected. BoE’s Bailey said central bankers turned to the question of how long they needed to keep rates high as inflation eased. Investors will focus on …

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• 14 March 2024 11:13 pm

  ECB’s de Guindos: Wages still a risk, but inflation on track

  

  Late on Thursday, European Central Bank Vice President Luis de Guindos gave reporters his assessment of the ECB’s probable decision to lower interest rates by the second half of the year.Key Quotesde Guindos sees the European economy picking up in the second half of the year.The ECB should have sufficient …

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• 14 March 2024 9:14 pm

  Treasury Yields surge following PPI, Retail Sales

  

  US Treasury yields jump as inflation report cools expectations for immediate Fed rate cuts. February’s Retail Sales rebound highlights consumer spending strength despite falling short of forecasts.Producer Price Index (PPI) data and lower-than-expected jobless claims reinforce views of strong economic activity.US Treasury yields made a significant leap on Thursday, a …

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• 14 March 2024 7:34 pm

  Sterling weakens as PPI data improves dollar’s safe-haven appeal

  

  The Pound Sterling fell against the US Dollar in early New York due to hot US Producer Price Index data for February, which dampened the appeal of risk-sensitive assets. The GBP/USD pair dropped as investors’ risk appetite eased on the expectation that the US PPI would reinforce fears that the …

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