Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2024

• 28 March 2024 1:12 am

  Baltimore Bridge Collapse Has Limited National Economic Impact

  

  Although the collapse of the Francis Scott Key Bridge in Baltimore is considered a significant setback, a number of experts believe that the US economy as a whole is unlikely to be severely damaged. Nonetheless, a thorough investigation of this incident’s effects is necessary.Impact on the Nation Mostly Controllable Minimal …

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• 28 March 2024 12:09 am

  EUR/USD finds support amid ECB dovish signals

  

  The EUR/USD pair found support despite the dovish move by the ECB and conflicting signals from Fed officials. ECB officials give a dovish tone to the policy outlook during wage inflation talks, hinting at a possible rate decrease in June. The US GDP and core PCE inflation numbers are anticipated …

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• 27 March 2024 11:20 pm

  Gold Surges on Fed Rate Cut Speculation, Traders Eying $2,200

  

  Wednesday’s North American session is witnessing a steady increase in gold prices as buyers aimed for $2,200. Investors purchased the yellow metal due to a quiet economic calendar in the US and growing rumours on a Fed rate cut in June. As of this writing, the XAU/USD pair is up …

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• 27 March 2024 10:31 pm

  US Treasury yields continue to retreat ahead of PCE data

  

  US Treasury bond yields are declining amid anticipation of key US inflation data, namely, the Personal Consumption Expenditures data, the most important, credible and reliable indicator for the Federal Reserve.PCE data in the United States will shed more light on price trends in the recent months, and thus will clarify …

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• 27 March 2024 10:03 pm

  Fed’s Waller: No rush to cut rates amid sticky inflation data

  

  Federal Reserve Governor Christopher Waller said on Wednesday that recent weak inflation data supports the case for Fed holding off on cutting its short-term interest rate target, per Reuters.The US Dollar Index attracts some buyers following the above hawkish comments. The DXY is trading 0.11% higher on the day at …

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• 27 March 2024 9:14 pm

  US Stocks See Reversal After Losing Streak

  

  Dow Jones Industrial Average surged by 0.7%, and the S&P 500 gained 0.4%. Following a losing streak and relative weakness that caused the major indices to retreat from their most recent record highs. Despite the recent pullback, all three indexes remain on track for a positive month and a winning …

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• 27 March 2024 6:45 pm

  Oil Traders Watch US Inventory Data Release

  

  Following the American Petroleum Institute’s (API) unexpectedly high data on US crude stocks, Prices of Brent crude oil futures are essentially unchanged trading at $85.63 per barrel on Wednesday. Spot Brent is trading up 0.17%, at $86.077 per barrel. WTI futures are trading at $81.170 per barrel, up 0.24%. Spot …

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• 27 March 2024 3:28 pm

  European Stocks Stable as Investors Await Economic Data

  

  European stock markets opened flat on Wednesday, maintaining their unprecedented high level from the previous session, as investors anticipated upcoming economic data releases. Here are the key highlights from the morning trading session: STOXX 600 Holds Near Record High The European STOXX 600 index settled at 511.07 points, remaining close …

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• 27 March 2024 1:11 pm

  Japanese Stocks Rise on Weaker Yen and Dividend Demand

  

  Japanese stocks closed higher on Wednesday, driven by a combination of factors including a weaker yen and increased demand for dividend-yielding stocks. Exporters Benefit from Weaker Yen The Nikkei index surged 0.9 percent to 40,762.73 points, supported by a decline in the yen to its lowest level since the mid-1990s. …

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• 27 March 2024 11:47 am

  Dollar Rises, Yen Hits 34-Year Low Amid Strong US Economic Data

  

  The dollar strengthened on Wednesday following robust US economic data, driving the Japanese yen to a 34-year low against the greenback. Here are the key developments impacting currency markets: The Japanese yen traded at 151.97 to the dollar during the Asian session, marking a 34-year low. This decline prompted concerns …

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• 27 March 2024 11:17 am

  Gold Prices Retreat Slightly Amid Dollar Strength

  

  Gold prices experienced a slight decline on Wednesday, largely driven by the strengthening of the US dollar. However, the precious metal traded within a narrow range as investors awaited further guidance from the US Federal Reserve. Here are the key highlights from today’s movements in the gold market: Gold Slips …

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• 27 March 2024 10:31 am

  Oil Prices Decline on Rising US Inventories and OPEC+ Production Policy Uncertainty

  

  Oil prices experienced a second consecutive day of decline on Wednesday, as concerns over increasing crude inventories in the United States and uncertainties regarding production policy among major producers weighed on market sentiment. Here are the key highlights from today’s oil market movements: Brent crude futures for May delivery fell …

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• 27 March 2024 4:04 am

  Trump’s Truth Social stock soars on its first day on Nasdaq

  

  Donald Trump’s social media platform, known as Truth Social soared on its first day of trading. The stock soared by roughly 50% after hitting the Nasdaq exchange under the ticker symbol DJT, but then dipped by the closing bell. The stock ultimately ended the day at $57.99, translating to a …

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