Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2024

• 18 March 2024 1:22 pm

  European Stocks Open Slightly Higher Amidst Caution

  

  European stocks opened with modest gains on Monday, with the basic resources sector leading the way, albeit tempered by investor caution ahead of euro zone inflation data. Key Points Market Movement: The European STOXX 600 index rose 0.1 percent by 0816 GMT, with the basic resources sector experiencing the most …

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• 18 March 2024 12:33 pm

  Forex: Dollar Stabilizes Ahead of Central Bank Meetings Worldwide

  

  On Monday, the dollar steadied as traders braced for a week dominated by central bank meetings across the globe, with particular focus on policy developments in Japan and the United States. Bank of Japan’s Policy Shift Attention is squarely on the Bank of Japan, with indications suggesting a potential end …

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• 18 March 2024 11:47 am

  Nikkei Index Surges Amidst Anticipation of Bank of Japan Policy Changes

  

  On Monday, Japan’s Nikkei index rallied significantly, buoyed by investor optimism fueled by insights into potential changes in the Bank of Japan’s policy, expected to be unveiled on Tuesday. Key Highlights: Nikkei Performance: The Nikkei surged by 2.67 percent to close at 39,740.44 points, marking its most substantial daily gain …

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• 18 March 2024 11:19 am

  Japanese Yen Weakens Amid Speculation on Central Bank Policy Shift

  

  On Monday, the Japanese yen declined against a basket of global currencies in the Asian market, extending its losses against the US dollar for the fifth consecutive day. This downturn marked the yen’s lowest level in two weeks, coinciding with the commencement of the highly anticipated monetary policy meeting of …

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• 18 March 2024 10:13 am

  China’s industrial production rose more than expected in the first two months of 2024

  

  China’s Economic Data Surpasses Expectations Amid Growth Momentum China’s economic performance in the first two months of 2024 has exceeded analysts’ expectations, buoyed by robust retail sales, fixed asset investments, and industrial production, according to data released by the National Bureau of Statistics on Monday, March 18th. Key Data Highlights: …

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• 18 March 2024 9:59 am

  Oil Prices Advance Amid Supply Expectations and Geopolitical Tensions

  

  Oil prices continued their upward trajectory in early Asian trade on Monday, building on gains from the previous week driven by expectations of tightened supplies and heightened geopolitical tensions. Brent Crude Futures Climb, Extending Last Week’s Gains Brent crude futures for May delivery edged up three cents to $85.37 a …

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• 18 March 2024 9:28 am

  Gold Prices Retreat Amid Dollar Strength Ahead of Central Bank Meetings

  

  Gold prices experienced a decline on Monday as the dollar strengthened, with investors eagerly anticipating the outcomes of forthcoming monetary policy meetings at major central banks, notably the US Federal Reserve. Investors Await Federal Reserve’s Monetary Policy Decision By 0259 GMT, spot gold prices retreated by 0.4 percent to $2,147.89 …

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• 18 March 2024 5:44 am

  Weekly Recap: Surprising US Data Strengthens Case for Delaying Interest Rate Cuts

  

  Last week, the market’s attention was squarely fixed on a slew of US economic indicators, aimed at deciphering clues regarding future interest rate trajectories and the Federal Reserve’s timeline for ending its monetary tightening stance and initiating quantitative easing. However, the latest US data, particularly the Consumer Price Index, US …

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• 16 March 2024 12:14 am

  Why this week’s statements by Janet Yellen on inflation matter

  

  This week’s statements by Treasury Secretary Janet Yellen hold immense importance due to their impact on the US economy, financial markets, and public perception. Let’s dissect the context and delve deeper into why her words matter:Headline Inflation TrendsIn February, headline inflation fell to 3.2 percent year-over-year, a substantial improvement from …

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• 15 March 2024 11:26 pm

  Bitcoin’s Big Event: Halving Explained

  

  Bitcoin’s price has been surging recently, and with the upcoming “halving” event in April, there’s a lot of expectations about what it might mean for the future price of the most famous crypto asset. But what exactly is this halving, and how will it influence Bitcoin’s value? Scarcity Principle: Fewer …

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• 15 March 2024 10:45 pm

  Stock Market Falls on Inflation Worries Ahead of Fed Meeting

  

  The stock market closed lower on Friday, marking the second week of losses, in a row. This decline comes as investors remain concerned about inflation, with key data points earlier this week raising doubts about the Federal Reserve’s plans to loosen monetary policy. Market Recap • The S&P 500 dropped …

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• 15 March 2024 9:19 pm

  US dollar poised to close out winning week

  

  Dollar Eyes Weekly Win on Mixed Data, FOMC Meeting Looms LargeThe US dollar looks set to end the week on a high note, holding onto a gain of 0.12%. This comes despite mixed economic data, with weak consumer sentiment countered by stronger industrial production figures. The dollar Index (DXY) was …

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• 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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