Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2023

• 30 March 2023 10:43 pm

  US stocks make biggest moves midday

  

  US stocks pared back a rally as investors digested a round of comments from Federal Reserve officials suggesting more monetary tightening was needed to fight inflation even in the wake of turbulence in the banking sector. The S&P 500’s advance withered to 0.3% with financials again under pressure, while the …

  Read More »
• 30 March 2023 9:21 pm

  USD/CAD slips as risk appetite improves

  

  The USD/CAD pair approaches the 100-day EMA at 1.3520, yet shy of testing it. The US Bureau of Labor Statistics (BLS) reveals unemployment claims rise above estimates. The USD/CAD pair stumbles below the 50-day Exponential Moving Average (EMA) spurred by a risk-on impulse, as shown by Wall Street opening in …

  Read More »
• 30 March 2023 7:23 pm

  China-driven growth boost emerging assets despite bank worries

  

  When markets in the US and Europe are shaken by banking instability, a stronger Chinese-led growth in emerging markets will likely protect the equities, bonds, and currencies of many developing countries. But, weeks of market volatility brought on by bank collapses, rescues, and emergency government intervention could impact weak emerging …

  Read More »
• 30 March 2023 5:25 pm

  US: Real GDP grows at an annual rate of 2.6% in Q4

  

  The US Bureau of Economic Analysis (BEA) released its final estimate on Thursday, revealing that the US real Gross Domestic Product (GDP) increased at an annualised rate of 2.6% in the fourth quarter. This number was below than the 2.7% market forecast as well as the prior estimate. “The revision …

  Read More »
• 30 March 2023 4:53 pm

  U.S. weekly jobless claims climb to 198,000

  

  According to Labor Department figures released on Thursday, more Americans than anticipated last week filed for jobless benefits. Initial jobless claims that were seasonally adjusted for the week that ended on March 25 increased to 198,000 from an unrevised number of 191,000 the previous week. According to economists’ predictions, the …

  Read More »
• 30 March 2023 4:38 pm

  Market Overview: Wall St poised to join stocks advance

  

  When investors turned their attention to analysing their end-of-quarter positions, Wall Street prepared to follow the rise in global equities, which reached their highest level in three weeks on Thursday. This rise was supported by expectations that the crisis in the banking industry is resolved. Government bonds in the euro …

  Read More »
• 30 March 2023 2:32 pm

  European shares open at the highest level in two weeks

  

  European shares recorded their highest level in two weeks at the open on Thursday, after the rise of the Wall Street Stock Exchange in the evening affected by an unexpected increase in the profits of the Swedish retail giant H & M and the dispelling of concerns about pressures in …

  Read More »
• 30 March 2023 1:16 pm

  Gold compensates for its losses and rises with the decline of the dollar

  

  Gold prices reversed course and rose on Thursday after a slight decline in the dollar helped dampen risk appetite fueled by waning concerns about the global banking system. By 0738 GMT, spot gold rose 0.3 percent to $1,968.89 an ounce. US gold futures settled at $1984.70. The dollar index fell …

  Read More »
• 30 March 2023 11:58 am

  Japan’s Nikkei closed lower and technology stocks bucked the trend

  

  The Japanese Nikkei index closed lower on Thursday after gains for three consecutive sessions, with a group of stocks trading without the right to distribute profits, while losses were limited as technology shares followed the path of the rally on Wall Street overnight. The Nikkei index fell 0.36 percent to …

  Read More »
• 30 March 2023 11:04 am

  Gold is falling as concerns about banks recede

  

  Gold prices fell on Thursday as calming concerns about the global banking system increased risk appetite and curbed some attempts to buy the safe-haven metal. By 0346 GMT, spot gold fell 0.2 percent to $1,960.52 an ounce, down for a second session. US gold futures fell 0.4 percent to $1,977.00. …

  Read More »
• 30 March 2023 3:45 am

  Market Drivers – US Session 29/03/2023

  

  On Wednesday, the US Dollar Index (DXY) recovers while traders’ attention shifts to the looming US inflation data. The Forex market offers no clear signs ahead of crucial inflation data from the Euro Area and the US. The US Dollar is moving between gains and losses despite risk appetite. The …

  Read More »
• 30 March 2023 3:21 am

  What can Q4, banking concerns bring about to gold’s rally?

  

  At the time of writing, the price of gold is $1964.27 per ounce, up +0.77 cents and +0.04% from Tuesday’s closing price. For the first time since Russia’s invasion of Ukraine, the price of the precious metal has now surpassed $2,000 per ounce. Gold prices have reached $2,000 per ounce …

  Read More »
• 30 March 2023 1:31 am

  ECB’s Schnabel: Eurozone underlying inflation proving sticky

  

  According to Isabel Schnabel, ECB board member, the Eurozone’s underlying inflation is proving stubborn, increasing concerns that excruciatingly high price growth may become more enduring.Schnabel, on Wednesday, claimed that while a widening of corporate profit margins is also a primary cause of inflation, rapid nominal wage increases may be a …

  Read More »