Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2024

• 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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• 27 March 2024 3:33 am

  Market Drivers; US Session, March 26

  

  The US Dollar Index bounced back from Monday’s losses, climbing back around 104.30. Key events to watch on Wednesday, March 27, include the Mortgage Applications report from the Mortgage Bankers Association (MBA) and a speech by Federal Open Market Committee (FOMC) member Christopher Waller.CurrenciesThe EUR/USD pair traded in a narrow …

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• 27 March 2024 3:20 am

  US Targets Russian Firms Breaching Sanctions

  

  Thirteen businesses and two individuals are under investigation by the US Treasury Department for allegedly assisting Russia in avoiding sanctions by using virtual money and technological services. Fintech, namely financial technology, companies that collaborated with Russian banks under sanctions to enable transactions and provide virtual currency solutions are the focus …

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• 27 March 2024 2:36 am

  US dollar rises, but still awaits fresh catalysts

  

  The February orders for durable goods performed better than anticipated. Data on housing revealed some decline. This week’s focus will be on the release of PCE figures for February on Friday. Tuesday’s trading saw gains in the US dollar Index, slightly higher against its rival currencies, circling around 104.20. The …

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• 27 March 2024 1:45 am

  Gold shines again on retreating T-yields

  

  As US Treasury yields decline and the US dollar fluctuates, gold prices climb. Treasury yields’ decline supports Gold’s rise, but the US Dollar Index’s slight increase opposes it. Tuesday’s US data was mixed, with lower consumer confidence and higher durable goods orders influencing the overall market sentiment. Although the price …

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• 26 March 2024 10:32 pm

  China Boosts Investor Confidence By Earlier Positive Data

  

  Facing the slowing economy, China is trying a new approach to manage public perception. They’re releasing positive economic data earlier than usual with the aim to boost investor confidence as well as paint a more optimistic outlook.This tactic debuted in January when Premier Li Qiang preempted the official announcement of …

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