Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2023

• 31 March 2023 2:58 am

  Gold Benefits from Thursday’s Softer US Dollar

  

  A lower US dollar and predictions of falling interest rates have helped to support the price of gold. The US Dollar index was down 0.4% at 102.20, making gold prices denominated in dollars more appealing. On Thursday, XAU/USD fluctuated between a low of $1,955 and a high of $1,984.36 before …

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• 31 March 2023 2:38 am

  EUR/USD defends 1.0900 ahead of German Retail Sales

  

  The EUR/USD pair has held onto and defended the 1.0900 support as investors see more rate hikes from the ECB. Solid wage growth and labor shortage led to a jump in monthly German inflation. The EUR/USD pair is trading at 1.0903 at the time of writing.S&P500 futures continued their upside …

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• 31 March 2023 12:50 am

  GBP/USD surges towards the psychological 1.24 level

  

  The 1.24 region is the target for the bulls in the GBP/USD market. The most important US inflation data will be released on Friday for traders. The GBP/USD exchange rate was last up 0.65% at 1.2391 after fluctuating between a low of 1.2293 and a high of 1.2392. at the …

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• 31 March 2023 12:33 am

  Dow jumps more than 100 points on easing banking fears

  

  With a gain of 0.57%, the S&P 500 finished at 4,050.83. The broad market index reached its highest point since March 7 throughout the day. The Nasdaq Composite rose 0.73% to close at 12,013.47 as investor interest in tech equities remained high. To close at 32,859.03, the Dow Jones Industrial …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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