Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2024

• 19 March 2024 1:59 am

  Oil Soars on Mounting Supply Concerns, WTI Hits 16-Week High

  

  Oil prices are rallying, reaching their highest point since last November. West Texas Intermediate (WTI), a leading indicator for American crude, surpassed the $82 per barrel mark for the first time in months.This surge is fueled by escalating concerns about a potential oil shortage. Despite record output from non-OPEC nations …

  Read More »
• 19 March 2024 12:53 am

  RBA Rate Decision: Holding Steady Amid Tax Cuts, Uncertain Fed Stance

  

  The Reserve Bank of Australia (RBA) is set to announce its interest rate decision on Tuesday, March 19th, 2024, at 2:30 PM Sydney time. This decision will be closely watched by businesses, borrowers, and investors for its impact on the Australian economy.Market Expectation: Holding ScenarioFinancial markets overwhelmingly anticipate the RBA …

  Read More »
• 18 March 2024 11:37 pm

  US Stock Market Rebounds Led by Tech Surge

  

  The stock market closed higher on Monday, reversing recent losses, particularly in the tech sector. This shift came as investors awaited developments in artificial intelligence (AI) and upcoming guidance from the Federal Reserve. Market Gains: All major indices rose. The Dow Jones Industrial Average gained 0.2%, the S&P 500 climbed …

  Read More »
• 18 March 2024 10:54 pm

  Gold Inches Upward as Investors Eye Cautious Fed Move

  

  Gold prices edged higher on Monday, reflecting market prudence ahead of pivotal events including the highly anticipated FOMC meeting on Wednesday. The yellow metal (XAU/USD) gained roughly 0.2% in early New York afternoon trading, finding support near the technical level of $2150. At the time of writing, the precious spot …

  Read More »
• 18 March 2024 9:26 pm

  US Dollar Starts Policy Decision’s Week with Gains

  

  The dollar is seeing gains ahead of FOMC decision. The DXY Index is 0.16% up on the day, trading at 103.612 at the time of writing. As for the broader context for this performance, FOMC decision will attempt to maintain balancing between inflation and growth.Despite recent gains, the DXY remains …

  Read More »
• 18 March 2024 6:48 pm

  Canadian Dollar Braces for Busy Week: Central Banks in Focus

  

  The Canadian Dollar began the new trading week cautiously on Monday, as investors are preparing for a whirlwind of policy decisions by central banks around the world, which could significantly impact the Loonie’s price action. The Loonie is 0.04% up on the day, trading at 1.354 at the time of …

  Read More »
• 18 March 2024 5:49 pm

  Anticipation Peaks Ahead of BoJ’s March Meeting: A Potential Policy Shift Looms

  

  As the world watches, all eyes are on the Bank of Japan (BoJ) ahead of its March meeting scheduled for tomorrow, Tuesday. Market sentiment is rife with growing expectations that the BoJ might herald the end of negative interest rates, marking a significant departure from the prolonged era of quantitative …

  Read More »
• 18 March 2024 3:49 pm

  Oil Prices Rise Amid Escalating Ukraine-Russia Conflict

  

  Oil benchmark Brent edged close to the $86 per barrel threshold on Monday, building upon gains from the previous week, as Ukraine intensified attacks on Russian energy infrastructure. Key Points: Brent Crude Performance: Brent crude oil futures for May delivery rose by 62 cents, or 0.7%, reaching $85.96 a barrel …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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: …

  Read More »