Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2024

• 29 March 2024 2:20 am

  Market Drivers; US Session, March 28

  

  Due to hawkish comments made by Fed member Waller, which implied that the US central bank would maintain rates at their present, restrictive levels for an extended period of time, the US dollar strengthened on Thursday. Bond rates for the near term rose, and the stock markets continued their upward …

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• 29 March 2024 12:52 am

  Treasury yields close Q1 with significant gains

  

  The US government debt rates saw their largest quarterly increases in at least six months as the shortened session came to a finish on Thursday.During the first quarter, the benchmark 10-year Treasury yield and the 30-year rate increased by 33.2 basis points and 31.7 basis points, respectively, to 4.192% and …

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• 29 March 2024 12:34 am

  ECB’s Dilemma: Balancing Rates, Economic Risks

  

  The European Central Bank (ECB) cannot afford to ignore the economic dangers connected to an extended period of high interest rates, according to Governing Council member Francois Villeroy de Galhau. Villeroy, on the other hand, says that the ECB ought to start cutting rates during one of its next meetings.Dual …

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• 28 March 2024 11:48 pm

  Gold Touches Record High Amid Upbeat US Data

  

  The price of gold has unexpectedly surged to an all-time high of $2,225, despite challenges from rising Treasury yields and a strong US dollar. Gold keeps rising in spite of hawkish remarks made by Federal Reserve (Fed) Governor Christopher Waller and positive U.S. economic data.Gold RalliesGold achieved the remarkable $2,225 …

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• 28 March 2024 11:31 pm

  North America Trading Witnesses Rare Simultaneous Rise in US Stocks, USD

  

  Thursday’s trading witnessed a rare occurrence in financial markets as both US stocks and the US dollar are rising simultaneously. This phenomenon sheds light on the surge in risk-linked assets and a key safe-haven asset concurrently.This simultaneous rise is infrequent and typically result from a powerful event signaling significant influence …

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• 28 March 2024 9:38 pm

  PCE Preview: Forecasts by seven major banks, inflationary pressure still high

  

  The US Bureau of Economic Analysis (BEA) will release the Core Personal Consumption Expenditure (PCE), the favoured inflation gauge of the Fed, on Friday, March 29 at 12:30 GMT. As the release date approaches, the following are the projections from academics and economists at seven major banks.It is expected that …

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• 28 March 2024 7:46 pm

  Bidenomics, Trump’s Approach Clashing Early in Elections’ Year

  

  A strong ideological debate concerning economic policy is currently taking place in the United States, with Senator J.D. Vance of Ohio and former President Donald Trump leading the battle as they adopt the populist economics sparking a great deal of excitement as well as anxiety and concern. However, what does …

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• 28 March 2024 6:49 pm

  Oil Prices Rebound as OPEC+ Expected to Maintain Production Cuts

  

  Oil prices regained ground on Thursday, reversing two consecutive sessions of decline, as investors anticipated tighter supplies amid expectations that the OPEC+ producer alliance would continue with its current production cuts. Brent crude futures for May climbed $1.23, or 1.4%, to reach $87.32 a barrel, while the June contract rose …

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• 28 March 2024 6:43 pm

  Aussie Clings to Support as US Dollar Retreats Despite Strong US Data

  

  On Thursday, the Australian dollar found brief support around the $0.6500 level, despite continuing downward trends. The upwardly revised US economic growth data made little to change the downtrend, as the US Dollar declined from a six-week high.The Reserve Bank of Australia’s (RBA) recent interest rate hikes have made Australia’s …

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• 28 March 2024 5:48 pm

  US Initial Jobless Claims Decline to 210,000

  

  The latest weekly data published by the US Department of Labor (DOL) on Thursday revealed that initial jobless claims for the week ending March 23 totaled 210,000. This figure marked a decline from the previous week’s revised print of 212,000 (initially reported as 210,000) and surpassed market expectations, which had …

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• 28 March 2024 5:17 pm

  U.S. Q4 GDP Growth Revised Upward to 3.4%

  

  The United States economy exhibited stronger-than-previously-reported growth in the fourth quarter of 2023, propelled by robust consumer spending and increased business investment in nonresidential structures, according to the latest data from the Commerce Department’s Bureau of Economic Analysis. Gross domestic product (GDP) expanded at an annualized rate of 3.4% in …

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• 28 March 2024 5:16 pm

  After Bitcoin, which crypto assets are expected to see insane run?

  

  Crypto analysts are bullish on Chainlink coin (LINK) in the aftermath of the successful collaboration between Chainlink Labs and ANZ Banking Group. While Bitcoin and Ethereum dominate headlines with unprecedented surges, Chainlink’s growing adoption in traditional finance could lead to a significant price surge.ANZ’s RoleANZ streamlined the acquisition of tokenized …

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• 28 March 2024 4:59 pm

  Japanese PM Kishida Stresses Importance of Maintaining Accommodative Monetary Policy

  

  Japanese Prime Minister Fumio Kishida emphasized on Thursday the necessity for the central bank to uphold accommodative monetary conditions, underscoring the government’s commitment to supporting economic recovery and defeating deflation. In a news conference, Kishida affirmed that the government would sustain close coordination with the Bank of Japan (BOJ) to …

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