Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2023

• 14 March 2023 2:29 am

  Market Drivers – US Session 13/03/2023

  

  The SVB collapse drove US stock markets to monthly lows. The Nasdaq managed to recover and gained 0.45%, while the Dow Jones lost 0.28% and the S&P 500 fell by 0.15%. The VIX rose 6% after pulling back during the second half of the US trading session. Crude Oil prices …

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• 14 March 2023 1:55 am

  Crypto assets pulling a 180 after Fed’s relief package over banking crisis.

  

  The ripple effect of the ongoing collapse in the US banking sector is expected to trigger a panic selling if Tuesday’s CPI reading in the United States comes in hotter than expected.ApeCoin and dYdX are two altcoins that are likely to face a massive selloff this week. Things are getting …

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• 14 March 2023 12:42 am

  WTI price impacted by US banking fears

  

  The US crude oil benchmark dropped more than 2% on risk-off impulse, with a bank crisis in the United States raising fears for a possible contagion amid accelerating talk about the potential domino effect. Chinese demand recovers to put a lid on WTI’s fall. At the time of writing, WTI …

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• 13 March 2023 10:49 pm

  EUR/USD advances ahead of US CPI

  

  The EUR/USD pair is running higher into potential resistance. All eyes are now focusing on the Federal Reserve, European Central Bank, and Tuesday´s US Consumer Price Index, CPI. The pair up by over 0.9% in midday trade on Wall Street aided by a weaker US dollar and ahead of the …

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• 13 March 2023 9:41 pm

  Upon Signature Bank, SVB collapses, Wall Street divided about the Fed’s next move.

  

  The collapse of Signature Bank and SVB has economists divided on whether it would affect the Fed’s decision to hike interest rates later this month. Policymakers are now dealing with financial panic and persistent inflation.The debate started late Sunday with anticipations that the Fed won’t raise rates at the conclusion …

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• 13 March 2023 8:41 pm

  AUD/USD soaring amid catastrophic SVB bank crisis

  

  The AUD/USD pair starts the trading week positively, trading at 0.6716 at the time of writing, up by 2.11% on the day.SVB bank’s catastrophe has shed heavy clouds on the banking sector while the consequences of the Fed’s rate hike decision support the pair. AUD/USD currency pair opens the first …

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• 13 March 2023 7:23 pm

  NY Fed: Year-ahead expected inflation drops to 4.2% in February

  

  The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations showed on Monday that the US consumers’ one-year inflation expectation dropped to the lowest level since May 2021 at 4.2% in February, compared to 5% in January.Further details of the publication showed that the three-year ahead expected inflation …

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• 13 March 2023 6:50 pm

  Doctors in Britain take part in a three-day strike to protest low wages

  

  Thousands of UK-based and trainee doctors on Monday announced a three-day strike that will severely affect patient care to protest wages they say are very low. The strike is the latest in which workers in the state-funded National Health Service take part in Britain, after the strike by nursing staff, …

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• 13 March 2023 4:51 pm

  Oil prices fell in light of market fears of banking crises

  

  Oil prices fell on Monday, as did stocks, as the collapse of the Silicon Valley bank raised fears of a new financial crisis, but the recovery in Chinese demand provided some support. By 1001 GMT, Brent crude futures fell $1.44, or 1.7 percent, to $81.34 a barrel. US West Texas …

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• 13 March 2023 3:43 pm

  Dollar is falling with intervention to curb repercussions of the collapse of Silicon Valley bank

  

  The dollar fell today, Monday, as the US authorities intervened to curb the repercussions of the sudden collapse of the Silicon Valley Bank (SVB), as investors hoped that the Federal Reserve would follow a less hawkish monetary path. The US government announced a number of measures and said that all …

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• 13 March 2023 1:59 pm

  European stocks fell amid continued selling of bank stocks

  

  European stocks fell on Monday, as banking stocks continued to decline in the region, despite the intervention of the authorities to limit the repercussions of the sudden collapse of Silicon Valley Bank. The pan-European Stoxx 600 index was down 0.6 percent by 0812 GMT, after closing at its lowest level …

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• 13 March 2023 1:17 pm

  The market impact of the SVB fallout? How? Why?

  

  Silicon Valley Bank, or SVB, was closed down by banking regulators on Friday after a dramatic, quick collapse, the second-largest bank failure in US history. SVB had only two days previously indicated that corporation was experiencing a cash problem. It initially sought to generate funds by selling shares, then it …

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• 13 March 2023 12:07 pm

  Oil prices are rising, supported by the recovery of Chinese demand

  

  Oil prices rose on Monday after a weak start as recovering Chinese demand and a weaker dollar supported a market wary of further hikes in US interest rates. By 0410 GMT, Brent crude futures rose 19 cents to $82.97 a barrel. West Texas Intermediate crude futures rose 20 cents, or …

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