Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2024

• 19 March 2024 3:07 pm

  German Investor Sentiment Surges on ECB Expectations

  

  In a positive turn of events, German investor morale witnessed a notable uptick in March, fueled by expectations of an interest rate cut by the European Central Bank (ECB) and encouraging signs emerging from China, as reported by the ZEW economic research institute on Tuesday. Key Highlights from ZEW Report …

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• 19 March 2024 1:12 pm

  European Stocks Steady Amid Sectoral Shifts Ahead of Key Economic Data

  

  European stock markets exhibited subdued trading on Tuesday, with losses in technology shares counterbalancing gains in consumer staple stocks, setting the stage for a mixed performance. The pan-European STOXX 600 index saw a marginal decline of 0.1% by 8:24 GMT, with a notable 0.6% downturn in technology shares. Economic Data …

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• 19 March 2024 11:28 am

  Japanese Shares Surge as Bank of Japan Ends Negative Interest Rates

  

  Japanese equities soared on Tuesday, propelled by the Bank of Japan’s widely anticipated decision to terminate eight years of negative interest rates. This landmark move marked Japan’s first policy tightening since 2007, signaling a significant departure from its prolonged era of ultra-easy monetary policy. BOJ’s Paradigm Shift: From Ultra-Easy Policy …

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• 19 March 2024 10:54 am

  Gold Prices Nudge Down Ahead of Fed Meeting

  

  In the Asian trading session on Tuesday, gold prices experienced a slight dip, although they maintained a position above crucial support levels. This trajectory unfolded amidst a prevailing cautious sentiment towards precious metals, particularly in anticipation of a pivotal Federal Reserve meeting slated for later in the week. Gold’s Resilience …

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• 19 March 2024 7:19 am

  Strong Housing Data Pushes US Dollar Higher Ahead of FOMC Decision

  

  Positive signs emerged from the US housing market as both Housing Starts and Building Permits in February surpassed expectations. This data bolstered the US Dollar Index (DXY) which climbed to its highest point since early March, currently hovering around 104.00; specifically 0.05% up at 103.836.All eyes are now on the …

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• 19 March 2024 2:52 am

  Market Drivers – US Session, March 18

  

  The US Dollar kicked off the week on a strong note, fueled by rising US Treasury yields and diminishing expectations of an interest rate cut by the Federal Reserve in June. This greenback surge weighed on riskier assets, pushing the Euro (EUR/USD) below 1.0900, a multi-day low.The Dollar Index (DXY) …

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• 19 March 2024 2:28 am

  Standard Chartered Raises BTC Price Forecast for 2024

  

  Standard Chartered raised anticipation regarding Bitcoin’s price during the remaining months in 2024, the bank sees the new estimate on the back of exchange-traded funds, broadly known as ETFs, driven positive market conditions. The bank previously predicted that Bitcoin could hit $100,000 by year-end. The current estimate is even higher …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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