Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2023

• 16 March 2023 5:39 pm

  ECB hikes key rates by 50 basis points in March as expected

  

  The European Central Bank (ECB) announced on Thursday that it raised its key rates by 50 basis points (bps) following the March policy meeting, as expected.  With this decision, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility …

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• 16 March 2023 4:50 pm

  Weekly Initial Jobless Claims decline to 192K

  

  There were 192,000 initial jobless claims in the week ending March 11, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 212,000 and came in better than the market expectation of 205,000. Further details of the publication …

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• 16 March 2023 4:15 pm

  Oil regains some ground after Credit Suisse lifeline

  

  Oil prices recovered some ground on Thursday, rising from the previous session’s 15-month lows, as markets settled considerably after Swiss authorities threw Credit Suisse a financial lifeline. But, market mood remained weak, damaged by concerns about mounting stress on banks throughout the world, and both major crude benchmarks gave up …

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• 16 March 2023 2:35 pm

  European stocks rose as investor fears subsided after Credit Suisse received a financial aid

  

  European stocks rose Thursday, March 16th, as troubled Credit Suisse rose after receiving financial aid from the Swiss National Bank (SNB), easing some fears of a global banking crisis, although caution prevailed ahead of the European Central Bank’s interest rate decision. The Stoxx 600 index rose 0.9%, by 08:15 GMT. …

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• 16 March 2023 2:16 pm

  Credit Suisse leaps 33% at open on news of central bank support

  

  Credit Suisse stock jumped more than 30% at the outset in Zurich on Thursday, after the ailing lender’s receipt of a 50-billion-franc rescue line from the Swiss National Bank. Credit Suisse shares in Zurich were up 33% at CHF 2.25 (CHF 1 = $1.0811) at 04:15 ET (08:15 GMT). The …

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• 16 March 2023 12:40 pm

  ECB Preview: Forecasts from 5 major banks

  

  The European Central Bank (ECB) is set to announce its decision on monetary policy on Thursday, March 16 at 13:15 GMT and as we get closer to the release time, here are the expectations as forecast by the economists and researchers of 5 major banks. ECB is likely to hike …

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• 16 March 2023 11:51 am

  Japanese Nikkei index trims its losses after Credit Suisse’s measures to enhance liquidity

  

  Japan’s Nikkei index pared its losses on Thursday after hitting a near two-month low in a volatile session, after Swiss bank Credit Suisse announced plans to boost its cash position. This week witnessed sharp volatility in Japanese banks, which caused the Nikkei index to drop below 27,000 points for the …

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• 16 March 2023 11:21 am

  Credit Suisse to borrow up to $54 bln from Swiss National Bank

  

  Embattled Swiss lender Credit Suisse Group AG said on early-Thursday that it will exercise an option to borrow up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank under two loan facilities to shore up liquidity conditions. The bank said the option will include a covered loan facility, as …

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• 16 March 2023 10:30 am

  Oil is making up for some of its losses after falling to its lowest level in more than a year

  

  Oil prices rose in early Asian trade on Thursday, recouping some of the losses after hitting their lowest levels in more than a year in the previous session, as markets calmed somewhat after Swiss regulators’ decision to bail out Credit Suisse. And by 0107 GMT, Brent crude futures rose 85 …

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• 16 March 2023 2:33 am

  Market Drivers – US Session – 15/03/2023

  

  Under the looming shadow of the fears related to the banking industry, central banks are now in a more challenging position. Oil prices plunged more than $5 trading around $68.444 per barrel to their lowest in more than a year, meanwhile gold prices renewed their recent rally as investors sought …

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• 16 March 2023 2:03 am

  NZD/USD nosedives on big miss in New Zealand’s GDP

  

  Stats New Zealand released the further quarter Gross Domestic Product. New Zealand GDP SA (QoQ) Q4: -0.6% (est -0.2%; prev 2.0%). New Zealand’s dollar is getting smacked after softer local GDP data. NZ GDP was 2.2% y/y in Q4 vs 3.3% seen and down from 6.4% prior. Odds of an …

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• 16 March 2023 1:49 am

  Could Bitcoin gain land as a safe haven amid banking sector fears?

  

  Bitcoin’s price movement and stock market performance have diverged as a result of the banking collapse and the turbulent events of the past week. Experts noted the split in Bitcoin and evaluated whether the asset would begin trading as a flight from danger.Before correcting to the $25,100 mark, the price …

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• 16 March 2023 12:52 am

  Traders rush to US-listed options after Credit Suisse fears

  

  Traders and investors hastily flocked and piled into US-listed options on Credit Suisse at a record pace on Wednesday, as worries over the future of the beleaguered Swiss bank severely impacted its shares and added to existing concerns about instability in the banking sector.The volume of options on Credit Suisse …

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