Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2023

• 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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• 15 March 2023 11:24 pm

  SNB to Provide Credit Suisse With Liquidity If Necessary

  

  On Wednesday morning, new issues at Credit Suisse added to market anxieties, but by the afternoon, a Swiss regulator announced that the nation’s central bank would offer additional liquidity if required.Once its greatest sponsor decided it could no longer help, the European bank’s stock deteriorated by more than 20% and …

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• 15 March 2023 10:35 pm

  USD/CAD climbs on buoyant US dollar amid risk-aversion on Credit Suisse

  

  The USD/CAD climbs on market sentiment deterioration, as investors seeking safety bolstered the US Dollar. US Retail Sales were lower than expected, but prices paid by producers cooled. The pair rallies on safe-haven flows towards the American dollar sponsored by the US financial banking crisis woes threatening to spread around …

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• 15 March 2023 9:18 pm

  Risk aversion drags S&P 500 lower on banking contagion linked fears

  

  The major US Indexes; S&P 500, the Nasdaq 100, and the Dow Jones collapsed as the banking system crisis deepened. The US Producer Price Index cooled, while Retail Sales dropped after an outstanding January report.Investors anticipate that the Federal Reserve will maintain the Federal Funds Rate at its upcoming meeting. …

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• 15 March 2023 8:33 pm

  EUR/GBP falls to 0.8700 on expectations of less hawkish ECB

  

  Reacting to widespread market concerns over banking contagion, the EUR/GBP pair widens its losses. The mood on the market is starting to turn negative. The Euro is specifically penalized by this prior to the European Central Bank’s interest rate decision.As the UK Finance Minister Jeremy Hunt revealed the new budget …

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• 15 March 2023 7:39 pm

  Australia’s Employment Forecasts By Five Major Banks

  

  Australia is expected to report its February employment figures on Thursday, and as markets get closer to the release time, forecasts, from economists and researchers at five major banks regarding the upcoming employment data, are worth consideration.Australia is expected to have added 48.5K jobs versus the previous reading -11.5K in …

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• 15 March 2023 5:23 pm

  Oil fell on concerns of the banking sector

  

  Oil extended its losses on Wednesday, with Brent crude hitting a three-month low as concerns about Credit Suisse raised concerns in global markets, limiting the positive impact of expectations of a recovery in Chinese oil demand. Indications of a return to calm and stability faded after the National Bank of …

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• 15 March 2023 4:22 pm

  Turkey’s budget deficit is 170.6 billion liras in February following the earthquakes

  

  The Turkish Finance Ministry said on Wednesday that the Turkish government’s budget recorded a deficit of 170.56 billion liras ($8.99 billion) in February, showing the impact of the violent earthquakes that hit the southeast of the country last month. The ministry added that the core budget, which does not include …

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• 15 March 2023 3:06 pm

  ECB likely to stick to big rate hike despite banking turmoil

  

  Policymakers at the European Central Bank are leaning towards a half-point rate rise on Thursday, as the banking sector crisis subsides, the eurozone economy strengthens, and inflation is expected to remain too high for years. When the collapse of Silicon Valley Bank (SVB) in the United States sent vibrations across …

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• 15 March 2023 1:24 pm

  Energy Agency: Resuming China’s activities, air transport recovery increase oil demand

  

  The International Energy Agency said on Wednesday that global oil demand is rising slowly, but is about to receive a significant boost, thanks to the resumption of air traffic and the resumption of economic activities in China after the lifting of restrictions related to Covid-19. “Global oil demand growth started …

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