Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2023

• 3 March 2023 5:17 pm

  Oil is stable and is heading to record weekly gains

  

  Oil prices stabilized today, Friday, on their way to recording weekly gains, as renewed optimism about the recovery of demand from China offset the impact of growing recession fears due to the increase in US crude inventories and tightening monetary policy in Europe. And by 0936 GMT, Brent crude futures …

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• 3 March 2023 3:50 pm

  Britain extends subsidies on energy bills for 3 months

  

  British finance minister Jeremy Hunt is set to extend subsidies for household energy bills for three months after April, the Times reported on Friday, in a move that should ease cost-of-living pressures in the country. It is scheduled to cut government support starting next month, which means that average annual …

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• 3 March 2023 2:05 pm

  German exports grew in January thanks to strong US demand

  

  Data on Friday showed German exports grew more than expected in January, rising 2.1 percent month-on-month after declining in December, thanks to strong demand from the United States and Britain. A Reuters poll had expected exports to rise 1.5 percent month on month. The data showed that exports to the …

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• 3 March 2023 1:12 pm

  European stocks rose in early trading, thanks to the technology sector

  

  European stocks opened higher on Friday, supported by the rise in interest-sensitive technology stocks, as investors flocked to riskier assets after comments from a Federal Reserve official that the US central bank may temporarily stop tightening monetary policy. The Stoxx Europe 600 index rose 0.5 percent in early trading, with …

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• 3 March 2023 12:08 pm

  The Nikkei index closed at its highest level in about 3 months

  

  Japan’s Nikkei share average closed at its highest level in nearly three months on Friday after US stocks ended higher overnight. The Nikkei index rose 1.56 percent to close at 27,927.47 points, its highest since December 15 and its biggest daily gain since January 18. The index rose 1.73 percent …

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• 3 March 2023 12:07 pm

  Annual inflation in Turkey fell to 55.18% in February

  

  Official data showed on Friday that annual inflation in Turkey fell slightly to 55.18 percent in February, which was less than expected, following violent earthquakes that hit the southeast of the country and killed more than 45,000 people less than a month ago. The Turkish Statistical Institute said consumer prices …

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• 3 March 2023 11:39 am

  US Dollar is heading for its first weekly loss since January

  

  The dollar fell from the highest level in two and a half months against the yen on Friday, and headed towards recording its first weekly loss since January against other major currencies, as dealers try to determine the course of the Federal Reserve’s monetary policy. The yen, which is particularly …

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• 3 March 2023 4:11 am

  Market Drivers – US Session 02/03/2023

  

  Following US economic data and rising US yields, the American currency reversed previous losses and managed to gain some strength. Even in the face of a late Wall Street rally, the dollar continued to gain ground. The 30-year yield rose beyond 4%, and the 2-year reached new multi-year highs at …

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• 3 March 2023 3:47 am

  USD/CHF struggles at three-month ahead of key ISM Services PMI

  

  The multi-day high recorded by the USD/CHF pair has been broken, and the US dollar bulls have lost pace. The rates on US Treasury bonds support a positive tendency by rising to a new multi-day high before declining from the most recent peak.As the crucial PMI numbers is looming, the …

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• 3 March 2023 1:54 am

  ECB may raise rates by 50 basis points in March and May.

  

  The next meeting by ECB’s policymakers will take place on March 16. Experts do anticipate that the central bank’s deposit rate will peak at 4% following increases of 50 basis points in both March and May and 25 basis points in both June and July.analysts have revised their predictions for …

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• 3 March 2023 12:18 am

  Bostic hints at Fed’s potential rate hike pause by mid to late summer

  

  By mid- to late-summer, according to Federal Reserve Bank of Atlanta President Raphael Bostic, the US central bank may be able to halt the current tightening cycle. Although he supports a rate increase of 25 basis points in March, he cautioned that monetary policymakers are “monitoring” incoming data that shows …

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• 2 March 2023 11:07 pm

  Gold at crossroads ahead of US Services PMI

  

  Gold price breaks out of descending parallel channel as market mood improves. US Dollar selloffs are halted by rising US Treasury bond yields. ISM Services PMI release is still awaited by investors to gain fresh impulse on the direction of the Gold Index XAU/USD. Gold price opened the year at …

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• 2 March 2023 9:20 pm

  Fed’s Collins: More rate hikes are required to curb inflation

  

  Federal Reserve Bank of Boston President Susan Collins said on Thursday that more rate hikes are required to bring inflation back in control. She added that the extent of interest rate hikes will be determined by incoming data.Collins’ comments were not surprising as she reiterated previous statements by Fed policymakers …

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