Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2023

• 22 March 2023 10:05 pm

  Fed hikes interest rate by 25 basis points as expected

  

  The US Fed announced on Wednesday that it raised the policy rate, federal funds rate, by 25 basis points to the range of 4.75-5% following the March policy meeting. This decision came in line with the market expectation. Summary of Economic Projections, known as the dot plot, will shape how …

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• 22 March 2023 9:50 pm

  EUR/USD heading to 1.0800 resistance, supported eyed at 1.0770

  

  Prior to the Fed’s interest rate decision at 1400 ET/1800 GMT, the EUR/USD pair is seeing supply at the 1.08 barrier. Fed futures with implied inflation are pricing in a 25 basis point increase. The pair is trading at 1.0792 at the time of writing., up 0.25%. The market will …

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• 22 March 2023 8:58 pm

  How Much Tightening Could Fed’s Dot Plot Bring To Markets?

  

  The Fed is expected to hike interest rates by 25 basis points. The dot plot, or Overview of Economic Projections, will influence how the markets respond. The FOMC must strike a balance between dealing with inflation pressures and financial issues. The likelihood of a 25 bps increase this week is …

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• 22 March 2023 7:47 pm

  Gold’s surge favours any FOMC dovish signals to keep going

  

  Gold is trading at $1946.97 at the time of writing. If the Fed pauses their rate hiking campaign – then they will lose any credibility they had left. However, if the Fed cuts rates – that will look like a panic move, which could spark a bigger crisis.Gold price reaction …

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• 22 March 2023 6:08 pm

  SNB Preview: Acting with caution

  

  On Thursday, March 23, at 08:30 GMT, the Swiss National Bank (SNB) is scheduled to declare its Monetary Policy Decision. As the release time draws near, below are the predictions made by the economists and researchers of 5 major banks on the impending central bank’s Interest Rate Decision. Notwithstanding the …

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• 22 March 2023 5:18 pm

  Forex: Dollar eases as investors weigh up outlook for Fed

  

  Prior to the completion of the Federal Reserve’s policy meeting, when investors will be seeking for any indication of what could happen with interest rates given the upheaval in the banking sector, the dollar lingered at five-week lows on Wednesday. The most likely conclusion, according to the markets, is a …

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• 22 March 2023 4:24 pm

  UK factory price expectations fall to lowest since March 2021

  

  A gauge of British manufacturers’ inflation expectations fell to its lowest in two years after output slid again in the three months to March, the Confederation of British Industry’s (CBI)said on Wednesday. The CBI’s gauge of expected selling prices fell to +25 in March, the lowest since March 2021 and …

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• 22 March 2023 2:04 pm

  Russia confirms the reduction of oil production by about 500 thousand barrels per day

  

  Russian Deputy Prime Minister and Energy Minister Alexander Novak said, during press statements, today, Tuesday, that his country will continue to reduce crude oil production by about 500,000 barrels per day until the end of next June. The Russian minister added that his country is close to achieving its targets …

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• 22 March 2023 1:33 pm

  UK house prices rise 6.3% in 12 months to January

  

  British house prices rose by 6.3% in January from the same month in 2022, the Office for National Statistics (ONS) said on Wednesday. The rise was smaller than December’s downwardly revised 9.3% increase. London saw the weakest annual price rise of all English regions, with prices in the capital up …

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• 22 March 2023 1:03 pm

  European stocks cut a bullish wave

  

  A two-day recovery in European stocks stalled on Wednesday as investors awaited the outcome of the Federal Reserve’s monetary policy meeting after signs of problems in the banking sector raised hopes that the bank would follow a moderate approach in raising interest rates. And by 0811 GMT, the European Stoxx …

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• 22 March 2023 12:30 pm

  UK inflation rate unexpectedly rises to 10.4% in Feb

  

  British inflation unexpectedly rose to 10.4% in February, pushed up by higher food prices and pricier drinks in pubs and restaurants, official data showed on Wednesday, a day before the Bank of England announces its latest interest rate decision. Economists polled by Reuters had forecast that the annual CPI rate …

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• 22 March 2023 11:17 am

  Gold is moving in a narrow range amid anticipation of the US interest rate decision

  

  Gold prices moved in a narrow range on Wednesday, with some investors reluctant to trade pending the Federal Reserve’s decision on interest rates and a clearer picture regarding the future of monetary policy. Gold settled in spot transactions at $ 1940.11 an ounce by 0540 GMT, after falling 2 percent …

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• 22 March 2023 10:32 am

  Asian stocks surge as bank fears ease before Fed meeting

  

  Asian stock markets rose on Wednesday as investors flocked to bargain financial companies amid lessening banking crisis worries. Attention is now fully on a Federal Reserve interest rate decision later in the day. One of the top performers for the day was Japan’s Nikkei 225, which increased by more than …

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