Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2024

• 28 March 2024 11:31 pm

  North America Trading Witnesses Rare Simultaneous Rise in US Stocks, USD

  

  Thursday’s trading witnessed a rare occurrence in financial markets as both US stocks and the US dollar are rising simultaneously. This phenomenon sheds light on the surge in risk-linked assets and a key safe-haven asset concurrently.This simultaneous rise is infrequent and typically result from a powerful event signaling significant influence …

  Read More »
• 28 March 2024 9:38 pm

  PCE Preview: Forecasts by seven major banks, inflationary pressure still high

  

  The US Bureau of Economic Analysis (BEA) will release the Core Personal Consumption Expenditure (PCE), the favoured inflation gauge of the Fed, on Friday, March 29 at 12:30 GMT. As the release date approaches, the following are the projections from academics and economists at seven major banks.It is expected that …

  Read More »
• 28 March 2024 7:46 pm

  Bidenomics, Trump’s Approach Clashing Early in Elections’ Year

  

  A strong ideological debate concerning economic policy is currently taking place in the United States, with Senator J.D. Vance of Ohio and former President Donald Trump leading the battle as they adopt the populist economics sparking a great deal of excitement as well as anxiety and concern. However, what does …

  Read More »
• 28 March 2024 6:49 pm

  Oil Prices Rebound as OPEC+ Expected to Maintain Production Cuts

  

  Oil prices regained ground on Thursday, reversing two consecutive sessions of decline, as investors anticipated tighter supplies amid expectations that the OPEC+ producer alliance would continue with its current production cuts. Brent crude futures for May climbed $1.23, or 1.4%, to reach $87.32 a barrel, while the June contract rose …

  Read More »
• 28 March 2024 6:43 pm

  Aussie Clings to Support as US Dollar Retreats Despite Strong US Data

  

  On Thursday, the Australian dollar found brief support around the $0.6500 level, despite continuing downward trends. The upwardly revised US economic growth data made little to change the downtrend, as the US Dollar declined from a six-week high.The Reserve Bank of Australia’s (RBA) recent interest rate hikes have made Australia’s …

  Read More »
• 28 March 2024 5:48 pm

  US Initial Jobless Claims Decline to 210,000

  

  The latest weekly data published by the US Department of Labor (DOL) on Thursday revealed that initial jobless claims for the week ending March 23 totaled 210,000. This figure marked a decline from the previous week’s revised print of 212,000 (initially reported as 210,000) and surpassed market expectations, which had …

  Read More »
• 28 March 2024 5:17 pm

  U.S. Q4 GDP Growth Revised Upward to 3.4%

  

  The United States economy exhibited stronger-than-previously-reported growth in the fourth quarter of 2023, propelled by robust consumer spending and increased business investment in nonresidential structures, according to the latest data from the Commerce Department’s Bureau of Economic Analysis. Gross domestic product (GDP) expanded at an annualized rate of 3.4% in …

  Read More »
• 28 March 2024 5:16 pm

  After Bitcoin, which crypto assets are expected to see insane run?

  

  Crypto analysts are bullish on Chainlink coin (LINK) in the aftermath of the successful collaboration between Chainlink Labs and ANZ Banking Group. While Bitcoin and Ethereum dominate headlines with unprecedented surges, Chainlink’s growing adoption in traditional finance could lead to a significant price surge.ANZ’s RoleANZ streamlined the acquisition of tokenized …

  Read More »
• 28 March 2024 4:59 pm

  Japanese PM Kishida Stresses Importance of Maintaining Accommodative Monetary Policy

  

  Japanese Prime Minister Fumio Kishida emphasized on Thursday the necessity for the central bank to uphold accommodative monetary conditions, underscoring the government’s commitment to supporting economic recovery and defeating deflation. In a news conference, Kishida affirmed that the government would sustain close coordination with the Bank of Japan (BOJ) to …

  Read More »
• 28 March 2024 3:42 pm

  U.S. Stock Futures Flat Ahead of Easter Break

  

  U.S. stock index futures remained subdued on Thursday amid light trading activity ahead of the Easter break, as investors awaited additional data to assess the Federal Reserve’s policy direction on the final business day of a robust first quarter. The three main indexes were poised for significant quarterly gains, driven …

  Read More »
• 28 March 2024 3:07 pm

  U.S. Dollar Gains on Hawkish Fed Comments; Euro and Sterling Weaken

  

  In European trading on Thursday, the U.S. dollar strengthened following hawkish remarks from a Federal Reserve official, while disappointing economic data weighed on the euro and sterling. At 05:30 ET (09:30 GMT), the Dollar Index, which measures the dollar against a basket of six other major currencies, traded 0.3% higher …

  Read More »
• 28 March 2024 1:41 pm

  German Unemployment Rises Less Than Expected in March

  

  The latest data from the Federal Labour Office revealed that the number of unemployed individuals in Germany saw a modest increase in March, falling short of analysts’ expectations. According to the figures released on Thursday, the number of unemployed individuals grew by 4,000 in seasonally adjusted terms, reaching a total …

  Read More »
• 28 March 2024 1:19 pm

  European Stocks Nudge Upward Ahead of Easter Weekend Break

  

  European equities saw a modest uptick at the opening bell on Thursday, marking a positive start as investors prepared for the long Easter weekend hiatus. The pan-European STOXX 600 index edged 0.1% higher, hitting a new record high by 0823 GMT. This gain signals the index’s potential for a second …

  Read More »