Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2023

• 17 March 2023 3:04 pm

  The Kremlin: Russia decided to extend the grain agreement across the Black Sea by 60 days

  

  The Kremlin said on Friday that Russia had decided to extend the grain deal across the Black Sea for 60 days, echoing earlier statements by the Foreign Ministry. Ukraine stated that the agreement, which will expire soon, must be fully renewed under the current terms, which provide for an extension …

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• 17 March 2023 1:12 pm

  European stocks rose after the decline of investor concerns about the banking sector

  

  European stocks continued to recover for the second consecutive session on Friday, as measures taken by the United States and Europe to support banks calmed fears of an imminent collapse, but the European index was on track to record a decline for the second week in a row. The Stoxx …

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• 17 March 2023 12:13 pm

  Gold is heading for its best weekly performance since mid-November

  

  Gold prices rose on Friday, supported by the weakness of the dollar, and are preparing for the largest weekly gains since mid-November, as the global banking crisis prompted investors to turn to the metal, which is considered a safe haven. And by 0313 GMT, gold in instant transactions rose 0.5 …

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• 17 March 2023 10:47 am

  USD is falling as risk appetite improves

  

  The dollar fell on Friday as risk appetite improved after authorities and banks in key markets moved to ease pressure on the financial system, calming other major currencies that had fallen earlier in the week in the wake of banking turmoil. On Thursday, large US banks pumped $30 billion in …

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• 17 March 2023 10:16 am

  Oil rises 1% as investors reflect on the banking crisis

  

  Oil prices rose nearly 1 percent on Friday after a meeting between Saudi Arabia and Russia calmed markets amid expectations of strong demand in China, after a banking crisis led to heavy selling in global financial and oil markets this week. By 0400 GMT, Brent crude futures rose 81 cents …

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• 17 March 2023 4:50 am

  Market Drivers – US Session 16/03/2023

  

  Thursday witnessed a spike in stock market volatility. Indexes on Wall Street began the day in the red but ended the day up more than 1%. Nasdaq took the lead with a gain of 2.48%. Fears about systemic risk subsided, improving the market’s attitude. 11 of the biggest American banks …

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• 17 March 2023 2:46 am

  EUR/USD stabler on trimmed Fed-ECB policy gap

  

  While investors’ attention shifts to looming Fed policy decision, the EUR/USD pair is performing sideways over 1.0600. At the time of writing, the price of the pair is 1.0613. The ECB’s 50 bps increase in interest rates has reduced the gap between its own and the Fed’s policy stances. Following …

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• 17 March 2023 1:48 am

  NZD/USD firmly holds around 0.6190s ahead of US Consumer Sentiment

  

  The NZD/USD pair is subdued, around the 0.6190s ahead of Friday’s US economic data. The improved risk appetite on Thursday triggered the NZD/USD’s bounce from daily lows despite not good NZ GDP data.The NZD/USD pair is about to finish Thursday’s session flat after diving towards a daily low of 0.6139. …

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• 17 March 2023 12:36 am

  11 US banks deposit $30 billion into First Republic Bank

  

  In a short statement, the Federal Reserve, the Department of the Treasury, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) announced a massive deposit of 11 banks into the Frist Republic Bank. US markets are up on Thursday, with the Dow Jones …

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• 16 March 2023 11:42 pm

  Liquidators: FTX top officials wasted $3.2B

  

  According to new investigations in the FTX bankruptcy case, the liquidators of the cryptocurrency exchange-turned-hedge fund have revealed $3.2 billion in payments and loans made to Sam Bankman-Fried, the founder of FTX, and members of his close circle.The information was disclosed in the financial affairs statements and schedules of assets …

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• 16 March 2023 10:44 pm

  WTI advances on sentiment improvement as Saudi-Russia talks easing fears

  

  WTI crude oil is making gains after dropping 5% on Wednesday as a result of a risk-off impulse. As a result of the Swiss government supporting Credit Suisse, market sentiment improved.The American crude oil benchmark, supported by a risk-on impulse, recovers after falling to a 15-month low at about 65.72. …

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• 16 March 2023 8:24 pm

  Gold price watches for restoring markets’ calm

  

  At the time of writing, the price of gold is $1916.63 per ounce, making the future of the metal extremely unpredictable. The future of the precious metal is highly dependent on how fast and whether the market turbulence will abate, as well as whether the Fed will be able to …

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• 16 March 2023 7:52 pm

  ECB to decide several further rate hikes in future meetings

  

  The ECB hiked rates by 50 bps. Economists also believe that the ECB is still worried about the inflation picture and will continue hiking in the upcoming meetings.The ECB hiked rates by 50 bps despite ongoing market turbulence. The uncertain market situation led to the ECB not giving any signals …

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