Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2023

• 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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• 2 March 2023 8:28 pm

  Macy’s profits surpass expectations

  

  During the holiday quarter, Macy’s reported a higher profit than was anticipated. The owner of a US department shop claimed that it is preparing for a more unpredictable year. Also, Macy’s wants to expand its luxury division and add more non-mall outlets. The business said it attracted holiday shoppers searching …

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• 2 March 2023 7:28 pm

  EUR/USD Comes Under Additional Pressure

  

  The EUR/USD pair is trading at 1.0596 at the time of writing. It is noteworthy that the pair has come under weighty pressure and now is breaching 1.0600. Extra losses look likely while below the 55-day SMA at 1.0713. the pair quickly faded the Wednesday’s uptick and returns to the …

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• 2 March 2023 6:13 pm

  Companies are profiting from inflation, forcing the ECB to face a harsh truth

  

  Policymakers from the European Central Bank confronted some harrowing realities this week while huddling in a retreat in a remote Arctic village: businesses are benefitting from rising inflation while workers and consumers bear the cost. The dominant macroeconomic narrative over the last nine months has been that the 20 nations …

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• 2 March 2023 5:18 pm

  Euro falls against Dollar after inflation data in the eurozone

  

  The euro fell against the dollar on Thursday, after data showed that inflation in the euro zone is not as high as investors feared, after readings published by countries in the region during the past days. Eurozone inflation fell to 8.5 percent in February from 8.6 percent a month earlier …

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• 2 March 2023 4:11 pm

  Gold is falling with the strength of USD

  

  Gold prices are heading on Thursday to end a series of gains achieved over three sessions, pressured by the rise in the dollar and the possibility of the Federal Reserve conducting more interest rate hikes, which clouded the expectations of the prices of the yellow metal. And by 1030 GMT, …

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