Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2023

• 27 March 2023 9:49 pm

  BoE´s Bailey: Alert to any signs of persistent inflationary pressures

  

  Bank of England’s Andrew Bailey has said that the British central bank has to be very alert to any signs of persistent inflationary pressures.Key QuotesIf they become evident, further monetary tightening would be required. MPC´s response will be firmly anchored in the emerging evidence. Evidence has pointed to more resilient …

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• 27 March 2023 7:31 pm

  Wall Street gains as banking crisis worries ease after SVB deal

  

  Main indexes, on Wall Street, climbed on Monday as worries about the banking sector eased following a buyout deal for the deposits and loans of the collapsed US Silicon Valley Bank.The deal is about First Citizens’ acquisition of parts of Silicon Valley Bank which collapsed earlier in March in the …

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• 27 March 2023 6:34 pm

  ECB’s Centeno: Wage increases still compatible with monetary policy

  

  European Central Bank policymaker Mario Centeno said on Monday that the wage increase in the Eurozone is still compatible with the monetary policy and added that they are not observing and second round effect on wage-setting.“We haven’t seen de-anchoring inflation expectations,” Centeno further reiterated and noted that the ECB has …

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• 27 March 2023 5:59 pm

  Gold is falling amid rising stocks and investors’ assessment of banking risks

  

  Gold prices fell on Monday after the rise in stocks undermined the yellow metal’s attractiveness as a safe haven, while investors were assessing the steps taken by the authorities to allay fears of a crisis in the global banking system. Spot gold fell 1.4 percent to $1,949.99 an ounce by …

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• 27 March 2023 4:45 pm

  Oil production in Iraqi Kurdistan is threatened after Turkey halted exports through a pipeline

  

  Oil production in the semi-autonomous Kurdistan Region of Iraq is under threat after the halt in exports from the northern region forced companies operating there to pump crude to storage facilities with limited capacity. Iraq was forced to stop about 450,000 barrels per day of crude exports from the Kurdistan …

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• 27 March 2023 3:36 pm

  European stocks rise amid easing tensions related to the banking sector

  

  European stocks jumped on Monday as some calm returned to the markets after a week of turmoil over concerns about the stability of the banking sector following the collapse of Credit Suisse and two mid-sized US banks. The pan-European STOXX 600 rose 0.9 percent after news of a deal in …

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• 27 March 2023 2:55 pm

  First Citizens Agrees to Buy Collapsed Silicon Valley Bank

  

  First Citizens Bankers said on Monday that it would take over the deposits and loans of the collapsed Silicon Valley bank, concluding a chapter of a crisis of confidence that caused turmoil in global financial markets. In a separate statement, the Federal Deposit Insurance Corporation, which took control of Silicon …

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• 27 March 2023 1:11 pm

  Stability of USD amid continuing concerns about the banking crisis

  

  The dollar witnessed stability on Monday, while the yen hovered near its highest level in seven weeks, at a time when investors are assessing the measures taken by the authorities and regulators to calm concerns about the global banking system. The dollar index, which measures the performance of the US …

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• 27 March 2023 12:06 pm

  Oil rises as concerns about banking sector turmoil recede

  

  Oil prices rose in early trade on Monday as concerns about turmoil in the banking sector eased. Brent crude futures rose 33 cents, or 0.4 percent, to $75.32 a barrel by 0040 GMT. The price of US West Texas Intermediate crude was $69.65 a barrel, up 39 cents, or 0.6 …

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• 27 March 2023 6:27 am

  Financial Markets’ Weekly Recap 20 – 24 March 2023

  

  Financial markets witnessed a very volatile week as investors and traders tended to believe that officials’ efforts to calm banking turbulence would allay concerns that the 2008 financial crisis would recur. Recent central banker statements that sounded less hawkish are bolstering the cautious optimism. In particular, today’s light calendar and …

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• 25 March 2023 2:34 am

  Market Drivers – US Session 24/03/2023

  

  It is predicted that the EUR/USD will end the week with respectable gains of 0.89%. The US economy slowed down overall on Friday, according to mixed economic data. The goal of ECB officials is still to lower the Eurozone’s high inflation rates.Key DevelopmentsJoachim Nagel, the president of the Bundesbank, said …

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• 25 March 2023 1:45 am

  How have oil markets interpreted statements by Novak, US Energy Secretary

  

  WTI crude oil, which had fallen by 3% in earlier trading, reduced its losses by 2% to end at $69.215 per barrel, returning to levels that are not much higher than they were almost two years ago. To end the day at slightly under $75 a barrel, Brent crude fell …

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• 25 March 2023 12:41 am

  US stocks end volatile week in the green territory

  

  US stocks closed in positive territory on Friday after a volatile week following the Federal Reserve’s interest rate decision on Wednesday and further pressure in the banking sector. The S&P 500, which fell as much as 1% in early Friday trading, ended up 0.57%. The Dow Jones and technology-heavy Nasdaq …

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