Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2023

• 14 March 2023 11:03 pm

  After CPI reading, Bitcoin price climbs past $25,000

  

  From 6.4% in February 2023, the Consumer Price Index decreased to 6.0% year over year. It is anticipated that following the next FOMC meeting, interest rates will rise by 25 basis points. The cryptocurrency market responded favourably to the inflation rate as the price of Bitcoin increased to trade at …

  Read More »
• 14 March 2023 10:15 pm

  USD/CHF gains traction after CPI data

  

  USD/CHF is coming back to the downside after the latest CPI report, which jumped from 3.3% to 3.4% y/y. We can see an excellent turndown towards the lower support line. USD/CHF trims some of its Monday’s losses and shifts positively on Tuesday, gaining 0.47%. The USD/CHF is trading at 0.9151 …

  Read More »
• 14 March 2023 9:10 pm

  Gold expected to lose momentum on hawkish stance

  

  Despite trading at 1909.07 at the time of writing, the precious metal jumped to the highest in over a month. Economists see the yellow metal trading above $1,925 in the latter months of this year. Ironically, higher rates now are good for gold later on as they would drive rates …

  Read More »
• 14 March 2023 8:05 pm

  Binance suspends GBP transfers after crypto crackdown

  

  The World’s largest exchange is expected to suspend UK withdrawals amid increasing crypto scrutiny. Therefore, British customers of the world’s biggest cryptocurrency exchange will be unable to withdraw their money from the platform within months. Binance has been forced to suspend withdrawals to British bank accounts following pressure from regulators …

  Read More »
• 14 March 2023 7:14 pm

  Which companies are affected by SVB collapse

  

  SVB Financial Group, a startup-focused lender, became the largest bank to fail since the 2008 financial crisis last week, sending shockwaves across the global financial system and pushing authorities to step in to minimise the consequences. Concerns were also voiced that increasing interest rates would expose weaknesses in the global …

  Read More »
• 14 March 2023 6:21 pm

  Wall St gains as inflation data bolsters bets of smaller rate hike

  

  Wall Street’s main indexes surged on Tuesday as consumer prices in the world’s largest economy grew in line with expectations, supporting betting on the Federal Reserve raising interest rates by a lower amount at its next meeting. The Consumer Price Index (CPI) in the United States increased 0.4% in February, …

  Read More »
• 14 March 2023 5:17 pm

  Dollar gains after tepid U.S. consumer prices report

  

  The dollar nudged higher on Tuesday as consumer price data showed inflation continuing to rise but at a slower pace, in a widely anticipated result that might prompt the Federal Reserve to suspend or possibly halt interest rate hikes next week. The dollar index increased by 0.106%, while the euro …

  Read More »
• 14 March 2023 4:37 pm

  US annual CPI data declines to 6% in February as expected

  

  The US Bureau of Labor Statistics reported on Tuesday that inflation in the United States, as measured by the Consumer Price Index (CPI), declined to 6% on a yearly basis in February from 6.4% in January. This reading came in line with the market expectation. On a monthly basis, the …

  Read More »
• 14 March 2023 2:49 pm

  US expected to report strong consumer price increases in February

  

  Consumer prices in the United States are expected to rise at a solid pace in February, despite high rental housing costs, but economists are divided on whether the data will be enough to convince the Federal Reserve to raise interest rates again next week, following the failure of two regional …

  Read More »
• 14 March 2023 1:36 pm

  European stocks rise after 3 days of decline and bank stocks decline

  

  The European index rose on Tuesday, supported by the rise in interest rate-sensitive real estate and technology stocks, after a three-day sell-off in the wake of the collapse of the Silicon Valley bank that caused turmoil in the banking sector worldwide. The pan-European STOXX 600 was up 0.1% by 0813 …

  Read More »
• 14 March 2023 12:51 pm

  China reopens borders to foreign tourists for the first time since 2020

  

  China said it will reopen its borders to foreign tourists for the first time in three years since the outbreak of the COVID-19 pandemic, by re-issuing various types of visas from Wednesday, March 15. The lifting of this latest border measure, which was intended to protect against COVID-19, comes after …

  Read More »
• 14 March 2023 12:30 pm

  Asian markets are suffering on collapse of SVB and losses of US stocks

  

  Asia-Pacific markets fell during the session on Tuesday, March 14th, after sharp losses overnight on Wall Street as investors grappled with the fallout from the collapse of US banks, including SVB. In Japan, the Topix index led the losses and fell by 2.67%, and the Nikkei 225 index fell by …

  Read More »
• 14 March 2023 11:33 am

  Gold is settling above $1,900, amid hopes that interest rate hikes will stop after collapse of SVB

  

  Gold prices stabilized above the important $1900 level on Tuesday, amid expectations of a slowdown in the pace of the Federal Reserve raising interest rates after the collapse of two major regional banks in the United States, which increased the attractiveness of the non-yielding metal. And gold settled in instant …

  Read More »