Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2023

• 28 March 2023 6:08 am

  Market Drivers – US Session 27/03/2023

  

  The week has generally started off quietly and optimistically on the financial markets. Due to a lack of any significant economic news during the US session on Monday, the Dollar Index (DXY) seemed unable to gain from higher T-yields.Key Developments On Monday, the DXY lost gains and fell under 103.00 …

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• 28 March 2023 5:52 am

  Is gold’s comeback difficult amid higher Treasury yields?

  

  In an effort to break a two-day downturn, the price of gold is slightly bid lately. Treasury bond rates rise as a result of easing bank problems, but not all bond bears are siding with XAU/USD bulls. The hesitation of Federal Reserve policymakers to support rate increases boosts the risk-on …

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• 28 March 2023 4:29 am

  Ethereum attempts to cope with Bitcoin ahead of Shanghai upgrade

  

  Ethereum’s large wallet investors have been buying ETH tokens consistently for the past week. The total value locked in the Ethereum deposit contract hit a new all-time high ahead of the Shanghai upgrade which is less than a month away. The Ethereum network has seen a resurgence in demand from …

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• 28 March 2023 2:23 am

  Fed’s Jeffereson: Lowering persistent components of inflation will take time

  

  Fed’s Philip Jefferson said on Monday, “The Fed is ‘still learning’ how much impact its interest rate increases have had on the economy and inflation.”“Inflation ‘has started to come down,’ with some of that due to tighter monetary policy and some due to other factors such as improving global supply …

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• 28 March 2023 12:59 am

  USD/CAD bears run into key daily support, correction eyed

  

  The move into previous support that fulfils a 61.8% ratio is what the USD/CAD bulls eye. On the horizon is Tuesday’s budget due date for Canada. As the commodity complex picks up a bid, which is reducing stress in the banking industry and fueling an increase in oil prices, USD/CAD …

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• 27 March 2023 10:57 pm

  EUR/USD rebounds on risk-on impulse, weaker USD

  

  The EUR/USD pair recovers on Monday despite Monday’s higher Treasury bond yields. It had fallen over the previous two days. The risk-on impulse of Monday supported the Euro at the expense of the US Dollar.The EUR/USD pair hit a daily low of 1.0744 during a quiet trading day in the …

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• 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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