Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2023

• 22 March 2023 1:33 pm

  UK house prices rise 6.3% in 12 months to January

  

  British house prices rose by 6.3% in January from the same month in 2022, the Office for National Statistics (ONS) said on Wednesday. The rise was smaller than December’s downwardly revised 9.3% increase. London saw the weakest annual price rise of all English regions, with prices in the capital up …

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• 22 March 2023 1:03 pm

  European stocks cut a bullish wave

  

  A two-day recovery in European stocks stalled on Wednesday as investors awaited the outcome of the Federal Reserve’s monetary policy meeting after signs of problems in the banking sector raised hopes that the bank would follow a moderate approach in raising interest rates. And by 0811 GMT, the European Stoxx …

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• 22 March 2023 12:30 pm

  UK inflation rate unexpectedly rises to 10.4% in Feb

  

  British inflation unexpectedly rose to 10.4% in February, pushed up by higher food prices and pricier drinks in pubs and restaurants, official data showed on Wednesday, a day before the Bank of England announces its latest interest rate decision. Economists polled by Reuters had forecast that the annual CPI rate …

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• 22 March 2023 11:17 am

  Gold is moving in a narrow range amid anticipation of the US interest rate decision

  

  Gold prices moved in a narrow range on Wednesday, with some investors reluctant to trade pending the Federal Reserve’s decision on interest rates and a clearer picture regarding the future of monetary policy. Gold settled in spot transactions at $ 1940.11 an ounce by 0540 GMT, after falling 2 percent …

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• 22 March 2023 10:32 am

  Asian stocks surge as bank fears ease before Fed meeting

  

  Asian stock markets rose on Wednesday as investors flocked to bargain financial companies amid lessening banking crisis worries. Attention is now fully on a Federal Reserve interest rate decision later in the day. One of the top performers for the day was Japan’s Nikkei 225, which increased by more than …

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• 22 March 2023 9:54 am

  Oil falls after an unexpected increase in US crude inventories

  

  Oil fell in early Asian trading on Wednesday, trimming its gains for two consecutive days after a report showed US crude inventories rose unexpectedly last week in a sign of possible weak demand for fuel. Brent crude futures fell 48 cents, or 0.6 percent, to $74.84 a barrel at 0203 …

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• 22 March 2023 4:58 am

  Market Drivers – US Session 21/03/2023

  

  Wall Street indexes rose sharply on Tuesday ahead of the Federal Reserve decision, led by shares of regional banks. First Republic stock rose 29%. The Dow Jones gained 0.98%, and the Nasdaq advanced 1.58%. Banking fears keep easing, paving the way for more tightening from central banks. US Treasury Secretary …

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• 22 March 2023 3:45 am

  FOMC Decision Preview: March 22

  

  At the conclusion of its two-day meeting on Wednesday, the US Federal Reserve may attempt to shock the banking system back to life and avert a developing financial crisis by keeping interest rates unchanged. Jerome Powell As well as other senior officials have frequently assured the public that their drive …

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• 22 March 2023 12:19 am

  EUR/USD climbs above 1.0760 ahead of FOMC decision

  

  Ahead of the March policy meeting of the Federal Reserve, the EUR/USD remains stable above the 1.0740s. Policymakers at the ECB have remained preoccupied with banks and avoided discussing monetary policy. Traders anticipate a 25 basis point rate increase by the end of the FOMC’s March meeting, which is on …

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• 21 March 2023 10:59 pm

  EIA: Long-Term Growth in US Petroleum Exports

  

  With exports of petroleum products increasing between 2010 and 2022, the United States has emerged as a major energy supplier in the midst of Russia’s conflict in Ukraine, and the Energy Information Administration (EIA) anticipates this trend to continue.The average US petroleum product exports increased by 7% to 5.97 million …

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• 21 March 2023 9:57 pm

  US bank stocks surge after Yellen’s support

  

  Regional lenders bounced back Tuesday following the remarks by Treasury Secretary, ‘it’s our intention to remain vigilant in the days and weeks to come’ Yellen said.Regional bank stocks rebounded Tuesday as Treasury Secretary Janet Yellen pledged further assistance to depositors if needed and a second attempted rescue of troubled San …

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• 21 March 2023 8:49 pm

  USD/CAD benefits from Tuesday’s stronger US Dollar

  

  The US dollar gains momentum as US yields surge ahead of FOMC decision. On the data front; Canada’s CPI rose 0.4% in February, core up 0.5%. The USD/CAD pair’s support lies at 1.3650 with no change. The USD/CAD pair bottomed at 1.3643 following the release of Canadian inflation data, the …

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• 21 March 2023 7:53 pm

  Gold retreats below $1950 on higher Treasury yields

  

  Gold price drops on risk-appetite improvement, and US Treasury bond yields are surging. The US Treasury bond yields rise, with 10-year TIPS, a proxy for real yields advancing above 1.30%.The Federal Reserve will commence its two-day monetary policy meeting, expected to deliver a 25-bps rate increase. Gold price is tumbling …

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