Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2023

• 13 March 2023 1:17 pm

  The market impact of the SVB fallout? How? Why?

  

  Silicon Valley Bank, or SVB, was closed down by banking regulators on Friday after a dramatic, quick collapse, the second-largest bank failure in US history. SVB had only two days previously indicated that corporation was experiencing a cash problem. It initially sought to generate funds by selling shares, then it …

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• 13 March 2023 12:07 pm

  Oil prices are rising, supported by the recovery of Chinese demand

  

  Oil prices rose on Monday after a weak start as recovering Chinese demand and a weaker dollar supported a market wary of further hikes in US interest rates. By 0410 GMT, Brent crude futures rose 19 cents to $82.97 a barrel. West Texas Intermediate crude futures rose 20 cents, or …

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• 13 March 2023 11:45 am

  Nikkei index falls as banking stocks are affected by the collapse of Silicon Valley

  

  Japan’s Nikkei fell more than 1 percent on Monday, with banks leading the losses as investors fretted over the potential repercussions of the collapse of the US bank Silicon Valley. Automakers also fell under pressure from a strong yen, with Mitsubishi Motors leading the decline. The Nikkei index fell 1.11 …

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• 13 March 2023 4:34 am

  Financial Markets’ Weekly Recap, March 6-10

  

  Last week, as China seeks to intensify its efforts to reduce stubborn financial risks and technological bottlenecks during President Xi Jinping’s third term, the country kept the top leaders at the central bank and the Ministry of Finance unchanged.In the United States, a government study on Friday renewed hopes of …

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• 11 March 2023 4:19 am

  Market Drivers – US Session 10/03/2023

  

  When traders boosted their long holdings in response to the recent dip, WTI oil regained ground around the $77 mark. The American crude closed Friday’s trading at $76.68 per barrel.Brent oil’s price increased and got close to $83 per barrel. If the right catalysts manifest, the momentum may still grow …

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• 11 March 2023 3:52 am

  EUR/USD benefits from NFP, Germany’s high inflation data

  

  The Euro gains from a weaker dollar following the NFP and high inflation figures in Germany. The EUR/USD pair concluded the week with modest gains after reaching a two-week high at 1.0700. As the Silicon Valley Bank in the US declared bankruptcy, the market’s mood turned negative due to the …

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• 11 March 2023 1:46 am

  BoC’s future rate hikes gets support by latest jobs data

  

  While the employment growth in February was not as significant as in January, it was still somewhat more than expected, which is another sign that the Canadian economy will start 2023 with more strength than previously predicted.The increase in jobs this month was less pronounced than in prior months, but …

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• 10 March 2023 11:41 pm

  GBP/USD climbs on weaker US dollar post key NFP data

  

  The GBP/USD pair rallied almost 1% on Friday, following the US NFP data. Bulls struggle at the 200-day EMA, exacerbating a GBP/USD fall of 60 pips to current rates. GBP/USD recovers some ground getting ready to finish the week with minimal gains after bouncing off YTD lows at 1.1802, with …

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• 10 March 2023 10:44 pm

  Italy expected to issue new retail bonds before summer

  

  Italy’s Treasury is preparing to launch new bonds dedicated to small savers in an effort to increase retail investors’ holdings of the country’s huge debt.Rome is trying to find new bond buyers for its over 2.760 trillion Euro ($2.92 trillion) debt – proportionally the second highest in the Eurozone – …

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• 10 March 2023 9:43 pm

  Gold rises following US NFP data

  

  The precious metal was able to extend its gains during the American trading session, and the price of gold headed higher, touching a high of $1,842.55 immediately after the announcement of the US non-farm payroll data on the daily chart, after the release of the US jobs report for February, …

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• 10 March 2023 8:42 pm

  US stocks nosedive post US jobs data

  

  US stocks nosedived on Friday morning after the key jobs report (NFP Data) came in warmer than expected and jitters over troubles at Silicon Valley Bank continued to weigh on markets.The S&P 500 declined by 0.9%, while the Dow Jones Industrial Average edged down 0.5%. Contracts with the technology-heavy Nasdaq …

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• 10 March 2023 7:42 pm

  USD Index retreats to 104.10 on mixed US NFP

  

  USD Index weakens further post US Payrolls data. The Dollar Index extends its deflation to 3-day lows near 104.60. US yields drop further in the wake of the US jobs report. The US economy created more jobs than initially estimated in February.The dollar now loses further ground and breaks below …

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• 10 March 2023 5:53 pm

  US Nonfarm Payrolls rise by 311,000 in February

  

  The data published by the US Bureau of Labor Statistics (BLS) revealed on Friday that Nonfarm Payrolls rose by 311,000 in February. This reading came in much higher than the market expectation of 205,000 and followed January’s print of 504,000 (revised from 517,000). Further details of the jobs report showed …

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