Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2023

• 28 March 2023 6:36 pm

  UK Labour urges more partnership with EU, cautious on China

  

  While the UK Labour Party prepares for a closer connection with the EU if it wins the next election, Prime Minister Rishi Sunak asserts that the UK economy “will return to growth” and applauds the measures in the chancellor’s budget “that will help” to accomplish this. David Lammy, the opposition …

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• 28 March 2023 5:18 pm

  GBP edges up as BoE says no tension in UK banking system

  

  Sterling hovered around a two-month high on Tuesday as the Bank of England (BoE) said Britain was not experiencing stress linked to the demise of Silicon Valley Bank (SVB) and Credit Suisse. BoE Governor Andrew Bailey told parliament’s Treasury Committee in a hearing on SVB: “I don’t think that any, …

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• 28 March 2023 4:15 pm

  Futures edge lower as yields rise amid easing bank contagion fears

  

  U.S. stock index futures slipped on Tuesday as Treasury yields rose amid easing worries about a banking crisis following First Citizens BancShares’ U.S. regulator-backed deal for failed Silicon Valley Bank. Benchmark 10-year yields rose to 3.545%, weighing on growth stocks such as Apple Inc, Meta Platforms and Alphabet Inc in …

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• 28 March 2023 1:15 pm

  European stocks continue to recover as banking concerns ease

  

  European stocks rose on Tuesday as investors’ hopes of containing the banking crisis revived after a deal to take over the deposits and loans of the collapsed US bank Silicon Valley. The European Stoxx 600 index rose 0.7 percent by 0708 GMT, continuing the rise for the second day in …

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• 28 March 2023 12:26 pm

  Japanese stocks closed higher, supported by banking stocks

  

  Japanese stocks ended Tuesday’s trading higher, supported by the rise of bank stocks, following the easing of concerns about the global financial system after a deal in which First Citizens Bankers would acquire the assets of the collapsed US Silicon Valley Bank. The Nikkei index rose 0.15 percent to close …

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• 28 March 2023 11:53 am

  Oil moves within narrow range on supply concerns, banking sector fears

  

  Oil prices moved in a narrow range during early Asian trading on Tuesday, after rising in the previous session, as oil markets focused on developments in the banking crisis, concerns about supply, and indications of increased demand. Brent crude futures fell two years to $ 78.10 a barrel at 0018 …

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• 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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