Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2023

• 23 March 2023 4:26 pm

  BOE hikes policy rate by 25 bps to 4.25% in March

  

  Following its March policy meeting, the Bank of England (BOE) announced that it raised the policy rate by 25 basis points (bps) to 4.25% as expected. Two policymakers, Tenreyro and Dhingra, vote to keep the policy rate on hold at 4%. “If there were to be evidence of more persistent pressures, then …

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• 23 March 2023 2:10 pm

  Gold consolidates its gains amid bets on halting US interest increases

  

  Gold prices extended gains on Thursday after the Federal Reserve indicated that the end of the monetary tightening cycle may be on the horizon. Gold in the spot market rose 0.4 percent to $1,976.80 an ounce by 0910 GMT, while US gold futures rose 1.5 percent to $1,979.20. The dollar …

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• 23 March 2023 1:19 pm

  European stocks open lower after the US interest rate hike

  

  European stocks opened lower on Thursday, after a weak trading session on Wall Street the day before, when the Federal Reserve announced a widely expected rate hike of 25 basis points, and hinted it might suspend monetary tightening soon. The pan-European Stoxx 600 index was down 0.4% by 0808 GMT, …

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• 23 March 2023 12:09 pm

  Chinese tech stocks rise, Tencent surges on strong FY results

  

  Thursday saw gains in the majority of Chinese technology equities, with Tencent shares rising substantially after the internet giant reported stronger-than-expected annual results. Less aggressive signals from the Federal Reserve also helped to boost mood. Tencent Holdings Ltd. gained more than 6% to HK$368.40 per share and was poised for …

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• 23 March 2023 11:26 am

  Oil prices are falling as investors evaluate the US interest rate hike

  

  Oil prices fell on Thursday, following three sessions of gains, after Federal Reserve Chairman Jerome Powell renewed his commitment to curbing inflation, including possibly raising interest rates again. And by 0009 GMT, Brent crude futures fell 80 cents, or 1 percent, to $ 75.89 a barrel, and West Texas Intermediate …

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• 23 March 2023 7:02 am

  Market Drivers – US Session 22/03/2023

  

  Following the Fed’s decision on monetary policy, Wall Street finished lower after a turbulent session. The US Federal Reserve lifted rates by 25 basis points as predicted. When the Federal Reserve strikes a balance between rising inflation and banking instability, the tightening cycle is about to come to an end. …

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• 23 March 2023 12:58 am

  Less Hawkish Fed Pushes Silver, Gold , Copper Higher

  

  Following the Fed’s less hawkish announcement of its 25 bp interest rate hike on Wednesday, the price of silver surges upward. The Federal Open Market Committee Announcement noted “some additional policy firming,” and the dot plot median indicated one more hike. As a result, the Fed’s decision was largely anticipated.Prior …

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• 22 March 2023 11:20 pm

  Powell: Too early to say if recent effects change odds of soft landing

  

  FOMC Chairman Jerome Powell comments on the policy outlook after the Federal Reserve’s decision to raise the policy rate by 25 basis points to the range of 4.75-5% following the March policy meeting. Key Quotes “We have the tools to protect depositors when there is the threat to economy, and …

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• 22 March 2023 10:33 pm

  US Dollar Index sharply falls on FOMC decision

  

  In its policy statement, the US Federal Reserve dropped the reference to “ongoing increases” and said that some additional policy firming may be appropriate.The US Dollar Index sharply fell in an initial reaction to FOMC decision and was last seen losing 0.59% on the day at 102.579. Fed Policy Statement …

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• 22 March 2023 10:05 pm

  Fed hikes interest rate by 25 basis points as expected

  

  The US Fed announced on Wednesday that it raised the policy rate, federal funds rate, by 25 basis points to the range of 4.75-5% following the March policy meeting. This decision came in line with the market expectation. Summary of Economic Projections, known as the dot plot, will shape how …

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• 22 March 2023 9:50 pm

  EUR/USD heading to 1.0800 resistance, supported eyed at 1.0770

  

  Prior to the Fed’s interest rate decision at 1400 ET/1800 GMT, the EUR/USD pair is seeing supply at the 1.08 barrier. Fed futures with implied inflation are pricing in a 25 basis point increase. The pair is trading at 1.0792 at the time of writing., up 0.25%. The market will …

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• 22 March 2023 8:58 pm

  How Much Tightening Could Fed’s Dot Plot Bring To Markets?

  

  The Fed is expected to hike interest rates by 25 basis points. The dot plot, or Overview of Economic Projections, will influence how the markets respond. The FOMC must strike a balance between dealing with inflation pressures and financial issues. The likelihood of a 25 bps increase this week is …

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• 22 March 2023 7:47 pm

  Gold’s surge favours any FOMC dovish signals to keep going

  

  Gold is trading at $1946.97 at the time of writing. If the Fed pauses their rate hiking campaign – then they will lose any credibility they had left. However, if the Fed cuts rates – that will look like a panic move, which could spark a bigger crisis.Gold price reaction …

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