Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2023

• 21 March 2023 3:15 am

  S&P Experts: Fed won’t abandon inflation battle on US bank collapses.

  

  On Tuesday, S&P analysts think it is doubtful that the failure of several US banks will prevent authorities from continuing their efforts to control inflation.The global rating agency also mentioned that the decision to write off Credit Suisse’s AT1 bonds may contribute to a higher cost of capital for banks.On …

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• 21 March 2023 2:19 am

  EUR/USD oscillates above 1.0700 ahead of Fed’s policy

  

  The EUR/USD pair is trading at about 1.0722 and is aiming towards 1.0750 as risk appetite among investors has improved. To regain market participants’ confidence, the Fed may decide to postpone further rate increases. ECB Lagarde affirms that the exposure of Eurozone banks to Credit Suisse was measured in millions …

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• 21 March 2023 1:34 am

  Bulls advance on GBP/USD chart

  

  Bulls have entered the GBP/USD pair on identical highs, while Bears are hiding, and 1.2200 is a crucial support. Investors’ rushing flight to safety around the most recent revelations in the banking industry has eased, and GBP/USD has risen over the 1.22 level for the first time since early February. …

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• 21 March 2023 12:23 am

  French administration narrowly avoids a vote of no confidence

  

  Only nine votes separated the French National Assembly from rejecting a motion of no confidence in President Emmanuel Macron’s administration. With 278 votes, the motion received the 287 necessary to pass.The proposal to raise the retirement age from 62 to 64 is being met with stiff resistance from Macron’s government. …

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• 20 March 2023 11:04 pm

  US Stocks on hopes for banking crisis to ease

  

  US stocks rose Monday, as traders grew hopeful that a crisis in the banking sector may be easing. The gains followed a forced takeover of Credit Suisse by UBS engineered by the Swiss government.The Dow Jones Industrial Average gained 330 points, or `%. Meanwhile, the S&P 500 rose 0.7%, while …

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• 20 March 2023 9:33 pm

  Gold’s rally fades on failure to sustain key technical resistance

  

  Improved market sentiment on Monday reduces demand for the safe-haven assets, including gold. This is preventing the Gold Index (XAU/USD) from powering higher. However, market’s overall confusion could soon resurface if the Fed fails to convince investors this week that the worst is over in terms of financial instability.Gold price …

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• 20 March 2023 8:45 pm

  Lagarde: Eurozone banks’ exposure to Credit Suisse is in € millions, not billions

  

  European Central Bank President Christine Lagarde told European Parliament’s Committee on Economic and Monetary Affairs on Monday that Eurozone banks’ exposure to Credit Suisse was in Euro millions, not billions. Key Quotes The ECB is “fully equipped to provide liquidity support to the euro-area financial system if needed”. “The European …

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• 20 March 2023 7:29 pm

  Why is Fed seen stuck between a rock and a hard place?

  

  As US inflation is still high and as the banking sector encounters difficulties, and as both facts necessitate and demand opposite responses, the Fed is widely seen as stuck between a rock and a hard place ahead of FOMC meeting. Fed Chair Jerome Powell is still required to continue the …

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• 20 March 2023 5:48 pm

  Wall St opens mixed on bank fears, rate-hike pause hopes

  

  As investors evaluated a state-backed acquisition of Credit Suisse and the likelihood that the Federal Reserve would leave interest rates unchanged this week, Wall Street’s major indexes began neutral on Monday. The Dow Jones Industrial Average rose 10.35 points, or 0.03%, at the open to 31,872.33. The S&P 500 opened …

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• 20 March 2023 4:09 pm

  European stocks fell, with banking shares falling after the acquisition of Credit Suisse

  

  European stocks fell on Monday, with Credit Suisse shares losing more than 60 percent after UBS agreed to buy its struggling rival in a $3 billion deal, undervaluing Credit Suisse well and raising fears of a banking crisis. wide range. The STOXX 600 European shares fell 0.8 percent by 0807 …

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• 20 March 2023 2:42 pm

  Oil falls by more than two dollars due to fears of banking sector turmoil

  

  On Monday, oil prices fell to a 15-month low amid fears that turmoil in the global banking sector could lead to a recession that would dampen demand for oil, as well as fears of a possible hike in interest rates in the United States this week. Brent crude futures for …

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• 20 March 2023 1:13 pm

  Yen is recovering as fears of contagion from banking crisis grow

  

  The safe-haven yen rebounded after early sharp declines and the risk-sensitive Australian and New Zealand dollars turned losses as early optimism about global authorities’ efforts to contain a banking crisis ebbed. The Japanese currency, which is particularly sensitive to long-term Treasury bond yields, recovered from sharp losses of 0.6 percent …

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• 20 March 2023 12:23 pm

  Nikkei index closed at a two-month low

  

  Japan’s Nikkei index closed at its lowest level in two months on Monday, as fears of a recession and a possible crisis in the global banking sector led to the sale of risky assets despite a deal reached over the weekend to save the Swiss Bank Credit Suisse. The Nikkei …

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