Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2023

• 13 March 2023 6:50 pm

  Doctors in Britain take part in a three-day strike to protest low wages

  

  Thousands of UK-based and trainee doctors on Monday announced a three-day strike that will severely affect patient care to protest wages they say are very low. The strike is the latest in which workers in the state-funded National Health Service take part in Britain, after the strike by nursing staff, …

  Read More »
• 13 March 2023 4:51 pm

  Oil prices fell in light of market fears of banking crises

  

  Oil prices fell on Monday, as did stocks, as the collapse of the Silicon Valley bank raised fears of a new financial crisis, but the recovery in Chinese demand provided some support. By 1001 GMT, Brent crude futures fell $1.44, or 1.7 percent, to $81.34 a barrel. US West Texas …

  Read More »
• 13 March 2023 3:43 pm

  Dollar is falling with intervention to curb repercussions of the collapse of Silicon Valley bank

  

  The dollar fell today, Monday, as the US authorities intervened to curb the repercussions of the sudden collapse of the Silicon Valley Bank (SVB), as investors hoped that the Federal Reserve would follow a less hawkish monetary path. The US government announced a number of measures and said that all …

  Read More »
• 13 March 2023 1:59 pm

  European stocks fell amid continued selling of bank stocks

  

  European stocks fell on Monday, as banking stocks continued to decline in the region, despite the intervention of the authorities to limit the repercussions of the sudden collapse of Silicon Valley Bank. The pan-European Stoxx 600 index was down 0.6 percent by 0812 GMT, after closing at its lowest level …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 – …

  Read More »