Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2023

• 16 March 2023 2:16 pm

  Credit Suisse leaps 33% at open on news of central bank support

  

  Credit Suisse stock jumped more than 30% at the outset in Zurich on Thursday, after the ailing lender’s receipt of a 50-billion-franc rescue line from the Swiss National Bank. Credit Suisse shares in Zurich were up 33% at CHF 2.25 (CHF 1 = $1.0811) at 04:15 ET (08:15 GMT). The …

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• 16 March 2023 12:40 pm

  ECB Preview: Forecasts from 5 major banks

  

  The European Central Bank (ECB) is set to announce its decision on monetary policy on Thursday, March 16 at 13:15 GMT and as we get closer to the release time, here are the expectations as forecast by the economists and researchers of 5 major banks. ECB is likely to hike …

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• 16 March 2023 11:51 am

  Japanese Nikkei index trims its losses after Credit Suisse’s measures to enhance liquidity

  

  Japan’s Nikkei index pared its losses on Thursday after hitting a near two-month low in a volatile session, after Swiss bank Credit Suisse announced plans to boost its cash position. This week witnessed sharp volatility in Japanese banks, which caused the Nikkei index to drop below 27,000 points for the …

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• 16 March 2023 11:21 am

  Credit Suisse to borrow up to $54 bln from Swiss National Bank

  

  Embattled Swiss lender Credit Suisse Group AG said on early-Thursday that it will exercise an option to borrow up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank under two loan facilities to shore up liquidity conditions. The bank said the option will include a covered loan facility, as …

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• 16 March 2023 10:30 am

  Oil is making up for some of its losses after falling to its lowest level in more than a year

  

  Oil prices rose in early Asian trade on Thursday, recouping some of the losses after hitting their lowest levels in more than a year in the previous session, as markets calmed somewhat after Swiss regulators’ decision to bail out Credit Suisse. And by 0107 GMT, Brent crude futures rose 85 …

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• 16 March 2023 2:33 am

  Market Drivers – US Session – 15/03/2023

  

  Under the looming shadow of the fears related to the banking industry, central banks are now in a more challenging position. Oil prices plunged more than $5 trading around $68.444 per barrel to their lowest in more than a year, meanwhile gold prices renewed their recent rally as investors sought …

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• 16 March 2023 2:03 am

  NZD/USD nosedives on big miss in New Zealand’s GDP

  

  Stats New Zealand released the further quarter Gross Domestic Product. New Zealand GDP SA (QoQ) Q4: -0.6% (est -0.2%; prev 2.0%). New Zealand’s dollar is getting smacked after softer local GDP data. NZ GDP was 2.2% y/y in Q4 vs 3.3% seen and down from 6.4% prior. Odds of an …

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• 16 March 2023 1:49 am

  Could Bitcoin gain land as a safe haven amid banking sector fears?

  

  Bitcoin’s price movement and stock market performance have diverged as a result of the banking collapse and the turbulent events of the past week. Experts noted the split in Bitcoin and evaluated whether the asset would begin trading as a flight from danger.Before correcting to the $25,100 mark, the price …

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• 16 March 2023 12:52 am

  Traders rush to US-listed options after Credit Suisse fears

  

  Traders and investors hastily flocked and piled into US-listed options on Credit Suisse at a record pace on Wednesday, as worries over the future of the beleaguered Swiss bank severely impacted its shares and added to existing concerns about instability in the banking sector.The volume of options on Credit Suisse …

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• 15 March 2023 11:24 pm

  SNB to Provide Credit Suisse With Liquidity If Necessary

  

  On Wednesday morning, new issues at Credit Suisse added to market anxieties, but by the afternoon, a Swiss regulator announced that the nation’s central bank would offer additional liquidity if required.Once its greatest sponsor decided it could no longer help, the European bank’s stock deteriorated by more than 20% and …

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• 15 March 2023 10:35 pm

  USD/CAD climbs on buoyant US dollar amid risk-aversion on Credit Suisse

  

  The USD/CAD climbs on market sentiment deterioration, as investors seeking safety bolstered the US Dollar. US Retail Sales were lower than expected, but prices paid by producers cooled. The pair rallies on safe-haven flows towards the American dollar sponsored by the US financial banking crisis woes threatening to spread around …

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• 15 March 2023 9:18 pm

  Risk aversion drags S&P 500 lower on banking contagion linked fears

  

  The major US Indexes; S&P 500, the Nasdaq 100, and the Dow Jones collapsed as the banking system crisis deepened. The US Producer Price Index cooled, while Retail Sales dropped after an outstanding January report.Investors anticipate that the Federal Reserve will maintain the Federal Funds Rate at its upcoming meeting. …

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• 15 March 2023 8:33 pm

  EUR/GBP falls to 0.8700 on expectations of less hawkish ECB

  

  Reacting to widespread market concerns over banking contagion, the EUR/GBP pair widens its losses. The mood on the market is starting to turn negative. The Euro is specifically penalized by this prior to the European Central Bank’s interest rate decision.As the UK Finance Minister Jeremy Hunt revealed the new budget …

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