Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 30 March 2021 12:29 pm

  Oil Falling With The Opening of The Suez Canal And Attention Turns to OPEC+ Cuts

  

  Oil prices retreated on Tuesday, March 30th, while navigation in the Suez Canal resumed days after being halted by the stranding of a giant ship, and the focus shifted to an OPEC+ meeting this week, where an extension of supply restrictions is expected to be discussed amid new closures to …

  Read More »
• 30 March 2021 4:22 am

  How an Unknown Hedge Fund is Causing Disturbance in the Financial Sector?

  

  Archegos Capital Management, a hedge fund in the United States, is causing concerns in the financial sectors, after Credit Suisse and Nomura warned on Monday of significant negative impacts on their quarterly financial results due to exiting positions with the aforementioned fund. Credit Suisse nor Nomura did not specify the …

  Read More »
• 30 March 2021 3:47 am

  Visa to Accept Stablecoin in Settling Transactions

  

  Visa is set to allow using a cryptocurrency in settling transactions through its payment network, Reuters first reported. The process is starting with the U.S. Dollar (USD) Coin, known as the stable coin, through a pilot program in cooperation with the platform Crypto dot com, with plans for expansion with …

  Read More »
• 30 March 2021 3:38 am

  U.S. Financial Regulators Explore AI Usage in Sector

  

  Regulators of the banking sector in the United States are investigating the growing use of artificial intelligence (AI) by financial institutions, Reuters reported. The regulators announced that they are seeking feedback on the rising use of AI by banks and other institutions for various purposes.

  Read More »
• 30 March 2021 1:44 am

  Oil Closes Higher Ahead of OPEC+ Meetings

  

  Oil prices rose on Monday, recovering from earlier losses, amid concerns about delays in oil shipments even after shipping restarted at the Suez Canal after the container ship that was blocking it was re-floated. In addition, it is expected that the upcoming meeting for the Organization of the Petroleum Exporting …

  Read More »
• 29 March 2021 11:48 pm

  Gold Finished at Lowest Level in Three Weeks

  

  Gold prices closed lower on Monday, opening the week with a negative performance, due to the rise of the U.S. Dollar (USD). The yellow metal has limited its monthly gains, after recent fluctuations. Gold futures for April delivery finished lower by $24, or 1.4%, at $1708.2 per ounce, its lowest …

  Read More »
• 29 March 2021 11:40 pm

  European Stocks Close Mostly Higher

  

  European stocks finished mostly higher on Monday, with limited gains due to concerns about the third wave of the Coronavirus pandemic. The STOXX Europe 600 index closed higher by 0.2%, with the stocks of food and beverages leading the rise and adding 1.5%. In the UK, the FTSE100 index settled marginally …

  Read More »
• 29 March 2021 10:22 pm

  Fed’s Waller: No Plans to Raise Interest to Finance Deficit

  

  The United States Federal Reserve remains a long way from raising interest rates, said the Fed Governor Christopher Waller, in his first speech on Monday. Waller, who joined the Fed’s board of governors in December, said that the central bank does not plan to increase interest rates or the expand …

  Read More »
• 29 March 2021 8:35 pm

  Texas Manufacturing Activity Improves in March

  

  The manufacturing activity in Texas expanded during March, reaching its best reading on record, according to the data of the Texas Manufacturing Outlook Survey, which started 17 years ago. The production index rose to 48.0 this month, up from 19.9 in February, data by the Federal Reserve Bank of Dallas …

  Read More »
• 29 March 2021 7:30 pm

  USD Fluctuating Within Narrow Range

  

  The U.S. Dollar (USD) is showing a mixed performance on Monday, amid increased demand for safe-havens, in light of concerns about a troubled hedge fund. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.05% at 92.81. The index …

  Read More »
• 29 March 2021 5:55 pm

  The Head of The Suez Canal Authority Announces The Resumption of Navigation The Suez Canal

  

  The head of the Suez Canal Authority, Lieutenant General Osama Rabie, announced the resumption of navigation in the Suez Canal after the Authority’s success in rescuing and floating the giant Panamanian container ship EVER GIVEN, which ran aground while crossing the Suez Canal.

  Read More »
• 29 March 2021 3:53 pm

  Reuters: Italy to Cut 2021 GDP Growth Forecast to 4.1% From 6.0% –

  

  The Italian government is set to lower its 2021 Gross Domestic Product (GDP) growth forecast in April’s publication to 4.1% from 6%, Reuters reported on Monday, citing three government sources familiar with the matter. On a positive note, the 2022 growth forecast is expected to be hiked to 4.3% from …

  Read More »
• 29 March 2021 3:23 pm

  Bitcoin Jumps For a Week And Exceeds $ 58,000

  

  Bitcoin jumped today, Monday, to a new week’s high, rising by 4.5% to $58,300 and approaching its peak at $61,100, which it reached earlier this month. Visa had previously said it would use cryptocurrency to settle payments on its network, in the latest sign of the growing acceptance of digital …

  Read More »