Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 16 March 2021 3:26 pm

  Sterling Falls Due to a Jump in US Treasury Yields

  

  The pound fell again on Monday (March 15th) amid an increase in US Treasury yields and with the European Union launching legal action against Britain’s unilateral changes to trade arrangements with Northern Ireland. The 27-nation bloc said the changes violated the Brexit deal signed last year. The pound fell 0.22% …

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• 16 March 2021 2:46 pm

  Currencies Overview: Dollar Rising as Markets Await The Fed Meeting

  

  Caution dominated the currency markets on Tuesday, March 16th, before the start of the two-day monetary policy committee meeting of the US Federal Reserve. It is expected that policymakers in the Council expect that the US economy will grow in 2021 at the fastest pace in decades with the decline …

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• 16 March 2021 1:57 pm

  European Shares Rise, Supported by Positive Outlook

  

  European stocks rose on Tuesday, March 16th, as German online fashion retailer Zalando and carmaker Volkswagen jumped on a positive earnings outlook, while investors awaited the US Federal Reserve’s views on recent inflation increases. The European Stoxx600 index rose 0.4%, growing closer to an all-time high reached last year and …

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• 16 March 2021 1:03 pm

  Gold Rises as US Bond Yields Fall Ahead of a US Fed Meeting

  

  Gold prices rose on Tuesday, March 16th, as US Treasury yields fell, while investors awaited a Fed meeting likely to dispel concerns about rising inflation. The spot price of gold rose 0.2% to $1735.76 an ounce while US gold futures rose 0.4% to $1735.90. The expectations of policymakers at the …

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• 16 March 2021 12:36 pm

  Japan shares Closing Higher on Recovery Hopes And Topix is at a 20-Year Peak

  

  Japanese shares closed higher on Tuesday, March 16th, and the Topix index reached a 20-year high, as technology stocks tracked Wall Street’s gains amid hopes for a strong economic recovery in the United States. The broader Topix index rose 0.65% to 1981.50 points, the highest closing level since May 1991, …

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• 16 March 2021 12:34 pm

  Asian Stocks Rise Ahead of The Fed

  

  Asian stocks rose on Tuesday, tracking the advance of Wall Street’s major indexes to record highs, as investors looked forward to major central bank meetings this week, starting with the US Federal Reserve. The region’s stock market index excluding Japan rose 0.7%, led by a 1.2% jump in the benchmark …

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• 16 March 2021 11:23 am

  Oil Falling as Demand Worries Increase on The Increase in Inventories

  

  Oil prices fell for the third session in a row on Tuesday (March 16th), as an increase in stocks in the United States exacerbated concerns about risks facing demand, with countries including Germany and France halting vaccinations to prevent Covid-19. Brent crude fell 49 cents, equivalent to 0.7%, to $ …

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• 16 March 2021 10:56 am

  Germany’s RKI: COVID-19 Cases Are Growing Exponentially Again in the Country

  

  Coronavirus infections are spreading exponentially once again in the country, up 20% in the last week, Germany’s Robert Koch Institute (RKI) epidemiologist Dirk Brockmann told ARD television on Tuesday. To be updated …

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• 16 March 2021 10:31 am

  Foreign Holdings of US Treasury Bonds Rose For The Second Month in a Row in January

  

  Data from the Treasury on Monday showed that foreign holdings in US Treasury bonds rose for the second month in a row in January. Foreign investor holdings reached $ 7.119 trillion in January, up from $ 7.07 trillion in the previous month. Holdings of Japan, the largest non-US holder of …

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• 16 March 2021 3:22 am

  EU Plans Legal Action Against UK Over Northern Ireland Trade Rules

  

  The drama of the Brexit saga continues, as disagreements between the United Kingdom (UK) and the European Union (EU) seem to have escalated once again after the European bloc decided to take legal action against what it is considering to be unilateral moves by Britain in regards to the Northern …

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• 16 March 2021 2:49 am

  India Could Soon Ban Cryptocurrencies

  

  A new draft law in India could soon force a ban on cryptocurrencies, Reuters reported, citing government sources. The law would criminalize the possession, issuance, mining, trading of crypto assets, imposing fines on any violations, after a six-month grace period allowing investors to liquidate their digital assets. The Indian government …

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• 16 March 2021 2:25 am

  Wall Street Indices Continue Record-Breaking Ahead of Fed Meeting

  

  The New York Stock Exchange (NYSE) finished higher on Monday, with two major indices closing at another new all-time high. So far, it seems that Wall Street Investors are reacting positively to the passing of the $1.9 trillion relief bill, which aims at easing the impacts of the Coronavirus pandemic. …

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• 16 March 2021 2:21 am

  GBP Stabilizes After Recovering Most of Earlier Losses

  

  The British Pound (GBP) recovered from its earlier losses on Monday, as the U.S. Dollar (USD) showed a mostly positive performance across the board. In addition, the recent development of the European Union (EU) taking legal action against the United Kingdom (UK) has increased market uncertainty about the future of …

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