Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 16 March 2021 1:16 am

  Oil Finishes Lower Despite Positive Demand Outlook

  

  Oil prices continued to decline on Monday, for the second consecutive session, despite positive expectations for global demand recovery, as the U.S. Dollar (USD) continued to show rebound signs, despite the passing of the $1.9 trillion stimulus package. The global benchmark Brent crude futures for May delivery finished lower by …

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• 15 March 2021 11:32 pm

  Gold Finishes at Highest Level in Two Weeks

  

  Gold futures resumed gains on Monday, after declining on Friday, opening the week with a positive performance and settling at their highest level since the beginning of the month. A decline in Treasury bond yields in the United States and anticipation for the upcoming central bank meeting in the U.S., …

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• 15 March 2021 10:18 pm

  European Stocks Finish Lower Despite Optimism

  

  European stocks closed mostly lower on Monday, with markets turning their focus towards the upcoming central bank meetings in the United Kingdom, the United States, and Japan. The financial and mining sectors led the losses, while positive expectations towards recovering from the Coronavirus pandemic amid the rollout of vaccines helped …

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• 15 March 2021 9:35 pm

  Biden Administration to Monitor Inflation Risk

  

  The Biden administration will be closely monitoring the small risk of a rise in inflation following the $1.9 trillion relief plan, said the Chairwoman of the White House Council of Economic Advisers, Cecilia Rouse, on Monday “Any economic investment is going to have some risks,” Rouse told MSNBC. “Yes, there …

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• 15 March 2021 7:30 pm

  USD Maintains Gains for Third Session in Row

  

  The U.S. Dollar (USD) continued to rise on Monday, for the third consecutive session, opening the week with a positive performance supported by the rise in Treasury bond yields. Today, the benchmark 10-year Treasury bond yield went as high at 1.639% nearing its best level in about 13 months. The …

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• 15 March 2021 5:57 pm

  Bitcoin: Sharp Decline After Peak

  

  Bitcoin fell sharply again today, Monday, after reaching an unprecedented high of $61,781.83 at the weekend, after US President Joe Biden signed his $1.9 trillion financial stimulus package and directed him to speed up vaccinations. In early trading in London, the world’s most popular cryptocurrency fell below $55,000 for a …

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• 15 March 2021 5:26 pm

  US: NY Empire State Manufacturing Index Improves in March

  

  The headline General Business Conditions Index of the NY Fed’s Empire State Manufacturing Survey rose to 17.4 in March from 12.5 in February, the NY Fed’s report revealed on Friday. This reading came in better than analysts’ estimate of 14.5.

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• 15 March 2021 5:00 pm

  Canada: Manufacturing Sales Increase by 3.1% in January

  

  Manufacturing Sales in Canada rose by 3.1% in January to $56.2 billion, the data published by Statistics Canada revealed on Monday. This reading followed February’s increase of 0.9% and came in better than the market expectation of 2.5%.

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• 15 March 2021 3:53 pm

  Currencies Overview: Dollar Continues to Rally on Yield Gains

  

  The dollar rose for the second session in a row today, as the increase in US Treasury bond yields prompted dealers to reduce their bet on the dollar’s ​​decline to its lowest level in four months. The yield on the 10-year bond was trading at 1.6320% on Monday, close to …

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• 15 March 2021 3:05 pm

  European Stocks Rise And Danone jumps After Chief Executive is Ousted

  

  European stocks rose today on the back of gains from French food company Danone and Swiss pharmaceutical company Roche, with optimism about a strong economic recovery easing concerns about an acceleration in inflation. The STOXX 600 index rose 0.7% in early trade, slightly close to its highest level last year, …

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• 15 March 2021 2:32 pm

  Italy Announces a Plan to Vaccinate at Least 80% of The Population Against Corona by September

  

  Italy said on Saturday it aims to vaccinate at least 80% of its population against COVID-19 by September by ramping up its daily vaccination campaign. Francesco Paolo Vignolo, the new special commissioner for the Coronavirus, announced a general plan to distribute 500,000 vaccine doses per day, according to a statement …

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• 15 March 2021 2:00 pm

  Turkish Car Production Drops 9% in February

  

  The Turkish Automobile Industry Federation said that the country’s auto sector production fell 9.3% year-on-year in February to 116,88 cars, and exports fell 14.3% to 87,908 cars. said that in the period from January to February, production decreased 6.5 percent to 222,264 cars, while exports decreased 14.1.

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• 15 March 2021 1:38 pm

  Brent Crude Heading to $70 as The Outlook For Chinese Energy Demand Improves

  

  Oil prices rose today, and Brent is heading towards the level of seventy dollars a barrel, as data show the acceleration of the Chinese economic recovery at the beginning of 2021, which supports the energy demand of the largest importer of oil in the world. Brent crude for May delivery …

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