Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 10 March 2021 1:00 am

  U.S. Treasury Yields Decline from Year-High Levels

  

  Treasury yields in the United States declined on Tuesday as markets continued to react to recent developments that saw yields rise to their highest level in about 13 months. Investors showed an increased appetite for Treasury bonds today. The benchmark 10-year Treasury bond yield decreased by 4.9 basis points to …

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• 9 March 2021 11:22 pm

  Gold Maintains Gains and Records First Rise in Five Sessions

  

  Gold prices finished Tuesday’s trading session with strong gains, supported by the decline of Treasury bond yields and the U.S. Dollar (USD), recording its first gain after four consecutive declines. The rise in the yellow metal prices followed closing at its lowest level since early April 2020 on Monday. Gold …

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• 9 March 2021 9:03 pm

  Coupang Targets $58 B Valuation on Wall Street

  

  Coupang, a South Korea-based e-commerce company, has raised the price target for its initial public offering (IPO) on the New York Stock Exchange (NYSE), aiming at a valuation of $58 billion. The IPO is expected to be the largest on Wall Street since Alibaba’s in 2014. In addition, the boom …

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• 9 March 2021 8:52 pm

  European Stocks Close Higher as Treasury Yields Decline

  

  European shares finished Tuesday higher, supported by the decline in U.S. Treasury bond yields, despite data showing a contraction in the Eurozone’s economy during the fourth quarter (Q4) of 2020. The STOXX Europe 600 increased by 0.86% and finished at 420.82 points. The German benchmark index DAX settled higher by …

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• 9 March 2021 7:09 pm

  OECD Raises Expectations for Global Growth in 2021

  

  The Organization for Economic Cooperation and Development (OECD) expects the global economy will expand by 5.6% in 2021, raising its forecast for growth compared with an estimated rate of 4.2% in the previous report. The OECD report issued on Tuesday noted that recovery from the Coronavirus impact this year will …

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• 9 March 2021 6:48 pm

  Gold Rebounds as Treasury Yields and USD Pull Back

  

  Gold prices declined on Tuesday, as Treasury bond yields pulled back from their year-high, which also increased selling pressure on the U.S. Dollar (USD). The yellow metal futures for April delivery rose by 2.14% 1,713.80 per ounce and reached a high of $1,718.05 earlier today. This is attributed to the …

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• 9 March 2021 6:03 pm

  Total CEO Expects $50-60 Per Barrel of Oil

  

  The CEO of Total said that the global economic recovery from the Coronavirus pandemic may take two years, ruling out that oil prices will remain at their current high level of $70 a barrel. Patrick Boyan told local media, “I am not betting that prices remain at $70 a barrel. …

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• 9 March 2021 4:34 pm

  WTI Climbs to $69 After Monday’s Correction

  

  Crude oil prices witnessed a deeper correction at the beginning of the week, and a barrel of West Texas Intermediate crude lost 2.4% on Monday after rising more than 7% last week. WTI reversed its trend, rising 2% to $65.85. OPEC’s decision last week to keep production cuts through April …

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• 9 March 2021 3:43 pm

  Bitcoin And Ethereum Close to Historical Peaks

  

  The largest cryptocurrency by market value, Bitcoin, has surpassed the 54 levels during early trading from Tuesday’s session. While Ethereum, the second-largest cryptocurrency by market value, managed to record a remarkable performance after surpassing $1800 levels. The sharp rise in the prices of Bitcoin and Ethereum came after the two …

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• 9 March 2021 3:18 pm

  Euro area Annual GDP Contracts by 4.9% in Q4 vs. -5% Expected

  

  The Gross Domestic Product (GDP) in the Euroarea contracted by 4.9% on a yearly basis in Q4, the data published by Eurostat showed on Tuesday. This reading came in slightly better than the flash estimate and the market expectation of -5%. On a quarterly basis, the GDP declined by 0.7%.

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• 9 March 2021 2:35 pm

  Currencies Overview: USD Down From Its Three-And-a-Half-Month High as Bond Yields Stabilize

  

  The dollar fell from its highest in three and a half months today, Tuesday, as US Treasury yields stabilized, allowing gains for riskier currencies such as the British pound and the Australian and New Zealand dollars. The index measuring the strength of the dollar against a basket of other currencies …

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• 9 March 2021 1:28 pm

  Turkey Extends The Ban on Layoffs For Two Months

  

  Turkey has extended the ban on layoffs for two months, starting March 17, according to a presidential decree. The ban was imposed last year to limit the impact of the Coronavirus pandemic on employment and the economy at large. The Turkish President has the power to extend it for a …

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• 9 March 2021 12:20 pm

  German Exports Rise in January Thanks to Strong Trade With China

  

  German exports rose unexpectedly in January, buoyed by strong trade with China at a positive start of the year for manufacturers in Europe’s largest economy. Seasonally adjusted exports rose 1.4% compared to the previous month after a 0.4% increase in December, the Federal Statistics Office said Tuesday. The previous reading …

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