Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 19 March 2021 4:05 pm

  Russia: OPEC+ Decision Supports The Budget Plan

  

  Today, the Russian Central Bank raised the main interest rate to 4.5% in light of inflationary risks and at the geopolitical level, and hinted that more will follow. The decision to raise interest rates, from a record low of 4.25 percent, contrasted with a Reuters poll that expected Russia to …

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• 19 March 2021 3:31 pm

  Gold Gaining Ground on the Decline of The Dollar and US Bond Yields

  

  Gold is on the path of achieving its second consecutive weekly gain today, as it is supported by a slight decline in the dollar and US Treasury revenues. Spot gold rose 0.3% to $1740.99 an ounce. And the yellow metal is up more than 0.6 percent since the beginning of …

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• 19 March 2021 2:49 pm

  UK Borrowed 19.1 billion Pounds in February

  

  Official data revealed today that the British government borrowed 19.1 billion pounds last month, less than the expectation in a poll conducted by Reuters to borrow 21 billion pounds (29.2 billion dollars), bringing borrowing in the first 11 months of the financial year to nearly 279 billion pounds.

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• 19 March 2021 2:01 pm

  The Nikkei Index Declines on The BOJ’s ETF purchasing plan, Topix at a 30-Year High

  

  Japan’s benchmark Nikkei index fell, while the Topix index reached its highest level in 30 years, as the Bank of Japan (BOJ) said it would only buy into index funds linked to Topix after a review of its policy framework. The Nikkei index closed down by 1.41% to 29,792.05 points, …

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• 19 March 2021 1:32 pm

  European shares Drop on Lockdown Fears And Oil Decline

  

  European stocks fell today, erasing a large part of its weekly gains, after France imposed new general isolation measures to curb the spread of the Corona virus, in light of indications of slowing vaccination in some countries. The pan-European STOXX 600 index fell 0.6%, tracing a negative session on Wall …

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• 19 March 2021 12:59 pm

  BOJ’s Kuroda: It is Appropriate to Continue with The Current Policy Framework

  

  Speaking at the post-monetary policy meeting press conference, BOJ’s governor Haruhiko Kuroda commented on the current policy framework. It is appropriate to continue with the current policy framework.It is inappropriate to debate exit when inflation remains far from 2%.It is desirable for currency rates to reflect fundamentals, in a stable …

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• 19 March 2021 12:05 pm

  Gold Declining Amid Higher Yields, Stronger US Dollar

  

  Gold prices fell today as the dollar held on to the gains it achieved in the previous session on the back of a rise in US Treasury yields, while the safe-haven metal was under heavy pressure due to the Fed’s expectations of a strong economic recovery. In spot trading, gold …

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• 19 March 2021 11:17 am

  Oil Declining For The Sixth Consecutive Day Amid a Surge In Coronavirus Cases

  

  Oil prices fell for the sixth consecutive day, declining by about 9% in the week, as a new bout of Covid-19 cases, especially in Europe, imposed new general restrictive measures and dampened hopes for an imminent oil’s demand recovery. US West Texas Intermediate crude fell four cents, or 0.07 percent, …

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• 19 March 2021 10:45 am

  BOJ Expands JGB Yield Target Band, Drops ETF Buying Target

  

  The Bank of Japan (BOJ) kept its key policy rate unadjusted at the conclusion of its two-day March monetary policy review meeting on Friday. The central bank left the key rate steady at -10bps while maintaining its pledge to buy J-REIT at an annual pace of up to JPY180 bln. …

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• 19 March 2021 10:15 am

  The United States Extends Travel Restrictions at Land Borders to Canada and Mexico

  

  The US government said Thursday that the US land borders with Canada and Mexico will remain closed to non-essential travel until at least April 21. The 30-day extension is the second announced under President Joe Biden and comes as US lawmakers in northern border states have urged to lift restrictions …

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• 19 March 2021 3:44 am

  NYSE Closes Lower as Treasury Yields Rise

  

  The New York Stock Exchange (NYSE) closed lower on Thursday, as Treasury bond yields maintained their upward trend as the Federal Reserve expected inflation to exceed 2% this year. Rising yields increased pressures on tech stocks, while the continuous decline in oil prices left its toll on energy companies. The …

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• 19 March 2021 2:18 am

  Gold Recovers from Earlier Losses and Finishes Higher

  

  Gold prices rose on Thursday, recovering from their losses earlier in the session due to the rise in Treasury bond yields, supported by the recent expectations of the Federal Reserve. The surge in Treasury yields, which were fueled by expectations of a rise in inflation above 2% this year and …

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• 19 March 2021 1:11 am

  Morgan Stanley to Include Bitcoin in Wealth Management Services

  

  Morgan Stanley became the first major bank in the United States to offer Bitcoin funds among its wealth management services, CNBC first reported. The decision reportedly follows on clients’ demand to invest in the cryptocurrency, which recently surged to new record highs supported by increased institutional demand. The new option …

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