Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 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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• 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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