Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 27 March 2021 12:13 am

  U.S. Oil Rigs Rise by Six in Week

  

  The number of active rigs drilling for crude oil and natural gas in the United States increased by six this week to 417, data by Baker Hughes showed on Friday. The rig count is now lower by 311 rigs compared with the same time of last year. It is worth …

  Read More »
• 26 March 2021 9:58 pm

  European Stocks Close Higher Supported by Mining and Tech Gains

  

  European stocks finished Friday higher, supported by an improved investors’ sentiment amid positive expectations for the distribution of vaccines and recovering economies. The pan-European index STOXX 600 gained 0.91% and finished at 426.95 points, nearing its all-time high as it ended the week in gains for the fourth consecutive week, …

  Read More »
• 26 March 2021 7:51 pm

  UK and EU Reach Initial Agreement to Cooperate in Market Regulation

  

  The United Kingdom (UK) and the European Union (EU) are said to have reached an agreement to coordinate financial markets regulation following the Brexit, Bloomberg reported. The agreed upon Memorandum of Understanding (MoU) has been finalized and is pending the official procedures of approval and ratification. The agreement identifies the …

  Read More »
• 26 March 2021 7:28 pm

  U.S. Consumer Sentiment Improves in March

  

  Consumer sentiment in the United States continued to rise in March, reaching its highest level in a year, data by the University of Michigan showed on Friday. The Index of Consumer Sentiment improved by 10.5% to 84.9 in March, from 76.8 in February. However, it declined on an annual basis …

  Read More »
• 26 March 2021 5:12 pm

  US: Annual Core PCE Price Index Edges Lower in February

  

  The Personal Consumption Expenditures (PCE) Price Index in February edged lower to 0.2% on a monthly basis and came in lower than the market expectation of 0.5%, the data published by the US Bureau of Economic Analysis showed on Friday. On a yearly basis, the PCE Price Index rose to …

  Read More »
• 26 March 2021 5:06 pm

  US: Personal Income Falls by 7.1% in February, Personal Spending Drops

  

  The US Bureau of Economic Analysis reported on Friday that Personal Income in February declined 7.1% on a monthly basis. This reading followed January’s impressive increase of 10.1% and came in slightly better than the market expectation for a decrease of 7.3%. Further details of the publication showed that Personal …

  Read More »
• 26 March 2021 4:59 pm

  Oil Rose Due to Fears That Navigation in The Suez Canal May be Suspended For Weeks

  

  Oil prices rose today by about 2%, to rebound due to fears that the float of a giant, stranded container tanker, impeding the movement of navigation in the Suez Canal, may take weeks, which may put pressure on the supplies of crude and refined products. But prices are still heading …

  Read More »
• 26 March 2021 4:16 pm

  The Turkish Lira Down About 2% With The Return of Concerns About The Central Bank

  

  The Turkish lira fell to 8.09 against the dollar on Friday as investors remain concerned about the sudden dismissal by President Recep Tayyip Erdogan of the central bank governor and his replacement with another supporter of tightening monetary policy. The pound fell by up to 1.9% against the US currency …

  Read More »
• 26 March 2021 3:29 pm

  IFO: German Business Sentiment Rises in March

  

  A survey showed today, Friday, that German business confidence reached its highest level in nearly two years in March, as increased demand for manufactured goods kept factories in Europe’s largest economy in a state of activity during the rise in infections with the Coronavirus and restrictions of general isolation. The …

  Read More »
• 26 March 2021 3:24 pm

  China Set to Impose Anti-Dumping Measures on Australian Wine Imports From March 28

  

  China’s Commerce Ministry said in a statement on Friday, that they will impose anti-dumping measures on some Australian wine imports for five years, effective March 28. “Importers bringing in wines related to the anti-dumping activities ruled by China will need to pay tax to China’s customs authority, “the statement read.

  Read More »
• 26 March 2021 2:42 pm

  BofA: Investors Rushing to Cash at The Fastest Pace Since April 2020

  

  Inflows data from Bank of America showed that investors pumped $45.6 billion into monetary funds in the week ending March 24, in the largest inflows since April 2020, and intensified their exposure to US financial instruments shielded from inflation. Bank of America said that inflation-protected securities funds saw inflows of …

  Read More »
• 26 March 2021 2:40 pm

  The Suez Canal Authority: Looking Forward to Cooperating With The U.S. to Float The Vessel

  

  The Suez Canal Authority said today, Friday, that it is looking forward to cooperating with the United States in efforts to float the container ship that has disrupted shipping for three days. The authority said in a statement, “The Suez Canal Authority appreciates the offer made by the United States …

  Read More »
• 26 March 2021 1:58 pm

  Gold Heading For Its First Weekly Decline in 3 Weeks Due to Dollar Rise

  

  Gold prices stabilized today, as high US revenues and concerns about the global economic recovery following the rise in COVID-19 infections across Europe offset the rise of the dollar, but the yellow metal is still on the path of recording its first weekly decline in three weeks. There was little …

  Read More »