Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 18 March 2021 11:27 am

  Gold Touches Its Highest Level in Two Weeks After The US Federal Reserve

  

  Gold prices rose Thursday, March 18th, to the highest level in more than two weeks after the US Federal Reserve pledged to keep interest rates near zero until 2023, but the gains of the yellow metal, which is considered a safe haven, were limited by the bank’s expectations of a …

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• 18 March 2021 10:54 am

  Oil Declining For The Fifth Consecutive Day After The Rise in US Inventories

  

  Oil prices fell for the fifth consecutive day on Thursday, March 18th, after official data revealed a sustained increase in crude and fuel stocks in the United States, while the ongoing pandemic clouded the outlook for demand. Brent crude fell 37 cents, or 0.5%, to $ 67.63 a barrel, after …

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• 18 March 2021 3:37 am

  Wall Street Closes Higher on Upbeat Fed Expectations

  

  The New York Stock Exchange (NYSE) finished higher on Wednesday, after the Federal Reserve expected high economic growth in the U.S. this year, and despite expectations that inflation rate will exceed 2% this year. The Fed also maintained interest rates and vowed to keep the current pace of asset purchases …

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• 18 March 2021 2:25 am

  Oil Declines as U.S. Inventories Rise and Supercycle Ruled Out

  

  Oil prices declined on Wednesday amid continuous concerns about the recovery of global demand, as well as the fourth consecutive weekly rise in U.S. crude inventories. Brent crude futures for May delivery closed lower by about 0.6% at $67.98 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for …

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• 18 March 2021 1:58 am

  Gold Settles Lower but Rises Following Fed Statement

  

  Gold futures settled lower on Wednesday, as rising U.S. Treasury bond yields pressured the yellow metal ahead of the release of the Federal Reserve policy statement. Gold futures for April delivery declined by $3.80, or 0.2%, to finish at $1,727.10 per ounce. After the Federal Reserve announced its decision to …

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• 18 March 2021 12:49 am

  USD Drops Following Release of Federal Reserve Statement

  

  The U.S. Dollar (USD) fell sharply following the release of the Federal Reserve policy statement, after moving within in a tight range, mostly in the positive territory, ahead of the release of the statement and the first quarterly expectations for the American economy this year. With many investors looking to …

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• 18 March 2021 12:34 am

  What is the Federal Reserve Expecting for the American Economy in 2021?

  

  The U.S. Federal Reserve has decided on Wednesday to maintain its main rate unchanged near 0%, as well as the current pace of asset purchases at $120 billion per month until the maximum employment and 2% inflation targets are achieved. The Fed’s policy statement, which was released following the two-day …

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• 17 March 2021 11:30 pm

  Fed Vows to Maintain Interest Rates and Asset Purchases

  

  The United States Federal Reserve has decided on Wednesday to maintain interest rates unchanged, keeping the target range for the federal funds rate at 0-0.25%. In addition, the Federal Reserve will continue to increase its holdings of Treasury securities by at least $80 billion per month and of agency mortgage‑backed …

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• 17 March 2021 10:01 pm

  Federal Reserve Maintains Interest Rates Unchanged

  

  The United States Federal Reserve announced on Wednesday to maintain main interest rates unchanged at their historically low levels, following a two-day meeting that was concluded earlier today.

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• 17 March 2021 9:45 pm

  European Stocks Close Mostly Lower Ahead of Fed Statement

  

  European stocks finished lower on Wednesday with investors awaiting the outcome of the U.S. Federal Reserve policy meeting later today. The STOXX Europe 600 index declined by 0.41% and closed at 425.08 points, with the mining sector leading the decline and losing 1.9%, while the auto sector continued to make …

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• 17 March 2021 9:23 pm

  AUD/USD Maintains Losses for Fourth Day

  

  The Australian Dollar (AUD) on Wednesday continues to decline for the fourth consecutive day against the U.S. Dollar (USD) ahead of the release of the U.S. Federal Reserve policy statement. Recently issued minutes of the latest policy meeting by the Reserve Bank of Australia (RBA) showed various concerns about the …

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• 17 March 2021 7:54 pm

  Wall Street Mostly Lower at Early Trade

  

  The main indices of the New York Stock Exchange (NYSE) are showing a mixed performance during Wednesday’s trading session. Rising Treasury bond yields ahead of the release of the Federal Reserve second policy statement this year are increasing selling pressures in Wall Street. The Dow Jones Industrial Average is up …

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• 17 March 2021 7:41 pm

  U.S. Oil Inventories Rise 2.4 M Barrels in Week

  

  Crude oil inventories in the United States increased by about 2.4 million barrels last week, according to the weekly report of the U.S. Energy Information Administration (EIA). Oil stockpiles totaled 500.8 million barrels for the week ending March 12, 2021. Meanwhile, gasoline inventories increased by 0.5 million barrels, while distillate …

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