Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 30 March 2021 1:44 am

  Oil Closes Higher Ahead of OPEC+ Meetings

  

  Oil prices rose on Monday, recovering from earlier losses, amid concerns about delays in oil shipments even after shipping restarted at the Suez Canal after the container ship that was blocking it was re-floated. In addition, it is expected that the upcoming meeting for the Organization of the Petroleum Exporting …

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• 29 March 2021 11:48 pm

  Gold Finished at Lowest Level in Three Weeks

  

  Gold prices closed lower on Monday, opening the week with a negative performance, due to the rise of the U.S. Dollar (USD). The yellow metal has limited its monthly gains, after recent fluctuations. Gold futures for April delivery finished lower by $24, or 1.4%, at $1708.2 per ounce, its lowest …

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• 29 March 2021 11:40 pm

  European Stocks Close Mostly Higher

  

  European stocks finished mostly higher on Monday, with limited gains due to concerns about the third wave of the Coronavirus pandemic. The STOXX Europe 600 index closed higher by 0.2%, with the stocks of food and beverages leading the rise and adding 1.5%. In the UK, the FTSE100 index settled marginally …

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• 29 March 2021 10:22 pm

  Fed’s Waller: No Plans to Raise Interest to Finance Deficit

  

  The United States Federal Reserve remains a long way from raising interest rates, said the Fed Governor Christopher Waller, in his first speech on Monday. Waller, who joined the Fed’s board of governors in December, said that the central bank does not plan to increase interest rates or the expand …

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• 29 March 2021 8:35 pm

  Texas Manufacturing Activity Improves in March

  

  The manufacturing activity in Texas expanded during March, reaching its best reading on record, according to the data of the Texas Manufacturing Outlook Survey, which started 17 years ago. The production index rose to 48.0 this month, up from 19.9 in February, data by the Federal Reserve Bank of Dallas …

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• 29 March 2021 7:30 pm

  USD Fluctuating Within Narrow Range

  

  The U.S. Dollar (USD) is showing a mixed performance on Monday, amid increased demand for safe-havens, in light of concerns about a troubled hedge fund. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.05% at 92.81. The index …

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• 29 March 2021 5:55 pm

  The Head of The Suez Canal Authority Announces The Resumption of Navigation The Suez Canal

  

  The head of the Suez Canal Authority, Lieutenant General Osama Rabie, announced the resumption of navigation in the Suez Canal after the Authority’s success in rescuing and floating the giant Panamanian container ship EVER GIVEN, which ran aground while crossing the Suez Canal.

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• 29 March 2021 3:53 pm

  Reuters: Italy to Cut 2021 GDP Growth Forecast to 4.1% From 6.0% –

  

  The Italian government is set to lower its 2021 Gross Domestic Product (GDP) growth forecast in April’s publication to 4.1% from 6%, Reuters reported on Monday, citing three government sources familiar with the matter. On a positive note, the 2022 growth forecast is expected to be hiked to 4.3% from …

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• 29 March 2021 3:23 pm

  Bitcoin Jumps For a Week And Exceeds $ 58,000

  

  Bitcoin jumped today, Monday, to a new week’s high, rising by 4.5% to $58,300 and approaching its peak at $61,100, which it reached earlier this month. Visa had previously said it would use cryptocurrency to settle payments on its network, in the latest sign of the growing acceptance of digital …

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• 29 March 2021 2:11 pm

  Reuters: Russia Supports Rollover For OPEC+ Oil Production From April to May

  

  Russia is in support of keeping the oil output of the OPEC+ steady from April to May while seeking a small output increase in May for itself, Reuters reported on Monday, citing a source familiar with the matter.  “I won’t be surprised to hear the view that it is better …

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• 29 March 2021 1:38 pm

  The Turkish Lira Drops 1%, With Continuing Losses

  

  The Turkish lira lost more than 1% of its value on Monday, March 29, continuing its sharp decline since President Recep Tayyip Erdogan changed the central bank governor this month, leading to expectations of a loose monetary policy. The lira was at 8.14 per dollar, down from 8.0775 at the …

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• 29 March 2021 1:04 pm

  European Stocks Near Record Levels Amid Hopes of Recovery

  

  European stocks approached record highs Monday, March 29, thanks to optimism about the global economic recovery, while Credit Suisse plunged following a warning of “significant” losses due to exit from positions after a US-based hedge fund defaulted on margin calls. Swiss bank shares lost 9.5% after it said an unnamed …

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• 29 March 2021 12:39 pm

  US Bond Yields Are Colored in Red

  

  The yield on the benchmark 10-year Treasury note fell to 1.64% on Monday, remaining below 14-month highs of 1.75% reached early in the month as the bond market appears to be flat. Investors have digested mixed economic data and tame inflation, the outlook for a brighter economic outlook for the …

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