Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 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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• 19 March 2021 12:08 am

  European Stocks Close Higher and Germany’s DAX Hits New Record High

  

  European stocks closed higher on Thursday, supported by the U.S. Federal Reserve vowing to maintain the low interest rates and expecting strong economic growth this year. The STOXX Europe 600 index finished higher by 0.46% at 426.87, nearing its record high of 433.90, which was recorded on February 19, 2020. …

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• 18 March 2021 10:21 pm

  U.S. Mortgage Rates Rise for Fifth Week in Row

  

  Mortgage rates in the United States continued to rise for the fifth consecutive week, reaching their highest level since June of last year, Bloomberg reported, citing data by Freddie Mac released on Thursday. The average 30-year mortgage rate reached 3.09%, compared with 3.05% in the previous week. It is worth noting …

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• 18 March 2021 10:07 pm

  U.S. Treasury Yields Surge Above 1.7%

  

  Treasury bond yields in the United States surged on Thursday, after the Federal Reserve expected inflation to exceed 2% this year in its policy statement released yesterday. The benchmark 10-year Treasury bond yield rose to 1.75% earlier in today’s session, reaching its highest level since January 24, 2020. Now the …

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• 18 March 2021 9:07 pm

  BoE Maintains Interest Rates Unchanged

  

  The Bank of England (BoE) has decided to hold interest rates unchanged, maintaining its main rate at 0.10% in the Monetary Policy Committee (MPC) on Thursday. MPC members voted unanimously for the decision, and also kept the current pace of the quantitative easing (QE) program at GBP 895 billion, which …

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• 18 March 2021 7:19 pm

  U.S. Natural Gas Inventories Down 11 bcf

  

  Natural gas inventories in the United States decreased by 11 billion cubic feet (bcf) last week, according to the weekly report released on Thursday by the U.S. Energy Information Administration (EIA). Working natural gas in storage reached 1,782 bcf as of Friday, March 12, the report showed. Gas stockpiles were …

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• 18 March 2021 6:23 pm

  Currencies Overview: A Jump in Yields Raises The Dollar After Faltering Following The Fed’s Comments

  

  Rising US bond yields boosted the dollar on Thursday, March 18th, helping it recover from its lowest level in two weeks after the US Federal Reserve dispelled speculation of an interest rate hike. And 10-year US Treasury bond yields recorded their highest levels in 13 months in early London trade, …

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