Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 10 March 2021 9:39 pm

  DXY Rebounds above 92.0 Level

  

  The U.S. Dollar (USD) returned to the positive territory on Wednesday, after briefly declining following the release of inflation data. Data by the United States Bureau of Labor Statistics showed that the Core Consumer Price Index (CPI) in February declined to 1.3%, falling to meet market expectation of 1.4%. The …

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• 10 March 2021 8:52 pm

  Bank of Canada to Maintain Policies until Inflation Target is Achieved

  

  The Bank of Canada (BoC) has decide to maintain interest rates unchanged until its inflation objective is sustainably achieved, and vowed to continue with its current quantitative easing (QE) policy. The QE program will continue at its current pace of at least CAD 4 billion per week, as per the …

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• 10 March 2021 8:37 pm

  U.S. Oil Inventories Show Another Huge Rise: EIA

  

  Crude oil inventories in the United States increased more than expected last week, data by the U.S. Energy Information Administration (EIA) showed on Wednesday. Oil stockpiles rose by 13.798 million barrels in the week ended on March 5, compared with a recent S&P Global Platts poll of market analysts that …

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• 10 March 2021 7:40 pm

  BoC Maintains Interest Rates Unchanged

  

  The Bank of Canada (BoC) has decided to maintain its main interest rates unchanged during its policy meeting on Wednesday. The overnight rate has been held at the effective lower bound of 0.25%, with the Bank Rate at 0.5%, and the deposit rate at 0.25%. BoC is maintaining its extraordinary …

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• 10 March 2021 5:52 pm

  US: Annual Core CPI Edges Lower to 1.3% in February

  

  Inflation in the US, as measured by the Consumer Price Index (CPI), arrived at 0.4% on a monthly basis in February and matched analysts’ estimate. On a yearly basis, the CPI rose to 1.7% as expected, the data published by the US Bureau of Labor Statistics showed on Wednesday.

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• 10 March 2021 5:17 pm

  Bank of Canada: Forecast From 5 Major Banks

  

  The Bank of Canada (BoC) is expected to leave interest rates unchanged and market waiting for its Rate Statement due out at 15:00 GMT. here are the expectations as forecast by the economists and researchers of eight major banks. TDS “We look for the Bank of Canada to leave policy …

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• 10 March 2021 4:32 pm

  Italy: Producer Prices Fall to Their Lowest Since 2019

  

  Italy’s producer prices fell 0.3% year-on-year in January 2021, after a 1.8% decline. It is the nineteenth consecutive month in which producer prices have fallen, but it is the softer one since July 2019. On a monthly basis, producer prices rose 1.4% in January, the largest number since July 2018.

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• 10 March 2021 3:51 pm

  Currencies Overview: USD Rising as Bonds Stabilize

  

  The dollar rose on Wednesday, recouping part of the losses it incurred on Tuesday night as the downward trend in US bond yields stopped for a year high. Subprime currencies, including the Australian and New Zealand dollars, retreated after posting big gains on Tuesday. Bitcoin slipped after previously exceeding $55,000 …

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• 10 March 2021 3:06 pm

  Turkish Lira Receives New Support

  

  Turkey’s unemployment rate fell to 12.2% in January and the labor force participation rate rose to 50% from a month ago, according to data released on Wednesday that was presented in a new form in line with international standards. The unemployment rate was 12.6% in December and 12.8% a year …

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• 10 March 2021 2:33 pm

  European Stocks Fell, Led by Mining And Travel Sectors

  

  European stocks fell on Wednesday, March 10, after rising close to pre-pandemic levels yesterday, as concerns about rising inflation kept investors anxious, and mining and travel stocks led the decline. The European Stoxx600 index fell 0.3%, after hitting its highest level since late February 2020 on Tuesday. Shares in economically …

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• 10 March 2021 1:38 pm

  A Spokesperson For The French Minister of Industry: No Contract Has Been Signed to Produce The Russian Sputnik V Vaccine

  

  A spokesman for the French Minister of Industry said Tuesday that no company in France has signed a contract with Russia to produce its Sputnik V vaccine against the Coronavirus, apparently contradicting comments made by the head of the Russian Direct Investment Fund. “As far as we know, no contract …

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• 10 March 2021 1:36 pm

  Russia says it Has Concluded Agreements With 4 European Countries to Manufacture The Sputnik V Vaccine

  

  The head of Russia’s sovereign fund said Tuesday (March 9th) that the fund has entered into agreements with production facilities in Italy, Spain, France, and Germany to manufacture the Sputnik V vaccine, the vaccine against COVID-19. The fund’s president’s speech came after he signed a commercial agreement with a Swiss …

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• 10 March 2021 12:55 pm

  China Consumer Price Index Beats Expectations

  

  China’s CPI fell 0.2% year-on-year in February 2021, after a 0.3% decline in the previous month and compared to the market consensus of 0.4%. It was the second consecutive month of deflation, as prices fell for both food and non-food items. On a monthly basis, consumer prices rose 0.6% in …

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