Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 26 March 2021 12:15 pm

  Kepler: 7 LNG Carriers Diverted After Suspension of Navigation in The Suez Canal

  

  Seven LNG carriers have diverted their route away from the Suez Canal after shipping was suspended in it due to the stranding of a giant container ship since Tuesday, according to Kepler, a data analysis company. Kepler analyst Rebecca Shea said that three of the tankers are being diverted towards …

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• 26 March 2021 1:35 am

  NYSE Rebounds and Closes Higher

  

  The New York Stock Exchange (NYSE) recovered from its earlier losses to end Thursday’s trading session on a higher note, supported by positive economic data and expectations for recovery. The Dow Jones Industrial Average surged by 199.4 points, or 0.62%, to finish at 32,619.5 points. The S&P 500 index gained …

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• 26 March 2021 1:25 am

  Oil Resumes Losses amid Demand Outlook Worries

  

  Oil prices declined on Thursday, amid renewed concerns about demand recovery amid a resurgence of the Coronavirus pandemic with a third wave and lockdown measures in Europe. Losses come one day following the rise of oil futures due to supply disruption caused by an incident that affected flows through the …

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• 26 March 2021 1:14 am

  Gold Closes Lower as USD Strengthens

  

  Gold prices declined on Thursday, as the U.S. Dollar (USD) rose against major rivals supported by the high Treasury bond yields and positive economic data. The yellow metal futures for April delivery closed lower by $8.10, or 0.5%, at $1,725.10 per ounce. Gold has now given up all of its …

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• 25 March 2021 11:10 pm

  Fed’s Bostic Expects Full Employment in 2022

  

  The President of the Federal Reserve Bank of Atlanta, Raphael Bostic, said on Thursday that the U.S. economy is in a battle to achieve recovery in the job market, expecting full employment next year. Bostic also expects the Fed will raise interest rates by 2023. As for inflation, he noted …

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• 25 March 2021 11:05 pm

  Fed’s Evans Expects Employment and Inflation Targets by 2024

  

  The United States economy could by achieving the targets set by the Federal Reserve by 2024, the President of the Federal Reserve Bank of Chicago, Charles Evans, said on Thursday. Although Evans expects the unemployment rate to reach 4.5% this year, achieving substantial progress towards full employment, and inflation to …

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• 25 March 2021 10:33 pm

  GBP/USD Rebounds Following Five Declines in Row

  

  The British Pound (GBP) is rising on Thursday, supported by a positive sentiment as the United Kingdom (UK) and the European Union (EU) vowed to cooperate to reach a settlement to the current disagreements in a way that would facilitate cooperation in vaccine distribution and transportation. Despite a mostly positive …

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• 25 March 2021 10:21 pm

  Fed’s Clarida Expects Faster Recovery from COVID-19 Compared to Financial Crisis

  

  The United States Federal Reserve will maintain its current policies until the economy recovers from the Coronavirus (COVID-19) pandemic, said the Fed Vice Chair Richard Clarida, Reuters reported. The Fed’s easing policies “are providing powerful support to the economy and will continue to do so as the recovery progresses.” “It …

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• 25 March 2021 9:16 pm

  European Stocks Close Mostly Lower

  

  European stocks closed lower on Thursday, amid concerns about the third wave of the Coronavirus pandemic and the consequent lockdown measures in Europe, which is negatively affecting the outlook for economic recovery in the Eurozone. The STOXX Europe 600 index finished lower by 0.14% at 422.81 points. Similarly, the UK’s …

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• 25 March 2021 8:15 pm

  Fed’s Barkin: Monetary Policy is Based on Outcomes not Projections

  

  The United States could see strong economic growth for a number of years, supported by consumers spending excess savings that made during the pandemic, President of the Federal Reserve of Richmond Tom Barkin told Reuters. Barkin reportedly refused to discuss in more detail his expectations for interest rates and bond …

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• 25 March 2021 7:35 pm

  USD Hits New Four-Month High

  

  The U.S. Dollar (USD) rose on Thursday to its highest level in four months, supported by the high Treasury bond yields and positive economic data. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.27% at 92.78, after touching …

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• 25 March 2021 5:55 pm

  Cargo Ship Blocking Suez Canal Could Take Weeks to Move

  

  The operator of the giant container ship that ran aground in the Suez Canal said that there will be another attempt to float the vessel later today after an earlier attempt failed. The ship operator Bernard Schulte, which operates the Evergiven, said in a statement that dredging operations of sand …

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• 25 March 2021 5:16 pm

  US: Real GDP Expands by 4.3% in Q4

  

  The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 4.3% in the fourth quarter, the US Bureau of Economic Analysis reported on Thursday. This reading came in better than the previous estimate and market expectation of 4.1%.

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