Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 15 March 2021 3:53 pm

  Currencies Overview: Dollar Continues to Rally on Yield Gains

  

  The dollar rose for the second session in a row today, as the increase in US Treasury bond yields prompted dealers to reduce their bet on the dollar’s ​​decline to its lowest level in four months. The yield on the 10-year bond was trading at 1.6320% on Monday, close to …

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• 15 March 2021 3:05 pm

  European Stocks Rise And Danone jumps After Chief Executive is Ousted

  

  European stocks rose today on the back of gains from French food company Danone and Swiss pharmaceutical company Roche, with optimism about a strong economic recovery easing concerns about an acceleration in inflation. The STOXX 600 index rose 0.7% in early trade, slightly close to its highest level last year, …

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• 15 March 2021 2:32 pm

  Italy Announces a Plan to Vaccinate at Least 80% of The Population Against Corona by September

  

  Italy said on Saturday it aims to vaccinate at least 80% of its population against COVID-19 by September by ramping up its daily vaccination campaign. Francesco Paolo Vignolo, the new special commissioner for the Coronavirus, announced a general plan to distribute 500,000 vaccine doses per day, according to a statement …

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• 15 March 2021 2:00 pm

  Turkish Car Production Drops 9% in February

  

  The Turkish Automobile Industry Federation said that the country’s auto sector production fell 9.3% year-on-year in February to 116,88 cars, and exports fell 14.3% to 87,908 cars. said that in the period from January to February, production decreased 6.5 percent to 222,264 cars, while exports decreased 14.1.

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• 15 March 2021 1:38 pm

  Brent Crude Heading to $70 as The Outlook For Chinese Energy Demand Improves

  

  Oil prices rose today, and Brent is heading towards the level of seventy dollars a barrel, as data show the acceleration of the Chinese economic recovery at the beginning of 2021, which supports the energy demand of the largest importer of oil in the world. Brent crude for May delivery …

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• 15 March 2021 1:04 pm

  Gold Gives up Gains Amid Hopes of a Quick Recovery After Chinese Data

  

  Gold prices erased their early gains today, as hopes for a faster economic recovery were supported by better-than-expected Chinese industrial production data, and pressure continued on the metal due to high US bond yields. There was little change in the price of gold in the spot market at $1724.68 an …

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• 15 March 2021 12:34 pm

  Japan Shares Closed Higher, Posting 3% Weekly Gain

  

  Japanese stocks rose on Monday thanks to the optimism that accompanied the approval of a huge US stimulus package to support stocks linked to the economic cycle, while SoftBank Group shares fell, while other technology companies recorded limited gains. The Nikkei index rose 0.17% to close at 29,766.97 points, and …

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• 15 March 2021 8:43 am

  Weekly Recap: 8-12 March

  

  Weekly Recap: 8-12 March The second week of March saw the official ratification of a huge stimulus package in the United States called the “American Rescue Plan” that was signed by President Joe Biden after being passed by Congress. The $1.9 trillion relief plan will raise direct monthly payments to …

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• 13 March 2021 12:33 am

  Oil Records Weekly Losses

  

  Oil prices declined on Friday, amid increasing selling pressures for profit making, amid the rise of the U.S. Dollar (USD) and Treasury bond yields. Brent crude futures declined by   44 cents, or 0.63%, to $69.19 per barrel, falling by 0.25% for the week. Meanwhile, the West Texas Intermediate (WTI) …

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• 13 March 2021 12:12 am

  Gold Posts First Losses in Four Days Limiting Weekly Rise

  

  Gold prices declined on Friday, after rising for three consecutive sessions, as the U.S. Dollar (USD) Treasury bond yields rose again. The yellow metal futures for April delivery finished lower by $2.80, or 0.2%, at $1,719.80 per ounce. For the week, gold’s most active contracts rose by nearly 1.3%. The …

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• 12 March 2021 10:04 pm

  Brazil’s Retail Sales Decline in January for Third Month in Row

  

  Retail sales in Brazil declined in January, for the third consecutive month, by 0.2%, data showed on Friday. The decline follows a 6.2% drop in retail sales in December, which was the second biggest on record, according to Reuters. Declining retail sales were attributed to a weaker performance by the …

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• 12 March 2021 9:46 pm

  European Stocks Close Mixed but Record High Weekly Gains

  

  European stocks declined on Friday, as Treasury bond yields resumed their upward trend, limiting their weekly gains that were boosted by yields declining and reflation fears easing. The STOXX Europe 600 index finished the last session of the week down by 0.26%, after three consecutive daily rises, narrowing its weekly …

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• 12 March 2021 8:14 pm

  Mexico’s Industrial Output Rises for Eighth Month in Row

  

  Industrial production in Mexico increased by 0.2% in January, maintaining expansion for the eighth consecutive month, data showed on Friday. The increase in industrial output was supported by the rise in construction activity, which grew by 1.5% compared to its level in December, while manufacturing decreased by 0.5%. On an …

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