Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 2 March 2021 2:16 pm

  Eurozone Preliminary CPI misses Estimates with 0.9% YoY in February

  

  According to Eurostat’s initial reading of the Eurozone CPI report for February, European Consumer Price Index (CPI) came in steady at 0.9%. This annual reading is missing the estimation of 1%. The core reading rose by 1.1% annually in same period when compared to the estimated reading of 1.1% and …

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• 2 March 2021 1:56 pm

  Unexpected Surge in German Unemployment

  

  German unemployment rose in February for the first time since last June, data showed on Tuesday, according to Reuters. The Labor Office said the number of people out of work rose by 9,000 in seasonally adjusted terms to 2.752 million.

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• 2 March 2021 1:15 pm

  Gold Falls to Its Lowest Level in More Than 8 Months Due

  

  Gold prices fell to their lowest level in 8 and a half months Tuesday, March 2, as the rise of the dollar and US Treasury bond yields undermined investors’ appetite for the yellow metal that does not yield a return. Gold fell in the spot market 0.3% to $ 1717.99 …

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• 2 March 2021 12:39 pm

  Japan Shares Closed Lower as Investors Booked Profits

  

  Japanese stocks reversed their direction to close lower on Tuesday, March 2nd as investors booked profits following the strong rally in indices before the end of the fiscal year this month. Investors close their books at the end of the financial year on the last day of March, and many …

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• 2 March 2021 3:51 am

  U.S. Treasury Yields Mostly Decline but Remain Near Year-High

  

  Treasury yields in the United States mostly declined on Monday, showing signs of stability following last week’s surge to their highest level in about a year. The benchmark 10-year Treasury bond yield decreased by 1.5 basis points to 1.444%. Meanwhile, the return on the 30-year bond added 3.2 basis points …

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• 2 March 2021 3:45 am

  Goldman Sachs Restarts Cryptocurrency Desk

  

  Goldman Sachs Group resumed the activity of its cryptocurrency trading desk, Reuters reported. As part of the Global Markets division, the bank will begin trading bitcoin futures starting next week, according to an unnamed source. The bank is reportedly exploring the potential for a bitcoin exchange traded fund (ETF). The …

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• 2 March 2021 3:27 am

  Oil Closes Lower Ahead of OPEC Meeting

  

  Oil prices declined on Monday, as the market is anticipating the upcoming OPEC+ summit this week, which will decide on production policy during March. The meeting is expected to see the easing of output curbs amid the recovery of global crude prices. Brent crude futures for May delivery declined by …

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• 2 March 2021 2:11 am

  Gold Maintains Losses for Fifth Session in Row

  

  Gold prices declined on Monday, falling for the fifth consecutive session, and beginning the month of March with a negative performance amid a retreat in Treasury yields. The yellow metal futures for April delivery finished lower by $5.80, or 0.3%, at $1,723 per ounce. This is the lowest closing level …

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• 2 March 2021 12:48 am

  Fed’s Brainard Promises Reforms Following Stress Test

  

  The United States Federal Reserve Governor Lael Brainard said on Monday that the coming months will see a number of regulatory reforms to help the financial system cope with the Coronavirus pandemic, Bloomberg reported. Brainard’s remarks came in her speech to the Institute of International Bankers. “We should not miss …

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• 1 March 2021 10:59 pm

  Fed’s Barkin: Investors Should Not Focus on When Will Easing Policies End

  

  The President of the Federal Reserve Bank of Richmond, Thomas Barkin, called upon investors to focus on the Fed’s policy and its impact on economic recovery, instead of being distracted by expectations of when would interest rates or asset purchases be changed, Reuters reported. The Fed’s guidance “is as clear …

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• 1 March 2021 10:29 pm

  European Stocks Finishes Higher

  

  European stocks rose on Monday, amid a decline in treasury yields, and an improvement in investors’ sentiment due to positive news about Coronavirus vaccines. The STOXX Europe 600 index surged by 1.80% to close the first session of March at 412.27 points, amid a positive performance by most market sectors. …

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• 1 March 2021 10:17 pm

  U.S. Manufacturing PMI Declines in January – IHS Markit

  

  The seasonally adjusted United States Manufacturing Purchasing Managers’ Index (PMI) registered a final reading of 58.6 in February, down from 59.2 in January, data by IHS Markit showed on Monday. This marked the second strongest performance by the U.S. manufacturing sector in almost 11 years. The reading indicated an upturn …

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• 1 March 2021 8:19 pm

  U.S. Manufacturing PMI Rises to Three-Year High – ISM

  

  The manufacturing activity in the United States expanded last month to its best level in about three tears, as the American economy is recovering from the Coronavirus pandemic by recording its ninth consecutive month of growth. The February manufacturing purchasing managers index (PMI) increased by 2.1% in February to a …

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