Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 26 March 2021 1:37 pm

  Currencies Overview: Dollar Recovering on Improved Economic Outlook And Doubts Surround The Euro

  

  The dollar recorded its highest level in several months during trading against most major currencies today, Friday, supported by a wave of optimism about better US economic data, the distribution of Corona virus vaccines, and higher Treasury revenues. The euro recovered slightly ahead of German business confidence data due to …

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• 26 March 2021 12:59 pm

  Commodity Gains Push European Shares to a One-Week High

  

  European stocks rose today, supported by gains made by commodity-related companies as investors balance concerns about rising coronavirus infections with the prospects for a stronger economic recovery in the United States. The pan-European STOXX 600 index rose 0.8%, reaching its highest level in a week. The benchmark index is on …

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• 26 March 2021 12:45 pm

  UK Retail Sales Beats Estimates in February

  

  The UK retail sales came in at 2.1% over the month in February vs. 2.8% expected and -8.2% previous. The core retail sales, excepting the auto motor fuel sales, stood at 2.4% MoM vs 1.9% expected and -8.8% previous. YoY, the UK retail sales dropped by 3.7% in February versus …

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• 26 March 2021 12:31 pm

  Japan Stocks Closing Higher on a Jump in The Cycle-Related Sectors

  

  Japanese stocks closed higher on Friday, while SoftBank led the gains on the Nikkei index, as investors snapped up decliners after falling sharply this week. The Nikkei index rose 1.56% to close at 29,176.70 points, while the broader Topix index advanced 1.46% to 1,984.16 points. For the week, the Nikkei …

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• 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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