Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 11 March 2021 11:43 pm

  OPEC Expects Demand Recovery in H2 of 2021

  

  The Organization of the Petroleum Exporting Countries (OPEC) expects the recovery of the global demand for crude oil to be focused on the second half (H2) of 2021. OPEC’s monthly report, released on Thursday, expects global demand will rise by 5.89 million barrels per day (b/d) in 2021, raising its …

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• 11 March 2021 10:22 pm

  European Stocks Hit Year-High Following ECB Statement

  

  European stocks rose on Thursday to their best level in about a year, supported by the dovish tone of the European Central Bank (ECB), which earlier today decided to maintain interest rates and signaled plans to expand its asset purchases in the coming quarter. Reduced fears about a reflation gave …

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• 11 March 2021 9:35 pm

  DXY Extends Losses as Market Reacts to Data and Stimulus Bill

  

  The U.S. Dollar (USD) declined on Thursday as the recent inflation data helped ease reflation fears, pushed down Treasury bond yields, and improved risk sentiment, which reflected positively on other currencies. Market are reacting to the passing of the $1.9 trillion relief bill by Congress, which is expected to soon …

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• 11 March 2021 9:11 pm

  Inflation in Brazil Hits Highest Level in Four Years

  

  The inflation rate in Brazil exceeded 5% last month for the very first time in more than four years, as shown by official data on Thursday. Annual consumer inflation rose by 5.20% in February, its highest level since January 2017. The inflation rate exceeded market expectations of registering about 5.06%. …

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• 11 March 2021 7:47 pm

  U.S. Natural Gas Inventories Down 52 bcf

  

  Natural gas inventories in the United States decreased by 52 billion cubic feet (bcf) last week, according to the weekly report released on Thursday by the U.S. Energy Information Administration (EIA). Working natural gas in storage reached 1,793 bcf as of Friday, March 5, the report showed. Gas stockpiles were …

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• 11 March 2021 7:35 pm

  U.S. Job Openings Exceed Expectations in January: JOLTS

  

  The number of job openings in the United States rose by the end of January to 6.917 million, data showed on Thursday. The reading shown by the U.S. Bureau of Labor Statistics Job Openings and Labor Turnover Summary (JOLTS) came better than expectations of 6.6 million job openings. The number …

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• 11 March 2021 6:26 pm

  ECB: Lagarde Speech Highlights

  

  Christine Lagarde, President of the Europen Central Bank (ECB), is delivering her remarks on the monetary policy outlook in a press conference following the ECB’s decision to leave the policy settings unchanged. “Overal economic situation is expected to improve in 2021.” “Uncertainty remains.” “Persistently high COVID rates, lockdowns weigh on …

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• 11 March 2021 5:45 pm

  US: Weekly Initial Jobless Claims Decline to 712K

  

  There were 712,000 initial claims for unemployment benefits in the US during the week ending March 4, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 754,000 (revised from 745,000) and came in better than the market expectation of …

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• 11 March 2021 5:44 pm

  ECB Leaves Key Rates And PEPP Unchanged

  

  The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as expected.

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• 11 March 2021 4:43 pm

  IWH lowers Germany’s GDP forecast this year

  

  The German IWH Institute for Economic Research cut its 2021 growth forecast for Europe’s largest economy to 3.7% from the 4.4% it had forecast in December as the country faces the risk of a third wave of the Coronavirus pandemic. “For Germany in particular, there is a risk that the …

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• 11 March 2021 4:02 pm

  Rolls Royce Says That The Worst is Over After Incurring Record Losses

  

  The CEO of British engine manufacturer Rolls Royce predicted that the worst is over in the Covid-19 crisis, after the company recorded a record basic loss of four billion pounds, equivalent to $5.6 billion, in 2020 after its customers stopped operating flights. The company said that the rate of capital …

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• 11 March 2021 3:21 pm

  ECB Set to Leave Policy Unchanged: Forecast from 14 major banks

  

  The European Central Bank will announce its policy decision at 12:45 GMT, followed by the ECB President Christine Lagarde’s conference at 1330 GMT. here are the forecasts by the economists and researchers of 14 major banks. Danske Bank “We do not expect new policy decisions, but a reiteration of all …

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• 11 March 2021 2:45 pm

  The Turkish Lira Rises For The Third Day in Light of an Imminent Decision on Interest

  

  The Turkish lira rose about 1%, to offset some of the recent losses it incurred for the third day in a row with growing expectations that the central bank will raise interest rates from 17% next week. The lira was steady at 7.44 against the US dollar, rising from Wednesday’s …

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