Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 19 March 2021 9:53 pm

  U.S. Oil Rigs See Largest Increase since January

  

  The number of active rigs drilling for crude oil and natural gas in the United States increased by nine rigs to 411 this week, weekly data by Baker Hughes showed on Friday. The increase in the rig count was entirely attributed to the increase in oil rigs to 318, while …

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• 19 March 2021 8:44 pm

  Russia’s Central Bank Hikes Interest Rate to 4.5%

  

  The Central Bank of Russia on Friday decided to raise its main interest rate by 0.25% to 4.5%, due to the recent rise in inflation above the central bank’s forecasts. The bank’s policy statement noted that “domestic demand is recovering more steadily and faster than expected, outstripping the pace of …

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• 19 March 2021 7:43 pm

  DXY Rises as Fed Allows Expiry of SLR Rule Changes

  

  The U.S. Dollar (USD) is showing a mostly positive performance on Friday, supported by the rise in Treasury bond yields and the Federal Reserve’s decision to end the temporary change to the supplementary leverage ratio (SLR) for depository institutions by the end of the month as scheduled. “The temporary change …

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• 19 March 2021 6:43 pm

  S&P 500 and Dow Jones Retreat Amid Lower Financial Stocks

  

  The S&P 500 and the Dow Jones fell slightly at the opening trades on Friday, as financial stocks dropped after the US Federal Reserve’s decision to allow the exemption from some requirements related to bank debts to expire. The Dow Jones Index fell 3.9 points, or 0.01%, to 32,858.36. The …

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• 19 March 2021 5:48 pm

  Canada: Retail Sales Decline by 1.1% in January vs. -3% Expected

  

  Retail Sales in Canada declined by 1.1% in January to $54.5 billion, the data published by Statistics Canada revealed on Friday. This reading followed December’s decrease of 3.4% and came in better than analysts’ estimate for a fall of 3%.

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• 19 March 2021 5:44 pm

  Oil Prices Rise on Demand Concerns, Vaccination Slowing Down

  

  Oil prices increased by more than a dollar during the European session, after a major sell-off witnessed in the previous session, as a new wave of Coronavirus cases across Europe triggered general isolation measures and dampened hopes for an imminent oil demand recovery. Brent crude rose $ 1.01, or 1.6%, …

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• 19 March 2021 5:44 pm

  US: Philadelphia Fed Manufacturing Index Jumps to 51.8 in March vs. 23.1 Expected

  

  The Federal Reserve Bank of Philadelphia reported on Thursday that the headline Manufacturing Activity Index of the Manufacturing Business Outlook Survey improved sharply to 51.8 in March from 23.1. This reading beat the market expectation of 23.1 by a wide margin.

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• 19 March 2021 4:19 pm

  Germany’s Health Minister Warns Against Re-imposing Restrictions Amid The Surge in Coronavirus Cases

  

  A health official in Germany said today, Friday, that the number of Coronavirus cases is rising dramatically. Lars Shade, vice president of the Robert Koch Institute for Infectious Diseases, urged people not to travel during the Easter holidays to contain the increase in cases. Today’s data of the Robert Koch …

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• 19 March 2021 4:05 pm

  Russia: OPEC+ Decision Supports The Budget Plan

  

  Today, the Russian Central Bank raised the main interest rate to 4.5% in light of inflationary risks and at the geopolitical level, and hinted that more will follow. The decision to raise interest rates, from a record low of 4.25 percent, contrasted with a Reuters poll that expected Russia to …

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• 19 March 2021 3:31 pm

  Gold Gaining Ground on the Decline of The Dollar and US Bond Yields

  

  Gold is on the path of achieving its second consecutive weekly gain today, as it is supported by a slight decline in the dollar and US Treasury revenues. Spot gold rose 0.3% to $1740.99 an ounce. And the yellow metal is up more than 0.6 percent since the beginning of …

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• 19 March 2021 2:49 pm

  UK Borrowed 19.1 billion Pounds in February

  

  Official data revealed today that the British government borrowed 19.1 billion pounds last month, less than the expectation in a poll conducted by Reuters to borrow 21 billion pounds (29.2 billion dollars), bringing borrowing in the first 11 months of the financial year to nearly 279 billion pounds.

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• 19 March 2021 2:01 pm

  The Nikkei Index Declines on The BOJ’s ETF purchasing plan, Topix at a 30-Year High

  

  Japan’s benchmark Nikkei index fell, while the Topix index reached its highest level in 30 years, as the Bank of Japan (BOJ) said it would only buy into index funds linked to Topix after a review of its policy framework. The Nikkei index closed down by 1.41% to 29,792.05 points, …

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• 19 March 2021 1:32 pm

  European shares Drop on Lockdown Fears And Oil Decline

  

  European stocks fell today, erasing a large part of its weekly gains, after France imposed new general isolation measures to curb the spread of the Corona virus, in light of indications of slowing vaccination in some countries. The pan-European STOXX 600 index fell 0.6%, tracing a negative session on Wall …

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