Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 9 March 2021 10:32 am

  Oil Prices Declining After Jumping Above $70 a Barrel Following Attack on oil facilities in Saudi Arabia

  

  Oil prices retreated on Monday after jumping earlier in the session above $70 a barrel for the first time since the start of the Coronavirus crisis, following attacks on Saudi oil facilities. Brent crude futures, the world record, ended the trading session down $1.12, or the equivalent of 1.61%, to …

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• 9 March 2021 4:26 am

  House to Vote on $1.9 Tr Relief Bill on Wednesday

  

  The United States House of Representatives is set to hold a final vote on the $1.9 trillion relief bill next Wednesday. It was originally planned that the vote will take place on Tuesday, but CNN reported that it will most likely take place on Wednesday, citing senior Democrats in Congress. …

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• 9 March 2021 1:30 am

  NYSE Closes Monday on Mixed Note

  

  The main indices of the New York Stock Exchange (NYSE) showed a mixed performance on Monday, amid an improved investors’ sentiment and the rise in Treasury bond yields following the passing of the $1.9 trillion relief bill by the U.S. Senate. The Dow Jones Industrial Average closed lower by 0.97% at …

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• 9 March 2021 1:11 am

  U.S. Treasury Yields at Highest Level in More than a Year

  

  Treasury bond yields in the United States continued to rise on Monday, as selling pressures on long-term debt instruments continued due to expectations of a rise in inflation and strong economic recovery. The benchmark 10-year Treasury bond yield rose to their highest level in nearly 13 months, adding 4.3 basis …

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• 9 March 2021 12:38 am

  Oil Prices Decline for First Time in Five Sessions

  

  Oil prices declined on Monday for the first time in five sessions after briefly rising due to fears about geopolitical tensions. Brent crude futures for May delivery lost $1.12 or 1.6%, to close at $68.24 per barrel. The global benchmark futures exceeded $71.3 per barrel yesterday, trading higher than $70 …

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• 8 March 2021 11:41 pm

  Gold Settles at Lowest Level in Nearly a Year

  

  Gold prices declined on Monday to their lowest level in about a year, as the U.S Dollar (USD) and Treasury bond yields continued to rise strongly, supported by expectations of economic recovery, especially after the Senate passed the $1.9 trillion stimulus package. The yellow metal futures for April delivery dropped …

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• 8 March 2021 11:33 pm

  U.S. Congress Questions Facebook’s Advertising Policy

  

  The United States House of Representatives on Monday questioned the CEO of Facebook, Mark Zuckerberg, about the social network’s policies regarding ads directed towards gun accessories and protective equipment, Reuters reported. The claim is that ads about weapons were placed next to content that amplified election misinformation and news about …

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• 8 March 2021 10:50 pm

  USD Surges to Highest Level in Three Months

  

  The U.S. Dollar (USD) rose on Monday, reaching its highest level in three and a half months, supported by higher demand due to the increasing Treasury bond yields. The Dollar Index (DXY), which measures the USD’s performance against a basket of six major international currencies, is up by 0.35% at …

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• 8 March 2021 9:26 pm

  European Stocks Finish Monday with Strong Gains

  

  European shares finished Monday higher, opening the second week of March with a positive performance, as investor’s sentiment improved on the back of positive expectations of economic recovery, following the passing of the huge stimulus bill in the United States by the Senate. The STOXX Europe 600 index closed up …

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• 8 March 2021 9:10 pm

  Yellen: Relief Bill to Fuel Strong Growth

  

  The United States Secretary of the Treasury, Janet Yellen, said on Monday that the $1.9 trillion relief bill will strongly help economic recovery from the impact of the Coronavirus pandemic, Reuters reported. “This is a bill that will really provide Americans the relief they need to get to the other …

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• 8 March 2021 7:30 pm

  U.S. Wholesale Inventories Rise 1.3% in January

  

  Wholesale inventories in the United States increased by 1.3% in January, data by the U.S. Census Bureau showed on Monday. Inventories now stand at $661.7 billion, rising by 0.6% on an annual basis. Meanwhile, wholesalers sales recorded an adjusted rise of 4.9% in the first month of the year, amounting …

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• 8 March 2021 4:40 pm

  Investor Confidence Jumping to a Year High in Eurozone

  

  Today’s survey showed that an indicator of investor confidence in the eurozone jumped in March to its highest reading in more than a year, supported by an improved outlook for the current situation. The Sentex Eurozone index rose to 5.0 from -0.2 in February, its highest level since February 2020. …

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• 8 March 2021 3:43 pm

  Fall of The Turkish Lira Over Two-Week

  

  The Turkish lira fell 0.7% today, recording a decline in ten of the last eleven sessions, with high inflation, global bond yields and oil prices in a test of the central bank’s pledge to tighten monetary policy. After raising interest rates to 17% in December, Central Bank Governor Naji Iqbal …

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