Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 17 March 2021 11:30 pm

  Fed Vows to Maintain Interest Rates and Asset Purchases

  

  The United States Federal Reserve has decided on Wednesday to maintain interest rates unchanged, keeping the target range for the federal funds rate at 0-0.25%. In addition, the Federal Reserve will continue to increase its holdings of Treasury securities by at least $80 billion per month and of agency mortgage‑backed …

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• 17 March 2021 10:01 pm

  Federal Reserve Maintains Interest Rates Unchanged

  

  The United States Federal Reserve announced on Wednesday to maintain main interest rates unchanged at their historically low levels, following a two-day meeting that was concluded earlier today.

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• 17 March 2021 9:45 pm

  European Stocks Close Mostly Lower Ahead of Fed Statement

  

  European stocks finished lower on Wednesday with investors awaiting the outcome of the U.S. Federal Reserve policy meeting later today. The STOXX Europe 600 index declined by 0.41% and closed at 425.08 points, with the mining sector leading the decline and losing 1.9%, while the auto sector continued to make …

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• 17 March 2021 9:23 pm

  AUD/USD Maintains Losses for Fourth Day

  

  The Australian Dollar (AUD) on Wednesday continues to decline for the fourth consecutive day against the U.S. Dollar (USD) ahead of the release of the U.S. Federal Reserve policy statement. Recently issued minutes of the latest policy meeting by the Reserve Bank of Australia (RBA) showed various concerns about the …

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• 17 March 2021 7:54 pm

  Wall Street Mostly Lower at Early Trade

  

  The main indices of the New York Stock Exchange (NYSE) are showing a mixed performance during Wednesday’s trading session. Rising Treasury bond yields ahead of the release of the Federal Reserve second policy statement this year are increasing selling pressures in Wall Street. The Dow Jones Industrial Average is up …

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• 17 March 2021 7:41 pm

  U.S. Oil Inventories Rise 2.4 M Barrels in Week

  

  Crude oil inventories in the United States increased by about 2.4 million barrels last week, according to the weekly report of the U.S. Energy Information Administration (EIA). Oil stockpiles totaled 500.8 million barrels for the week ending March 12, 2021. Meanwhile, gasoline inventories increased by 0.5 million barrels, while distillate …

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• 17 March 2021 6:35 pm

  Fed: Forecast From 5 Major Banks

  

  The Federal Reserve is set to leave its policy unchanged but publish closely-watched forecasts for growth, inflation, employment and interest rates. Markets foresee an earlier increase in borrowing costs than the Fed and fear a bump up in inflation.  Federal Reserve Chair Jerome Powell will hold a press conference at …

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• 17 March 2021 5:59 pm

  Eurozone Govt Bond Trading, Issuance Jumped in 2020

  

  A report by the Federation of Financial Markets in Europe said that the volume of trading in European government bonds increased to the highest level in five years in 2020. Added that the average annual trading volume increased 0.9% year-on-year to 71.7 billion euros last year, the highest since 2015. …

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• 17 March 2021 5:15 pm

  Canada: Annual CPI Edges Higher to 1.1% in February

  

  Inflation in Canada, as measured by the Consumer Price Index (CPI), was 0.5% in February, the data published by Statistics Canada showed on Wednesday. On a yearly basis, the CPI edged higher to 1.1% from 1% but fell short of the market expectation of 1.3%. Moreover, the Bank of Canada’s …

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• 17 March 2021 4:56 pm

  US: Housing Starts Decline by 10.3% in February

  

  Housing Starts in the US declined by 10.3% on a monthly basis in February following January’s 5.1% decline, the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Wednesday. Further details of the publication revealed that Building Permits fell by …

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• 17 March 2021 4:00 pm

  Currencies Overview: Dollar Rising as Bond Yields Rise Ahead of FED

  

  The US dollar rose on Wednesday, March 17th and 10-year Treasury yields approached a 13-month peak ahead of the US Federal Reserve meeting that may shed some light on the timing of future interest rate hikes and the bank’s tolerance for higher yields. Policymakers are expected to release forecasts for …

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• 17 March 2021 2:59 pm

  Euro Area Annual Core CPI Remains Steady at 1.1%

  

  Inflation in the euro area, as measured by the Consumer Price Index (CPI), stayed unchanged at 0.2% and 0.9% on a monthly and yearly basis, respectively, in February as expected. Further details of the report published by Eurostat revealed that the annual Core CPI, which excludes volatile food and energy …

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• 17 March 2021 2:04 pm

  The US Dollar on The Positive Side Ahead of The Fed Meeting

  

  The US dollar index traded on the positive side on Wednesday near 91.90 amid a state of caution prevailing among traders ahead of the highly anticipated Fed meeting later in the day. Investors are anticipating that the Fed will raise growth forecasts after approving the massive stimulus package plus the …

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