Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 16 March 2021 9:22 pm

  NAHB/Wells Fargo Housing Market Index Declines

  

  The U.S. builder confidence in the market of newly built single-family homes fell by two points to 82 in March, as shown by the latest NAHB/Wells Fargo Housing Market Index (HMI) on Tuesday. “Despite high buyer traffic and strong demand, builder sentiment fell in March as rising lumber and other …

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• 16 March 2021 7:39 pm

  U.S. Manufacturing Output Down 3.1% in February

  

  Manufacturing production in the United States declined by 3.1% in February, data by the U.S. Federal Reserve showed on Tuesday. The decline comes after nine consecutive months of increased in manufacturing output. The decline was largely attributed to the recent winter storms that especially affected oil production in Texas. Excluding …

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• 16 March 2021 7:32 pm

  U.S. Business Inventories Rise in January

  

  Business inventories in the United States increased in January by 0.3%, following a 0.8% rise in December, data by the U.S. Department of Commerce showed on Tuesday. Inventories declined by 1.8% compared with their level in January 2020. Retail inventories declined by 0.5% in January, after rising by 1.7% in …

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• 16 March 2021 5:47 pm

  U.S: Industrial Production in February contracts by 2.2%

  

  Industrial Production in the United States contracted by 2.2% on a monthly basis in February, the US Federal Reserve reported on Tuesday. This reading followed January’s expansion of 1.1% and missed the market expectation for an increase of 0.6% by a large margin.

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• 16 March 2021 5:23 pm

  US: Retail Sales Decline by 3% in February

  

  Retail Sales in the US fell by 3% in February to $561.7 billion, the data published by the US Census Bureau showed on Tuesday. This reading followed January’s increase of 7.6% (revised from 5.3%) and came in worse than the market expectation for a decrease of 0.5%.

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• 16 March 2021 4:26 pm

  German Investor Sentiment Improved on Expectations For a Broad-Based Recovery

  

  ZEW Economic Research Institute said investor sentiment in Germany improved more than expected in March thanks to expectations of a broad-based economic recovery in Europe’s largest economy. The institute said that its economic sentiment survey for investors rose to 76.6 points from 71.2 in the previous month. A Reuters poll …

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• 16 March 2021 3:26 pm

  Sterling Falls Due to a Jump in US Treasury Yields

  

  The pound fell again on Monday (March 15th) amid an increase in US Treasury yields and with the European Union launching legal action against Britain’s unilateral changes to trade arrangements with Northern Ireland. The 27-nation bloc said the changes violated the Brexit deal signed last year. The pound fell 0.22% …

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• 16 March 2021 2:46 pm

  Currencies Overview: Dollar Rising as Markets Await The Fed Meeting

  

  Caution dominated the currency markets on Tuesday, March 16th, before the start of the two-day monetary policy committee meeting of the US Federal Reserve. It is expected that policymakers in the Council expect that the US economy will grow in 2021 at the fastest pace in decades with the decline …

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• 16 March 2021 1:57 pm

  European Shares Rise, Supported by Positive Outlook

  

  European stocks rose on Tuesday, March 16th, as German online fashion retailer Zalando and carmaker Volkswagen jumped on a positive earnings outlook, while investors awaited the US Federal Reserve’s views on recent inflation increases. The European Stoxx600 index rose 0.4%, growing closer to an all-time high reached last year and …

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• 16 March 2021 1:03 pm

  Gold Rises as US Bond Yields Fall Ahead of a US Fed Meeting

  

  Gold prices rose on Tuesday, March 16th, as US Treasury yields fell, while investors awaited a Fed meeting likely to dispel concerns about rising inflation. The spot price of gold rose 0.2% to $1735.76 an ounce while US gold futures rose 0.4% to $1735.90. The expectations of policymakers at the …

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• 16 March 2021 12:36 pm

  Japan shares Closing Higher on Recovery Hopes And Topix is at a 20-Year Peak

  

  Japanese shares closed higher on Tuesday, March 16th, and the Topix index reached a 20-year high, as technology stocks tracked Wall Street’s gains amid hopes for a strong economic recovery in the United States. The broader Topix index rose 0.65% to 1981.50 points, the highest closing level since May 1991, …

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• 16 March 2021 12:34 pm

  Asian Stocks Rise Ahead of The Fed

  

  Asian stocks rose on Tuesday, tracking the advance of Wall Street’s major indexes to record highs, as investors looked forward to major central bank meetings this week, starting with the US Federal Reserve. The region’s stock market index excluding Japan rose 0.7%, led by a 1.2% jump in the benchmark …

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• 16 March 2021 11:23 am

  Oil Falling as Demand Worries Increase on The Increase in Inventories

  

  Oil prices fell for the third session in a row on Tuesday (March 16th), as an increase in stocks in the United States exacerbated concerns about risks facing demand, with countries including Germany and France halting vaccinations to prevent Covid-19. Brent crude fell 49 cents, equivalent to 0.7%, to $ …

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