Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 25 March 2021 5:55 pm

  Cargo Ship Blocking Suez Canal Could Take Weeks to Move

  

  The operator of the giant container ship that ran aground in the Suez Canal said that there will be another attempt to float the vessel later today after an earlier attempt failed. The ship operator Bernard Schulte, which operates the Evergiven, said in a statement that dredging operations of sand …

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• 25 March 2021 5:16 pm

  US: Real GDP Expands by 4.3% in Q4

  

  The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 4.3% in the fourth quarter, the US Bureau of Economic Analysis reported on Thursday. This reading came in better than the previous estimate and market expectation of 4.1%.

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• 25 March 2021 4:50 pm

  US: Weekly Initial Jobless Claims Decline to 684K

  

  There were 684,000 initial claims for unemployment benefits in the US during the week ending March 20, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 781,000 (revised from 770,000) and came in much better than the market expectation …

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• 25 March 2021 4:47 pm

  EUR/USD Drops Below 1.1800 For The First Time Since November

  

  The EUR/USD pair extended its daily slide and touched its lowest level since mid-November at 1.1797. to be updated …

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• 25 March 2021 4:27 pm

  Currencies Overview: US Dollar Remains Near a 4-Month high Against The Euro With The Prospects for Recovery Mixed

  

  The dollar rose as European markets opened Thursday (March 25th) after reaching a four-month high against the euro during the Asian session, with market participants focusing on the divergent recovery prospects in the United States and Europe and a dwindling risk appetite. Global stock markets fell to their lowest levels …

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• 25 March 2021 3:01 pm

  SNB Leaves Policy Rate Unchanged

  

  The Swiss National Bank (SNB) board members announced a no change to their monetary policy settings after it concluded the December quarter monetary policy assessment on Thursday. The SNB kept the key sight deposit rate steady at -0.75% while maintaining the 3-Month Libor Target Range steady between -1.25% to -0.25%, …

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• 25 March 2021 3:00 pm

  The European Union Announces a Plan For Stricter Controls on Exports of The Coronavirus vaccine

  

  The European Commission introduced new controls on Wednesday, March 24, to restrict exports of coronavirus vaccines from the 27-member bloc. Officials worry that drug companies will fail to meet delivery targets in the coming months. The Commission, the executive arm of the European Union, wants to ensure that member states …

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• 25 March 2021 1:34 pm

  German Consumer Sentiment Continues to Improve

  

  A survey showed that German consumer sentiment improved for the second month in a row as April approaches, supported by easing lockdown measures at the start of March, but a recent decision to extend restrictions has caused uncertainty around expectations. The GFK Research Institute said its consumer sentiment index, based …

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• 25 March 2021 1:23 pm

  Gold Rises on Virus Fears in Europe And Rise of in USD Curbed The Gains

  

  Gold prices rose Thursday, March 25th, as an increase in Covid-19 infections in Europe fueled fears about the pace of the economy’s recovery, but the rise of the dollar curbed the gains of the yellow metal. Spot gold increased 0.1% to $1736.51 an ounce and US gold futures rose 0.2% …

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• 25 March 2021 1:20 pm

  Oil Declining as Demand Concerns Outweigh The Disruption of Suez Canal

  

  Oil prices have fallen by more than 2% as the new general isolation measures aimed at combating the Coronavirus have revived concerns about the demand for oil products, even as boats face difficulties to float a stranded container ship that blocks the route of crude oil tankers in the Suez …

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• 25 March 2021 12:41 pm

  Japan Stocks Closing Higher on a Jump in The Cycle-Related Sectors

  

  Japanese stocks closed higher on Thursday, March 25th, as investors bought shares linked to the economic cycle that had fallen in the past, but the gains were curbed by technology stocks that traced the Nasdaq downward trail. The Nikkei index closed up 1.14% to 28,729.88 points, ending a four-day losing …

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• 25 March 2021 5:49 am

  UK and EU Working on Vaccine Cooperation as New Variant Emerges in India

  

  The United Kingdom (UK) and the European Union (EU) released a joint statement, expressing aim for cooperation and creating a win-win situation by expanding vaccine supply for all citizens. “We are all facing the same pandemic and the third wave makes cooperation between the EU and UK even more important. …

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• 25 March 2021 2:09 am

  Oil Surges 6% amid Concerns about Supply Flows

  

  Oil prices surged and closed higher on Wednesday, a day following entering into the correction territory, after an incident in Egypt’s Suez Canal led to concerns about the flow of global crude supplies. Oil stockpiles in the United States rose last week by 1.9 million, the U.S. Energy Information Administration …

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