Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 17 March 2021 2:22 am

  Wall Street Closes Mostly Lower Ahead of Fed Meeting

  

  The New York Stock Exchange (NYSE) finished mostly lower on Tuesday with Wall Street investors shifting their focus towards the outcomes of the U.S. Federal Reserve policy meeting. The Dow Jones Industrial Average ended an upward trend that lasted for seven sessions including four consecutive record closing levels until yesterday, …

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• 17 March 2021 1:11 am

  Oil Maintains Losses for Third Day

  

  Oil prices continued to decline for the third consecutive session on Tuesday, amid concerns about the recovery of the global demand and overcoming the Coronavirus crisis. Brent crude futures finished lower by 49 cents at $68.39 per barrel. Meanwhile, the West Texas Intermediate (WTI) futures plunged by 59 cents and …

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• 17 March 2021 12:00 am

  Gold Futures Close at Two-Week High

  

  Gold prices rose on Tuesday to finish at their highest level in about two weeks, supported by expectations that the Federal Reserve policy statement will help lower Treasury bond yields. The yellow metal futures for April delivery rise by $1.70, or 0.1%, to close at $1,730.90 per ounce. This the …

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• 16 March 2021 11:22 pm

  Bank of Canada Could Soon Reduce Bond Buying

  

  The Bank of Canada (BoC) is expected to reduce its bond purchases in April, according to a recent report by Reuters citing market experts. The move would signal developments in the recovery of the Canadian economy from the impact of the Coronavirus pandemic, but it would also be out of …

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• 16 March 2021 11:00 pm

  European Stocks Close Higher Ahead of Fed Meeting

  

  European stocks rose on Tuesday, amid positive expectations about economic recovery, and a positive performance by the auto sector after Germany’s Volkswagen announced positive forecasts for the industry. The pan-European STOXX 600 index gained 0.87% and closed at 426.75 points. Meanwhile, the French CAC40 added 0.32%, while the German DAX …

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• 16 March 2021 9:37 pm

  USD Steadies and Struggles for Direction Ahead of Fed Meeting

  

  The U.S. Dollar (USD) steadied on Tuesday, fluctuating within a tight range in the absence of major market-moving updates ahead of the release of the Federal Reserve policy statement tomorrow. Investors are anticipating the outcomes of the Fed meeting looking for signals about the outlook for inflation and interest rates …

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• 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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