Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 18 March 2021 5:41 pm

  US: Weekly Initial Jobless Claims Rise to 770K

  

  There were 770,000 initial claims for unemployment benefits in the US during the week ending March 11, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 725,000 (revised from 712,000) and missed the market expectation of 700,000 by a …

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• 18 March 2021 5:22 pm

  Canada: ADP Employment Change Drops to -100.8K in February

  

  Private sector employment in Canada decreased by 100,800 jobs from January to February, the ADP Research Institute revealed in its monthly report on Thursday. On a positive note, January’s print got revised up to -65,800 from-231,200.

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• 18 March 2021 4:38 pm

  BoE Leaves Rate and QE Unchanged as Expected

  

  The Bank of England’s (BoE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.10% at its March policy meeting and kept the Asset Purchase Facility steady at £895 billion as widely expected.

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• 18 March 2021 3:28 pm

  Turkey’s Central Bank Raises Interest Rates

  

  The Turkish central bank issued the interest rate decision today, and expectations are that the bank will raise the interest rate again, to 18%. The central bank raised the interest rate to 19%, which is higher than expectations, to increase confidence in the independence of the bank’s decisions.

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• 18 March 2021 2:42 pm

  IFW: Germany’s Economy Will Likely Return to Pre-Crisis Levels in 2021

  

  The German economy will likely grow 3.7% in 2021 and reach pre-crisis levels before the end of the year, as progress in the vaccination campaign could contribute to an increase in exports and consumption, the IFW Economic Institute said on Thursday. IFW, one of Germany’s main institutes and part of …

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• 18 March 2021 1:56 pm

  German DAX Rises to a Record High, Supported by Carmaker Stocks

  

  Auto stocks lifted the German DAX index to a record high Thursday, March 18th, while leading eurozone stocks jumped to pre-pandemic levels after the US Federal Reserve pledged to keep interest rates low despite anticipating increased economic growth. The index of the 50 largest companies in the euro area gained …

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• 18 March 2021 1:04 pm

  The Turkish Lira Decline Ahead of an Important Decision

  

  The Turkish lira weakened slightly Thursday, March 18, ahead of a central bank decision on interest, when it is expected to raise the main interest rate by 100 basis points to 18%, in what is considered an important test of its commitment to reduce inflation. Expectations for a rate hike …

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• 18 March 2021 12:25 pm

  Japan Shares Jumped on Fed’s Growth Forecast

  

  Japanese stocks jumped Thursday, March 18th, while the Topix index reached a 30-year high, supported by the US Federal Reserve’s expectation of rapid economic growth and its pledge to keep interest rates low. The broader Topix index advanced 1.23% to close at 2008.51 points, surpassing the 2000 level for the …

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• 18 March 2021 12:02 pm

  Gold Falling Dramatically

  

  Gold fell surprisingly after reaching its highest level, with severe selling pressure and the survival of trading below 1730, which may increase selling pressure… to be updated…

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• 18 March 2021 11:27 am

  Gold Touches Its Highest Level in Two Weeks After The US Federal Reserve

  

  Gold prices rose Thursday, March 18th, to the highest level in more than two weeks after the US Federal Reserve pledged to keep interest rates near zero until 2023, but the gains of the yellow metal, which is considered a safe haven, were limited by the bank’s expectations of a …

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• 18 March 2021 10:54 am

  Oil Declining For The Fifth Consecutive Day After The Rise in US Inventories

  

  Oil prices fell for the fifth consecutive day on Thursday, March 18th, after official data revealed a sustained increase in crude and fuel stocks in the United States, while the ongoing pandemic clouded the outlook for demand. Brent crude fell 37 cents, or 0.5%, to $ 67.63 a barrel, after …

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• 18 March 2021 3:37 am

  Wall Street Closes Higher on Upbeat Fed Expectations

  

  The New York Stock Exchange (NYSE) finished higher on Wednesday, after the Federal Reserve expected high economic growth in the U.S. this year, and despite expectations that inflation rate will exceed 2% this year. The Fed also maintained interest rates and vowed to keep the current pace of asset purchases …

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• 18 March 2021 2:25 am

  Oil Declines as U.S. Inventories Rise and Supercycle Ruled Out

  

  Oil prices declined on Wednesday amid continuous concerns about the recovery of global demand, as well as the fourth consecutive weekly rise in U.S. crude inventories. Brent crude futures for May delivery closed lower by about 0.6% at $67.98 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for …

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