Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 11 March 2021 1:03 am

  Oil Settles Higher Following Fluctuations

  

  Oil prices rose on Wednesday, after fluctuating throughout the session as data showed another large increase in crude inventories in the United States, alongside huge drops in gasoline and distillate stockpiles. Brent crude futures for May delivery finished higher by 38 cents, or 0.6%, at $67.90 per barrel. Meanwhile, the …

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• 11 March 2021 12:49 am

  U.S. Budget Deficit Hits All-Time High in February

  

  The United States public budget deficit hit an all-time high in the five months to February at $1.05 trillion, the Associated Press (AP) reported. The surge in budget deficit is attributed to the increase in governmental stimulus spending to help the economy recover from the impact of the coronavirus pandemic. …

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• 11 March 2021 12:05 am

  Gold Settles Higher After Inflation Data

  

  Gold prices recovered from earlier losses and reached their highest level in a week on Wednesday, supported by the second consecutive session of U.S. Treasury bond yields pulling back from their recent highs, especially as recent inflation data reduced reflation fears and increased investors’ demand for long-term debt instruments. Spot …

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• 10 March 2021 9:44 pm

  European Stocks Maintain Gains for Third Day in Row

  

  European stocks finished Wednesday higher, extending its weekly gains after rising for the third consecutive session. Inflation data in the United States, which came below market expectations, helped reduce concerns about a surge in inflation and reflected positively on investors’ sentiment. The STOXX Europe 600 index closed higher by 0.38% …

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• 10 March 2021 9:39 pm

  DXY Rebounds above 92.0 Level

  

  The U.S. Dollar (USD) returned to the positive territory on Wednesday, after briefly declining following the release of inflation data. Data by the United States Bureau of Labor Statistics showed that the Core Consumer Price Index (CPI) in February declined to 1.3%, falling to meet market expectation of 1.4%. The …

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• 10 March 2021 8:52 pm

  Bank of Canada to Maintain Policies until Inflation Target is Achieved

  

  The Bank of Canada (BoC) has decide to maintain interest rates unchanged until its inflation objective is sustainably achieved, and vowed to continue with its current quantitative easing (QE) policy. The QE program will continue at its current pace of at least CAD 4 billion per week, as per the …

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• 10 March 2021 8:37 pm

  U.S. Oil Inventories Show Another Huge Rise: EIA

  

  Crude oil inventories in the United States increased more than expected last week, data by the U.S. Energy Information Administration (EIA) showed on Wednesday. Oil stockpiles rose by 13.798 million barrels in the week ended on March 5, compared with a recent S&P Global Platts poll of market analysts that …

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• 10 March 2021 7:40 pm

  BoC Maintains Interest Rates Unchanged

  

  The Bank of Canada (BoC) has decided to maintain its main interest rates unchanged during its policy meeting on Wednesday. The overnight rate has been held at the effective lower bound of 0.25%, with the Bank Rate at 0.5%, and the deposit rate at 0.25%. BoC is maintaining its extraordinary …

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• 10 March 2021 5:52 pm

  US: Annual Core CPI Edges Lower to 1.3% in February

  

  Inflation in the US, as measured by the Consumer Price Index (CPI), arrived at 0.4% on a monthly basis in February and matched analysts’ estimate. On a yearly basis, the CPI rose to 1.7% as expected, the data published by the US Bureau of Labor Statistics showed on Wednesday.

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• 10 March 2021 5:17 pm

  Bank of Canada: Forecast From 5 Major Banks

  

  The Bank of Canada (BoC) is expected to leave interest rates unchanged and market waiting for its Rate Statement due out at 15:00 GMT. here are the expectations as forecast by the economists and researchers of eight major banks. TDS “We look for the Bank of Canada to leave policy …

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• 10 March 2021 4:32 pm

  Italy: Producer Prices Fall to Their Lowest Since 2019

  

  Italy’s producer prices fell 0.3% year-on-year in January 2021, after a 1.8% decline. It is the nineteenth consecutive month in which producer prices have fallen, but it is the softer one since July 2019. On a monthly basis, producer prices rose 1.4% in January, the largest number since July 2018.

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• 10 March 2021 3:51 pm

  Currencies Overview: USD Rising as Bonds Stabilize

  

  The dollar rose on Wednesday, recouping part of the losses it incurred on Tuesday night as the downward trend in US bond yields stopped for a year high. Subprime currencies, including the Australian and New Zealand dollars, retreated after posting big gains on Tuesday. Bitcoin slipped after previously exceeding $55,000 …

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• 10 March 2021 3:06 pm

  Turkish Lira Receives New Support

  

  Turkey’s unemployment rate fell to 12.2% in January and the labor force participation rate rose to 50% from a month ago, according to data released on Wednesday that was presented in a new form in line with international standards. The unemployment rate was 12.6% in December and 12.8% a year …

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