Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 5 March 2021 7:29 pm

  Canada’s Ivey PMI Soars in February

  

  Economic activity in Canada expanded during February, after contracting in January, data showed on Friday. The seasonally adjusted Ivey Purchasing Managers Index (PMI) surged last month to 60, from 48.4 in January, exceeding the 50 neutral mark. The index also rose on an annual basis, compared with its level at …

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• 5 March 2021 6:07 pm

  US: Goods And Services Deficit Widens to $68.2 Billion in January

  

  The goods and services deficit of the US widened by $1.2 billion to $68.2 billion in January, the data published jointly by the US Census Bureau and the US Bureau of Economic Analysis showed on Friday.

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• 5 March 2021 5:33 pm

  US Nonfarm Payrolls surge by 379,000 in February

  

  Nonfarm Payrolls (NFP) in the US increased by 379,000 in February, the data published by the US Bureau of Labor Statistics showed on Friday. To be updated …

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• 5 March 2021 4:18 pm

  Halifax: UK house Price Growth Slowed For The Third Month

  

  Halifax mortgage lender said today that UK house price growth slowed for the third month in a row in February, in a new sign that the pandemic-driven boom in Britain’s housing market is fading. Halifax said house prices increased 5.2% year-on-year, following a 5.4% rise in January. In February alone, …

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• 5 March 2021 3:47 pm

  Goldman Expects Brent Prices to Reach $ 75 a Barrel in Q2

  

  Goldman Sachs Commodities Research raised its forecast for the price of Brent crude for the second and third quarters by $5 a barrel, after OPEC and its allies kept their agreement to cut supplies unchanged and said that “the discipline of shale oil producers” is likely behind the group’s increased …

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• 5 March 2021 3:18 pm

  German Factory Orders Rise in January Twice as much as Expected

  

  Official data revealed that orders for the supply of manufactured goods in Germany rose twice as much as expected in January, as stronger external demand helped manufacturers in Europe’s largest economy. The data published by the Federal Statistics Office showed that orders for the supply of industrial goods increased on …

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• 5 March 2021 2:39 pm

  European Stocks Declining Due to Disappointing Comments From Powell

  

  The rise in US bond yields imposed new pressure on European stocks today, after comments made by Jerome Powell, Chairman of the US Federal Reserve, failed to assuage investor concerns about rising borrowing costs.Recently. The pan-European STOXX 600 index fell 0.9% in early trade, while travel, mining and financial services …

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• 5 March 2021 2:02 pm

  Gold Falling to Lowest Level in 9 Months, With Higher Returns Due to Powell’s Comments

  

  Gold fell today to its lowest level in nearly 9 months and is heading towards a decline for the third week in a row, as the dollar and bond yields rose after statements by Federal Reserve Chairman Jerome Powell, who said that the increase in returns does not disturb the …

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• 5 March 2021 1:30 pm

  Oil prices Rise as OPEC+ Production Cuts Extended to April

  

  Oil prices rose today by more than 1%, to continue the gains made in the previous session after OPEC and its allies agreed not to increase supplies in April as they await a greater recovery in demand in light of the Coronavirus pandemic. Brent crude futures for May delivery increased …

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• 5 March 2021 12:40 pm

  Japan Shares Closed Lower

  

  The Japanese Nikkei index fell 0.23% to 28,864.32 points and recorded a loss for the second week in a row. The TOPIX index closed down 0.61% to 1,896.18 points. The drop comes after a weaker performance last night at the close on Wall Street that resulted in the Nasdaq index …

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• 5 March 2021 1:11 am

  Oil Prices Close 4.2% Higher After OPEC+ Extend Cuts

  

  Oil prices rose on Thursday, supported by the extension of crude output cuts by OPEC+ until the end of April. Brent crude futures for May delivery rose by $2.67, or 4.2%, to close at $66.74 per barrel, recording its highest finishing level since February 25. Meanwhile, the West Texas Intermediate …

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• 4 March 2021 11:49 pm

  OPEC+ Extends Output Cuts into April

  

  The Organization of the Petroleum Exporting Countries (OPEC) and its partners, forming an alliance known as OPEC+, agreed on Thursday to extend most crude oil production cuts until the end of next month. While Russia and Kazakhstan were allowed limited eases in output curbs, of 130,000 barrels per day (b/d) …

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• 4 March 2021 11:34 pm

  Gold Closes at Lowest Level in Nine Months

  

  Gold prices declined on Thursday, as the U.S. Dollar (USD) continued to rise due to rising Treasury yields. U.S. Treasury bond yields continued to rise today, as Federal Reserve Chairman Jerome Powell suggested that the Fed is closely monitoring changes in the bond market but said that current increases are …

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