Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 20 March 2021 2:17 am

  Oil Futures Settle Higher to Narrow Weekly Losses

  

  Oil prices rose on Friday, supported by concerns about geopolitical risks in the Middle East impacting crude supplies, but could not recover its weekly losses, which are mostly due to worries about the recovery of the global demand. A resurgence in coronavirus cases in Europe, which resulted in another four-week …

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• 20 March 2021 1:39 am

  Gold Finishes Higher Extending Weekly Rise

  

  Gold prices rose on Friday, extending their weekly gains, amid increased demand from investors. The yellow metal futures for April delivery gained $9.20, or 0.5%, to close today’s session at $1,741.70 per ounce. For the week, gold futures gained about 1.3%.

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• 20 March 2021 12:28 am

  European Stocks Finish Lower but Maintain Small Weekly Gains

  

  European stocks closed lower on Friday, amid concerns about the slow rollout of vaccines, a rise in the number of new Coronavirus infections and re-imposing lockdown measures in France, in addition to a the rise in U.S. Treasury bond yields. The STOXX Europe 600 index dropped by 0.76% and closed …

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• 19 March 2021 10:38 pm

  U.S. Coal Exports Decline by 26% in 2020

  

  The United States coal exports declined by 26% to 69 million metric short tons (MMst) in 2020, from 93 MMst in 2019, according to recent data by the U.S. Energy Information Administration (EIA). Data also showed that four out of the top 10 U.S. coal exporters increased their imports in …

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• 19 March 2021 10:20 pm

  Fitch Ratings Expects Roll Back of QE by Federal Reserve in 2022

  

  Fitch Ratings expects the United States Federal Reserve will begin next year reducing the quantitative easing (QE) measurements aimed at combating the negative economic impacts of the Coronavirus pandemic. The move could come in the form of decreasing asset purchases in 2022, which the ratings agency expects it will be …

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• 19 March 2021 9:53 pm

  U.S. Oil Rigs See Largest Increase since January

  

  The number of active rigs drilling for crude oil and natural gas in the United States increased by nine rigs to 411 this week, weekly data by Baker Hughes showed on Friday. The increase in the rig count was entirely attributed to the increase in oil rigs to 318, while …

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• 19 March 2021 8:44 pm

  Russia’s Central Bank Hikes Interest Rate to 4.5%

  

  The Central Bank of Russia on Friday decided to raise its main interest rate by 0.25% to 4.5%, due to the recent rise in inflation above the central bank’s forecasts. The bank’s policy statement noted that “domestic demand is recovering more steadily and faster than expected, outstripping the pace of …

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• 19 March 2021 7:43 pm

  DXY Rises as Fed Allows Expiry of SLR Rule Changes

  

  The U.S. Dollar (USD) is showing a mostly positive performance on Friday, supported by the rise in Treasury bond yields and the Federal Reserve’s decision to end the temporary change to the supplementary leverage ratio (SLR) for depository institutions by the end of the month as scheduled. “The temporary change …

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• 19 March 2021 6:43 pm

  S&P 500 and Dow Jones Retreat Amid Lower Financial Stocks

  

  The S&P 500 and the Dow Jones fell slightly at the opening trades on Friday, as financial stocks dropped after the US Federal Reserve’s decision to allow the exemption from some requirements related to bank debts to expire. The Dow Jones Index fell 3.9 points, or 0.01%, to 32,858.36. The …

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• 19 March 2021 5:48 pm

  Canada: Retail Sales Decline by 1.1% in January vs. -3% Expected

  

  Retail Sales in Canada declined by 1.1% in January to $54.5 billion, the data published by Statistics Canada revealed on Friday. This reading followed December’s decrease of 3.4% and came in better than analysts’ estimate for a fall of 3%.

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• 19 March 2021 5:44 pm

  Oil Prices Rise on Demand Concerns, Vaccination Slowing Down

  

  Oil prices increased by more than a dollar during the European session, after a major sell-off witnessed in the previous session, as a new wave of Coronavirus cases across Europe triggered general isolation measures and dampened hopes for an imminent oil demand recovery. Brent crude rose $ 1.01, or 1.6%, …

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• 19 March 2021 5:44 pm

  US: Philadelphia Fed Manufacturing Index Jumps to 51.8 in March vs. 23.1 Expected

  

  The Federal Reserve Bank of Philadelphia reported on Thursday that the headline Manufacturing Activity Index of the Manufacturing Business Outlook Survey improved sharply to 51.8 in March from 23.1. This reading beat the market expectation of 23.1 by a wide margin.

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• 19 March 2021 4:19 pm

  Germany’s Health Minister Warns Against Re-imposing Restrictions Amid The Surge in Coronavirus Cases

  

  A health official in Germany said today, Friday, that the number of Coronavirus cases is rising dramatically. Lars Shade, vice president of the Robert Koch Institute for Infectious Diseases, urged people not to travel during the Easter holidays to contain the increase in cases. Today’s data of the Robert Koch …

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