Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 19 March 2021 12:08 am

  European Stocks Close Higher and Germany’s DAX Hits New Record High

  

  European stocks closed higher on Thursday, supported by the U.S. Federal Reserve vowing to maintain the low interest rates and expecting strong economic growth this year. The STOXX Europe 600 index finished higher by 0.46% at 426.87, nearing its record high of 433.90, which was recorded on February 19, 2020. …

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• 18 March 2021 10:21 pm

  U.S. Mortgage Rates Rise for Fifth Week in Row

  

  Mortgage rates in the United States continued to rise for the fifth consecutive week, reaching their highest level since June of last year, Bloomberg reported, citing data by Freddie Mac released on Thursday. The average 30-year mortgage rate reached 3.09%, compared with 3.05% in the previous week. It is worth noting …

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• 18 March 2021 10:07 pm

  U.S. Treasury Yields Surge Above 1.7%

  

  Treasury bond yields in the United States surged on Thursday, after the Federal Reserve expected inflation to exceed 2% this year in its policy statement released yesterday. The benchmark 10-year Treasury bond yield rose to 1.75% earlier in today’s session, reaching its highest level since January 24, 2020. Now the …

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• 18 March 2021 9:07 pm

  BoE Maintains Interest Rates Unchanged

  

  The Bank of England (BoE) has decided to hold interest rates unchanged, maintaining its main rate at 0.10% in the Monetary Policy Committee (MPC) on Thursday. MPC members voted unanimously for the decision, and also kept the current pace of the quantitative easing (QE) program at GBP 895 billion, which …

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• 18 March 2021 7:19 pm

  U.S. Natural Gas Inventories Down 11 bcf

  

  Natural gas inventories in the United States decreased by 11 billion cubic feet (bcf) last week, according to the weekly report released on Thursday by the U.S. Energy Information Administration (EIA). Working natural gas in storage reached 1,782 bcf as of Friday, March 12, the report showed. Gas stockpiles were …

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• 18 March 2021 6:23 pm

  Currencies Overview: A Jump in Yields Raises The Dollar After Faltering Following The Fed’s Comments

  

  Rising US bond yields boosted the dollar on Thursday, March 18th, helping it recover from its lowest level in two weeks after the US Federal Reserve dispelled speculation of an interest rate hike. And 10-year US Treasury bond yields recorded their highest levels in 13 months in early London trade, …

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• 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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