Durable Goods Orders in the United States rose by 3.4%, or $8.5 billion, in January to $25.6.6 billion, the data published by the US Census Bureau showed on Thursday. This print followed December’s increase of 1.2% and beat the analysts’ estimate of 1.1% by a wide margin.
Read More »Japan to End State of Emergency in Several Prefectures
The Japanese government will end the state of emergency in Osaka, Kyoto, Hyogo, Aichi and Gifu prefectures at the end of the month, Reuters reported on Thursday, citing Kyodo News.
Read More »Pfizer: No Evidence COVID-19 Variants Result in a Loss of Protection Provided by Vaccine
Pfizer announced on Thursday that they haven’t seen any evidence that circulating variants of the coronavirus result in a loss of the protection provided by the vaccine they developed with BioNTech, as reported by Reuters. “We haven’t observed changes to neutralizing antibody levels that would predict a significant reduction in protection …
Read More »Gold Continues to Drop Before The US House of Representatives Vote
Gold prices continue to decline for the third day in a row, one day before the US House of Representatives announced its vote on Friday on the US stimulus package proposal. Gold fell again below $1,800 an ounce, down by 0.80%. Waiting for the necessary support to resume its rise …
Read More »Eurozone Corporate Lending Growth Slows
European Central Bank data showed that lending to Eurozone companies slowed last month as new credit flows stalled as the bloc returned to recession and banks tightened access to credit. Growth in lending to non-financial firms in the 19-nation euro zone slowed to 7% in January from 7.1% the month …
Read More »Barclays Bank Raises Its Forecast For Oil Prices in 2021 Due to Tight US Supplies
Barclays Bank raised its forecast for the price of oil in 2021, as it indicated a weaker than expected response from US producers to the price increase and the return of stocks to normal after the snowstorm that swept through Texas last week. The bank raised its forecast for the …
Read More »AUD/USD Reaches 3-years Highs
Strong buying interest around the AUD/USD has pushed the pair to cross the crucial 0.8000 barrier for the first time since February 2018. The reflation pattern is gaining some momentum in Europe, which reflects risk trends with hopes about the US fiscal stimulus and the Corona vaccine, which boosts the appetite …
Read More »Total CEO Expects $50-60 Per Barrel of Oil
The CEO of Total said that the global economic recovery from the Coronavirus pandemic may take two years, ruling out that oil prices will remain at their current high level of $70 a barrel. Patrick Boyan told local media, “I am not betting that prices remain at $70 a barrel. …
Read More »Mining And Banking Lead The European Markets Higher
European stocks rose on Thursday, led by sectors seen as benefiting from a broader economic recovery as the US Federal Reserve indicated that it would maintain a loose monetary policy, while Standard Chartered shares fell as the bank’s annual earnings fell. The Bank of England lost 2.8% even after it …
Read More »PAHO: Coronavirus Cases in The Americas Decreased Last Week
The Pan American Health Organization said on Wednesday that the number of cases and deaths of Covid-19 in the United States decreased 30% in the past week and is declining in most South American countries, but the effect of vaccines will take months. WHO director Carissa Etienne urged governments and …
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations