Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2021

• 26 February 2021 2:09 pm

  Bitcoin Plunged More Than 6% to The Lowest Level in Two Weeks

  

  Bitcoin plunged as much as 6% today, hitting its lowest level in two weeks, as turmoil in global bond markets led to higher yields and sparked sales in riskier assets. The largest cryptocurrency in the world fell to a low of $44,451 before recouping some of its losses. And in …

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• 26 February 2021 1:33 pm

  Oil Mixed Amid Anticipation For OPEC+ Summit

  

  Oil prices slid on Friday as the collapse in bond prices led to gains for the US dollar and expectations have grown that as oil prices return to pre-pandemic levels, more supply will likely find its way into the market. US West Texas Intermediate crude futures fell 96 cents, or …

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• 26 February 2021 10:56 am

  Japan’s Nikkei Closed 4% Lower on Concerns Over Rising Bond Yields

  

  Shares in the Asia-Pacific region suffered sharp losses in trading on Friday, after the decline in Wall Street in yesterday’s session, as the rapid rise in bond yields raised investor concerns. In Japan, the Nikkei225 index led the losses among the major markets in the region as it fell by …

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• 26 February 2021 10:39 am

  Moderna: We are Working on a Third Experimental Dose Targeting a New Mutated Strain of The Virus

  

  “Moderna” revealed that it is working on a third experimental dose of the Coronavirus vaccine, targeting a new mutated strain of the virus. The company indicated that it shipped doses of the new vaccine to the National Institutes of Health for clinical trials, explaining that “Moderna is committed to making …

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• 26 February 2021 3:31 am

  House to Vote on $1.9 T Stimulus Bill Friday

  

  The United States House of Representatives will vote on the American Rescue Plan Bill on Friday, according to House Majority Leader Steny Hoyer. “The American people strongly support this bill, and we are moving swiftly to see it enacted into law,” Hoyer recently tweeted. The bill includes raising unemployment insurance …

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• 26 February 2021 2:20 am

  Fed’s Williams: Inflation Will Remain Subdued

  

  President of the Federal Reserve Bank of New York, John Williams, said on Thursday that he is “more optimistic about the medium-term outlook for the economy,” MarketWatch reported. Williams predicts economic growth this year will be “the strongest seen in decades,” while expecting that inflation will “remain subdued for some …

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• 26 February 2021 2:13 am

  Fed’s Quarles: Fed Must Keep Effective Stress Testing

  

  The Vice-Chair of the United States Federal Reserve, Randal Quarles, said that the Fed must improve the effectiveness of stress tests to help the banking sector cope with the Coronavirus pandemic, Reuters reported. “The Fed must continue to innovate so that stress testing remains effective.”“I believe that there is room …

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• 26 February 2021 2:05 am

  Fed’s Bullard Rules Out Return of 1970s Inflation Surge

  

  President of the Federal Reserve Bank of St. Louis, James Bullard, said on Thursday that the Fed policies are not expected to lead to a surge in inflation similar to what the United States saw in the 1970s, MarketWatch reported. “That’s completely different from the inflation-targeting era that began in …

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• 26 February 2021 1:53 am

  Oil Mixed Amid Anticipation for OPEC+ Summit

  

  Oil prices showed a mixed performance on Thursday amid anticipation for the upcoming monthly meeting of the OPEC+ alliance to review production policies. Brent crude futures for May delivery closed lower by 7 cents, or 0.1%, at $66.11 per barrel, following three consecutive daily increases that helped the global crude …

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• 26 February 2021 1:30 am

  Gold Declines as Treasury Yields Surge

  

  Gold prices declined on Thursday, for the third consecutive session, amid a rise in treasury yields that reached their highest level in about a year. The yield on the benchmark 10-year Treasury bond in the United States exceeded the 1.5% psychological level earlier today, reaching 1.515%, which left its toll …

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• 26 February 2021 1:10 am

  European Stocks Decline as Treasury Yields Rise

  

  European stocks closed lower on Thursday, amid rising treasury yields and a negative performance by most market sectors. The STOXX Europe 600 index dropped by 0.36% to close at 411.73 points. The chemicals sector led the losses as it fell by 1.8%. The French CAC40 index finished lower by 0.24%, …

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• 25 February 2021 9:31 pm

  U.S. Natural Gas Stockpiles Decline

  

  Natural gas inventories in the United States declined by 338 billion cubic feet (bcf) last week, data by the U.S. Energy Information Administration (EIA) showed on Thursday. The decline came a little higher than market expectations. Natural gas stockpiles reached 1.943 trillion cubic feet (tcf), decreasing by 298 bcf compared …

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• 25 February 2021 9:26 pm

  Fed’s George: Rising Yields Reflect Optimism

  

  President of the Federal Reserve of Kansas City, Esther George, said on Thursday that the rising treasury yields are a sign of optimism about economic recovery. This could further improve when vaccines are more widely distributed, she indicated. “Much of this increase likely reflects growing optimism in the strength of …

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