Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2021

• 10 February 2021 1:58 am

  Oil Maintains Rally and Scores Best Gains in a Year

  

  Oil prices continued to rise on Tuesday, reaching a new year-high level after declining earlier in the session. The rally of crude prices is supported by the commitment of major producers, an alliance known as OPEC+, to output curbs. In addition, hopes for economic recovery and the anticipation for a …

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• 9 February 2021 11:00 pm

  Gold Rises to Highest Level in Week

  

  Gold prices rose on Tuesday for the third consecutive session, supported by the decline of the U.S. Dollar (USD) to its lowest level in about a week. The yellow metal gains come amid anticipation for the passing of the new stimulus package in the United States, which is a $1.9 …

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• 9 February 2021 10:11 pm

  European Stocks Decline Following Recent Surges

  

  European stocks ended Tuesday in small losses that come following recent surges on the back of improved risk sentiment and investors’ appetite. The STOXX Europe 600 index closed lower by 0.1%, with the majority of market sectors closing in red. The German benchmark index DAX finished down by 0.34%, while …

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• 9 February 2021 10:06 pm

  U.S. Household Spending Expected to Grow: NY Fed

  

  Households in the United States are expecting an increase in their spending over the coming year, as shown by a recent survey by the Federal Reserve Bank of New York. The expectations for the growth in household spending rose to a median 4.2%, which is the highest rate in more …

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• 9 February 2021 8:35 pm

  USD Falls to Lowest Level in a Week

  

  The U.S. Dollar (USD) declined on Tuesday to its lowest level in a week, as Treasury yields in the United States fell amid anticipation for the passing of a new economic relief bill. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, …

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• 9 February 2021 7:44 pm

  U.S. Job Openings Rise in December: JOLTS

  

  Job openings in the United States increased last December, as shown by the U.S. Department of Labor’s Job Openings and Labor Turnover Survey (JOLTS). The number of job openings rose to 6.65 million in December from a revised 6.57 million in November, reaching its highest level in five months as …

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• 9 February 2021 6:22 pm

  Honda And Nissan Sales Fell by a Quarter of a Million Cars in The Current Fiscal Year Due to a Lack of Chips

  

  Honda and Nissan, Japan’s second and third largest automakers, will sell 250,000 fewer cars in the current fiscal year to the two companies as a global shortage of semiconductor chips hurts production. The carmakers announced this as they were unveiling brighter forecasts for the fiscal year ending in March 2021 …

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• 9 February 2021 6:16 pm

  EUR/USD Remains Around 1.2100

  

  The buying bias around the EUR against the US dollar remains around 1.2100 for the time being. EUR/USD is floating in the area of ​​multi-day highs around 1.2100 on improving sentiment and risk trends. Actually, with additional support from President Biden’s plan to inject more stimulus into the economy, while …

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• 9 February 2021 4:33 pm

  Germany’s Export Growth on Strong Trade With China

  

  German exports grew in December as strong trade with China and the United States helped Europe’s largest economy as it struggled to grow under lockdown restrictions imposed to curb COVID-19 cases. The Federal Statistics Office said on Tuesday that exports, adjusted for seasonal factors, rose 0.1% month-on-month after a 2.3% …

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• 9 February 2021 4:07 pm

  Egypt Returning to The International Market For The 2nd Time With an Offering of $3.75 Billion

  

  The Egyptian Ministry of Finance said that it was able to implement the issuance of international bonds worth $ 3.75 billion in three tranches (5, 10 and 40 years) with issued values ​​of $750 million, $1.5 billion, and$ 1.5 billion, respectively. More than 400 investors have applied to buy and …

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• 9 February 2021 3:31 pm

  China: Passenger Car Sales jumped 26% Y-o-Y

  

  The Federation of China Automobile Industry said passenger car sales in the world’s second-largest economy reached 2.18 million units in January, an increase of 26% year-on-year. Electric car maker Tesla sold 15,484 vehicles manufactured in China last month.

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• 9 February 2021 3:22 pm

  US: NFIB Business Optimism Index Declines Modestly to 95 in January

  

  The National Federation of Independent Business (NFIB) reported on Tuesday that the Business Optimism Index in the US declined to 95 in January from 95.9 in December. This reading came in worse than the market expectation of 98.7. 

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• 9 February 2021 3:03 pm

  Gold is Gaining as US Dollar Continues to Decline

  

  Gold prices rose near their highest level in a week on Tuesday, February 9th, as the dollar faltered and expectations that a huge US fiscal stimulus will soon be passed to revive the world’s largest economy. Spot gold rose 0.5% to $1839.02 an ounce, after reaching $1843.04 earlier in the …

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