Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2021

• 25 February 2021 5:53 pm

  US: Weekly Initial Jobless Claims Fall to 730K

  

  The Labor Department said initial jobless claims fell to 730,000 last week, while the previous week’s figure was also revised down by 20,000 to 841,000. Analysts had expected a figure of 838,000 before the release. This reading followed the previous print of 841,000 (revised from 861,000) and came in better than …

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• 25 February 2021 5:52 pm

  U.S: Durable Goods Orders Rise by 3.4% in January vs. 1.1% Expected

  

  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.

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• 25 February 2021 5:07 pm

  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.

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• 25 February 2021 5:06 pm

  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 …

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• 25 February 2021 4:43 pm

  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 …

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• 25 February 2021 3:08 pm

  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 …

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• 25 February 2021 2:11 pm

  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 …

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• 25 February 2021 1:33 pm

  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 …

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• 25 February 2021 1:13 pm

  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. …

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• 25 February 2021 1:01 pm

  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 …

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• 25 February 2021 11:54 am

  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 …

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• 25 February 2021 11:45 am

  Nikkei Rises to 30,000 Again With The Growing Optimism About The Economy

  

  Japan’s Nikkei index closed on Thursday above 30,000, after comments by Federal Reserve Chairman Jerome Powell indicated that interest rates would remain low for a long time. The benchmark Nikkei index rose 1.67% to 30,168.27 points. The broader TOPIX index rose 1.22% to 1,926.23 points. Powell told lawmakers on Wednesday …

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• 25 February 2021 11:40 am

  Oil Hovering Near Highest Level in 13 Months as US Production Was Hit by a Storm

  

  Oil prices extended their gains for the fourth consecutive session and reached their highest levels in more than 13 months, supported by the US Central Bank’s assertion that interest rates will remain low, and a sharp drop in US crude production last week due to the storm that swept across …

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