Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2021

• 28 January 2021 4:55 pm

  Iqbal: Turkey’s Economy Has Slowed After Its Strength in Last Quarter

  

  Al Naji Iqbal, Governor of the Turkish Central Bank, said that Turkey’s economic growth recorded a strong trend at the end of 2020, but it slowed according to recent indicators, partly due to the tightening of monetary policy that began in August and the slowdown in credit growth. In the …

  Read More »
• 28 January 2021 4:27 pm

  China Likely to Avoid Setting 2021 GDP Target

  

  China is reportedly said to abandon its GDP growth target for 2021, Reuters reports, citing sources familiar with the matter. A government adviser, one of three sources saying the target will again be scrapped, noted: “We will not set an explicit target, but in reality, there will be a target. …

  Read More »
• 28 January 2021 3:16 pm

  European Stocks Hitting a Low of Almost a Month

  

  European stocks reached their lowest level in nearly a month after the worst-selling wave in Wall Street since October due to concerns about rising valuations, while investors grew concerned about an increase in infections with a new, more contagious strain of the Coronavirus. The European STOXX 600 index fell 1%, …

  Read More »
• 28 January 2021 2:23 pm

  Gold is Falling as The Safe-Haven Appeal Shifts to The Dollar

  

  Gold prices fell on Thursday as investors turned to the dollar in search of safety after the decline in global stock markets, while the Federal Reserve (US Central Bank) raised concerns about the pace of the economic recovery in the United States. Gold fell in immediate transactions 0.5% to $ …

  Read More »
• 28 January 2021 1:38 pm

  Oil Falling on Demand Concerns and US Dollar Strengthened

  

  Oil prices fell in morning trading in Asia despite a significant drop in US crude stocks, at a time when prices were under pressure due to the strengthening of the US dollar and new concerns about fuel demand due to travel restrictions and delays in the distribution of anti-Corona virus …

  Read More »
• 28 January 2021 12:32 pm

  Apple’s Q1 Revenue Exceeds $ 100 Billion For The First time

  

  On the other hand, Apple stock fell 2% in extended trading after the close. Apple’s results for the December quarter were not only driven by iPhone 5G sales, but sales for each product category increased by more than twice. In detail, earnings per share and sales of Apple easily exceeded …

  Read More »
• 28 January 2021 12:27 pm

  Japan Shares Post The Biggest Drop in 6 Months

  

  Japanese stocks suffered their biggest drop in six months today, Thursday, to track down on Wall Street, as they were pressured by technology companies that took advantage of the recent rise in shares. The benchmark Nikkei index fell 1.53% to 28,197.42 points, its biggest daily drop since July 31, while …

  Read More »
• 28 January 2021 12:06 am

  Democrats Could Move Unilaterally to Pass $1.9 Tr Biden Stimulus

  

  The United States Senate Majority Leader Chuck Schumer said on Tuesday that Democrats are ready to begin working to pass the new president rescue plan as early as next week without cooperation with the Republicans. The plan is being challenging by some Democrats as it will increase government debt. “In …

  Read More »
• 27 January 2021 11:27 pm

  Gold Prices Decline for Fifth Session in Row

  

  Gold prices continued their downward trend on Wednesday, falling for the fifth consecutive session, amid the rise of the U.S. Dollar (USD) ahead of the release of the United States Federal Reserve policy statement. The yellow metal futures for February delivery plunged by $6, or 0.3%, to close at the …

  Read More »
• 27 January 2021 11:02 pm

  U.S. Fed Maintains Interest Rates Unchanged

  

  The United States Federal Reserve’s Federal Open Market Committee (FOMC) has decided on Wednesday to maintain interest rates unchanged at a record low between 0% and 0.25%. The decision comes following a two-day meeting that concluded today. The Fed has reiterated its commitment to using its full range of tools …

  Read More »
• 27 January 2021 10:59 pm

  Nokia Does Not Know Why Its Share is Surging

  

  Nokia disclosed in an official statement on Wednesday that it is not aware of the exact reason behind the recent surge in its share price, Reuters reported. The Finland-based technology giant saw its share price rise by an astonishing 41% on Wednesday. “Nokia is not aware of any material, undisclosed …

  Read More »
• 27 January 2021 9:24 pm

  USD/CAD Maintains Some Gains Ahead of Fed Decision

  

  The U.S. Dollar (USD) is maintaining its gains against the Canadian Dollar (CAD) on Wednesday, despite the latter being supported by a rise in oil prices on the back of a large drop in crude stockpiles in the United States. The USD/CAD pair is up for the day by 0.55% …

  Read More »
• 27 January 2021 9:20 pm

  U.S. Crude Oil Inventories Show Surprise Drop

  

  Crude oil inventories in the United States declined more than expected last week, the weekly report by the U.S. Energy Information Adminstration (EIA) showed on Wednesday. Oil stockpiles in the U.S. fell by 9.91 million barrels, against market expectations of a 400,000-barrel increase. Gasoline inventories increased by 2.47 million barrels …

  Read More »