Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The World Bank Group believes that the global economic recovery in 2021, from the Coronavirus pandemic, is set to be slower than initially expected due to the rising number of new cases and renewed lockdown measures. The global gross domestic product (GDP) is expected to expand by 4% in 2021, …
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10 January, 2025 5:03 pm
Delta Air Lines Exceeds Q4 Earnings Expectations on Robust Travel Demand
Delta Air Lines reported fourth-quarter earnings that outperformed Wall Street estimates, propelled …
10 January, 2025 2:51 pm
China’s Central Bank Halts Treasury Bond Purchases Amid Currency Concerns
China’s central bank, the People’s Bank of China (PBOC), announced on Friday the suspens…
10 January, 2025 12:58 pm
European Markets Edge Lower as Investors Await U.S. Jobs Data
European stock markets traded slightly lower on Friday as investors exercised caution ahead of the r…
10 January, 2025 11:10 am
Oil Prices Climb as Winter Weather and Supply Concerns Drive Demand
Oil prices rose in early Asian trade on Friday, continuing their upward trajectory for a third conse…
10 January, 2025 10:42 am
Gold Prices Inch Higher Amid Rate and Trade Jitters, Copper Boosted by China Stimulus Hopes
Gold Market Highlights Gold Extends Weekly Gains Amid Uncertainty Spot gold rose 0.1% to $2,672.12 p…
10 January, 2025 3:20 am
What Can Markets Expect from December’s US Employment Data?
US employment data significantly influences market price movements. By examining preliminary employm…
9 January, 2025 9:59 pm
Loonie Declines Despite US Market Pause
The Canadian Dollar continued its downward spiral on Thursday, losing another 0.1% against the US Do…
9 January, 2025 8:45 pm
BoE’s Breeden: Some evidence of activity weakening, but we expect it to pick up again
Bank of England (BoE) Monetary Policy Committee (MPC) member and Deputy Governor for Financial Stabi…
9 January, 2025 7:50 pm
Fed’s Harker Signals Continued Rate Cuts, But Urges Caution
Philadelphia Federal Reserve President Patrick Harker reiterated his belief that the U.S. central ba…
Market Analysis
January, 2021
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5 January 2021 9:55 pm
Ripple Facing New Lawsuit
Ripple Labs is being sued by Tetragon Financial, an investment company in the United Kingdom (UK), after the United States Securities and Exchange Commission (SEC) claimed that XRP was sold improperly, Bloomberg reported. The lawsuit was filed under seal late on Monday in the Delaware Chancery Court. Tetragon Financial Group …
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5 January 2021 9:42 pm
OPEC+ Talks Continue with Various Proposals
Saudi Arabia is reportedly proposing more output cuts during the month of February during the OPEC+ summit, Reuters reported. The Kingdom believes maintaining production curbs is essential to restoring the global oil market balance, despite an improved outlook due to the rollout of Coronavirus vaccines. This comes as worries about …
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5 January 2021 9:35 pm
IMF Sees Global Economy At Better Than Expected Position
The International Monetary Fund (IMF) is seeing the global economy beginning 2021 in a better position compared to what was expected in 2020 due to the Coronavirus pandemic. The IMG chief economist Gita Gopinath told CNBC on Tuesday that the world’s economy is starting the New Year at a somewhat …
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5 January 2021 9:30 pm
GM Reports 4.8% Increase in Q4 Sales
General Motors (GM), which is listed on the New York Stock Exchange (NYSE) on Tuesday reported a 4.8% rise in sales across the United States during the fourth quarter (Q4) of 2020, Reuters reported. The rise in sales is supported by increased demand for new motor vehicles during the Coronavirus …
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5 January 2021 9:23 pm
U.S. Factory Activity at Highest Level Since 2018
Factory activity in the United States expanded to its highest level in nearly two and a half years during December, with the American economy recovering from the impact of the Coronavirus pandemic. The pandemic is reportedly leading to increased demand for goods compared with services, however, the rising number of …
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5 January 2021 8:00 pm
European Stocks Finish Lower After Fluctuating
European stocks closed lower on Tuesday, after a mixed performance and fluctuating through the second session of 2021. The STOXX Europe 600 index finished down by 0.2%. In the UK. The FTSE100 index rose by 0.61%, showing a positive performance supported by an improved sentiment after the completion of the …
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5 January 2021 6:30 pm
USD Continues to Decline Across the Board
The US Dollar (USD) continues to decline on Tuesday, amid improved risk sentiment among investors supporting other currencies. The Dollar Index (DXY), which measures the greenback performance against a basket of six major international currencies, is down by 0.17% at 89.72. The index has been moving today in a range …
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5 January 2021 6:18 pm
Oil Rises a Dollar on OPEC + Talks to Cut Production and Iranian Tension
Oil prices rose nearly a dollar on Tuesday as tensions escalated after Iran seized a South Korean ship and as OPEC+ considers a possible production cut in February. Brent crude for March delivery increased 96 cents to $52.05 a barrel, while US West Texas Intermediate crude for February delivery was …
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5 January 2021 5:33 pm
Britain Postponing Second Dose of Corona Vaccine
The British government has recommended giving a second dose of the vaccine with a gap of 12 weeks instead of two weeks, in an effort to give more people a first dose and some initial protection against Covid-19. Accordingly, BioNTech and Pfizer responded to the decision, saying that there is …
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5 January 2021 4:50 pm
Currencies Overview: US Dollar Falls And Yuan Supports High-Risk Currencies
The dollar fell against a basket of major currencies on Tuesday after China raised the official exchange rate of the yuan to its highest level in 30 months, boosting demand for other currencies. The Bank of China set the official midpoint of the yuan at more than 6 per dollar …
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5 January 2021 4:21 pm
Turkish Trade Deficit Increased to About $ 50 Billion in 2020
According to data from the Turkish Ministry of Trade, Tuesday, Turkey’s trade deficit increased by more than 69% to about $ 50 billion last year, according to the general trade system. Ministry data showed that imports increased by more than 4% to more than $ 21 billion in 2020, while …
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5 January 2021 3:21 pm
Reuters: OPEC+ Document is Considering Cutting Production in February And Other Alternatives
An OPEC document dated January 4, seen by Reuters, showed that the OPEC+ group of oil producers is considering reducing production by 500 thousand barrels per day in February, and three other scenarios include maintaining production at current levels or increasing 500 thousand barrels per day.
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