Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2021

• 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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• 5 January 2021 2:42 pm

  Strong German Retail Sales in 2020 as Spending Increases

  

  The German statistics office said that the country’s retail sales are expected to grow around 4% in 2020 following a strong performance in November, indicating that consumers have spent money despite the broader economic damage from the coronavirus. The office said Tuesday that retail sales rose about 2% in November, …

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• 5 January 2021 2:10 pm

  The UK Providing a New Aid Package of 4.6 Billion Pounds to Businesses Affected by Renewed Lockdown

  

  Britain announced Tuesday a new support package of 4.6 billion pounds ($ 6.2 billion) for businesses affected by the renewed coronavirus lockdown across the country. Finance Minister Rishi Sunak said that retail, hospitality and entertainment companies will be able to claim new one-off grants of up to 9,000 pounds sterling …

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• 5 January 2021 1:43 pm

  European Shares Climb, Oil And Retail Soar

  

  European stocks rose today, Tuesday, supported by the rise in shares of oil companies and retail, while investors ignored new general isolation measures in Britain to contain a rise in infections with the Coronavirus. The pan-European STOXX 600 index rose 0.1% after opening slightly lower following losses in Asia and …

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• 5 January 2021 1:06 pm

  Oil Prices Stabilize Before The Resumption of OPEC+ Meeting on February Production Levels

  

  Oil prices were almost unchanged on Tuesday ahead of stalled talks between major producers over potential changes to February production that are due to resume later in the day as concerns over fuel demand persist in light of new lockdown measures to combat COVID-19. Brent crude futures for March delivery …

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• 5 January 2021 12:13 pm

  French Health Minister: We Cannot Ease up on Restrictions For Now

  

  “We cannot ease up on coronavirus-induced restrictions for now,” French Health Minister Olivier Véran said in a statement on Tuesday. “Will authorise vaccination of people aged 75 and above who are living at home by the end of January.”

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• 5 January 2021 11:44 am

  State of Emergency in Japan Pushes Nikkei Lower

  

  Japanese stocks fell on Tuesday, as the government appeared to be preparing to declare a state of emergency to deal with the rise in Covid-19 infections, while investor appetite for risk was also negatively affected by the uncertainty over the re-election for the Senate in the US state of Georgia. …

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• 5 January 2021 11:01 am

  Gold Falls as The Dollar Recovers, Attention Turns to Georgia’s Elections

  

  Gold prices fell on Tuesday after reaching an eight-week high, at a time when the US dollar recovered from its lowest level in several years ahead of a re-election for the US Senate in Georgia that will determine the future course of fiscal stimulus in the world’s largest economy. Gold …

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• 5 January 2021 10:29 am

  UK Prime Minister Imposes Harsh Lockdown as New Covid-19 Variant Spreads

  

  British Prime Minister Boris Johnson announced new general isolation in England on Monday, January 4, and instructed citizens to stay home to contain the most contagious strain of the Coronavirus. “It is clear that we need to do more to bring this new variant under control,” Johnson said. “That means …

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• 5 January 2021 12:22 am

  Oil Closes Lower Awaiting OPEC Meeting Outcome

  

  Crude oil prices finished Monday on a lower note, amid anticipation for the outcomes of the OPEC+ summit, which will resume on Tuesday. Saudi Arabia is calling for maintaining the output curbs, while Russia is asking for raising production in anticipation for demand recovery. Brent crude futures for March delivery …

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• 5 January 2021 12:14 am

  Oil Market Seeing Concerns About Demand Recovery

  

  The crude oil market is seeing rising concerns about the recovery of global demand amid another wave of the Coronavirus pandemic. A summit for the Organization of the Petroleum Exporting Countries (OPEC) and other major producers led by Russia, an alliance known as OPEC+ is discussing output policy for the …

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