Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2021

• 25 February 2021 8:57 pm

  Fed’s Bullard Welcomes Rising Treasury Yields

  

  President of the Federal Reserve Bank of St. Louis, James Bullard, said on Thursday that the rise in treasury yields is an adequate consequence to the expected economic recovery and rise in inflation, Reuters reported. “With growth prospects improving and inflation expectations rising, the concordant rise in the 10-year Treasury …

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• 25 February 2021 7:22 pm

  U.S. Pending Home Sales Fall in January

  

  Pending home sales in the United States declined in January, due to a shortage of supply, data by the National Association of Realtors (NAR) showed on Thursday. The NAR Pending Home Sales Index decreased by 2.8% in January to 122.8. The reading came against market expectations with a Reuters poll …

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• 25 February 2021 6:56 pm

  Turkey: Economic Confidence Drops in February

  

  Data from the Turkish Statistical Institute showed today, Thursday, that the index of economic confidence in Turkey decreased by 0.5% on a monthly basis in February to 95.8 points, with the repercussions of the epidemic continuing. The index hit a record low last year before recovering as coronavirus measures eased …

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• 25 February 2021 6:34 pm

  US: Real GDP expands by 4.1% in Q4

  

  The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 4.1% in Q4, the US Bureau of Economic Analysis’ second estimate showed on Thursday. This reading followed the initial estimate of 4% and came in line with the market expectation.

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• 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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