Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2021

• 21 January 2021 10:14 pm

  GBP Rises on Positive BoE Expectations

  

  The British Pound (GBP) is showing a positive performance on Thursday supported by recent remarks by the Bank of England (BoE) Governor Andrew Bailey that suggested the United Kingdom’s (UK) economy will strongly recover from the Coronavirus pandemic thanks to vaccination. “I really do think that we are going to …

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• 21 January 2021 9:41 pm

  Oil Prices Decline on Sudden Rise in U.S. Inventories

  

  Oil prices declined on Thursday following the release of inventory data in the United States, despite continuous hopes for increased government stimulus spending in the U.S. Crude oil inventories in the United States increased by 2.6 million barrels last week, against market expectations for another decline, according to the weekly …

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• 21 January 2021 7:51 pm

  European Consumer Confidence Decline More than Expected

  

  Consumer confidence in the Eurozone declined more than expected in January, as shown by a preliminary reading from the European Commission. On Thursday, survey results showed that the flash consumer confidence index decreased to -15.5 this month from -13.9 in December. Consumer confidence in the European Union (EU) fell to …

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• 21 January 2021 5:59 pm

  ECB Press Conference: Lagarde’s Remarks Highlights

  

  The European Central Bank (ECB) decided to leave key rates and the size of its Pandemic Emergency Purchase Programme (PEPP) at the end of its monetary policy meeting held this Thursday. Highlights Quotes“Pandemic poses serious risks; vaccination important milestone.”“New surge in infections, restrictions are disrupting.”“Services severely curbed.”“Economy likely contracted in Q4; …

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• 21 January 2021 5:32 pm

  ECB Press Conference: Lagarde Speech Live Stream – January 21

  

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• 21 January 2021 4:59 pm

  ECB Leaves Key Rates Unchanged

  

  the Governing Council of the European Central Bank (ECB) decided to leave the interest rates on its main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively. The European Central Bank boosted its massive stimulus program in …

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• 21 January 2021 4:31 pm

  Japan’s Exports Record The First Annual Increase in Two Years

  

  Government data revealed that Japanese exports rose for the first time in two years in December, driven by shipments to China, providing a glimmer of hope for policymakers who are counting on an export-led recovery amid an increase in coronavirus cases. A recovery in exports may ease the risk of …

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• 21 January 2021 3:49 pm

  Bitcoin Down 10%, Continues to Descend from Record Heights

  

  Bitcoin fell 10% Thursday, January 21, to a 10-day low at 31,977 dollars, as the most popular digital currencies in the world continued to decline from a peak of 42 thousand dollars reached on January 8. The decline came amid growing fears that Bitcoin was one of a group of …

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• 21 January 2021 2:50 pm

  The European Central Bank Unchanged, But Will Express Concern

  

  Financial markets await today’s ECB decision on interest rates alongside other monetary policy issues. Markets expect the ECB to remain unchanged. The European Central Bank will leave interest rates and the asset purchase program unchanged but is expected to speak of a strong recovery after the Corona pandemic while expressing …

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• 21 January 2021 2:32 pm

  Oil Falling After a Sudden Increase in US Crude Stocks

  

  Oil fell Thursday, January 21, after data for the sector showed a sudden increase in US crude stocks, which once again fueled fears about demand driven by the Coronavirus pandemic, but hopes of stimulus in the United States curbed the decline in prices. US West Texas Intermediate crude futures fell …

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• 21 January 2021 2:04 pm

  Biden Rejoins WHO

  

  President Joe Biden has signed an executive order that reverses his predecessor Trump’s decision to leave the World Health Organization (WHO) amid the global coronavirus pandemic. Trump withdrew from the specialized health agency of the United Nations at the height of the Coronavirus crisis last year. The White House said …

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• 21 January 2021 1:55 pm

  Gold Reaches Its Highest Level in Two Weeks Due to Pressure From US Stimulus Hopes

  

  Gold rose Thursday, January 21, to its highest level in nearly two weeks, with the dollar retreating due to hopes for more stimulus after the new US administration headed by Joe Biden took power, although some profit-taking limited the gains of the precious metal. Spot gold rose 0.1% to $ …

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• 21 January 2021 1:53 pm

  European Stocks Extend Gains Thanks to US Stimulus Hopes

  

  European stocks extended their gains Thursday (January 21st) on hopes of a major US stimulus plan under the administration of the new president, Joe Biden, while investors looked to the European Central Bank for indications about the economic strength of the euro area. The Stoxx600 index of European shares rose …

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