Open Demo Account

Market Analysis

February, 2021

  • 9 February 2021 3:18 am

    Wall Street Continues the Record-Breaking Surges

    The main indices of the New York Stock Exchange (NYSE) closed at new record highs on Monday, opening the second week of February with a strong performance that build up on the recent surges, which come on the back of improved risk sentiment among Wall Street investors and anticipation for …

    Read More »
  • 9 February 2021 3:11 am

    Fed’s Mester Sees Easing Policies Lasting Very Long Time

    The President of the Federal Reserve Bank of Cleveland, Loretta Mester, said on Monday that the Fed will maintain its monetary easing policies for a very long time to help the economy achieve the inflation and employment goals set by the central bank, Reuters reported. Mester believes that economic activity …

    Read More »
  • 9 February 2021 3:01 am

    Oil Prices Rise Again with Brent Exceeding $60 per Barrel

    Oil prices continued to rise on Monday, with the global benchmark crude reaching the $60 a barrel level for the first time in about a year. This comes amid the commitment of the OPEC+ alliance to output curbs, improved expectations for the recovery of global demand, and anticipation for a …

    Read More »
  • 9 February 2021 12:22 am

    Fed’s Barkin not Worried About Rise in Inflation

    The President of the Federal Reserve Bank of Richmond, Thomas Barkin, is not concerned with an overshoot in inflation due to the increased government stimulus, which he views as necessary to achieve economic recovery. Barkin still sees some short-term price volatility, with deflationary and inflationary risks ahead, he told the …

    Read More »
  • 9 February 2021 12:00 am

    Gold Closes Higher for Second Session in Row

    Gold prices rose on Monday, for the second consecutive session, opening the week with a positive performance after dropping on Thursday by 2% to its lowest level since November. The yellow metal gains come amid anticipation for an increase in the United States government stimulus spending. The Democrats are working …

    Read More »
  • 8 February 2021 11:57 pm

    U.S. Economic Growth Forecasts Revised Up: Goldman Sachs

    A report by Goldman Sachs on Monday showed a rise in the bank’s expectations for the growth of the gross domestic product (GDP) in the United States during the second quarter of 2021 to 11% from a previous estimate of 10%. Goldman Sachs now sees additional fiscal measures at $1.5 …

    Read More »
  • 8 February 2021 10:02 pm

    European Stocks Close Higher

    European stocks closed higher on Monday, opening the week with a positive performance amid an improved risk sentiment that benefited equity markets around the world. The pan-European STOXX 600 index finished higher by 0.3%. Meanwhile, the French CAC40 index gained 0.47%, while the German index DAX closed marginally higher by …

    Read More »
  • 8 February 2021 9:01 pm

    Takeaways from Lagarde’s Speech to European Parliament

    The President of the European Central Bank (ECB), Christine Lagarde, delivered on Monday a speech to the plenary session of the European Parliament, which is drafting a resolution for the ECB Annual Report. Lagarde acknowledged that the start of vaccination campaigns provides hope, but noted that people across Europe are …

    Read More »
  • 8 February 2021 8:38 pm

    USD Steadies Following Last Week’s Decline

    The U.S. Dollar (USD) is stabilizing on Monday, following its decline by the end of last week following the release of job data in the United States. The greenback is fluctuating within a limited range, with the market anticipating the passing of the $1.9 trillion relief bill, proposed by the …

    Read More »
  • 8 February 2021 8:00 pm

    AUD Rises as USD Struggles for Direction

    The Australian Dollar (AUD) is showing a positive performance against the U.S. Dollar (USD) at the beginning of the second week of February, as the latter continues to be negatively impacted by the recent job data report in the United States. Early in the American session on Monday, the AUD/USD …

    Read More »
  • 8 February 2021 6:00 pm

    Bitcoin Jumps to an Unprecedented Peak, Backed by News of Tesla’s Investment

    Bitcoin jumped more than 14% to an unprecedented peak after Tesla announced that it had invested nearly $ 1.5 billion in cryptocurrency last month. And that news raised Bitcoin to exceed 44 thousand dollars. The electric car maker revealed the investment ten days after its CEO, Elon Musk, added the …

    Read More »
  • 8 February 2021 5:35 pm

    Investor Confidence in The Eurozone Decreased

    Today’s survey reported that investor sentiment in the eurozone fell unexpectedly in February, as the economy was affected by the lockdown measures aimed at curbing the pace of Covid-19 cases, unlike other regions in the world that achieved further recovery. Sentex Euro-zone index fell below zero, dropping from 1.3 in …

    Read More »
  • 8 February 2021 3:41 pm

    US Dollar Settled After Weak US Inflation And Central Tendency to Monetary Easing

    The dollar fell during a quiet Asian session, after weaker than expected inflation data in the United States for January and the Federal Reserve’s repetition of its monetary easing stance, but the US currency compensated for some of its losses with the opening of European markets. Data on Wednesday showed …

    Read More »
This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends