Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2021

• 8 January 2021 8:59 pm

  U.S. Wholesale Inventories Unchanged in November

  

  Wholesale inventories in the United Stated remained unchanged during November, data showed on Friday. Data by the U.S. Department of Commerce showed a stability in wholesale inventories, versus an initially estimated reading that showed a decline of 0.1%. In October, wholesale inventories rose by 1.3%. Meanwhile, the component of wholesale …

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• 8 January 2021 7:44 pm

  U.S. Economy Loses Jobs but Unemployment Steadies

  

  For the first time in eight months, the United States economy saw a decline in jobs during December, amid a new wave of the Coronavirus pandemic. Data by the U.S. Department of Labor showed on Friday that Nonfarm Payrolls (NFP) declined by 140,000 in December, according to the U.S. Bureau …

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• 8 January 2021 6:03 pm

  Canada: Net Change in Employment Arrives at -62.6K in December vs. -27.5K Expected

  

  Employment in Canada declined by 62,600 in December, compared to expectations of 27,500, and the Unemployment Rate ticked up to 8.6% from 8.5% in November as expected, Statistics Canada reported on Friday.

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• 8 January 2021 5:36 pm

  Breaking: US Nonfarm Payrolls Decline by 140,000 in December

  

  Nonfarm Payrolls (NFP) in the US fell by 140,000 in December, the data published by the US Bureau of Labor Statistics revelled on Friday. This reading followed November’s increase of 336,000 and missed the market expectation.

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• 8 January 2021 5:24 pm

  Bitcoin Continues to Record Level And Jumps 5% During The Session

  

  Bitcoin jumped more than 5% on Friday, January 8th, to a new record high at $ 41,530, to offset losses incurred earlier in the session. The most popular digital currency in the world fell to a low of $36618.36 on the Bitstamp exchange before rising. The rival cryptocurrency Ethereum rose …

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• 8 January 2021 4:46 pm

  UK: MHRA Approves Moderna COVID-19 Vaccine For Use

  

  The British health ministry announced on Friday that the UK’s Medicines and Healthcare Products Regulatory Agency (MHRA) has approved Moderna’s COVID-19 vaccine for use, as reported by Reuters. The health ministry further noted that they have ordered 10 million additional doses of Moderna’s vaccine to bring the total to 17 million …

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• 8 January 2021 4:28 pm

  German Industrial Output And Exports Rose in November

  

  Data showed German industrial output and exports rose in November, adding to indications that the export-dependent manufacturing sector gave momentum to Europe’s largest economy in the last quarter of the year. Industrial output increased 0.9% on a monthly basis and exports rose 2.2%, according to figures released by the Federal …

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• 8 January 2021 3:32 pm

  European Stocks on Track to Post a Strong Weekly Performance And The German DAX Rises to a Record High

  

  European stocks rose Friday, January 8th, while the German DAX index hit a record high on the back of better-than-expected economic data and encouraging earnings updates from chipmakers. The European STOXX600 index rose 0.7% by and heading towards a weekly gain of more than 3% in light of hopes that …

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• 8 January 2021 3:00 pm

  Currencies Overview: The Dollar holds Onto Gains as The US Jobs Report Approaches

  

  The dollar held on to its biggest gains in more than two months against the major counterpart currencies on Friday, January 8th, as high US bond yields abandoned some bets on the dollar’s decline. The US currency rebounded from its lowest level in nearly three years, while traders reaped profits …

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• 8 January 2021 2:18 pm

  EU: Euro area Unemployment Rate Declined in November

  

  The seasonally adjusted Unemployment Rate in the euro area declined to 8.3% in November from 8.4% in October, the data published by the Eurostat showed on Friday. This reading came in better than the market expectation of 8.5%.

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• 8 January 2021 2:06 pm

  Oil Near an 11-Month Peak, Thanks to a Saudi Pledge to Cut Production

  

  Oil prices held near an 11-month high on Friday (January 8th) and is on track for strong weekly gains as Saudi Arabia’s pledge to cut production continued to support market sentiment. Brent crude rose 13 cents, or 0.2%, to $ 54.51 a barrel. The global benchmark touched $54.90 on Thursday, …

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• 8 January 2021 1:48 pm

  Gold Falls as Bond Yields Rise And Pressure From a Rising Dollar

  

  Gold fell on Friday, January 8th, as the dollar and US Treasury yields rose, but hopes for additional stimulus in the world’s largest economy kept the yellow metal on track for gains for the second week in a row. Spot gold fell 0.3% to 1,907.66 dollars but it has risen …

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• 8 January 2021 1:00 am

  Oil Maintains Gains for Third Day

  

  Oil prices rose on Thursday for the third consecutive session, supported by the recent OPEC+ agreement to curb output and the large drop in crude inventories in the United States. Brent crude futures for March delivery closed higher by 8 cents, or 0.2%, at $54.38 per barrel. Meanwhile, the West …

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