Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2021

• 28 January 2021 12:27 pm

  Japan Shares Post The Biggest Drop in 6 Months

  

  Japanese stocks suffered their biggest drop in six months today, Thursday, to track down on Wall Street, as they were pressured by technology companies that took advantage of the recent rise in shares. The benchmark Nikkei index fell 1.53% to 28,197.42 points, its biggest daily drop since July 31, while …

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• 28 January 2021 12:06 am

  Democrats Could Move Unilaterally to Pass $1.9 Tr Biden Stimulus

  

  The United States Senate Majority Leader Chuck Schumer said on Tuesday that Democrats are ready to begin working to pass the new president rescue plan as early as next week without cooperation with the Republicans. The plan is being challenging by some Democrats as it will increase government debt. “In …

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• 27 January 2021 11:27 pm

  Gold Prices Decline for Fifth Session in Row

  

  Gold prices continued their downward trend on Wednesday, falling for the fifth consecutive session, amid the rise of the U.S. Dollar (USD) ahead of the release of the United States Federal Reserve policy statement. The yellow metal futures for February delivery plunged by $6, or 0.3%, to close at the …

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• 27 January 2021 11:02 pm

  U.S. Fed Maintains Interest Rates Unchanged

  

  The United States Federal Reserve’s Federal Open Market Committee (FOMC) has decided on Wednesday to maintain interest rates unchanged at a record low between 0% and 0.25%. The decision comes following a two-day meeting that concluded today. The Fed has reiterated its commitment to using its full range of tools …

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• 27 January 2021 10:59 pm

  Nokia Does Not Know Why Its Share is Surging

  

  Nokia disclosed in an official statement on Wednesday that it is not aware of the exact reason behind the recent surge in its share price, Reuters reported. The Finland-based technology giant saw its share price rise by an astonishing 41% on Wednesday. “Nokia is not aware of any material, undisclosed …

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• 27 January 2021 9:24 pm

  USD/CAD Maintains Some Gains Ahead of Fed Decision

  

  The U.S. Dollar (USD) is maintaining its gains against the Canadian Dollar (CAD) on Wednesday, despite the latter being supported by a rise in oil prices on the back of a large drop in crude stockpiles in the United States. The USD/CAD pair is up for the day by 0.55% …

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• 27 January 2021 9:20 pm

  U.S. Crude Oil Inventories Show Surprise Drop

  

  Crude oil inventories in the United States declined more than expected last week, the weekly report by the U.S. Energy Information Adminstration (EIA) showed on Wednesday. Oil stockpiles in the U.S. fell by 9.91 million barrels, against market expectations of a 400,000-barrel increase. Gasoline inventories increased by 2.47 million barrels …

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• 27 January 2021 8:37 pm

  European Stocks Decline Ahead of Fed Decision

  

  European stocks declined on Wednesday, amid reduced risk appetite among investors in anticipation of the United States Federal Reserve policy decision. The pan-European STOXX 600 index fell by 1.20%, with the telecom sector leading the decline and falling by 2.9%. The French CAC40 plummeted by 1.29%, while the German DAX …

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• 27 January 2021 7:58 pm

  What to Expect from the Fed’s January Meeting?

  

  The Untied States Federal Reserve is highly expected to maintain interest rates unchanged during its January meeting, which concludes later on Wednesday. The two-day meeting is also expected to maintain the current pace of asset purchases. Furthermore, the Fed will surely reiterate its commitment to supporting the American economy until …

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• 27 January 2021 7:32 pm

  Germany Sees Economy Growing by 3% in 2021

  

  The German government revised its expectations for economic growth in 2021 downwards to 3%, down from a previously estimated growth rate of 4.4%. Another lockdown as part of the preventive measures against the spread of the Coronavirus pandemic has left its toll on the biggest economy in Europe, as shown …

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• 27 January 2021 6:26 pm

  USD Rises Ahead of Fed’s Policy Statement

  

  The U.S. Dollar (USD) rose on Wednesday, following the release of positive economic data that showed a rise in durable goods orders in December. The rise of the USD also comes amid anticipation for the outcomes of the Federal Reserve policy meeting, which is expected maintain interest rates unchanged near …

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• 27 January 2021 5:45 pm

  US: Durable Goods Orders Rise by 0.2% in December

  

  Durable Goods Orders in the United States rose by 0.2%, or $0.4 billion, to $254.3 billion in December, the data published by the US Census Bureau showed on Wednesday. This reading followed November’s increase of 1.2% and missed the market expectation of 0.9%.

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• 27 January 2021 5:35 pm

  GBP/USD Retreats Further Ahead of FOMC

  

  GBP/USD continued its corrective slide from several-month highs, and reached its daily low, with a target of 1.3700. After optimism about the launch of Covid 19 vaccines and hopes for a global economic recovery faded, along with doubts about the timing of the US stimulus plan, all this affected the …

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