Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2021

• 15 February 2021 9:12 am

  Weekly Recap: 8-12 February

  

  Last week saw the impeachment trial of former United States President Donald Trump takes place at the Senate on the charge of inciting an insurrection after his followers stormed the Capitol on January 6. Over the weekend, Trump was acquitted in his second impeachment trial, as once again not enough …

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• 13 February 2021 1:48 am

  NYSE Indices Finish at New Record Highs

  

  The main indices of the New York Stock Exchange (NYSE) rose on Friday, reaching new record highs, amid an improved investors’ sentiment. U.S. stock indexes on Friday finished on a higher note, notching a series of record highs on the back of optimism about a fresh round of COVID spending, …

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• 13 February 2021 1:43 am

  U.S. Treasury Yields Rise to Highest Level in Year

  

  Treasury yields in the United States increased significantly on Friday, amid expectations of a rise in inflation in the U.S. Return on the 10-year Treasury bonds rose by 4.2 basis points to 1.199%, nearing its highest levels since March 2020 For the week, the benchmark U.S. Treasury noted saw an …

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• 13 February 2021 1:38 am

  Oil Prices Extend Weekly Gains

  

  Oil prices rose on Friday, supported by geopolitical tensions raising concerns about crude supplies from the Middle East. Brent crude futures for April delivery gained $1.29, or 2.1%, to close at $62.43 per barrel. For the week, the global benchmark crude most active contracts gained 5.2%. Meanwhile, the West Texas Intermediate …

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• 13 February 2021 1:33 am

  Gold Scores First Gains in Three Weeks

  

  Gold prices declined on Friday, due to the rise in the United States Treasury yields, narrowing their weekly gains that come for the first time in three weeks. Gold futures for April delivery closed lower by $3.60, or 0.2%, at $1,823.20 per ounce. On a weekly basis, the yellow metal most …

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• 12 February 2021 11:48 pm

  Yellen: The Time to Go Big on Stimulus is Now

  

  The United States Secretary of the Treasury, Janet Yellen, called upon G7 countries to go big on stimulus spending to help economies recover from the impacts of the Coronavirus pandemic. Yellen’s remarks on Friday came during a meeting of G7 finance ministers and central bank leaders, Reuters reported. “The time …

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• 12 February 2021 10:34 pm

  European Stocks Record Second Weekly Gains in Row

  

  European stocks reversed earlier losses and closed higher on Friday, to score their second consecutive week of gains. The STOXX Europe 600 index finished higher for the day by 0.64%, registering weekly gains of 1% and rising to its best level in three weeks. The French CAC40 index gained 0.60%, …

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• 12 February 2021 8:39 pm

  U.S. Consumer Sentiment Declines in February

  

  Consumer sentiment in the United States declined in early February, data showed on Friday. The consumer sentiment index fell to a reading of 76.2, down from 79 in January, according to the University of Michigan. Surveyed consumers are less optimistic about economic recovery, despite the expectations for a new huge …

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• 12 February 2021 8:03 pm

  Dollar Rises Across the Board

  

  The U.S. Dollar (USD) is showing a positive performance on Friday, but remains on track to score weekly losses. This week’s jobs data in the United States showed that the economic recovery from the Coronavirus pandemic is slower than previously expected. The Dollar Index (DXY), which measures the Dollar’s performance …

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• 12 February 2021 6:06 pm

  Canada: Wholesale Sales Decline by 1.3% in December

  

  Wholesale Sales in Canada fell by 1.3% in December to $66.5 billion, the monthly report published by Statistics Canada showed on Friday. This reading followed November’s increase of 0.7% and came in better than the market expectation for a decrease of 1.6%.

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• 12 February 2021 5:24 pm

  Central Bank of Russia Leaves Policy Rate Unchanged at 4.25% in February

  

  Russia’s central bank announced on Friday left its policy rate unchanged at 4.25% as expected. The USD/RUB pair extended its daily rally after this announcement and was last seen gaining 1.03% on a daily basis at 74.3750.

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• 12 February 2021 4:41 pm

  German Health Minister Says Border Closures “Unavoidable”

  

  German Health Minister Jens Spahn said that a ban on entry to travellers from the Czech Republic and the Austrian region of Tyrol, from February 14, is necessary to prevent the spread of new types of Coronavirus. “They are unavoidable for a certain period of time to prevent the spread …

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• 12 February 2021 3:45 pm

  Bitcoin Clinging to Tesla Gains And US Dollar Heading For a Weekly Loss

  

  Bitcoin hovered near record highs on Friday, and is heading for gains of more than 20% in a historic week during which it saw the support of large companies like Elon Musk’s Tesla, while the weak US labor market continued to put pressure on the dollar. The most popular cryptocurrency …

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