Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2021

• 19 February 2021 2:13 am

  Oil Prices Decline As OPEC+ Could Raise Output

  

  Oil prices declined on Thursday, amid expectations that the OPEC+ alliance could raise production in March after the recent surges in crude prices. Crude prices recently not only recovered all of their losses since the beginning of the pandemic but reached their highest level since the beginning of 2020. It …

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• 18 February 2021 11:59 pm

  Gold Scores First Gains in Five Days

  

  Gold prices rose on Thursday, registering its first rise after four consecutive declines, including the formation of a death cross on Wednesday. Recovering some its weekly losses, gold futures for April delivery rose by $2.20, or 0.1%, to close at the level of $1,775 per ounce. Yesterday, the most active …

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• 18 February 2021 11:30 pm

  ECB Meeting Minutes Highlight Commitment to Stimulus

  

  Minutes of the European Central Bank’s (ECB) January meeting showed a commitment to keeping a steady hand on economic stimulus and efforts to help the European economy recover from the impact of the Coronavirus pandemic. The minutes showed that policymakers believe it will take some time for the stimulus measurements …

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• 18 February 2021 11:15 pm

  Fed’s Brainard: Climate Focus Does Not Undermine Employment Targets

  

  The United States Federal Reserve Governor, Lael Brainard, said on Thursday that the central bank remains focused on achieving full employment. This comes as the Fed is now more focused that ever before on addressing climate change as a challenge to the American and global economies, which raised some concerns …

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• 18 February 2021 11:07 pm

  U.S. Natural Gas Inventories Down 237 Bcf in Week

  

  Natural gas inventories in the United States declined by 237 billion standard cubic feet (Bcf) last week, according to data by the U.S. Energy Information Administration (EIA). The total natural gas in storage reached 2,281 Bcf in the week ending February 12.

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• 18 February 2021 11:00 pm

  U.S. Oil Inventories Down 7.3 M Barrels in Week

  

  Crude oil inventories in the United States declined by 7.3 million barrels last week, data by the U.S. Energy Information Administration (EIA) showed on Thursday. The EIA weekly report was delayed for a day as the beginning of the week marked the Presidents Day federal holiday. Gasoline inventories increased by …

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• 18 February 2021 8:27 pm

  U.S. Import and Export Prices Increase by Record Levels

  

  Import prices in the United States registered last month their biggest rise in about nine years, data by the U.S. Department of Labor Showed on Thursday. Following a 1% increase in December, import prices rose by 1.4% in January, signaling their biggest increase since March 2012. This comes amid a …

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• 18 February 2021 7:35 pm

  U.S. Housing Starts Falls in January

  

  Housing starts in the United States decreased by 6% to a seasonally adjusted annual rate of 1.58 million units in January, data by the U.S. Department of Commerce showed on Thursday. Housing starts declined by 2.3% on an annual basis, as softwood lumber prices surged by a record 73% last …

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• 18 February 2021 6:04 pm

  British Consumer Spending Fell For The Week Ending February 11th

  

  According to official figures, British consumer spending has fallen over the past week, and the proportion of people referred to reduced-pay vacations or only those who work from home has increased, as the country remains in lockdown due to the Coronavirus. Spending on debit and credit cards, as measured by …

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• 18 February 2021 5:40 pm

  US: US: Weekly Initial Jobless Claims Rise to 861K

  

  There were 861,000 initial claims for unemployment benefits in the US during the week ending February 13, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 848,000 and came in worse than the market expectation of 765,000.

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• 18 February 2021 5:16 pm

  Brent Gave up Gains After Surging Above $65 Due to a Cold Snap in Texas

  

  Oil prices erased gains made in early trading after Brent hit a new high in 13 months, surpassing $65 a barrel, as markets witnessed new buying due to fears that sudden cold weather in Texas could disrupt US crude production for days or perhaps weeks. Brent crude fell 3 cents, …

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• 18 February 2021 4:46 pm

  Turkish Central Bank Keeps Interest Rates Unchanged at 17% With Rising Inflation

  

  The Turkish central bank kept the main interest rate at 17% as expected, unchanged for the second month in a row after dramatically raising it twice in order to calm inflation, which rose to 15%. Since November, the new central bank governor, Naji Iqbal, has raised the repurchase rate (repo) …

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• 18 February 2021 3:45 pm

  Bitcoin Continues The Streak, Hovering Above $52,000 For The First Time

  

  Bitcoin rose above $52,000 for the first time in its history on Wednesday, February 17th, as the cryptocurrency rose to a record high of $52,340. Bitcoin was invented in 2009, shortly after the global financial crisis, with the transformation in protests against the banking system into something of “digital gold” …

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