Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2021

• 14 January 2021 1:52 pm

  China’s Export Growth Exceeds Expectations, Supported by Strong Global Demand

  

  China’s exports increased more than expected in December, customs data said on Thursday, January 14th, as demand for Chinese goods rose due to disruptions caused by the Coronavirus around the world, even as the rise of the yuan made exports more expensive for overseas buyers. A strong domestic recovery also …

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• 14 January 2021 1:18 pm

  Oil Prices Are Rising Thanks to Strong Chinese Data And Lower US Inventories

  

  Oil prices rose Thursday, January 14th, after US crude stocks fell for the fifth week in a row and strong data from China showed a rise in imports, but the increase in global coronavirus infections curbed the gains. Brent crude futures gained 13 cents, or 0.2%, to $56.19 a barrel, …

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• 14 January 2021 12:25 pm

  Gold Falls With The Rise of US Dollar And US Treasury Yields

  

  Gold prices fell Thursday, January 14th, as US Treasury yields and the dollar rebounded, while investors awaited details about the next US President Joe Biden’s proposal to stimulate the economy. In spot transactions, gold fell 0.1% to $ 1842.51 an ounce, while US gold futures fell 0.8% to $ 1839.80. …

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• 14 January 2021 2:00 am

  U.S. House Impeaches Trump for Second Time

  

  The United States House of Representatives on Wednesday impeached President Donald Trump, making him the first president in the history of the U.S. to be impeached twice. All Democrats plus 10 Republicans in the house voted in favor of the articles of impeachment, which charged Trump with inciting an insurrection. …

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• 14 January 2021 1:00 am

  Oil Finishes Lower Following EIA’s Weekly Report

  

  Oil prices closed Wednesday lower after a mixed performance, ending a rising trend that lasted for six consecutive sessions. The decline in crude prices came amid the rebound of the U.S. Dollar (USD) and a less than expected draw in American crude inventories coupled with a rise in gasoline and …

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• 13 January 2021 11:43 pm

  Fed’s Brainard: It is Too Early to Call Achieving Targets

  

  The United States Federal Reserve will continue to support the economy on its road to recovery from the Coronavirus pandemic, Member of the Federal Reserve Board of Governors, Lael Brainard said on Wednesday, the Wall Street Journal reported. “We are strongly committed to achieving our maximum-employment and average inflation goals.”“It …

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• 13 January 2021 11:20 pm

  Gold Prices Close Higher with Investors Turning Eyes to Impeachment

  

  Gold prices rose on Wednesday, after data showed an increase in the inflation rate in the United States and amid anticipation for what could be the second impeachment of President Donald Trump by the House of Representatives. Gold futures for February delivery gained $10.70, or 0.6%, and closed at $1,854.90 …

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• 13 January 2021 11:13 pm

  U.S. Records $144 B Budget Deficit in December

  

  The United States public budget deficit registered $144 billion during December of 2020, according to data by the U.S. Department of the Treasury released on Wednesday. The budget deficit compared with about $13 billion for the same period of 2019. It is worth noting that the surge in the deficit …

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• 13 January 2021 10:00 pm

  European Stocks Close Wednesday Higher

  

  European stocks rose on Wednesday, supported by the rollout of Coronavirus vaccines and the effectiveness of preventive measurements against the pandemic’s new wave. The pan-European STOXX 600 index finished higher by 0.17%. The French index CAC40 closed higher by 0.21%, while the German benchmark index DAX rise by 0.11%. Meanwhile, …

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• 13 January 2021 8:29 pm

  Dollar Returns to Showing Rebound Signs

  

  The U.S. Dollar (USD) is rising on Wednesday, after closing Tuesday on a lower note, and following the release of the consumer price index update. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six international rivals, is up by 0.31% at 90.37, noting that it …

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• 13 January 2021 8:25 pm

  U.S. House Moving Forward with Impeaching Trump a Second Time

  

  The United States House of Representatives is going through on Wednesday with impeachment procedures against President Donald Trump. This would be the first time in U.S. history that a president is impeached twice. It has been reported that some Republicans in the House are set to vote in favor of …

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• 13 January 2021 7:41 pm

  U.S. Oil Inventories Down 3.2 M Barrels in Week: EIA

  

  Crude oil inventories in the United States decreased by 3.2 million barrels last week, according to the U.S. Energy Information Administration’s (EIA) weekly report released on Wednesday.

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• 13 January 2021 7:38 pm

  U.S. Consumer Prices Rise 0.4% in December

  

  Consumer prices in the United States rose in December on the back of a surge in gasoline prices, data showed on Wednesday. The official reading of the consumer price index (CPI) showed an increase of 0.4% in December, following a 0.2% rise in November, according to data by the U.S. …

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