Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2021

• 15 February 2021 10:49 pm

  GBP/USD Sees Best Levels Since 2018

  

  The British Pound (GBP) rose on Monday against the U.S. Dollar (USD) to its highest level in about three years. Gains by the Sterling Pound came amid the decline of the USD, as well as an improved sentiment in the United Kingdom (UK) that the rollout of Coronavirus vaccines will …

  Read More »
• 15 February 2021 9:24 pm

  European Stocks Near Highest Level in a Year

  

  European stocks closed higher on Monday, beginning the week with a positive performance on the back of an improved risk appetite and investors’ sentiment, with hopes for better vaccine rollouts and recovery from the coronavirus pandemic. The STOXX Europe 600 index finished the session higher by 1.3%, supported by the …

  Read More »
• 15 February 2021 9:12 pm

  U.S. Markets Closed for Presidents Day

  

  Markets in the United States are seeing a long weekend this week, with Monday being an official holiday in commemoration of Presidents Day. Presidents Day, celebrated every year in the third Monday of February, marks the birthday of George Washington, one of the founding fathers of the U.S. and its …

  Read More »
• 15 February 2021 7:21 pm

  USD Declines on Increased Risk Sentiment

  

  The U.S. Dollar (USD) declined on Monday, opening the week with a negative performance amid an improvement in risk appetite that drove investors towards other currencies. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is down by 0.14% at 90.36. Earlier …

  Read More »
• 15 February 2021 3:37 pm

  EU: Industrial Production in Euro Area Contracts by 1.6% in December

  

  The data published by the Eurostat showed on Monday that Industrial Production in the euro area contracted by 1.6% on a monthly basis in December. This reading followed November’s expansion of 2.6% and came in worse than the market expectation for a decrease of 0.6%. On a yearly basis, Industrial …

  Read More »
• 15 February 2021 3:36 pm

  UK PM Johnson: We Need to Look at The Data – Too Many Hospitalised And Death Numbers Too High

  

  British Prime Minister Boris Johnson said on Monday that they have not yet taken a decision on the exact date of opening of schools and added that they will do everything they can to reopen schools on March 8, as reported by Reuters. “This has been an unbelievable effort to …

  Read More »
• 15 February 2021 3:31 pm

  Bitcoin’s Dropping Below $ 50,000

  

  Despite the huge rush to invest in Bitcoin in recent times, which pushed it to record records, which reached near the levels of 50 thousand dollars, it was not able to maintain this level for a long time. Overnight, Bitcoin lost 5.6%, down to $45,000, with the start of Asian …

  Read More »
• 15 February 2021 3:29 pm

  Eurozone Trade Surplus Increased More Than Expected in December

  

  Data showed that the eurozone’s trade surplus with the rest of the world was larger than expected in December, adding an otherwise positive contribution to shrinking GDP. The European Union statistics office Eurostat said the unadjusted trade surplus of the 19 countries in the eurozone amounted to 29.2 billion euros …

  Read More »
• 15 February 2021 1:43 pm

  Oil at 13-Month High Due to Fears of Geopolitical Tensions

  

  Oil prices rose Monday, February 15th, to their highest levels in nearly 13 months, as escalating tension in the Middle East stimulated new purchases, while crude received support from hopes that an American stimulus and easing isolation measures would fuel demand for fuel. Brent crude rose $ 1.02, or 1.6%, …

  Read More »
• 15 February 2021 12:59 pm

  US Dollar Near Its Lowest Level in Two Weeks on Concerns About The Pace of The US Recovery

  

  The dollar began the week sitting near a two-week low on Monday (February 15th), as traders doubt whether the recovery from the pandemic in the United States will be as fast as expected. Bitcoin is still volatile, as it fell to the low of $45,914.75, a day after reaching a …

  Read More »
• 15 February 2021 12:20 pm

  Mario Draghi Sworn in as Prime Minister of Italy

  

  Mario Draghi was sworn in on Saturday as prime minister in Italy, following weeks of an unprecedented crisis in the third economies of the euro area. “I swear to be loyal to the republic,” echoed the former president of the European Central Bank. He was standing in front of President …

  Read More »
• 15 February 2021 12:01 pm

  Japan Industrial Production Less Than Expected in December 2020

  

  Industrial production in Japan decreased by 1.0% m-o-m in December 2020 compared to preliminary estimates that indicated a decrease of 1.6% and after declining by 0.5% in the previous month. This was the second consecutive decline in Japanese industrial output, as the worsening of the Corona pandemic and slowing vaccination …

  Read More »
• 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 …

  Read More »