Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2021

• 24 February 2021 5:48 pm

  The DIW Research Institute Expects Germany’s Economy to Contract by 1.5% in Early 2021

  

  The German Institute for Economic Research (DIW) said that Germany’s economy may shrink by about 1.5% at the beginning of the year, in light of the great damage that the general isolation measures to reduce Coronavirus infections affect the largest economy in Europe. The institute added that the high number …

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• 24 February 2021 5:15 pm

  Strong Exports And Construction Boost The German Economy in The Q4 of 2020

  

  Strong exports and solid construction activity helped the German economy grow 0.3%, better than expected, in Q4 of last year, but tightening isolation measures in the country and abroad clouded the prospects for Europe’s largest economy. The data released by the Federal Statistics Office today, Wednesday, represents an upward revision …

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• 24 February 2021 3:35 pm

  UK PM Johnson: We Must Live With COVID-19 Like The Flu in Long Term

  

  British Prime Minister Boris Johnson said Monday that people should live with the Coronavirus in the long term just as they do with the flu with a vaccine available, adding that there are no supply problems affecting the doses at the present time. The only reason I’m able to say…we …

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• 24 February 2021 3:00 pm

  Bitcoin Rises Again Above $50

  

  Bitcoin returned to trade above $50,000 on Wednesday, after a sharp sell-off in the previous two sessions, after Square announced the purchase of $170 million in Bitcoin as part of its ongoing commitment to the cryptocurrency. The cryptocurrency lost 15% of its record high earlier in the week due to …

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• 24 February 2021 1:46 pm

  European Stocks Rise on to Positive Data From Germany And AstraZeneca

  

  European stocks rose on Wednesday, February 24th, supported by better-than-expected growth for the German economy, but gains were limited by concerns about a possible increase in inflation and higher equity valuations. Official data showed that rising exports and strong construction activities helped the German economy grow at a stronger rate …

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• 24 February 2021 1:05 pm

  The Turkish Lira is at Its Lowest Level in 3 Weeks

  

  The Turkish lira reached its lowest level against the dollar in nearly three weeks on Wednesday, February 24th, to remain under pressure after the government defended the policies of the former finance minister. In light of the weakness, the central bank raised the compulsory reserve ratio for deposits in the …

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• 24 February 2021 12:39 pm

  API: A Sudden Increase in Oil Inventories Last Week

  

  Data from the American Petroleum Institute showed, Tuesday, that oil inventories in the United States increased unexpectedly last week as refiners cut back activity due to a wave of severe cold that hit the US Gulf Coast region. Crude inventories increased by one million barrels in the week ending February …

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• 24 February 2021 12:22 pm

  Oil Prices Falling Due to a Sudden Increase in US Crude Inventories

  

  Oil prices fell on Wednesday, February 24, after data for the sector showed a sudden increase in US crude inventories last week, as freezing weather in southern states limited the demand for refineries that were forced to close. The American Petroleum Institute said on Tuesday that crude inventories increased 1 …

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• 24 February 2021 3:30 am

  BoC Scales Back Bond-Buying Program

  

  The Bank of Canada (BoC) has decided on Tuesday to reduce the frequency of its Provincial Bond Purchase Program (PBPP) from two auctions per week to one. The move is consistent with the gradual reduction approach of programs that were introduced to help the Canadian economy cope with the impact …

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• 24 February 2021 3:09 am

  Bitcoin Continues to Decline Amid Concerns

  

  Bitcoin continued to decline on Tuesday, amid concerns that the digital currency has become overpriced following recent surges that were supported by increased institutional demand. In addition, recent remarks by billionaire Elon Musk suggested that the price of both Bitcoin and Ethereum does seem high increased selling pressure on the …

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• 24 February 2021 2:52 am

  NYSE Rebounds Following Remarks by Fed Chair

  

  The New York Stock Exchange (NYSE) closed mostly higher on Tuesday, showing a positive performance that was supported by economic data and remarks by the Federal Reserve Chair Jerome Powell. The Dow Jones Industrial Average finished marginally higher by 15.66 points, or 0.05%, at 31,537.35 points, after falling by 1.2% …

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• 24 February 2021 2:42 am

  U.S. Treasury Yields Mixed Following Fed Chair Remarks

  

  The United States Treasury yields showed a mixed performance on Tuesday, following the testimony of the Federal Reserve Chairman Jerome Powell to the Senate. Return on the 10-year Treasury bond declined by 0.7 basis point to 1.363%, giving up its earlier gains as it reached 1.39%. The 30-year bond yield …

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• 24 February 2021 2:36 am

  Oil Finishes Tuesday Mostly Higher

  

  Oil prices showed a mixed performance on Tuesday, as the market is anticipating the decision of the OPEC+ alliance regarding output policy next month. Brent continued to rise, reaching its highest level in 13 months, while the U.S. benchmark most active contracts gave up earlier gains and closed lower with …

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