Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2021

• 24 February 2021 2:13 am

  Gold Finishes with Small Losses Following Powell’s Remarks

  

  Gold prices declined on Tuesday, returning to the downward trend amid a rise in Treasury yields, and after remarks by the United States Federal Reserve Chairman Jerome Powell to Congress. The yellow metal was able to finish the session with recovery from some of its earlier losses, as Powell played …

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• 24 February 2021 2:05 am

  DXY Remains Positive After Mixed Performance

  

  The U.S. Dollar (USD) showed a mixed performance on Tuesday after data showed a rise in the housing price index and an improvement in consumer confidence. In addition, Federal Reserve Chair Jerome Powell told the Senate that economic recovery will take some time before achieving substantial progress towards policy goals …

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• 23 February 2021 10:00 pm

  European Stocks Close in Red

  

  European stocks declined on Tuesday, as markets continue to be affected by the rise in Treasury yields, amid a negative performance by tech stocks. The STOXX Europe 600 index fell by 0.52%, with the technology sector leading the losses and dropping by 1.8%. The German DAX index finished lower by …

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• 23 February 2021 9:00 pm

  Powell: Economic Recovery Needs Some Time

  

  Chairman of the United States Federal Reserve, Jerome Powell, testified on Tuesday before the Senate, telling the Senate’s Banking Committee that the economy’s recovery is still uneven and far from complete. Powell vowed to maintain the current monetary policy until the inflation target is achieved and full employment is reached. …

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• 23 February 2021 7:58 pm

  Richmond Fed Manufacturing Index Stabilizes in February

  

  Manufacturing activity in the United States continued to improve in February, as the economy recovers from the negative impacts of the Coronavirus pandemic. The composite manufacturing index of the Federal Reserve Bank of Richmond remained stable at 14 in February, maintaining its January reading, data showed on Tuesday. The three …

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• 23 February 2021 7:50 pm

  U.S. Consumer Confidence Rises in February

  

  Consumer confidence in the United States improved in February, reaching its highest level in three months, as the American economy is recovering from the impacts of the Coronavirus pandemic. However, confidence remained well below its pre-pandemic levels, data by the Conference Board showed on Tuesday. The consumer sentiment index rose …

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• 23 February 2021 6:33 pm

  U.S. Redbook Index Improves in February

  

  The United States Redbook Index improved in February, signaling an improvement in the retail sector as the economy recovers from the impact of the Coronavirus pandemic. The Johnson Redbook Index recorded -0.8% this month, compared with -0.9% in January, according to data by Redbook Research on Tuesday. The index, which …

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• 23 February 2021 6:09 pm

  US: Housing Price Index Rises 1.1% in December

  

  The Housing Price Index released by the US Federal Housing Finance Agency (FHFA) came in at +1.1% in December after rising 1% in November. This reading came in slightly higher than the market expectation of 1%. 

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• 23 February 2021 5:37 pm

  Yellen: Stimulus Plan Sucess Depends on Unemployment Returns to Pre-pandemic Levels

  

  US Treasury Secretary Janet Yellen said that the verdict on the success of President John Biden’s stimulus plan will be how quickly it will return the economy to pre-pandemic unemployment levels and restore jobs in the service sector. Speaking at a webinar, Hunt Yellen also discussed the rise in public …

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• 23 February 2021 4:58 pm

  Thomson Reuters Reports Revenue up 2% in Q4 2020

  

  Thomson Reuters announced a revenue hike in Q4 of last year and said it would start a two-year program that would transform it from a holding company to an operating company. The news and information provider said revenues rose 2% to $1.62 billion, due to the sale of an investment, …

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• 23 February 2021 3:52 pm

  UK PM Johnson: Very Optimistic England Will Fully Re-open on June 21

  

  British Prime Minister Boris Johnson said on Tuesday that he is very optimistic that England will fully re-open on June 21 but added that it’s not a guarantee.  “British Cabinet Minister Michael Gove will review the use of vaccine certification,”

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• 23 February 2021 3:12 pm

  UK: CBI Retail Sales Balance Improves Modestly to -45% in February

  

  The data from the UK showed on Tuesday that the Confederation of British Industry’s (CBI) Retail Sales Balance in February rose to -45 from -50 in January. This reading came in worse than the market expectation of -38.

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• 23 February 2021 2:48 pm

  UK Unemployment Rate Rises to Highest in Almost Five Years

  

  U.K. unemployment climbed to its highest rate in almost five years in Q4 as the economic toll from the coronavirus pandemic continued to mount. The number of people looking for work rose 121,000 from Q3, taking the jobless rate to 5.1%, the most since early 2016, the Office for National …

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