Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2021

• 22 January 2021 3:07 am

  Oil Futures Close Thursday on Mixed Note

  

  Oil prices showed a mixed performance on Thursday, following the release of the American Petroleum Institute’s (API) weekly report that showed an unexpected rise in crude inventories in the United States. Accordingly, the U.S. benchmark West Texas Intermediate (WTI) crude futures for March delivery declined by 18 cents, or 0.3%, …

  Read More »
• 22 January 2021 3:03 am

  Gold Closes on Marginal Losses

  

  Gold prices declined marginally on Thursday, after closing yesterday at their highest level in about two weeks. This comes despite the continuous retreat of the U.S. Dollar (USD) amid expectations for increased government stimulus by the new Biden administration in the United States. Gold futures for February delivery lost 60 …

  Read More »
• 22 January 2021 1:19 am

  USD Declines for Third Day in Row

  

  The U.S. Dollar (USD) declined on Thursday for the third consecutive session, with investors moving towards other currencies. This comes amid increased hopes for economic recovery amid the rollout of vaccines and the expansion of government stimulus in the United States, both of which has been promised by the new …

  Read More »
• 21 January 2021 11:05 pm

  Bitcoin Losses Continue Amid Strong Selling Pressure

  

  Bitcoin continues to decline on Thursday, for the second consecutive day, amid strong selling pressures. The biggest digital currency in the world has lost more than 9% over the past 24 hours, extending its losses over the past seven days to about 19.5%. Bitcoin, the largest cryptocurrency in terms of …

  Read More »
• 21 January 2021 10:55 pm

  European Stocks Close Mixed Following ECB Meeting

  

  European stocks closed Thursday on a mixed note, following the European Central Bank’s (ECB) latest policy meeting in which it decided to maintain interest rates unchanged. The pan-European STOXX 600 index finished higher by 0.15%. Meanwhile, the French benchmark index CAC40 and the German DAX closed lower by 0.67% and …

  Read More »
• 21 January 2021 10:14 pm

  GBP Rises on Positive BoE Expectations

  

  The British Pound (GBP) is showing a positive performance on Thursday supported by recent remarks by the Bank of England (BoE) Governor Andrew Bailey that suggested the United Kingdom’s (UK) economy will strongly recover from the Coronavirus pandemic thanks to vaccination. “I really do think that we are going to …

  Read More »
• 21 January 2021 9:41 pm

  Oil Prices Decline on Sudden Rise in U.S. Inventories

  

  Oil prices declined on Thursday following the release of inventory data in the United States, despite continuous hopes for increased government stimulus spending in the U.S. Crude oil inventories in the United States increased by 2.6 million barrels last week, against market expectations for another decline, according to the weekly …

  Read More »
• 21 January 2021 7:51 pm

  European Consumer Confidence Decline More than Expected

  

  Consumer confidence in the Eurozone declined more than expected in January, as shown by a preliminary reading from the European Commission. On Thursday, survey results showed that the flash consumer confidence index decreased to -15.5 this month from -13.9 in December. Consumer confidence in the European Union (EU) fell to …

  Read More »
• 21 January 2021 5:59 pm

  ECB Press Conference: Lagarde’s Remarks Highlights

  

  The European Central Bank (ECB) decided to leave key rates and the size of its Pandemic Emergency Purchase Programme (PEPP) at the end of its monetary policy meeting held this Thursday. Highlights Quotes“Pandemic poses serious risks; vaccination important milestone.”“New surge in infections, restrictions are disrupting.”“Services severely curbed.”“Economy likely contracted in Q4; …

  Read More »
• 21 January 2021 5:32 pm

  ECB Press Conference: Lagarde Speech Live Stream – January 21

  

  Read More »
• 21 January 2021 4:59 pm

  ECB Leaves Key Rates Unchanged

  

  the Governing Council of the European Central Bank (ECB) decided to leave the interest rates on its main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively. The European Central Bank boosted its massive stimulus program in …

  Read More »
• 21 January 2021 4:31 pm

  Japan’s Exports Record The First Annual Increase in Two Years

  

  Government data revealed that Japanese exports rose for the first time in two years in December, driven by shipments to China, providing a glimmer of hope for policymakers who are counting on an export-led recovery amid an increase in coronavirus cases. A recovery in exports may ease the risk of …

  Read More »
• 21 January 2021 3:49 pm

  Bitcoin Down 10%, Continues to Descend from Record Heights

  

  Bitcoin fell 10% Thursday, January 21, to a 10-day low at 31,977 dollars, as the most popular digital currencies in the world continued to decline from a peak of 42 thousand dollars reached on January 8. The decline came amid growing fears that Bitcoin was one of a group of …

  Read More »