Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2021

• 4 January 2021 7:00 pm

  New Mortgages in UK Hit New Record High

  

  Banks in the United Kingdom (UK) have approved more than 100,000 new mortgages in November, data by the Bank of England (BoE) showed on Monday. With 104,969 mortgages in November, rising by 98,338 compared to its level in October, this is the highest level recorded of new mortgage loans since …

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• 4 January 2021 6:01 pm

  USD Opens Year on Lower Note

  

  The US Dollar (USD) is declining on Monday, opening the New Year with a negative performance amid increased risk sentiment among many investors. Hopes for new vaccines are seemingly exceeding worries from the rising number of cases in many countries, which is driving more investors towards riskier currencies. The Dollar …

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• 4 January 2021 5:38 pm

  Trading of Euro-Denominated Shares Moves From London to the European Union

  

  Euro-denominated stocks moved from London to new platforms in the European Union on Monday, the first trading day after Britain withdrew from the bloc’s single market. Trading in euro-denominated shares in Amsterdam and the new Aquis exchange platform in Paris grew steadily when trading began without any problems.

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• 4 January 2021 5:09 pm

  Official Manufacturing PMI in China Fell to 53 in December From 54.9 in September

  

  China announced that manufacturing activity expanded in December as the world’s second-largest economy continued to show signs of recovering from the coronavirus pandemic. On the other hand, higher costs slowed the pace of expansion in factory activities. The official PMI manufacturing index fell to 53 from 54.9 in September. The …

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• 4 January 2021 4:38 pm

  Reuters: Most OPEC+ Experts Are Against Increasing Oil Production From February

  

  Three OPEC+ sources told Reuters on Monday that most of the group’s experts expressed their opposition to increasing oil production by half a million barrels per day from February at the Joint Technical Committee meeting on Sunday.

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• 4 January 2021 4:05 pm

  Bitcoin Continues to Losses, dropping 12% to $ 28,700

  

  Bitcoin fell 12% today, Monday, to $ 27,750, to continue the decline after achieving unprecedented gains at the start of the new year. The most popular cryptocurrency in the world increased to more than $ 30,000 for the first time on Saturday, and touched a record high of $34,800 the …

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• 4 January 2021 3:15 pm

  US Dollar Declining Due to Investor Risk Appetite

  

  Today, Monday, the US dollar sat near its low level in mid-2018, after the optimism in global markets prompted investors to buy high-risk currencies such as the Chinese yuan, despite a renewed rise in infections due to the Corona virus pandemic. The dollar has taken a declining path due to …

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• 4 January 2021 2:36 pm

  Inflation in Turkey Rose to 14.6% in December

  

  The Turkish Statistical Institute data revealed on Monday that the inflation rate rose more than expected to 14.6% year on year in December, keeping pressure on the central bank to tighten monetary policy. On a monthly basis, the consumer price index rose 1.25% in December. A Reuters poll predicted that …

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• 4 January 2021 1:57 pm

  UK Final Manufacturing PMI Beats Estimates in December

  

  The UK manufacturing sector activity improved more-than-expected in the month of December, the final report from IHS Markit confirmed on Monday. The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised higher to 57.5 in December versus 57.3 expected and 57.3 first readout.

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• 4 January 2021 1:41 pm

  Oil Prices Touching Highest Level in Several Months

  

  Oil prices touched a multi-month high on Monday, thanks to expectations that OPEC and allied producers may restrict production at current levels in February as the coronavirus pandemic keeps first-half demand concerns high. Prices rose in line with the financial markets in general, while Brent crude reached $ 53.17 a …

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• 4 January 2021 12:52 pm

  Gold at an 8-Week High Due to Concerns About More Restrictions Due to Coronavirus

  

  Gold prices began the new year at a high level and rose to a peak of eight weeks Monday, as gold’s appeal as a safe haven was strengthened by the increase in COVID-19 infections and the possibility of tighter restrictions imposed to contain the pandemic. And gold rose in the …

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• 4 January 2021 12:34 pm

  Japan Stocks Start The Year With a Drop and Tokyo Awaiting The Declaration of a State of Emergency

  

  Japan shares closed lower on Monday after Prime Minister Yoshihide Suga said he was considering declaring a state of emergency in Tokyo and surrounding areas to contain the spike in coronavirus infections domestically. The Nikkei index fell 0.68% to 27,258.38 points on its first trading day in 2021, its biggest …

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• 1 January 2021 1:56 am

  Gold Rises by 25% in 2020

  

  Gold futures rose on Thursday, finishing a year of strong gains that came on the back of increased demand for the safe haven amid the Coronavirus pandemic and the decline of the US Dollar (USD). Gold futures for February delivery rose by $1.70, or 0.1%, failing to close above $1,900, …

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