Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2021

• 12 February 2021 11:48 pm

  Yellen: The Time to Go Big on Stimulus is Now

  

  The United States Secretary of the Treasury, Janet Yellen, called upon G7 countries to go big on stimulus spending to help economies recover from the impacts of the Coronavirus pandemic. Yellen’s remarks on Friday came during a meeting of G7 finance ministers and central bank leaders, Reuters reported. “The time …

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• 12 February 2021 10:34 pm

  European Stocks Record Second Weekly Gains in Row

  

  European stocks reversed earlier losses and closed higher on Friday, to score their second consecutive week of gains. The STOXX Europe 600 index finished higher for the day by 0.64%, registering weekly gains of 1% and rising to its best level in three weeks. The French CAC40 index gained 0.60%, …

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• 12 February 2021 8:39 pm

  U.S. Consumer Sentiment Declines in February

  

  Consumer sentiment in the United States declined in early February, data showed on Friday. The consumer sentiment index fell to a reading of 76.2, down from 79 in January, according to the University of Michigan. Surveyed consumers are less optimistic about economic recovery, despite the expectations for a new huge …

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• 12 February 2021 8:03 pm

  Dollar Rises Across the Board

  

  The U.S. Dollar (USD) is showing a positive performance on Friday, but remains on track to score weekly losses. This week’s jobs data in the United States showed that the economic recovery from the Coronavirus pandemic is slower than previously expected. The Dollar Index (DXY), which measures the Dollar’s performance …

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• 12 February 2021 6:06 pm

  Canada: Wholesale Sales Decline by 1.3% in December

  

  Wholesale Sales in Canada fell by 1.3% in December to $66.5 billion, the monthly report published by Statistics Canada showed on Friday. This reading followed November’s increase of 0.7% and came in better than the market expectation for a decrease of 1.6%.

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• 12 February 2021 5:24 pm

  Central Bank of Russia Leaves Policy Rate Unchanged at 4.25% in February

  

  Russia’s central bank announced on Friday left its policy rate unchanged at 4.25% as expected. The USD/RUB pair extended its daily rally after this announcement and was last seen gaining 1.03% on a daily basis at 74.3750.

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• 12 February 2021 4:41 pm

  German Health Minister Says Border Closures “Unavoidable”

  

  German Health Minister Jens Spahn said that a ban on entry to travellers from the Czech Republic and the Austrian region of Tyrol, from February 14, is necessary to prevent the spread of new types of Coronavirus. “They are unavoidable for a certain period of time to prevent the spread …

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• 12 February 2021 3:45 pm

  Bitcoin Clinging to Tesla Gains And US Dollar Heading For a Weekly Loss

  

  Bitcoin hovered near record highs on Friday, and is heading for gains of more than 20% in a historic week during which it saw the support of large companies like Elon Musk’s Tesla, while the weak US labor market continued to put pressure on the dollar. The most popular cryptocurrency …

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• 12 February 2021 3:01 pm

  European shares Decline But ASML and ING Were Among The Winners in Early Trade

  

  European stocks are lower, but on track for gains for the second week in a row, as investors await more indications of progress in implementing US stimulus measures, while rising ASML and ING shares curbed the decline. The pan-European STOXX 600 index fell 0.1%, after gaining nearly 4% since the …

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• 12 February 2021 2:06 pm

  The Turkish Current Account Deficit is $36.72 Billion in 2020

  

  Turkey’s central bank data showed on Friday that the country’s current account balance recorded a deficit of $36.72 billion last year, less than a Reuters poll forecast of a $39 billion deficit and compared to a $6.76 billion surplus the previous year. The data reveals that the deficit in December …

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• 12 February 2021 1:42 pm

  Gold is Declining on Rising in Dollar But Still Heading Towards The Best Week in 3 Weeks

  

  Gold retreated as the dollar and Treasury yields rose, but prices are on the path to achieving the best weekly performance in three weeks, as hopes for more US stimulus support the yellow metal. And gold fell in immediate transactions 0.2% to 1822.69 dollars an ounce. Prices have risen 0.6% …

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• 12 February 2021 1:03 pm

  Oil Losing More Momentum After OPEC Cuts Demand Forecast

  

  Oil prices fell for a second session today, Friday, to fall further from its highest level in a year after OPEC cut its demand forecast again, and the International Energy Agency said the market was still experiencing a surplus in supplies. Brent crude fell 39 cents, or 0.6%, to $ …

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• 12 February 2021 12:28 pm

  Nikkei Drops From 30-year Peak on Profit-Taking, Toyota Stocks and Chips Soar

  

  The Nikkei index of Japanese stocks ended a four-session rise on Friday, falling from its highest level in more than 30 years, which it reached in the previous session, as investors sold shares to take profits, but gains in Toyota Motor shares and chip-related companies restrained losses. The Nikkei index …

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