Open Demo Account

Market Analysis

January, 2021

  • 6 January 2021 5:19 pm

    US Private Sector Employment Declines by 123K in December

    Employment in the US’ private sector decreased by 123,000 in December, the monthly data published by the Automatic Data Processing (ADP) Research Institute revealed on Wednesday.

    Read More »
  • 6 January 2021 4:46 pm

    Gold Reaches a Peak of Two Months, Supporting Expectations of a Democratic Victory in Georgia

    Gold prices hit a two-month high on Wednesday, with the dollar retreating due to growing expectations that Democrats will win the run-off in the US Senate elections in Georgia, which is likely to support the adoption of additional fiscal stimulus packages. During the session, gold rose in spot transactions to …

    Read More »
  • 6 January 2021 3:54 pm

    Dollar Falling as Democrats Advance The Run-Off Election in Georgia

    The dollar fell on Wednesday as Democrats advanced in the run-off election that will determine who will control the US Senate and could pave the way for lavish spending under the administration of President-elect Joe Biden. The euro crossed a major resistance level, reaching a 32-month high, while the US …

    Read More »
  • 6 January 2021 3:04 pm

    Eurozone Contraction in December is Deeper Than Expected

    A survey showed that economic activity in the Eurozone recorded a more severe contraction than previously thought at the end of 2020 and may deteriorate further with the renewal of the general isolation restrictions imposed to contain the Coronavirus, which has affected the services sector that dominates the bloc. With …

    Read More »
  • 6 January 2021 2:20 pm

    UK Final Services PMI Misses Estimates in December

    The UK services sector activity contracted more-than-expected in December, the final report from IHS Markit confirmed this Monday. The seasonally adjusted IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) was revised lower to 49.4 in December versus 49.9 expected and a 49.9 – December’s flash reading.

    Read More »
  • 6 January 2021 1:31 pm

    Bitcoin Soars Above $35,000, Hitting New High

    Bitcoin traded as high as $35,000 for the first time during the Asian session on Wednesday, rising to its highest level at $ 35,879, extending its rise by more than 800% since mid-March. The world’s most popular cryptocurrency crossed $ 20,000 for the first time ever on December 16.

    Read More »
  • 6 January 2021 1:20 pm

    European Stocks Rise as US Stimulus Hopes Revive

    European stocks rose on Wednesday, and sectors severely affected by the economy, such as energy and banking, gained as investors awaited the Democrats’ victory in the important run-off election in Georgia over two US Senate seats, which could lead to greater fiscal stimulus. A slight rise in the Stoxx 600 …

    Read More »
  • 6 January 2021 1:18 pm

    Japan Stocks Closed Lower Amid Hazy US Senate Race

    Japanese stocks closed lower on Wednesday, amid uncertainty surrounding the results of two-seat re-election for the US Senate in Georgia, as sentiment hurt the prospect of declaring a state of emergency in Tokyo and surrounding cities this week. The Nikkei index ended the session down to about 28 thousand points …

    Read More »
  • 6 January 2021 12:31 am

    Oil Prices Surge on New Output Curbs by OPEC+

    Oil prices surged on Tuesday, supported by a new agreement by major producers to further reduce production levels amid a new wave of the Coronavirus pandemic. The Organization of the Petroleum Exporting Countries (OPEC) and other top producers, forming an alliance known as OPEC+, reached an agreement on Tuesday to …

    Read More »
  • 5 January 2021 11:37 pm

    Gold Finishes Second Session of New Year Higher

    The gold rally continued on Tuesday with strong gains on the second session of 2021, amid increased demand amid concerns about the rising number of new Coronavirus cases in many countries. Gold futures for February delivery rose by $7.8, or 0.4%, to settle at $1,954.4 per ounce. On Monday, the …

    Read More »
  • 5 January 2021 10:49 pm

    Bitcoin Could Go As High As $146K – JPMorgan

    Bitcoin has recently recorded multiple new all-time highs and now more increases by the world’s largest cryptocurrency are expected. Researchers at JPMorgan Chase expect Bitcoin could hit $146,000 in the near future, Dow Jones’s MarketWatch reported. If the largest digital currency was to draw demand away from gold investors, new …

    Read More »
  • 5 January 2021 10:28 pm

    Germany Introduces New Lockdown Measures

    Germany is prolonging a nationwide lockdown until the end of January 2021, introducing new preventive measures against the resurgence of new Coronavirus cases, German Chancellor Angela Merkel announced on Tuesday, Reuters reported. “We ask all citizens to restrict contact to the absolute minimum,” Merkel said. Moreover, travelers arriving in Germany …

    Read More »
  • 5 January 2021 10:13 pm

    World Bank Sees Lower Growth in 2021

    The World Bank Group believes that the global economic recovery in 2021, from the Coronavirus pandemic, is set to be slower than initially expected due to the rising number of new cases and renewed lockdown measures. The global gross domestic product (GDP) is expected to expand by 4% in 2021, …

    Read More »
This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends