Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2021

• 18 January 2021 10:23 pm

  Global Economic Outlook Remains Uncertain: IMF

  

  The global economy’s outlook remains uncertain to a large extent due to the Coronavirus pandemic, according to the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, Reuters reported. The IMF is reportedly making new allocations of Special Drawing Rights (SDRs) to help poor and developing countries address the …

  Read More »
• 18 January 2021 9:32 pm

  European Stocks Close on Modest Gains

  

  European stocks closed higher on Monday, starting the new week with a positive performance after turning to losses at the end of the one before. The pan-European STOXX 600 index finished up by 0.21%. The French index CAC40 added 0.10%, while the German DAX gained 0.44%. Meanwhile, the UK’s FTSE100 …

  Read More »
• 18 January 2021 7:35 pm

  Bitcoin Rises Above $36,360

  

  Bitcoin is showing a positive performance on Monday, rising by about 3.75% over the past 24 hours, as it is currently trading near $36,360. The world’s largest cryptocurrency recorded gains of 9.68% over the past seven days. The market cap of the biggest digital currency around the globe now stands …

  Read More »
• 18 January 2021 6:22 pm

  Coronavirus Cases Declining in Germany

  

  Germany reported that the number of coronavirus cases reached 7,141 new cases and 214 deaths today, bringing the total number nationwide to 2.04 million and 46,633 respectively, according to data released by the Robert Koch Institute (RKI) for infectious diseases. It appears that the number of daily cases has decreased …

  Read More »
• 18 January 2021 5:19 pm

  EU reportedly to seek an extension to ratify Brexit trade deal

  

  According to the latest headlines, the EU will seek an extension to the deadline by which the free trade agreement with the UK must be ratified. Citing two sources, RTE’s Europe editor, Tony Connelly tweeted that member states want to extend the deadline from the end of February to sometime …

  Read More »
• 18 January 2021 4:33 pm

  The US Dollar at a Peak of a Month

  

  The US dollar strengthened for the third day in a row Monday, January 18th, reaching a four-week high amid a case of risk aversion in the currency markets that pushed the Australian dollar and the British pound down. In light of the closure of the US markets on a public …

  Read More »
• 18 January 2021 3:16 pm

  Corona Deaths in France Exceed 70,000

  

  The health authorities in France said Saturday, January 16 that the total Corona deaths in the country exceeded 70,000 after 196 deaths were recorded in the past 24 hours. She added that the total number of deaths reached 70,142. There were also 21,406 new infections recorded during the past 24 …

  Read More »
• 18 January 2021 2:11 pm

  Growing CoronaVirus Cases Put an End to Oil Rally

  

  Oil prices retreated further from the 11-month high that they touched last week, ending a rally that began at the end of October due to production cuts and strong Chinese demand, in light of questions about market direction amid the growing number of coronavirus cases. Brent crude was down 30 …

  Read More »
• 18 January 2021 1:40 pm

  US stimulus expectations raise gold despite the rising dollar

  

  Gold prices rose on Monday, January 18th, after hitting the lowest level in a month and a half earlier in the session, supported by the chances of approving a huge US relief package from the repercussions of the Coronavirus, which overshadowed the rise of the dollar and strengthened the metal’s …

  Read More »
• 18 January 2021 1:37 pm

  Japanese manufacturers’ confidence stabilizes in January, and services slump

  

  The Reuters Tankan survey showed that the confidence of Japanese manufacturers had stabilized in January, to become less pessimistic in more than a year about the repercussions of Covid-19, but service companies increased pessimism in conjunction with the start of new closures involving the majority of the country’s population. The …

  Read More »
• 18 January 2021 12:32 pm

  Chinese Retail Sales Below Expectations

  

  Chinese retail sales rose 4.6% year-on-year last month, while analysts’ expectations were higher at 5.5% growth, and compared to 5% growth in November. Fixed asset investment increased 2.9% in 2020, compared to expectations for a 3.2% growth and a 2.5% rise in the first eleven months of the year.

  Read More »
• 18 January 2021 12:32 pm

  Chinese Industrial Output Grew by 7.3% in December

  

  According to data released, China’s industrial output rose at a faster-than-expected rate of 7.3% in December compared to a year ago, to continue growth for the ninth month in a row in a continuation of the post-Covid recovery in the huge manufacturing sector, supported by strong exports. Analysts polled by …

  Read More »
• 16 January 2021 2:46 am

  A Closer Look at Biden’s $1.9 Tr Rescue Plan

  

  The President-elect of the United States, Joe Biden, revealed late yesterday a new government stimulus plan worth $1.9 trillion to help the economy face the effects of the Coronavirus pandemic, under the name “The American Rescue Plan.” The plan will grant a monthly payment of $2,000 per household by adding …

  Read More »