Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2021

• 13 January 2021 8:29 pm

  Dollar Returns to Showing Rebound Signs

  

  The U.S. Dollar (USD) is rising on Wednesday, after closing Tuesday on a lower note, and following the release of the consumer price index update. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six international rivals, is up by 0.31% at 90.37, noting that it …

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• 13 January 2021 8:25 pm

  U.S. House Moving Forward with Impeaching Trump a Second Time

  

  The United States House of Representatives is going through on Wednesday with impeachment procedures against President Donald Trump. This would be the first time in U.S. history that a president is impeached twice. It has been reported that some Republicans in the House are set to vote in favor of …

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• 13 January 2021 7:41 pm

  U.S. Oil Inventories Down 3.2 M Barrels in Week: EIA

  

  Crude oil inventories in the United States decreased by 3.2 million barrels last week, according to the U.S. Energy Information Administration’s (EIA) weekly report released on Wednesday.

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• 13 January 2021 7:38 pm

  U.S. Consumer Prices Rise 0.4% in December

  

  Consumer prices in the United States rose in December on the back of a surge in gasoline prices, data showed on Wednesday. The official reading of the consumer price index (CPI) showed an increase of 0.4% in December, following a 0.2% rise in November, according to data by the U.S. …

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• 13 January 2021 4:24 pm

  Lagard: The Eurozone Economy is Still Recovering This Year, Provided That The Lockdown Measures Are Lifted

  

  European Central Bank President Christine Lagarde said that the eurozone economy is still on the verge of recovery this year, provided that the general isolation measures taken to confront the Corona pandemic are lifted at the end of March and the vaccines are distributed. Lagarde adhered to the expectations of …

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• 13 January 2021 3:42 pm

  EU: Euro Area Industrial Production Expands by 2.5% in November vs. 0.2% Expected

  

  Industrial Production in the euro area expanded by 2.5% on a monthly basis in November, the data published by the Eurostat showed on Wednesday. This reading followed October’s increase of 2.3% and beat the market expectation of 0.2% by a wide margin. Industrial Production contracted by 0.6% Y-o-Y in November …

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• 13 January 2021 3:29 pm

  Currencies Overview: Dollar Recovery Recedeas US Bond Yields Decline

  

  The dollar suffered losses on Wednesday, as declining US yields weakened the momentum generated by its recent recovery and investors cautiously resumed bets that it could continue to slide. Against the euro, the dollar recorded its biggest daily decline in more than a month and declined more than 1% against …

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• 13 January 2021 2:46 pm

  European Stocks Poorly Performing, And Denmark’s Orsted Down Due to a Profit Warning

  

  European stocks were largely unchanged on Wednesday as the utility sector was hit by a profit warning from Danish wind farm developer Orsted, while French grocery store Carrefour jumped after merger talks. Carrefour gained 10.6% after Canadian store operator Element Couche-Tard said it had contacted Europe’s largest retailer to discuss …

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• 13 January 2021 2:02 pm

  Chinese Auto Sales on Track to Recover in 2021

  

  Auto sales in China fell for the third year in a row in 2020 but increased year on year for the ninth consecutive month in December as Beijing continues to lead the global auto sector’s recovery from the COVID-19 pandemic. Chinese auto sales fell 1.9% to 25.3 million cars last …

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• 13 January 2021 1:37 pm

  France’s Economy Contracted 4% in Q4

  

  The French central bank said today, Wednesday, that the country’s economy has likely contracted 4% in the last quarter of last year compared to the previous three months, although activity increased in December after the lifting of general isolation measures imposed to combat the spread of the Coronavirus. In light …

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• 13 January 2021 12:34 pm

  Gold Rises as Dollar Rally Stops

  

  Gold rose today, Wednesday, as the dollar and US Treasury yields declined, while the prospect of a massive financial stimulus in the United States boosted the appetite for the yellow metal as a hedge against inflation. Spot gold rose 0.1% to $1,857 an ounce, while US gold futures gained 0.8% …

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• 13 January 2021 9:00 am

  How the Fed is Focusing on Economic Recovery

  

  The United States Federal Reserve now has a clearer focus on the American economy’s path to recovery, Reuters reported, citing official sources. There is also optimism that the peaceful transition of power to a new administration on January 20 will help increase government stimulus and the distribution of vaccines, which …

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• 13 January 2021 3:34 am

  U.S. Oil Inventories Down 5.8 M Barrels: API

  

  Crude oil inventories in the United States declined by 5.8 million barrels last week, according to the weekly report from the American Petroleum Institute (API). Meanwhile, gasoline stockpiles rose by 1.9 million barrels, while distillate inventories added 4.4 million barrels.

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