Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2021

• 26 February 2021 3:31 am

  House to Vote on $1.9 T Stimulus Bill Friday

  

  The United States House of Representatives will vote on the American Rescue Plan Bill on Friday, according to House Majority Leader Steny Hoyer. “The American people strongly support this bill, and we are moving swiftly to see it enacted into law,” Hoyer recently tweeted. The bill includes raising unemployment insurance …

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• 26 February 2021 2:20 am

  Fed’s Williams: Inflation Will Remain Subdued

  

  President of the Federal Reserve Bank of New York, John Williams, said on Thursday that he is “more optimistic about the medium-term outlook for the economy,” MarketWatch reported. Williams predicts economic growth this year will be “the strongest seen in decades,” while expecting that inflation will “remain subdued for some …

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• 26 February 2021 2:13 am

  Fed’s Quarles: Fed Must Keep Effective Stress Testing

  

  The Vice-Chair of the United States Federal Reserve, Randal Quarles, said that the Fed must improve the effectiveness of stress tests to help the banking sector cope with the Coronavirus pandemic, Reuters reported. “The Fed must continue to innovate so that stress testing remains effective.”“I believe that there is room …

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• 26 February 2021 2:05 am

  Fed’s Bullard Rules Out Return of 1970s Inflation Surge

  

  President of the Federal Reserve Bank of St. Louis, James Bullard, said on Thursday that the Fed policies are not expected to lead to a surge in inflation similar to what the United States saw in the 1970s, MarketWatch reported. “That’s completely different from the inflation-targeting era that began in …

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• 26 February 2021 1:53 am

  Oil Mixed Amid Anticipation for OPEC+ Summit

  

  Oil prices showed a mixed performance on Thursday amid anticipation for the upcoming monthly meeting of the OPEC+ alliance to review production policies. Brent crude futures for May delivery closed lower by 7 cents, or 0.1%, at $66.11 per barrel, following three consecutive daily increases that helped the global crude …

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• 26 February 2021 1:30 am

  Gold Declines as Treasury Yields Surge

  

  Gold prices declined on Thursday, for the third consecutive session, amid a rise in treasury yields that reached their highest level in about a year. The yield on the benchmark 10-year Treasury bond in the United States exceeded the 1.5% psychological level earlier today, reaching 1.515%, which left its toll …

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• 26 February 2021 1:10 am

  European Stocks Decline as Treasury Yields Rise

  

  European stocks closed lower on Thursday, amid rising treasury yields and a negative performance by most market sectors. The STOXX Europe 600 index dropped by 0.36% to close at 411.73 points. The chemicals sector led the losses as it fell by 1.8%. The French CAC40 index finished lower by 0.24%, …

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• 25 February 2021 9:31 pm

  U.S. Natural Gas Stockpiles Decline

  

  Natural gas inventories in the United States declined by 338 billion cubic feet (bcf) last week, data by the U.S. Energy Information Administration (EIA) showed on Thursday. The decline came a little higher than market expectations. Natural gas stockpiles reached 1.943 trillion cubic feet (tcf), decreasing by 298 bcf compared …

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• 25 February 2021 9:26 pm

  Fed’s George: Rising Yields Reflect Optimism

  

  President of the Federal Reserve of Kansas City, Esther George, said on Thursday that the rising treasury yields are a sign of optimism about economic recovery. This could further improve when vaccines are more widely distributed, she indicated. “Much of this increase likely reflects growing optimism in the strength of …

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• 25 February 2021 9:20 pm

  Fed’s Bostic: Recovery is in Rough Patch

  

  President of the Federal Reserve Bank of Atlanta Raphael Bostic said on Thursday that economic recovery and job creation will improve as Coronavirus vaccines are more widely distributed, Bloomberg reported. The Atlanta Fed President believes that the path of economic recovery depends on the development of the pandemic situation and …

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• 25 February 2021 8:57 pm

  Fed’s Bullard Welcomes Rising Treasury Yields

  

  President of the Federal Reserve Bank of St. Louis, James Bullard, said on Thursday that the rise in treasury yields is an adequate consequence to the expected economic recovery and rise in inflation, Reuters reported. “With growth prospects improving and inflation expectations rising, the concordant rise in the 10-year Treasury …

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• 25 February 2021 7:22 pm

  U.S. Pending Home Sales Fall in January

  

  Pending home sales in the United States declined in January, due to a shortage of supply, data by the National Association of Realtors (NAR) showed on Thursday. The NAR Pending Home Sales Index decreased by 2.8% in January to 122.8. The reading came against market expectations with a Reuters poll …

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• 25 February 2021 6:56 pm

  Turkey: Economic Confidence Drops in February

  

  Data from the Turkish Statistical Institute showed today, Thursday, that the index of economic confidence in Turkey decreased by 0.5% on a monthly basis in February to 95.8 points, with the repercussions of the epidemic continuing. The index hit a record low last year before recovering as coronavirus measures eased …

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