Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2021

• 22 February 2021 7:21 pm

  Lagarde: ECB Closely Monitoring Bond Yields

  

  President of the European Central Bank (ECB) Christine Lagarde told the European Parliament on Monday that the bank is closely watching bond yields to assess financing conditions in the Eurozone and economic recovery from the Coronavirus crisis, Bloomberg reported. “Within the broad-based set of indicators that we monitor to assess …

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• 22 February 2021 6:22 pm

  Breaking: Bitcoin Collapses Below $50,000 as Selling Pressure Mounts

  

  Bitcoin has been tumbling down since Elon Musk tweeted that its value “seems high” over the weekend. After topping $58,000 and a valuation of over $1 trillion, the most popular cryptocurrencies has collapsed over $10,000.

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• 22 February 2021 6:04 pm

  US: Chicago Fed National Activity Index Improves to 0.66 in January

  

  The Federal Reserve Bank of Chicago’s National Activity Index (CFNAI) rose to 0.66 in January from 0.41 in December and came in better than the market expectation of 0.4%. “The CFNAI Diffusion Index, which is also a three-month moving average, moved down to +0.34 in January from +0.49 in December,” …

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• 22 February 2021 6:03 pm

  Oil Prices Rise as Production Begins Slowly in The United States

  

  Oil prices increased due to the slow resumption of US crude production after it was reduced by freezing weather conditions while demand recovered from its low levels during the Corona pandemic. Brent crude rose 55 cents, or 0.9%, to $63.46 a barrel, after increasing nearly 1% last week. U.S. crude …

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• 22 February 2021 5:52 pm

  US Media: About a Third of Texas Residents Still Suffer From a Lack of Water Supply

  

  US media reported that US authorities said that about 8.8 million Texas residents were still facing water supply problems after an unprecedented frost wave damaged power plants last week. The authorities still advise millions of Texas residents to boil water before using it, although all power stations returned to work …

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• 22 February 2021 5:50 pm

  IFO: German Industrial Sector Raises Economic Outlook

  

  The German economy is heading for improvement, and that sentiment has improved in the industrial sector, in particular, said Klaus Vollerbe, an economist at IFO, on Monday. He added that companies had revised production plans upwards and had increased export expectations for the industry. “The German economy is looking towards …

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• 22 February 2021 3:00 pm

  Business confidence Increased More Than Expected in Germany

  

  Today’s survey showed that German business confidence increased much more than expected in February, reaching its highest level since October as the industrial sector supports Europe’s largest economy despite the restrictions of lockdown measures. IFO said its business climate index rose to 92.4 from a revised level of 90.3 in …

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• 22 February 2021 2:57 pm

  Bitcoin Drops 6% to Less Than $55,000

  

  Bitcoin fell more than 6% today, Monday, after rising to a record high of $58,354 the previous day, as selling in global stocks hampered risk appetite. And the world’s most popular cryptocurrency rose over the weekend to record levels, nearly doubling in value since the start of the year. Its …

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• 22 February 2021 2:56 pm

  Currencies Overview: The Dollar Trimmed Losses on Yields Rising

  

  The dollar trimmed its losses in early European trade after reaching its lowest level in several years against the pound sterling and the currencies of Australia and New Zealand, as bond yields rose in light of progress in Corona’s immunization programs and expectations of an acceleration of economic growth and …

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• 22 February 2021 1:22 pm

  Goldman Raises Its Forecast For Brent Price in Q3 to $75 a barrel

  

  Goldman Commodities Research raised its Brent crude oil price forecast of $10 for Q2 and Q3 of 2021, indicating lower expectations for stocks and higher cost margins for resuming upstream activities and speculative inflows. The American bank expects Brent prices to reach $70 a barrel in Q2, from the $60 …

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• 22 February 2021 12:48 pm

  Gold Rising From a 7-Month Low as The Dollar’s Weakness Outweighs The High Yields

  

  Gold prices rose, after reaching its lowest level in more than seven months in the previous session, as support from the dollar’s weakness overshadowed the pressure caused by the rise in Treasury yields. Spot gold rose 0.5% to 1,791.50 dollars an ounce, after touching its lowest level since the second …

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• 22 February 2021 12:13 pm

  Saudi Arabia And Russia Differ on Oil Strategy Ahead of OPEC+ Meeting

  

  The Kingdom of Saudi Arabia and Russia have all divided overviews on production strategy ahead of the upcoming OPEC+ meeting. Saudi Arabia sees a preference for keeping production steady, but Russia wants to increase supplies, Bloomberg reported. OPEC+, which includes members of the Organization of the Petroleum Exporting Countries (OPEC) …

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• 22 February 2021 11:06 am

  Japan Shares Jumped on Recovery Hopes

  

  Japanese stocks jumped, ending a three-day losing streak, as optimism about the economy’s recovery from the pandemic prompted new purchases of materials companies, those related to travel, and cheap ones linked to the economic cycle. The benchmark Nikkei index rose 0.46% to 30,156.03 points, while the broader Topix index gained …

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