Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2021

• 18 February 2021 4:03 am

  FOMC Minutes: Economy Still Far From Targets

  

  The latest meeting of the United States Federal Reserve saw members of the Federal Open Market Committee (FOMC) maintaining their commitment to the monetary easing policies. The meeting minutes, which were released on Wednesday, showed commitment towards maintaining interest rates near 0%, as well as the current pace of the …

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• 18 February 2021 3:26 am

  Fed’s Barkin Optimistic for Recovery in 2021

  

  The President of the Federal Reserve Bank of Richmond, Thomas Barkin, on Wednesday expressed his optimism regarding the recovery of the American economy this year amid the rollout of Coronavirus vaccines. During the first third of 2021, the U.S. economy will continue to be challenged by the pandemic, which requires …

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• 18 February 2021 3:13 am

  BoE’s Ramsden: QE Program Could Continue Until November 2021

  

  Deputy Governor of the Bank of England (BoE) Dave Ramsden said on Wednesday that the bond-buying program is the most suitable stimulus option to help the British economy cope with the impact of the Coronavirus pandemic. “My overall take on [Quantitative Easing] (QE) is still that it is a tried …

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• 18 February 2021 3:00 am

  Bitcoin Continues to Rise Above $52,000

  

  The Bitcoin rally continued on Wednesday, hitting a new record level and exceeding the $52,000 level for the very first time. The world’s largest digital currency in terms of market capitalization is currently up by 7.18% at $52,137.4, extending its gains over the past seven days to 16.11%. Year-to-date, the …

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• 18 February 2021 12:00 am

  Oil Maintains Gains As Winter Storm Continues in North America

  

  Oil prices rose on Wednesday, as a strong winter storm not only disrupted crude production and refining in Texas but also led to an increased demand for energy and heat sources in parts of North America. In addition, crude prices remain supported by the commitment of the OPEC+ alliance to …

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• 17 February 2021 11:26 pm

  Fed’s Rosengren Doesn’t See 2% Inflation in 2022

  

  The President of the Federal Reserve Bank of Boston, Eric Rosengren, said on Wednesday that it is unlikely for the inflation rate in the United States to reach the Fed’s 2% target next year. Rosengren also played down the risk of a surge in inflation as the economy recovers from …

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• 17 February 2021 11:00 pm

  Gold Extends Losses and Forms Death Cross

  

  Gold prices declined on Wednesday for the fourth consecutive session, reaching its lowest levels since June of last year. The yellow metal losses are attributed to the rise of Treasury yields and a positive performance by the U.S. Dollar (USD). Gold futures for April delivery dropped by $26.20, or 1.5%, to …

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• 17 February 2021 10:06 pm

  European Stocks Decline as Treasury Yields Rise

  

  European stocks declined on Wednesday, amid expectations for a rise in inflation and the surging Treasury yields. The pan-European STOXX 600 index finished lower by 0.78%, as most of the market sectors closed in red. The German DAX index dropped by 1.10%, while the French CAC40 closed lower by 0.36%. …

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• 17 February 2021 9:47 pm

  U.S. Industrial Production Rises in January

  

  Industrial production in the United States expanded last month, as the American economy recovers from the impact of the Coronavirus pandemic. Production at U.S. factories increased by 1% in January, following a 0.9% rise in December, data by the Federal Reserve showed on Wednesday. This marked the ninth consecutive monthly …

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• 17 February 2021 8:28 pm

  U.S. Business Inventories Rise in December

  

  Business inventories in the United States rose more than expected during December, data showed on Wednesday. U.S. business inventories increased by 0.6% in December, after rising by 0.5% in November, according to data by the U.S. Department of Commerce. On an annual basis, business inventories declined by 2.6% in December …

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• 17 February 2021 4:29 pm

  Rise in European stocks stops as focus shifts towards inflation and Kering plummets

  

  European stocks retreated from nearly a year highs, as concerns about a possible increase in inflation undermined optimism about the economic recovery led by vaccines, while Kering fell after sales of its Gucci brand fell more than expected. Shares of the French group, which also owns the Saint Laurent brand, …

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• 17 February 2021 2:05 pm

  France: Unemployment Declined in Q4 to Pre-Pandemic Levels

  

  The unemployment rate in France decreased to levels before the Coronavirus Pandemic in the last quarter of 2020 despite the data being affected in part by the six-week lockdown measures to confront the COVID-19 outbreak, during which job seekers were unable to register themselves unemployed, According to the National Institute …

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• 17 February 2021 1:32 pm

  Stimulus Hopes Lead Dow Jones to a Record Closing Level

  

  The Dow Jones Industrial Average hit a record high today, Tuesday, supported by gains in the sectors related to the economic cycle, amid hopes of more financial stimulus to pull the US economy out of the recession sparked by the Coronavirus pandemic. But the Nasdaq index fell, affected by losses …

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