Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2021

• 25 February 2021 4:43 pm

  Gold Continues to Drop Before The US House of Representatives Vote

  

  Gold prices continue to decline for the third day in a row, one day before the US House of Representatives announced its vote on Friday on the US stimulus package proposal. Gold fell again below $1,800 an ounce, down by 0.80%. Waiting for the necessary support to resume its rise …

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• 25 February 2021 3:08 pm

  Eurozone Corporate Lending Growth Slows

  

  European Central Bank data showed that lending to Eurozone companies slowed last month as new credit flows stalled as the bloc returned to recession and banks tightened access to credit. Growth in lending to non-financial firms in the 19-nation euro zone slowed to 7% in January from 7.1% the month …

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• 25 February 2021 2:11 pm

  Barclays Bank Raises Its Forecast For Oil Prices in 2021 Due to Tight US Supplies

  

  Barclays Bank raised its forecast for the price of oil in 2021, as it indicated a weaker than expected response from US producers to the price increase and the return of stocks to normal after the snowstorm that swept through Texas last week. The bank raised its forecast for the …

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• 25 February 2021 1:33 pm

  AUD/USD Reaches 3-years Highs

  

  Strong buying interest around the AUD/USD has pushed the pair to cross the crucial 0.8000 barrier for the first time since February 2018. The reflation pattern is gaining some momentum in Europe, which reflects risk trends with hopes about the US fiscal stimulus and the Corona vaccine, which boosts the appetite …

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• 25 February 2021 1:13 pm

  Total CEO Expects $50-60 Per Barrel of Oil

  

  The CEO of Total said that the global economic recovery from the Coronavirus pandemic may take two years, ruling out that oil prices will remain at their current high level of $70 a barrel. Patrick Boyan told local media, “I am not betting that prices remain at $70 a barrel. …

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• 25 February 2021 1:01 pm

  Mining And Banking Lead The European Markets Higher

  

  European stocks rose on Thursday, led by sectors seen as benefiting from a broader economic recovery as the US Federal Reserve indicated that it would maintain a loose monetary policy, while Standard Chartered shares fell as the bank’s annual earnings fell. The Bank of England lost 2.8% even after it …

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• 25 February 2021 11:54 am

  PAHO: Coronavirus Cases in The Americas Decreased Last Week

  

  The Pan American Health Organization said on Wednesday that the number of cases and deaths of Covid-19 in the United States decreased 30% in the past week and is declining in most South American countries, but the effect of vaccines will take months. WHO director Carissa Etienne urged governments and …

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• 25 February 2021 11:45 am

  Nikkei Rises to 30,000 Again With The Growing Optimism About The Economy

  

  Japan’s Nikkei index closed on Thursday above 30,000, after comments by Federal Reserve Chairman Jerome Powell indicated that interest rates would remain low for a long time. The benchmark Nikkei index rose 1.67% to 30,168.27 points. The broader TOPIX index rose 1.22% to 1,926.23 points. Powell told lawmakers on Wednesday …

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• 25 February 2021 11:40 am

  Oil Hovering Near Highest Level in 13 Months as US Production Was Hit by a Storm

  

  Oil prices extended their gains for the fourth consecutive session and reached their highest levels in more than 13 months, supported by the US Central Bank’s assertion that interest rates will remain low, and a sharp drop in US crude production last week due to the storm that swept across …

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• 25 February 2021 11:38 am

  Currencies Overview: US Dollar Near Lowest Level in 3 Years

  

  The US dollar sat near its lowest level in three years against riskier currencies on Thursday, February 25th, as signs of a continued easing of monetary policy by the US Federal Reserve sparked trading in assets that are rising thanks to the improvement in the economic cycle. The US currency …

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• 25 February 2021 11:34 am

  Oil Rises More Than 2%, Following data Showing Declining US Production

  

  Oil prices rose on Wednesday to their highest in 13 months after US government data showed that crude production fell due to freezing weather last week. The US production of crude oil fell by more than ten percent last week, equivalent to one million barrels per day, in the midst …

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• 25 February 2021 11:31 am

  New US Home Sales Exceeded Expectations in January

  

  New US home sales increased more than expected in January, supported by record low mortgage rates and a severe shortage of existing homes for sale. The US Commerce Department report on Wednesday shows continued housing market support for the economy’s recovery from the COVID-19 recession. But momentum may ebb in …

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• 25 February 2021 4:05 am

  USD Erases Earlier Gains and Closes Lower

  

  The U.S. Dollar (USD) declined on Wednesday after fluctuations, amid a rise in Treasury yields, the market reacting to the approval of a new Coronavirus vaccine, as well as the testimony of the Federal Reserve Chair Jerome Powell in front of the House of Representatives. The Dollar Index (DXY), which …

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