Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2021

• 9 February 2021 6:22 pm

  Honda And Nissan Sales Fell by a Quarter of a Million Cars in The Current Fiscal Year Due to a Lack of Chips

  

  Honda and Nissan, Japan’s second and third largest automakers, will sell 250,000 fewer cars in the current fiscal year to the two companies as a global shortage of semiconductor chips hurts production. The carmakers announced this as they were unveiling brighter forecasts for the fiscal year ending in March 2021 …

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• 9 February 2021 6:16 pm

  EUR/USD Remains Around 1.2100

  

  The buying bias around the EUR against the US dollar remains around 1.2100 for the time being. EUR/USD is floating in the area of ​​multi-day highs around 1.2100 on improving sentiment and risk trends. Actually, with additional support from President Biden’s plan to inject more stimulus into the economy, while …

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• 9 February 2021 4:33 pm

  Germany’s Export Growth on Strong Trade With China

  

  German exports grew in December as strong trade with China and the United States helped Europe’s largest economy as it struggled to grow under lockdown restrictions imposed to curb COVID-19 cases. The Federal Statistics Office said on Tuesday that exports, adjusted for seasonal factors, rose 0.1% month-on-month after a 2.3% …

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• 9 February 2021 4:07 pm

  Egypt Returning to The International Market For The 2nd Time With an Offering of $3.75 Billion

  

  The Egyptian Ministry of Finance said that it was able to implement the issuance of international bonds worth $ 3.75 billion in three tranches (5, 10 and 40 years) with issued values ​​of $750 million, $1.5 billion, and$ 1.5 billion, respectively. More than 400 investors have applied to buy and …

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• 9 February 2021 3:31 pm

  China: Passenger Car Sales jumped 26% Y-o-Y

  

  The Federation of China Automobile Industry said passenger car sales in the world’s second-largest economy reached 2.18 million units in January, an increase of 26% year-on-year. Electric car maker Tesla sold 15,484 vehicles manufactured in China last month.

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• 9 February 2021 3:22 pm

  US: NFIB Business Optimism Index Declines Modestly to 95 in January

  

  The National Federation of Independent Business (NFIB) reported on Tuesday that the Business Optimism Index in the US declined to 95 in January from 95.9 in December. This reading came in worse than the market expectation of 98.7. 

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• 9 February 2021 3:03 pm

  Gold is Gaining as US Dollar Continues to Decline

  

  Gold prices rose near their highest level in a week on Tuesday, February 9th, as the dollar faltered and expectations that a huge US fiscal stimulus will soon be passed to revive the world’s largest economy. Spot gold rose 0.5% to $1839.02 an ounce, after reaching $1843.04 earlier in the …

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• 9 February 2021 2:34 pm

  European Stocks Fell After a Strong Rally

  

  European stocks fell on Tuesday 9 February, after a strong rally receded, driven by hopes of a faster global economic recovery and the distribution of anti-Coronavirus vaccines, while shares of the French oil giant Total increased after its profits recovered in Q4 last year. Total’s share increased by 1.1% after …

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• 9 February 2021 2:30 pm

  Currencies Overview: US Dollar at Its Lowest Level in a Week

  

  The dollar is facing difficulties to rise from its lowest level in a week on Tuesday, February 9th, as traders went anxious about the outlook for the greenback with the future of major US financial stimulus package. Investors have pushed the dollar higher in recent weeks, as Democrats move quickly …

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• 9 February 2021 2:26 pm

  Bitcoin Hits $48,000 Barrier For The First Time

  

  Bitcoin hit $48,000 for the first time in the early trading on Tuesday at Bitstamp, as it headed towards the $50,000 barrier. The market value of the largest cryptocurrency in the world has now exceeded $ 891 billion. Bitcoin has risen nearly 24% since the leading electronic car maker Tesla …

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• 9 February 2021 2:18 pm

  Oil Rises to Its Highest Level in 13 Months Thanks to Production Cuts And Hopes of Recovery in Demand

  

  Oil prices rose on Tuesday, February 9th, to their highest in 13 months, as energy markets received support from major producers cutting supplies and optimism about a recovery in fuel demand. Brent crude futures for April delivery were 50 cents, or 0.8%, at $ 61.06 a barrel. US West Texas …

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• 9 February 2021 12:25 pm

  Japan Shares Closing Higher After Reaching a 30-Year Peak

  

  Japanese stocks closed higher for the third consecutive session on Tuesday, February 9, after reaching a 30-year high, as strong business results for companies and progress in distributing anti-virus vaccines raised expectations of a rapid economic recovery. The benchmark Nikkei index rose 0.4% to 29,505.93 points, while the broader Topix …

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• 9 February 2021 3:18 am

  Wall Street Continues the Record-Breaking Surges

  

  The main indices of the New York Stock Exchange (NYSE) closed at new record highs on Monday, opening the second week of February with a strong performance that build up on the recent surges, which come on the back of improved risk sentiment among Wall Street investors and anticipation for …

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