Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2021

• 13 January 2021 9:00 am

  How the Fed is Focusing on Economic Recovery

  

  The United States Federal Reserve now has a clearer focus on the American economy’s path to recovery, Reuters reported, citing official sources. There is also optimism that the peaceful transition of power to a new administration on January 20 will help increase government stimulus and the distribution of vaccines, which …

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• 13 January 2021 3:34 am

  U.S. Oil Inventories Down 5.8 M Barrels: API

  

  Crude oil inventories in the United States declined by 5.8 million barrels last week, according to the weekly report from the American Petroleum Institute (API). Meanwhile, gasoline stockpiles rose by 1.9 million barrels, while distillate inventories added 4.4 million barrels.

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• 13 January 2021 3:31 am

  U.S. Treasury Yields Nearly Unchanged Amid Increased Demand

  

  Treasury yields in the United States stabilized on Tuesday, amid increased investors demand after yields rose to their highest levels since March of last year. Return on the 10-year Treasury note remained nearly unchanged at 1.136%. Earlier, it rose to 1.185%. Yield on the 30-year bond rose by 0.3 basis …

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• 13 January 2021 1:26 am

  Oil Futures Finish at Highest Level Since February

  

  Oil prices rose on Tuesday, supported by the decline of the U.S. Dollar (USD) and the recent OPEC+ agreement to curb output during February. Crude prices were able to log high gains and reach their best settlement level in about 11 months. Brent crude futures for March delivery added 92 …

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• 13 January 2021 1:00 am

  Gold Returns to Decline Even as USD Rebound Stops

  

  Gold prices declined on Tuesday, giving up gains seen earlier in the second session of the week. The downward trend of the yellow metal continues even as the U.S. Dollar (USD) is returning to the negative territory. Gold futures for February delivery lost $6.60, or 0.4%, to close at $1,844.20 …

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• 13 January 2021 12:07 am

  GBP Rises with Negative Rates Seem Unlikely

  

  The British Pound (GBP) is showing a strong performance on Tuesday, supported by the decline of the U.S. Dollar (USD) and the possibility of negative rates being ruled out by the governor of the Bank of England, Andrew Bailey. The GBP is up by a little over 1% against the …

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• 12 January 2021 11:38 pm

  BoE’s Bailey: UK Facing Darkest Hour

  

  The Governor of the Bank of England (BoE), Andrew Bailey, said on Tuesday that the British economy is challenged by the darkest hour amid the rising number of Coronavirus cases, Reuters reported. The BoE Governor has ruled out turning to negative interest rates to boost the economy, despite what he …

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• 12 January 2021 11:31 pm

  USD Turns to Losses Near Session Lows

  

  The U.S. Dollar (USD) has lost some of its recent gains on Tuesday, which were supported by the rising Treasury yields. The greenback showed recovery signs from its lowest level in about two and a half years, which it hit earlier this month, on the back of the continuing easing …

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• 12 January 2021 9:51 pm

  European Stocks Close Mostly Lower

  

  European stocks closed Tuesday on a mixed note, amid concerns about the rising number of Coronavirus cases despite the rollout of vaccines. The pan-European STOXX 600 index closed nearly unchanged from its level at Monday’s close. The auto sector saw gains of about 1.7%, while the utilities sector lost 1.5%. …

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• 12 January 2021 7:58 pm

  U.S. Job Openings Down 105K in November: JOLTS

  New job openings in the United States declined during November 2020, data showed on Tuesday. Job openings decreased by 105,000 to 6.527 million by the end of November, according to the U.S. Department of Labor’s monthly Job Openings and Labor Turnover Survey (JOLTS). This means that job openings declined by …

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• 12 January 2021 7:51 pm

  Germany’s Economy Expected to Grow 3.5% in 2021

  

  The German economy is expected to grow by 3.5% in 2021, following a decline of 5% in 2020, according to a recent forecast by the BDI industry association released on Tuesday, Reuters reported. However, the largest economy in Europe is not expected to return to its levels prior to the …

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• 12 January 2021 7:10 pm

  UK and EU Begin Talks Over Financial Services

  

  The United Kingdom (UK) and the European Union (EU) are set to begin talks for an agreement about coordinating financial services, Reuters reported. The announcement was made on Tuesday by the spokesman of the British Prime Minister Boris Johnson. The aim is reportedly to reach an agreement by March. “Discussions …

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• 12 January 2021 4:51 pm

  The New York Times: Deutsche Bank Decides to Stop Doing Business with Trump

  

  The New York Times reported that Deutsche Bank decided not to conduct future activities with US President Donald Trump or his companies, following the attack by his supporters on the US Congress building. Deutsche Bank is Trump’s largest lender, as Trump’s disclosures to the US Government Ethics Office and banking …

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