Gold prices rose today, Wednesday, as the dollar retreated after Janet Yellen, a candidate for the position of US Treasury Secretary, stressed the need for a major stimulus to help the economy recover from the Coronavirus crisis, which boosted the demand for the yellow metal as a hedge. On Tuesday, …
Read More »Strong Recovery Restores Confidence in Bitcoin and Ignites Investor Appetite
Bitcoin has surged to a month-and-a-half high, sparking renewed optimism across the crypto world. Th…
Markets Await Fed Decision Amid Rising Economic Uncertainty
Global financial markets are entering a tense waiting period as the Federal Reserve begins its two-d…
Gold Pauses at the $5,000 Threshold as Oil Shock Shifts Market Attention
Gold prices hovered near the psychological $5,000 per ounce mark on Tuesday, struggling to extend th…
Dollar Under Pressure as Global Tensions Rise, Markets Await Key Rate Decisions
The US dollar lost momentum for a second consecutive day as investors grew increasingly cautious ahe…
Explainer: Defense Giants, Oil Titans, and Metal Kings Surge as the Iran Conflict Reshapes the Market
When the conflict with Iran erupted on February 28, 2026, the shockwaves were felt far beyond the Mi…
Wall Street Opens Strong: Stocks Rally Amid Falling Bond Yields and Rising Oil Prices
U.S. stocks climbed on Tuesday, driven by signs of a slowing labor market and easing bond yields. Th…
Pound Gains as Investors Watch Looming Fed and BoE Decisions
The British Pound rose on Tuesday, trading near 1.3350, as investors prepared for important central …
Euro Climbs as Swiss Franc Pullback, Safe-Haven Bounce Fades, Traders Eye Central Bank Moves
The Euro gained ground against the Swiss Franc on Tuesday, with EUR/CHF edging higher to around 0.90…
U.S. Futures Slip as Oil Surge and Hormuz Tensions Keep Markets on Edge
U.S. stock futures edged lower on Tuesday, pausing after a strong rally in the previous session, as …
Dollar Edges Higher as Oil Surge and Hormuz Tensions Fuel Inflation Concerns
The U.S. dollar strengthened modestly on Tuesday, supported by elevated oil prices and ongoing geopo…
Market Analysis
January, 2021
-
20 January 2021 1:48 pm
Saudi Arabia Bypasses Russia, Consolidating its Position as The Largest Oil Supplier to China
Government data revealed today, Wednesday, that Saudi Arabia overtook Russia to maintain its position as the largest supplier of crude oil to China in 2020. China, the world’s largest oil importer, bought 542.4 million tons of crude oil in 2020, or 10.85 million barrels per day, which is an increase …
Read More » -
20 January 2021 11:59 am
Nikkei Drops Profit-Taking
Japanese stocks gave up early trade gains on Wednesday on profit-taking as US Treasury nominee Janet Yellen’s call for big spending did not come as a surprise to investors. The Japanese Nikkei index fell 0.38% to 28,523 points, while the broader Topix index fell 0.34% to 1,849 points. Asian stocks …
Read More » -
20 January 2021 1:02 am
Natural Gas Futures Record Largest Decline in 2021
Natural gas prices fell sharply on Tuesday, seeing their biggest decline since the beginning of the year, and closing at their lowest level year-to-date. This comes amid an expected decline in the demand for heat fuel compared with the usual levels in previous winters. Natural gas futures for February delivery …
Read More » -
20 January 2021 12:52 am
IEA Cuts Oil Demand Forecasts for 2021
The International Energy Agency (IEA) cuts its expectations for the global demand for crude oil during 2021 by 280,000 barrels per day (b/d) to 5.5 million b/d, according to the monthly report released on Tuesday. A decline of 600,000 b/d is expected during the first quarter (Q1) of the year, …
Read More » -
20 January 2021 12:45 am
Oil Closes Higher as the USD Declines
Oil prices rose on Tuesday, amid the decline of the U.S. Dollar (USD), despite the International Energy Agency (IEA) cutting its expectations for the global demand for crude oil in 2021. Hopes for increased government stimulus by the new administration that is about to take over in the United States …
Read More » -
20 January 2021 12:33 am
Gold Settles Higher on Promises for Increased Stimulus Spending
Gold prices rose on Tuesday, recovering some its recent losses, as the U.S. Dollar (USD) turned to the negative territory ahead of the inauguration of the President-elect of the United States, Joe Biden. The decline of the USD and the rise of the yellow metal are attributed to the expected …
Read More » -
20 January 2021 12:27 am
Investors Worry About Bitcoin and Tech Stock Bubbles: Survey
Investors are growing worried about Bitcoin and tech stocks on Wall Street as the biggest risks of market bubbles right now, according to a recent report by Deutsche Bank picked up by CNBC on Tuesday. A survey by Deutsche Bank showed that the majority of investors, 89% of 627 participants, …
Read More » -
19 January 2021 11:51 pm
EU Wants to Reduce Dependence on USD
The European Commission, the executive body of the European Union (EU) seeks to increase the international role of the Euro (EUR), building more independence away from the dominance of the U.S. Dollar (USD), Reuters reported. “With the withdrawal of the UK from the EU, there is a strong need and …
Read More » -
19 January 2021 9:57 pm
Yellen Voices Support for Biden’s Rescue Plan
Former Chair of the United States Federal Reserve and President-elect Joe Biden’s nominee for Secretary of the Treasury, Janet Yellen, said on Tuesday that the benefits of the new rescue package, which will increase government stimulus spending by $1.9 trillion, are bigger than its costs. Speaking to the U.S. Senate …
Read More » -
19 January 2021 9:22 pm
Why the Fed is Set to Maintain its Easing Policies During 2021?
The United States Federal Reserve is planning to maintain its easing policies for the foreseeable future, despite expectations that the new administration, led by the Democratic President-elect Joe Biden, will roll out new massive economic stimulus to help the American economy cope with the complications of the Coronavirus pandemic. Last …
Read More » -
19 January 2021 9:04 pm
European Stocks Close Lower Ahead of Biden’s Inauguration
European stocks closed lower on Tuesday, amid anticipation for the developments of the Coronavirus pandemic across the content and for the new administration in the United States taking over tomorrow with the inauguration of President-elect Joe Biden. The pan-continental STOXX Europe 600 index finished lower by 0.2%, with the basic …
Read More » -
19 January 2021 7:37 pm
Canada’s Manufacturing Sales Down for Fourth Month in Row
Manufacturing sales in Canada declined during November for the fourth month in a row, falling by 0.6%, according to data by Statistics Canada released on Tuesday. Manufacturing sales registered CAD 53.7 billion in November.
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations