Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2021

• 18 February 2021 6:04 pm

  British Consumer Spending Fell For The Week Ending February 11th

  

  According to official figures, British consumer spending has fallen over the past week, and the proportion of people referred to reduced-pay vacations or only those who work from home has increased, as the country remains in lockdown due to the Coronavirus. Spending on debit and credit cards, as measured by …

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• 18 February 2021 5:40 pm

  US: US: Weekly Initial Jobless Claims Rise to 861K

  

  There were 861,000 initial claims for unemployment benefits in the US during the week ending February 13, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 848,000 and came in worse than the market expectation of 765,000.

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• 18 February 2021 5:16 pm

  Brent Gave up Gains After Surging Above $65 Due to a Cold Snap in Texas

  

  Oil prices erased gains made in early trading after Brent hit a new high in 13 months, surpassing $65 a barrel, as markets witnessed new buying due to fears that sudden cold weather in Texas could disrupt US crude production for days or perhaps weeks. Brent crude fell 3 cents, …

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• 18 February 2021 4:46 pm

  Turkish Central Bank Keeps Interest Rates Unchanged at 17% With Rising Inflation

  

  The Turkish central bank kept the main interest rate at 17% as expected, unchanged for the second month in a row after dramatically raising it twice in order to calm inflation, which rose to 15%. Since November, the new central bank governor, Naji Iqbal, has raised the repurchase rate (repo) …

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• 18 February 2021 3:45 pm

  Bitcoin Continues The Streak, Hovering Above $52,000 For The First Time

  

  Bitcoin rose above $52,000 for the first time in its history on Wednesday, February 17th, as the cryptocurrency rose to a record high of $52,340. Bitcoin was invented in 2009, shortly after the global financial crisis, with the transformation in protests against the banking system into something of “digital gold” …

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• 18 February 2021 2:59 pm

  Oil Prices Are Rising Due to Fears That US Crude Production Will be Affected by Cold in Texas

  

  Oil prices rose again Thursday, February 18th, to reach their highest levels in 13 months, as markets witnessed new buying due to fears that the sudden cold weather in Texas could disrupt US crude production for days or perhaps weeks. Brent crude rose 89 cents, or 1.4%, to $65.23 a …

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• 18 February 2021 2:36 pm

  European Shares Closed Lower as Bond Yields Rose And Inflation Worries

  

  European stocks retreated from nearly a year highs on Wednesday as riskier assets shied away due to concerns about a potential inflation spurt and rising bond yields, while Gucci owner Kering led losses after announcing a drop in sales. The pan-European STOXX 600 index closed 0.7% lower, while the London …

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• 18 February 2021 2:10 pm

  Currencies Overview: The Dollar is supported by strong US data and in formation near $ 52,640

  

  The dollar traded at slightly less than its recent highs, Thursday, February 18th, after it made its first consecutive gains over two weeks, as optimistic data reinforced expectations that the US economy is recovering from the Coronavirus pandemic at a pace that it captured than its peers. Bitcoin traded near …

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• 18 February 2021 12:55 pm

  Barclays Bank Profits Drop 38% for 2020

  

  Barclays Bank announced a full-year profit of 1.53 billion pounds, equivalent to $2.11 billion, for 2020, down 38% from 2019 but exceeding analysts’ expectations. The UK bank announced a fourth-quarter net profit attributable to shareholders of £220m, even though the UK is dealing with new nationwide lockdown measures amid the …

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• 18 February 2021 12:30 pm

  Japan Shares Drop in Cautious Atmosphere Regarding Market Expectations

  

  Japanese stocks fell slightly Thursday, February 18th as investors turned to caution about the continuation of the recent rally that lifted the market above 30,000 points, but strong gains in Fast retailer operating the Uniqlo apparel chain limited the decline. The benchmark Nikkei index fell 0.19% to 30,236.09 points, losing …

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• 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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