Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2021

• 18 January 2021 4:33 pm

  The US Dollar at a Peak of a Month

  

  The US dollar strengthened for the third day in a row Monday, January 18th, reaching a four-week high amid a case of risk aversion in the currency markets that pushed the Australian dollar and the British pound down. In light of the closure of the US markets on a public …

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• 18 January 2021 3:16 pm

  Corona Deaths in France Exceed 70,000

  

  The health authorities in France said Saturday, January 16 that the total Corona deaths in the country exceeded 70,000 after 196 deaths were recorded in the past 24 hours. She added that the total number of deaths reached 70,142. There were also 21,406 new infections recorded during the past 24 …

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• 18 January 2021 2:11 pm

  Growing CoronaVirus Cases Put an End to Oil Rally

  

  Oil prices retreated further from the 11-month high that they touched last week, ending a rally that began at the end of October due to production cuts and strong Chinese demand, in light of questions about market direction amid the growing number of coronavirus cases. Brent crude was down 30 …

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• 18 January 2021 1:40 pm

  US stimulus expectations raise gold despite the rising dollar

  

  Gold prices rose on Monday, January 18th, after hitting the lowest level in a month and a half earlier in the session, supported by the chances of approving a huge US relief package from the repercussions of the Coronavirus, which overshadowed the rise of the dollar and strengthened the metal’s …

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• 18 January 2021 1:37 pm

  Japanese manufacturers’ confidence stabilizes in January, and services slump

  

  The Reuters Tankan survey showed that the confidence of Japanese manufacturers had stabilized in January, to become less pessimistic in more than a year about the repercussions of Covid-19, but service companies increased pessimism in conjunction with the start of new closures involving the majority of the country’s population. The …

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• 18 January 2021 12:32 pm

  Chinese Retail Sales Below Expectations

  

  Chinese retail sales rose 4.6% year-on-year last month, while analysts’ expectations were higher at 5.5% growth, and compared to 5% growth in November. Fixed asset investment increased 2.9% in 2020, compared to expectations for a 3.2% growth and a 2.5% rise in the first eleven months of the year.

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• 18 January 2021 12:32 pm

  Chinese Industrial Output Grew by 7.3% in December

  

  According to data released, China’s industrial output rose at a faster-than-expected rate of 7.3% in December compared to a year ago, to continue growth for the ninth month in a row in a continuation of the post-Covid recovery in the huge manufacturing sector, supported by strong exports. Analysts polled by …

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• 16 January 2021 2:46 am

  A Closer Look at Biden’s $1.9 Tr Rescue Plan

  

  The President-elect of the United States, Joe Biden, revealed late yesterday a new government stimulus plan worth $1.9 trillion to help the economy face the effects of the Coronavirus pandemic, under the name “The American Rescue Plan.” The plan will grant a monthly payment of $2,000 per household by adding …

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• 16 January 2021 2:30 am

  NYSE Indices End the Week in Losses

  

  The New York Stock Exchange (NYSE) closed Friday on a lower note, with the main indices ending the week with the biggest losses since the end of October. Weak economic data prompted concerns about the state of the economy, which still struggles with the Coronavirus pandemic. The Dow Jones Industrial …

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• 16 January 2021 2:24 am

  U.S. Treasury Yields Decline for the Week

  

  Treasury yields in the United States declined on Friday, after data showed that the American economy continues to suffer from the impact of the Coronavirus pandemic. Yield on the 10-year Treasury bonds went down by 3.1 basis points to 1.097%, declining by 0.8 basis point compared to its level by …

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• 16 January 2021 2:20 am

  Oil Erases Weekly Gains and Turns to Losses

  

  Oil prices declined on Friday, giving up most of their weekly gains in a correction wave that follows recent surges amid continuous concerns about the rising number of new Coronavirus cases. Brent crude futures for March delivery declined by $1.32, or 2.3%, to close at $55.10 per barrel. For the …

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• 15 January 2021 11:18 pm

  U.S. Oil Rig Count Rises for Eight Week in Row

  

  Active rigs drilling for oil in the United States increased by 12 to 287 this week, according to the weekly report released on Friday by Baker Hughes. This is the eight consecutive weekly rise for the U.S. oil rig count. The total rig count, representing the number of active rigs …

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• 15 January 2021 11:15 pm

  Gold Closes Lower and Turns to Weekly Losses

  

  Gold prices declined on Friday as the U.S. Dollar (USD) continued to show some rebound signs across the board. Gold futures for February delivery lost $26.30, or 1.4%, to close the week at the level of $1,825.10 per ounce. The most active yellow metal contracts have registered a weekly decline …

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