Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2021

• 11 January 2021 2:45 pm

  Oil Prices Fell Due to Renewed Coronavirus Fears

  

  Brent crude prices fell, a dollar per barrel, on Monday, January 11, as they were affected by renewed concerns about global demand for fuel in light of strict lockdown measures aimed at combating the spread of the Coronavirus in Europe and new restrictions on movement in China, the second-largest consumer …

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• 11 January 2021 2:38 pm

  European Shares Down on Lower Commodities And Virus Concerns

  

  European stocks retreated from a more than ten-month peak Monday (January 11th) as investors reaped profits after a strong week while increasing coronavirus cases on the continent and mainland China pushed energy and mining shares lower. The European Stoxx600 index was down 0.1%. The German index lost 0.4% and the …

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• 11 January 2021 1:33 pm

  The unemployment Rate in Turkey Stabilized at 12.7% in October

  

  Official data showed that the unemployment rate in Turkey stabilized at 12.7% in October, unchanged from a month ago, while the labour force participation rate fell to 50%. The unemployment rate was 13.4% a year ago. During 2020, the rate remained low due to the ban on layoffs during the …

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• 11 January 2021 1:30 pm

  The Turkish Lira Drops More Than 2% With the Rise of The US Dollar

  

  The Turkish lira fell more than 2% against the dollar, with continued gains in the US currency amid hopes of further stimulus for the US economy. The lira was at 7.47 against the dollar, compared to Friday’s closing level of 7.3550. Earlier, the pound had fallen about 2.2% to 7.52 …

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• 11 January 2021 12:32 pm

  Gold Falls With The Rise of US Dollar And Pressure From Treasury Yields

  

  Gold fell on Monday, January 11th, to touch its lowest level in six weeks earlier in the session, as prices remain under pressure due to the rise in the dollar and US Treasury yields. Gold fell in immediate transactions 1.7% to $1816.53 an ounce, its lowest level since the second …

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• 11 January 2021 3:09 am

  Weekly Recap – Jan 4-8

  

  The year 2020 is over, and many hopes that the pandemic will end as well, but the economic impact of the Corona pandemic continues with the lockdowns in most major economies, the path back to pre-pandemic levels is an unpaved road. The greenback is showing some stability with hopes for …

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• 8 January 2021 11:43 pm

  Oil Prices Extends Weekly Gains on Friday

  

  Oil prices continued to be supported by the recent OPEC+ agreement to reduce output, led by Saudi Arabia, and the huge decline in crude inventories in the United States. Brent crude futures for March delivery rose by $1.61, or 3%, to finish the week at $55.99 per barrel, extending its …

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• 8 January 2021 11:30 pm

  Gold Turns to Weekly Losses

  

  Gold prices declined on Friday, seeing their worst daily losses since last November, amid another surge in U.S. Treasury yields and the rebound of the U.S. Dollar (USD). Gold futures for February delivery dropped by $78.20, or 4.1%, and finished at $1,835.40 per ounce. Giving up the $1,900 mark, this …

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• 8 January 2021 11:00 pm

  Bitcoin Approaches $42,000 for First Time

  

  The Bitcoin rally continued on Friday, as the world’s largest cryptocurrency traded as high as $41,973 earlier today. Bitcoin has now increased by about 40% since the beginning of the year. The biggest digital currency is currently trading around $41,000, up by a little over 5.7%. Bitcoin is showing its …

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• 8 January 2021 10:59 pm

  USD Shows Some Rebound Signs

  

  The U.S. Dollar (USD) is showing recovery signs on Friday, finishing the week with a strong performance and rising across the board. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.43% at 90.22. The index has been moving …

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• 8 January 2021 10:38 pm

  Fed’s Clarida: Vaccines Improving Economic Outlook in 2021

  

  The United States Federal Reserve Vice Chair Richard Clarida said on Friday that the distribution of Coronavirus vaccines is improving the outlook for the American economy in 2021, Reuters reported. “The economy has turned out to be more resilient in adapting to the virus and more responsive to monetary and …

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• 8 January 2021 8:59 pm

  U.S. Wholesale Inventories Unchanged in November

  

  Wholesale inventories in the United Stated remained unchanged during November, data showed on Friday. Data by the U.S. Department of Commerce showed a stability in wholesale inventories, versus an initially estimated reading that showed a decline of 0.1%. In October, wholesale inventories rose by 1.3%. Meanwhile, the component of wholesale …

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• 8 January 2021 7:44 pm

  U.S. Economy Loses Jobs but Unemployment Steadies

  

  For the first time in eight months, the United States economy saw a decline in jobs during December, amid a new wave of the Coronavirus pandemic. Data by the U.S. Department of Labor showed on Friday that Nonfarm Payrolls (NFP) declined by 140,000 in December, according to the U.S. Bureau …

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