Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2021

• 27 January 2021 1:08 am

  Gold Maintains Downward Trend for Fourth Session in Row

  

  Gold prices declined on Tuesday for the fourth consecutive session, despite the U.S. Dollar (USD) declining across the board, amid an improved risk appetite among investors and reduced demand for safe havens. Markets are anticipating the outcome of the United States Federal Reserve policy meeting, which concludes on Wednesday. The …

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• 27 January 2021 1:02 am

  U.S. Housing Price Index Rises in November

  

  The United States Housing Price Index rose by 1% last November, data by the Federal Housing Finance Agency (FHFA) showed on Tuesday. On an annual basis, house prices increased by 11% between November 2019 and November 2020. October’s reading that showed a 1.5% increase remained unchanged.

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• 27 January 2021 12:10 am

  Will the Biden Administration Continue the Trade War with China?

  

  The Governor of Rhode Island, Gina Raimondo, who has been nominated by President of the United States Joe Biden to lead the U.S. Department of Commerce, has vowed to be tough against unfair trade practices from China. Speaking in testimony in front of the U.S. Senate Commerce Committee, Raimondo said …

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• 26 January 2021 11:39 pm

  IMF Improves Outlook for Global Economy in 2021

  

  The International Monetary Fund (IMF) is now more optimistic about the recovery of the global economy, as shown by the latest World Economic Outlook released on Tuesday. The IMF sees the global economy growing by 5.5% in 2021, compared with its expectations in October of 5.2% growth. As for 2022, …

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• 26 January 2021 10:00 pm

  European Stocks Rise After Two Declines

  

  European stocks closed higher on Tuesday, following two consecutive declines, supported by a positive performance by major market sectors led by chemicals and financial sectors, as well as good financial results by a number of major listed companies. The rise of European stock markets also comes amid an overall improvement …

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• 26 January 2021 8:56 pm

  USD Declines from Week-High as Risk Appetite Improves

  

  The U.S. Dollar (USD) is declining across the board on Tuesday, as investors are seeking riskier currencies as assets amid an improvement in the risk appetite. Concerns about the problems facing the rollout of Coronavirus vaccines around the world as well as the rising number of new COVID-19 cases helped …

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• 26 January 2021 8:14 pm

  Richmond Fed Manufacturing Index Declines in January

  

  The Richmond Fed Manufacturing Index declined from 19 in December to 14 in January, data by the Federal Reserve Bank of Richmond showed on Tuesday. Despite the decline, the index remained in the expansion territory. Manufacturers reported lengthening vendor lead times, as this index rose to 39, its highest reading …

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• 26 January 2021 8:00 pm

  U.S. Consumer Confidence Rises in January

  

  Consumer confidence in the United States increased during in January, despite worries about the Coronavirus pandemic, data showed on Tuesday. The consumer confidence index by the Conference Board rose to a reading of 89.3 in January from 87.1 in December.

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• 26 January 2021 6:00 pm

  US: Philly Fed Nonmanufacturing Index Improves to -17.5 in January From -26.6 in December

  

  The Regional Business Activity Index of the Federal Reserve Bank of Philadelphia’s Nonmanufacturing Business Outlook Survey improved to -17.5 in January from -26.6 in December.

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• 26 January 2021 5:41 pm

  IMF: Global Economic Growth Forecast For 2021 at 5.5% vs. 5.2% in October

  

  In its latest World Economic Outlook report, the International Monetary Fund (IMF) revised up its forecast for 2021 global economic growth to 5.5% from 5.2% in October’s publication, as reported by Reuters. “IMF forecasts 2020 global economic contraction at 3.5% vs. October forecast of 4.4% contraction, cites stronger-than-expected momentum in …

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• 26 January 2021 5:26 pm

  Saudi Arabia Markets Dual-Tranche Dollar Bonds – Document

  

  A document seen by Reuters showed that Saudi Arabia has begun marketing the sale of standard-sized US dollar-denominated bonds in two tranches for a term of 12 and 40 years. The Kingdom has set an initial indicative price at about 165 basis points over ten-year US Treasury bonds for the …

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• 26 January 2021 4:42 pm

  Merkel: Will Lobby For Strengthening of WTO

  

  German Chancellor Angela Merkel said on Tuesday that Germany will lobby for the strengthening of the World Trade Organization (WTO) and noted that the WTO is the basis for fair trade, as reported by Reuters. “We hope to continue the Organisation for Economic Co-operation and Development (OECD) work on the …

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• 26 January 2021 4:40 pm

  Italy: Prime Minister Giuseppe Conte Officially Resigns

  

  Italian Prime Minister has officially resigned, Reuters reported on Tuesday, citing a statement released by the President’s office. The press release further revealed that the President will start consultations with political parties on Wednesday on how to resolve this crisis.

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