Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2021

• 26 February 2021 2:05 am

  Fed’s Bullard Rules Out Return of 1970s Inflation Surge

  

  President of the Federal Reserve Bank of St. Louis, James Bullard, said on Thursday that the Fed policies are not expected to lead to a surge in inflation similar to what the United States saw in the 1970s, MarketWatch reported. “That’s completely different from the inflation-targeting era that began in …

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• 26 February 2021 1:53 am

  Oil Mixed Amid Anticipation for OPEC+ Summit

  

  Oil prices showed a mixed performance on Thursday amid anticipation for the upcoming monthly meeting of the OPEC+ alliance to review production policies. Brent crude futures for May delivery closed lower by 7 cents, or 0.1%, at $66.11 per barrel, following three consecutive daily increases that helped the global crude …

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• 26 February 2021 1:30 am

  Gold Declines as Treasury Yields Surge

  

  Gold prices declined on Thursday, for the third consecutive session, amid a rise in treasury yields that reached their highest level in about a year. The yield on the benchmark 10-year Treasury bond in the United States exceeded the 1.5% psychological level earlier today, reaching 1.515%, which left its toll …

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• 26 February 2021 1:10 am

  European Stocks Decline as Treasury Yields Rise

  

  European stocks closed lower on Thursday, amid rising treasury yields and a negative performance by most market sectors. The STOXX Europe 600 index dropped by 0.36% to close at 411.73 points. The chemicals sector led the losses as it fell by 1.8%. The French CAC40 index finished lower by 0.24%, …

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• 25 February 2021 9:31 pm

  U.S. Natural Gas Stockpiles Decline

  

  Natural gas inventories in the United States declined by 338 billion cubic feet (bcf) last week, data by the U.S. Energy Information Administration (EIA) showed on Thursday. The decline came a little higher than market expectations. Natural gas stockpiles reached 1.943 trillion cubic feet (tcf), decreasing by 298 bcf compared …

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• 25 February 2021 9:26 pm

  Fed’s George: Rising Yields Reflect Optimism

  

  President of the Federal Reserve of Kansas City, Esther George, said on Thursday that the rising treasury yields are a sign of optimism about economic recovery. This could further improve when vaccines are more widely distributed, she indicated. “Much of this increase likely reflects growing optimism in the strength of …

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• 25 February 2021 9:20 pm

  Fed’s Bostic: Recovery is in Rough Patch

  

  President of the Federal Reserve Bank of Atlanta Raphael Bostic said on Thursday that economic recovery and job creation will improve as Coronavirus vaccines are more widely distributed, Bloomberg reported. The Atlanta Fed President believes that the path of economic recovery depends on the development of the pandemic situation and …

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• 25 February 2021 8:57 pm

  Fed’s Bullard Welcomes Rising Treasury Yields

  

  President of the Federal Reserve Bank of St. Louis, James Bullard, said on Thursday that the rise in treasury yields is an adequate consequence to the expected economic recovery and rise in inflation, Reuters reported. “With growth prospects improving and inflation expectations rising, the concordant rise in the 10-year Treasury …

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• 25 February 2021 7:22 pm

  U.S. Pending Home Sales Fall in January

  

  Pending home sales in the United States declined in January, due to a shortage of supply, data by the National Association of Realtors (NAR) showed on Thursday. The NAR Pending Home Sales Index decreased by 2.8% in January to 122.8. The reading came against market expectations with a Reuters poll …

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• 25 February 2021 6:56 pm

  Turkey: Economic Confidence Drops in February

  

  Data from the Turkish Statistical Institute showed today, Thursday, that the index of economic confidence in Turkey decreased by 0.5% on a monthly basis in February to 95.8 points, with the repercussions of the epidemic continuing. The index hit a record low last year before recovering as coronavirus measures eased …

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• 25 February 2021 6:34 pm

  US: Real GDP expands by 4.1% in Q4

  

  The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 4.1% in Q4, the US Bureau of Economic Analysis’ second estimate showed on Thursday. This reading followed the initial estimate of 4% and came in line with the market expectation.

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• 25 February 2021 5:53 pm

  US: Weekly Initial Jobless Claims Fall to 730K

  

  The Labor Department said initial jobless claims fell to 730,000 last week, while the previous week’s figure was also revised down by 20,000 to 841,000. Analysts had expected a figure of 838,000 before the release. This reading followed the previous print of 841,000 (revised from 861,000) and came in better than …

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• 25 February 2021 5:52 pm

  U.S: Durable Goods Orders Rise by 3.4% in January vs. 1.1% Expected

  

  Durable Goods Orders in the United States rose by 3.4%, or $8.5 billion, in January to $25.6.6 billion, the data published by the US Census Bureau showed on Thursday. This print followed December’s increase of 1.2% and beat the analysts’ estimate of 1.1% by a wide margin.

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