Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2021

• 5 January 2021 10:49 pm

  Bitcoin Could Go As High As $146K – JPMorgan

  

  Bitcoin has recently recorded multiple new all-time highs and now more increases by the world’s largest cryptocurrency are expected. Researchers at JPMorgan Chase expect Bitcoin could hit $146,000 in the near future, Dow Jones’s MarketWatch reported. If the largest digital currency was to draw demand away from gold investors, new …

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• 5 January 2021 10:28 pm

  Germany Introduces New Lockdown Measures

  

  Germany is prolonging a nationwide lockdown until the end of January 2021, introducing new preventive measures against the resurgence of new Coronavirus cases, German Chancellor Angela Merkel announced on Tuesday, Reuters reported. “We ask all citizens to restrict contact to the absolute minimum,” Merkel said. Moreover, travelers arriving in Germany …

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• 5 January 2021 10:13 pm

  World Bank Sees Lower Growth in 2021

  

  The World Bank Group believes that the global economic recovery in 2021, from the Coronavirus pandemic, is set to be slower than initially expected due to the rising number of new cases and renewed lockdown measures. The global gross domestic product (GDP) is expected to expand by 4% in 2021, …

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• 5 January 2021 9:55 pm

  Ripple Facing New Lawsuit

  

  Ripple Labs is being sued by Tetragon Financial, an investment company in the United Kingdom (UK), after the United States Securities and Exchange Commission (SEC) claimed that XRP was sold improperly, Bloomberg reported. The lawsuit was filed under seal late on Monday in the Delaware Chancery Court. Tetragon Financial Group …

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• 5 January 2021 9:42 pm

  OPEC+ Talks Continue with Various Proposals

  

  Saudi Arabia is reportedly proposing more output cuts during the month of February during the OPEC+ summit, Reuters reported. The Kingdom believes maintaining production curbs is essential to restoring the global oil market balance, despite an improved outlook due to the rollout of Coronavirus vaccines. This comes as worries about …

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• 5 January 2021 9:35 pm

  IMF Sees Global Economy At Better Than Expected Position

  

  The International Monetary Fund (IMF) is seeing the global economy beginning 2021 in a better position compared to what was expected in 2020 due to the Coronavirus pandemic. The IMG chief economist Gita Gopinath told CNBC on Tuesday that the world’s economy is starting the New Year at a somewhat …

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• 5 January 2021 9:30 pm

  GM Reports 4.8% Increase in Q4 Sales

  

  General Motors (GM), which is listed on the New York Stock Exchange (NYSE) on Tuesday reported a 4.8% rise in sales across the United States during the fourth quarter (Q4) of 2020, Reuters reported. The rise in sales is supported by increased demand for new motor vehicles during the Coronavirus …

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• 5 January 2021 9:23 pm

  U.S. Factory Activity at Highest Level Since 2018

  

  Factory activity in the United States expanded to its highest level in nearly two and a half years during December, with the American economy recovering from the impact of the Coronavirus pandemic. The pandemic is reportedly leading to increased demand for goods compared with services, however, the rising number of …

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• 5 January 2021 8:00 pm

  European Stocks Finish Lower After Fluctuating

  

  European stocks closed lower on Tuesday, after a mixed performance and fluctuating through the second session of 2021. The STOXX Europe 600 index finished down by 0.2%. In the UK. The FTSE100 index rose by 0.61%, showing a positive performance supported by an improved sentiment after the completion of the …

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• 5 January 2021 6:30 pm

  USD Continues to Decline Across the Board

  

  The US Dollar (USD) continues to decline on Tuesday, amid improved risk sentiment among investors supporting other currencies. The Dollar Index (DXY), which measures the greenback performance against a basket of six major international currencies, is down by 0.17% at 89.72. The index has been moving today in a range …

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• 5 January 2021 6:18 pm

  Oil Rises a Dollar on OPEC + Talks to Cut Production and Iranian Tension

  

  Oil prices rose nearly a dollar on Tuesday as tensions escalated after Iran seized a South Korean ship and as OPEC+ considers a possible production cut in February. Brent crude for March delivery increased 96 cents to $52.05 a barrel, while US West Texas Intermediate crude for February delivery was …

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• 5 January 2021 5:33 pm

  Britain Postponing Second Dose of Corona Vaccine

  

  The British government has recommended giving a second dose of the vaccine with a gap of 12 weeks instead of two weeks, in an effort to give more people a first dose and some initial protection against Covid-19. Accordingly, BioNTech and Pfizer responded to the decision, saying that there is …

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• 5 January 2021 4:50 pm

  Currencies Overview: US Dollar Falls And Yuan Supports High-Risk Currencies

  

  The dollar fell against a basket of major currencies on Tuesday after China raised the official exchange rate of the yuan to its highest level in 30 months, boosting demand for other currencies. The Bank of China set the official midpoint of the yuan at more than 6 per dollar …

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