Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2021

• 15 February 2021 3:29 pm

  Eurozone Trade Surplus Increased More Than Expected in December

  

  Data showed that the eurozone’s trade surplus with the rest of the world was larger than expected in December, adding an otherwise positive contribution to shrinking GDP. The European Union statistics office Eurostat said the unadjusted trade surplus of the 19 countries in the eurozone amounted to 29.2 billion euros …

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• 15 February 2021 1:43 pm

  Oil at 13-Month High Due to Fears of Geopolitical Tensions

  

  Oil prices rose Monday, February 15th, to their highest levels in nearly 13 months, as escalating tension in the Middle East stimulated new purchases, while crude received support from hopes that an American stimulus and easing isolation measures would fuel demand for fuel. Brent crude rose $ 1.02, or 1.6%, …

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• 15 February 2021 12:59 pm

  US Dollar Near Its Lowest Level in Two Weeks on Concerns About The Pace of The US Recovery

  

  The dollar began the week sitting near a two-week low on Monday (February 15th), as traders doubt whether the recovery from the pandemic in the United States will be as fast as expected. Bitcoin is still volatile, as it fell to the low of $45,914.75, a day after reaching a …

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• 15 February 2021 12:20 pm

  Mario Draghi Sworn in as Prime Minister of Italy

  

  Mario Draghi was sworn in on Saturday as prime minister in Italy, following weeks of an unprecedented crisis in the third economies of the euro area. “I swear to be loyal to the republic,” echoed the former president of the European Central Bank. He was standing in front of President …

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• 15 February 2021 12:01 pm

  Japan Industrial Production Less Than Expected in December 2020

  

  Industrial production in Japan decreased by 1.0% m-o-m in December 2020 compared to preliminary estimates that indicated a decrease of 1.6% and after declining by 0.5% in the previous month. This was the second consecutive decline in Japanese industrial output, as the worsening of the Corona pandemic and slowing vaccination …

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• 15 February 2021 9:12 am

  Weekly Recap: 8-12 February

  

  Last week saw the impeachment trial of former United States President Donald Trump takes place at the Senate on the charge of inciting an insurrection after his followers stormed the Capitol on January 6. Over the weekend, Trump was acquitted in his second impeachment trial, as once again not enough …

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• 13 February 2021 1:48 am

  NYSE Indices Finish at New Record Highs

  

  The main indices of the New York Stock Exchange (NYSE) rose on Friday, reaching new record highs, amid an improved investors’ sentiment. U.S. stock indexes on Friday finished on a higher note, notching a series of record highs on the back of optimism about a fresh round of COVID spending, …

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• 13 February 2021 1:43 am

  U.S. Treasury Yields Rise to Highest Level in Year

  

  Treasury yields in the United States increased significantly on Friday, amid expectations of a rise in inflation in the U.S. Return on the 10-year Treasury bonds rose by 4.2 basis points to 1.199%, nearing its highest levels since March 2020 For the week, the benchmark U.S. Treasury noted saw an …

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• 13 February 2021 1:38 am

  Oil Prices Extend Weekly Gains

  

  Oil prices rose on Friday, supported by geopolitical tensions raising concerns about crude supplies from the Middle East. Brent crude futures for April delivery gained $1.29, or 2.1%, to close at $62.43 per barrel. For the week, the global benchmark crude most active contracts gained 5.2%. Meanwhile, the West Texas Intermediate …

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• 13 February 2021 1:33 am

  Gold Scores First Gains in Three Weeks

  

  Gold prices declined on Friday, due to the rise in the United States Treasury yields, narrowing their weekly gains that come for the first time in three weeks. Gold futures for April delivery closed lower by $3.60, or 0.2%, at $1,823.20 per ounce. On a weekly basis, the yellow metal most …

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• 12 February 2021 11:48 pm

  Yellen: The Time to Go Big on Stimulus is Now

  

  The United States Secretary of the Treasury, Janet Yellen, called upon G7 countries to go big on stimulus spending to help economies recover from the impacts of the Coronavirus pandemic. Yellen’s remarks on Friday came during a meeting of G7 finance ministers and central bank leaders, Reuters reported. “The time …

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• 12 February 2021 10:34 pm

  European Stocks Record Second Weekly Gains in Row

  

  European stocks reversed earlier losses and closed higher on Friday, to score their second consecutive week of gains. The STOXX Europe 600 index finished higher for the day by 0.64%, registering weekly gains of 1% and rising to its best level in three weeks. The French CAC40 index gained 0.60%, …

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• 12 February 2021 8:39 pm

  U.S. Consumer Sentiment Declines in February

  

  Consumer sentiment in the United States declined in early February, data showed on Friday. The consumer sentiment index fell to a reading of 76.2, down from 79 in January, according to the University of Michigan. Surveyed consumers are less optimistic about economic recovery, despite the expectations for a new huge …

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