Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2021

• 22 January 2021 2:28 pm

  Gold Declining With Higher Returns But Heading Towards Best Week in 5 Weeks

  

  Gold fell on Friday, January 22nd as US Treasury yields rose, but the yellow metal is on track to record its best weekly performance in five weeks, supported by hopes of a major stimulus in the United States. Gold fell in immediate transactions 0.6% to 1859.10 dollars an ounce, retreating …

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• 22 January 2021 2:20 pm

  European Stock Drop as Travel Restrictions Tighten in The Eurozone

  

  European stocks fell on Friday, January 22nd, hit by tightening travel restrictions in the euro area and weak UK retail sales data, as investors awaited the latest batch of business activity data to gauge the pace of the coronavirus recovery. The European Stoxx600 index fell 0.4%, but is heading for …

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• 22 January 2021 1:26 pm

  German Preliminary Services PMI Beats Estimates With 46.8 in January

  

  The German manufacturing sector expanded less-than-expected in January, the preliminary manufacturing activity report from IHS/Markit research showed this Friday. Meanwhile, Services PMI contracted to 46.8 in January vs. 47.0 last month and 45.3 expected. The index hit a two-month low.

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• 22 January 2021 1:09 pm

  Eurozone Preliminary Manufacturing PMI Arrives at 54.7 in Jan

  

  The Eurozone manufacturing sector activity slowed this month, although bettered the consensus forecast, the latest manufacturing activity survey from IHS/Markit research showed on Friday. The Eurozone Manufacturing purchasing managers index (PMI) improved from 55.2 in December to in January and over 54.6 expected. The IHS Markit Eurozone PMI Composite arrived …

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• 22 January 2021 1:04 pm

  Bitcoin Heading For Its Worst Weekly Loss in a Month

  

  Bitcoin is experiencing volatility on Friday, January 22nd and is heading towards its worst weekly decline since September, as concerns about regulation and its overheating push it back from record highs reached recently. The world’s most popular cryptocurrency fell by more than 5% to its lowest level in nearly three …

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• 22 January 2021 12:42 pm

  Nikkei Dropping From Its 30-Year Peak as The Focus Shifts to Corporate Profits

  

  Japanese stocks retreated from a 30-year peak Friday (January 22nd), as investors were reluctant to make big bets ahead of the corporate earnings season while some took profits after a recent rally led by hopes of a massive stimulus in the United States. The Nikkei index closed down 0.44% to …

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• 22 January 2021 3:14 am

  Wall Street Closes Mixed but Maintains Some Record Levels

  

  The New York Stock Exchange (NYSE) ended Thursday trading session on a mixed note, with Wall Street continuing to show a mostly positive reaction one day after the inauguration of President Joe Biden as the 46th President of the United States. The Dow Jones Industrial Average lost 12 points to …

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• 22 January 2021 3:07 am

  Oil Futures Close Thursday on Mixed Note

  

  Oil prices showed a mixed performance on Thursday, following the release of the American Petroleum Institute’s (API) weekly report that showed an unexpected rise in crude inventories in the United States. Accordingly, the U.S. benchmark West Texas Intermediate (WTI) crude futures for March delivery declined by 18 cents, or 0.3%, …

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• 22 January 2021 3:03 am

  Gold Closes on Marginal Losses

  

  Gold prices declined marginally on Thursday, after closing yesterday at their highest level in about two weeks. This comes despite the continuous retreat of the U.S. Dollar (USD) amid expectations for increased government stimulus by the new Biden administration in the United States. Gold futures for February delivery lost 60 …

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• 22 January 2021 1:19 am

  USD Declines for Third Day in Row

  

  The U.S. Dollar (USD) declined on Thursday for the third consecutive session, with investors moving towards other currencies. This comes amid increased hopes for economic recovery amid the rollout of vaccines and the expansion of government stimulus in the United States, both of which has been promised by the new …

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• 21 January 2021 11:05 pm

  Bitcoin Losses Continue Amid Strong Selling Pressure

  

  Bitcoin continues to decline on Thursday, for the second consecutive day, amid strong selling pressures. The biggest digital currency in the world has lost more than 9% over the past 24 hours, extending its losses over the past seven days to about 19.5%. Bitcoin, the largest cryptocurrency in terms of …

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• 21 January 2021 10:55 pm

  European Stocks Close Mixed Following ECB Meeting

  

  European stocks closed Thursday on a mixed note, following the European Central Bank’s (ECB) latest policy meeting in which it decided to maintain interest rates unchanged. The pan-European STOXX 600 index finished higher by 0.15%. Meanwhile, the French benchmark index CAC40 and the German DAX closed lower by 0.67% and …

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• 21 January 2021 10:14 pm

  GBP Rises on Positive BoE Expectations

  

  The British Pound (GBP) is showing a positive performance on Thursday supported by recent remarks by the Bank of England (BoE) Governor Andrew Bailey that suggested the United Kingdom’s (UK) economy will strongly recover from the Coronavirus pandemic thanks to vaccination. “I really do think that we are going to …

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