Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Data revealed that new car registrations in Europe decreased in July and August, but not at the same level as the previous months, indicating a slow recovery in the European auto sector, which was severely affected by the Corona pandemic. In July, new car registrations dropped by 3.7% year-on-year to …

Gold prices fell Thursday, September 17th, as the dollar rose after the US Federal Reserve painted a positive picture of the economic recovery, but declined to provide concrete indications of further stimulus. By 05:24 GMT, spot gold fell 0.8% to $ 1943.70 an ounce, while US gold futures fell 1% …

Oil prices fell Thursday, September 17th, after rising strongly in the previous two sessions as concerns about weak demand re-emerged as producers in the Gulf of Mexico prepare to resume production after Hurricane Sally. Brent crude futures fell 67 cents, or 1.6%, to $ 41.55 a barrel by 06:28 GMT, …

Japanese stocks fell Thursday, September 17th, driven by the decline of export companies after the US Federal Reserve pledged to keep interest rates near zero until at least 2023, pushing the yen to its highest level in seven weeks against the dollar. The Nikkei index fell 0.67% to 23,319.37 points, …

New Zealand’s gross domestic product fell a seasonally adjusted 12.2% in Q2, data showed on Thursday GDP prod based (QoQ) sa (q2): -12.2% (est -12.8%, prev -1.6%). GDP prod based (YoY) sa (q2): -12.4% (est -13.3%, prev -0.2%). Annual average prod-based GDP -2.0% in Q2 vs year ago (Reuters poll …

The People’s Bank of China (PBOC) has set the yuan reference rate at 6.7675 on Thursday, having raised the mid-point rate by 397 basis points to 6.7825 on Wednesday.

FX option expiries for Sept 17 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1700 501m1.1775 530m1.1800 943m1.1850 1.2bn1.1875 1.0bn – USD/JPY: USD amounts          104.25 393m105.00 1.9bn105.10 512m105.25 355m105.40 856m105.48 800m105.50 506m105.53 400m105.55 522m106.00 2.0bn – AUD/USD: AUD amounts 0.7235 688m  – USD/CAD: USD amounts …

The New York Stock Exchange (NYSE) finished Wednesday’s trading mixed, after the release of the Fed policy statement. The Dow Jones Industrial Average closed higher by 36.78 points, or 0.1%, at 28,032.38 points. The S&P 500 index declined by 15.71 points, or 0.5%, and closed at 3,385.49 points. Similarly, the …

Oil prices rose on Wednesday, amid output disruptions in North America, particularly in the Gulf of Mexico, and after the US Energy Information Administration (EIA) reported a decline in crude inventories last week. Brent crude futures for November delivery increased by $1.69, or 4.2%, to finish at $42.22 per barrel. …

The United States Federal Reserve finished its two-day policy meeting on Wednesday and expressed better expectations for the US economy. The Fed reiterated its commitment to do what is necessary to help the US economy recover from the worst recession in years. Members of the Federal Open Market Committee (FOMC) …