Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2020

• 14 December 2020 2:15 pm

  Pound Optimistic About Brexit Talks

  

  The pound rose against the dollar and the euro thanks to hopes that Britain and the European Union would reach a free trade agreement after the decision to extend negotiations after the previous deadline expired on Sunday. The dollar traded near its lowest level in two and a half years …

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• 14 December 2020 1:17 pm

  Turkey’s Industrial Production Jumps 10.2% Y-o-Y in October

  

  Official data showed Turkey’s industrial production rose 10.2% year-on-year in October, continuing to rise for the fifth consecutive month in recovery from a slowdown caused by anti-Coronavirus pandemic closures until June. Compared to the previous month, industrial production increased 1.1% in October, according to the Turkish Statistical Institute. Turkey recorded …

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• 14 December 2020 12:22 pm

  Gold Dropping Amid Less Demand as The Vaccine Begins to be Used

  

  Gold prices fell on Monday, December 14th, as riskier assets rose due to the start of the use of the Covid-19 vaccine, which cast a shadow over hopes for more financial and monetary stimulus in the United States. The spot price of gold was down 0.3% to $ 1833.21 an …

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• 14 December 2020 6:46 am

  Weekly Recap – Dec 11

  

  Positive news regarding the launch the Vaccination campaign dominated the markets, but the Brexit crisis and the US financial stimulus still cast a shadow on the markets. In the UK, monthly GDP continued to slow down, falling to 0.4% in October, its lowest level in 6 months. British economic output …

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• 12 December 2020 1:19 am

  Oil Records Weekly Gains

  

  Oil prices closed Friday lower, but was able to record gains during the second week of December. Brent crude futures for February delivery declined by 28 cents, or 0.6%, to settle at $49.97 per barrel, giving up the $50 mark it reached for the first time since March, but adding …

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• 12 December 2020 1:15 am

  Gold Rises and Turns into Weekly Gains

  

  Gold prices increased on Friday, extending its weekly rise amid anticipation for a new stimulus package in the United States. Gold futures for February delivery increased by $6.20, or 0.3%, to close at $1,843.60 per ounce. For the week, gold futures registered gains of 0.2%.

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• 11 December 2020 10:47 pm

  Dollar Shows Rebound Signs

  

  The US Dollar (USD) is rising on Friday, supported by positive economic data and an improvement in inflation. The Dollar index (DXY), which measures the USD performance against a basket of six major international currencies, is up by 0.18% at 90.99. The index has been moving today in a range …

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• 11 December 2020 9:30 pm

  European Stocks Close Friday in Red

  

  European stocks closed Friday lower, amid uncertainty surrounding Brexit talks and a new government stimulus package in the US. The STOXX Europe 600 index finished lower by 0.5%. The UK’s FTSE100 declined by 0.66%, while the German DAX plummeted by 1.24%. Meanwhile, the French index CAC40 closed lower by 0.61%.

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• 11 December 2020 8:33 pm

  US Consumer Sentiment Improves in December

  

  The University of Michigan’s preliminary US consumer sentiment index increased by 4.5 points to 81.4 during December, from 76.9 in November, data showed on Friday. This is the second-highest level for the index since March, according to Bloomberg. The current conditions index rose to 91.8, its highest reading since March. …

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• 11 December 2020 7:47 pm

  Canada’s Capacity Utilization Rises in Q3

  

  Industrial capacity utilization rate in Canada rose during the third quarter (Q3) of 2020, but remained at a record low level, data showed on Friday. The capacity utilization rate reached 76.5% in Q3, rising by 5.8% on a quarterly basis, compared with its level in Q2 at 70.7%, according to …

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• 11 December 2020 7:42 pm

  US Producer Prices Rise in November

  

  Producer prices in the United States rose slightly last month, in line with expectations that inflation could start to rise in the near term, data showed on Friday. The US producer price index (PPI) increased by 0.1% in November, after rising by 0.3% in October, according to data by the …

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• 11 December 2020 6:00 pm

  US Health Secretary: We Will Approve The Pfizer Vaccine Within Days

  

  US Secretary of Health and Human Services Alex Azar said today, Friday, that the United States will approve the use of the Pfizer vaccine to protect against Covid-19 within days, and that the first group will be vaccinated, perhaps Monday or Tuesday. The US Food and Drugs Administration has accelerated …

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• 11 December 2020 5:57 pm

  Very Likely That We Will Have a No-deal Brexit

  

  British Prime Minister, Boris Johnson crossed the wires in the last hour and said that we are always hopeful on Brexit. But from where we stand now, it is very, very likely that we will have a no-deal Brexit, Johnson added further.

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