Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2020

• 18 December 2020 9:23 pm

  Dollar Showing Some Recovery Signs

  

  The US Dollar (USD) is rising against international peers on Friday after it was reported that a new stimulus package could not be in the making as previously expected. The Dollar Index (DXY) is up by 0.27% at 90.06. The index has been moving in the positive territory in a …

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• 18 December 2020 9:18 pm

  European Stocks End Friday in Red

  

  European stocks closed Friday lower on the negative tone recently expressed by the United Kingdom (UK) and the European Union (EU) regarding trade talks for the post-Brexit stage. The STOXX Europe 600 index finished lower by 0.3%, with the retail sector leading the losses. The UK’s FTSE100 also settled lower …

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• 18 December 2020 8:00 pm

  UK: No-Deal Brexit Now Very Likely

  

  It is now very likely that a no deal Brexit will be completed by the end of the year, a spokesman for the British Prime Minister Boris Johnson said on Thursday. Talks are in a serious situation and there is no room for an agreement unless the European Union (EU) …

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• 18 December 2020 7:04 pm

  Wall Street Opens Lower As Stimulus Hopes Decrease

  

  Wall Street opened Friday lower, after a record-breaking session yesterday, amid decreased hopes for a new stimulus package. The Dow Jones Industrial Average is currently down by 74 points, or 0.24%, at 30,229.29 points. The S&P 500 declined by 11.22, or 0.30%, to reach 3,711.26 points. Meanwhile, the Nasdaq  Composite …

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• 18 December 2020 6:50 pm

  Canada’s Retail Sales Rise in October

  

  Retail sales in Canada continued to grow during October and rose by 0.4%, data by Statistics Canada showed on Friday. The total value of retail sales increased to $54.6 billion. This is the sixth consecutive monthly rise for Canadian retail sales, after recording an unprecedented decline in April due to …

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• 18 December 2020 5:35 pm

  British Factories See Smaller Drop in Orders in December

  

  A survey on Friday showed that the decline in British factory orders eased in December as more parts of the economy reopened following a second nationwide lockdown to combat the spread of the Coronavirus. The Confederation of British Industry’s measure of monthly orders books in the manufacturing sector rose to …

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• 18 December 2020 5:29 pm

  Central Bank of Russia Keeps Key Policy Rate Unchanged at 4.25%

  

  Russia’s central bank announced on Friday left its policy rate unchanged at 4.25% but reiterated that it will consider the necessity of further rate cuts at its upcoming meetings, as reported by Reuters.

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• 18 December 2020 4:39 pm

  US Dollar Increases Its Losses After a Week of Decline

  

  The dollar exacerbated its losses, after a week of declining pushing it to its lowest level in two and a half years, as its decline attracted more short sellers seeking to make an easy profit. The dollar index recovered during the session and rose in recent trading 0.2% at just …

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• 18 December 2020 3:35 pm

  UK Retail Sales Drop in November With Stores Closed

  

  British retail sales fell last month when a four-week lockdown in England caused stores selling non-essential goods to close, dropping clothing sales by about a fifth and adding to the hardships in some of the main stores hit hardest. The Office for National Statistics said retail sales volumes overall fell …

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• 18 December 2020 2:34 pm

  Eurozone Current Account Surplus Widened in October

  

  Data from the European Central Bank showed that the revised current account surplus of the 19 Eurozone countries widened to 26.6 billion euros in October from 25.2 billion in September thanks to a rise in the contribution of trade in goods and services. In the twelve months to September, the …

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• 18 December 2020 1:56 pm

  Oil Retreating From a 9-Month Peak on Demand Concerns as COVID-19 Cases Soar

  

  Oil prices fell on Friday, but remained close to the nine-month peak they reached in the previous session, as rising Covid-19 cases put pressure on demand for fuel and US lawmakers are fighting over a $900 billion economic stimulus package. US West Texas Intermediate crude futures fell 17 cents, or …

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• 18 December 2020 1:12 pm

  German IFO Business Climate Index Beats Estimates

  

  The headline German IFO Business Climate Index came in at 92.1 in December, stronger than last month’s 90.7 while beating the consensus estimates pointing to a reading of 90.0. Meanwhile, the Current Economic Assessment arrived at 91.3 points in the reported month as compared to last month’s 90.0 and 89.0 …

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• 18 December 2020 1:06 pm

  Gold Heading For a Third Weekly Gain as Dealers Expect US Aid

  

  Gold prices retreated as the dollar rebounded after growing hopes of approval of stimulus in the United States led gold to rise for three days, putting the yellow metal on the path of achieving gains for the third week in a row. And gold in spot transactions fell 0.1% to …

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