Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2020

• 30 December 2020 4:37 pm

  European Union Governments Agree to Trade Agreement With Britain

  

  German Foreign Minister Heiko Maas said that European Union governments agreed Tuesday to the trade agreement that regulates relations between Britain and the 27-nation bloc, which paves the way for its temporary implementation from January 1. The agreement, which maintains no customs duties or quotas for Britain, to the European …

  Read More »
• 30 December 2020 4:01 pm

  Gold Settled Amid Britain’s Approval of a Vaccine And Dollar’s Decline

  

  Gold prices settled on Wednesday, December 30, as Britain approved an anti-Covid-19 vaccine, invented by the University of Oxford in cooperation with AstraZeneca, which boosted risk appetite, while the dollar’s decline limited precious metal losses during weak holiday transactions. There was little change in spot gold trading, at $ 1878.52 …

  Read More »
• 30 December 2020 3:25 pm

  Oxford/AstraZeneca Covid Vaccine Approved For Use in The UK

  

  According to the latest headlines floating on the wires, the UK confirmed that regulators have approved the use of the AstraZeneca/Oxford coronavirus vaccine. The UK health department announced that the government has accepted the recommendation by the MHRA to authorise the vaccine for use in the UK.

  Read More »
• 30 December 2020 3:24 pm

  German Health Minister: no Return to Normal Life at The Moment

  

  German Health Minister Jens Spahn said that the continuing high number of COVID-19 cases is not allowing a return to normal life at the present time. And Span continued, in the wake of Britain’s approval today of a new vaccine to prevent coronavirus developed by Oxford University and AstraZeneca, that …

  Read More »
• 30 December 2020 2:26 pm

  Dollar Declining on Hopes of New Stimulus

  

  The dollar fell to its lowest level in several years against many currencies on Wednesday, December 30th, as dealers bypassed a new delay in approving monetary stimulus in the United States and continued betting on the possibility of additional financial aid. The dollar hit its lowest level in more than …

  Read More »
• 30 December 2020 1:38 pm

  Oil Rising on Hopes of Recovery in Demand And a Decrease in US Inventories

  

  Oil rose on Wednesday, December 30, as prices received a boost from a fiscal stimulus package to mitigate the repercussions of the Coronavirus in the United States and lower crude oil inventories. Brent crude futures rose 35 cents, or 0.7%, to $ 51.44 a barrel by 08:03 GMT, and US …

  Read More »
• 30 December 2020 12:49 pm

  Bitcoin Reaches a New Record Level And Rises During 2020 by About 300%

  

  Bitcoin hit a record $ 28,599.99 on Wednesday, December 30, bringing its gains this year to more than 295%. And the most popular cryptocurrency in the world rose in recent transactions 3.5% to $ 28,349. Since it broke the $ 20,000 level for the first time on Dec. 16, it …

  Read More »
• 30 December 2020 12:23 pm

  Nikkei Index Retreats From Its 30-year High But Ends The Year With 16% Gains

  

  The Japanese Nikkei Index closed lower on the last trading day of this year, retreating from its highest level in more than thirty years, which it reached in the previous session as investors took profits, but recorded gains for the second year in a row. The index fell 0.45% to …

  Read More »
• 30 December 2020 11:14 am

  API: Oil inventories record a greater than expected drop last week

  

  Data from the American Petroleum Institute showed, Tuesday, that crude oil inventories in the United States fell more than expected last week, while gasoline and distillate stocks recorded a decrease, contrary to expectations. The data indicated that crude inventories fell by 4.8 million barrels in the week ending on the …

  Read More »
• 30 December 2020 11:12 am

  Gold rallied as US Dollar Fell Despite Postponing a Vote on an American Stimulus Package

  

  Gold prices rose on Wednesday, December 30, as the dollar fell, while investors ignored the Republican majority leader’s decision to postpone a vote in the US Senate on larger payments to mitigate the repercussions of the Coronavirus pandemic. Spot gold rose 0.2% to 1,881.62 dollars an ounce. And gold in …

  Read More »
• 30 December 2020 10:20 am

  Oil Prices rising, supported by hopes that a US stimulus package will stimulate demand for fuel

  

  Oil prices rose on Tuesday, supported by hopes that the United States will increase payments in an aid package linked to the pandemic, a move that could stimulate demand for fuel and stimulate economic growth. Brent crude futures, the world benchmark, ended the trading session up 23 cents, or 0.5 …

  Read More »
• 30 December 2020 12:09 am

  Senate to Discuss Expanding Stimulus this Week

  

  The United States Senate is set to discuss later this week the proposal made by President Donald Trump, as well as many Democrats, to an increase the stimulus payments from $600 to $2,000 per household, according to Senate Majority Leader Mitch McConnell, Reuters reported. This comes after the Senate’s Republican …

  Read More »
• 29 December 2020 11:58 pm

  US Fed Extends Main St. Lending Program

  

  The United States Federal Reserve announced on Tuesday that it had extended the end date for the Main Street Lending Program by eight days, Reuters reported. The move comes to help process an increased number of last-minute applications. It is worth noting that the United States Secretary of Treasury, Steven …

  Read More »