Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2020

• 1 December 2020 5:47 pm

  Canada: Real GDP Expands by 8.9% in Q3

  

  Real Gross Domestic Product (GDP) in Canada grew by 8.9% on a quarterly basis in the third quarter after contraction by 11.3% in the second quarter, the data published by Statistics Canada showed on Tuesday. On a yearly basis, the economy expanded by 40.5% in Q3 and missed the market …

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• 1 December 2020 4:44 pm

  The Turkish Lira Drops 1% After New Measures Regarding Coronavirus

  

  The Turkish lira fell on Tuesday, December 1, by 1% against the dollar, after the government imposed new general isolation measures for the weekend and other measures to combat a record jump in infections and deaths from the Coronavirus. The currency fell to 7.91 by 08:30 GMT. The currency stabilized …

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• 1 December 2020 3:45 pm

  Consumer Prices in The Eurozone Fell More Than Expected in November

  

  A preliminary estimate from the European Union statistics office Eurostat showed that consumer prices in the euro area fell more than an expected year on year in November, weighed by a sharp drop in energy costs. Eurostat said that inflation in the 19 euro-zone countries registered -0.3% on an annual …

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• 1 December 2020 2:40 pm

  The Dollar is Giving Back Some of Its Gains as Focus Shifts to The US Fed Meeting

  

  The US dollar, under pressure on Tuesday, December 1, gave up some of the gains it had made by the end of the month, as investors expect a further monetary easing from the US Federal Reserve and rallying recovery elsewhere. The Australian and New Zealand dollars, which are highly risk-sensitive, …

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• 1 December 2020 1:48 pm

  Industrial Activity in China Accelerated at The Fastest Pace in 10 Years, to 54.9 in November

  

  A survey of businesses in China showed activity in the factory sector accelerated at the fastest pace in a decade in November, as the world’s second-largest economy recovers to pre-epidemic levels. The Caixin / Markit Manufacturing PMI rose to 54.9 from 53.6 in October, with the index staying above the …

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• 1 December 2020 1:20 pm

  Gold Recovering From a 5-Month Low as The Spread of Covid-19 Threatens Economic Recovery

  

  Gold prices rose on Tuesday, December 1, after heavy selling that pushed it to its lowest level in nearly five months in the previous session, to renewed interest in the yellow metal, which represents a safe haven in light of the high number of cases of Covid-19, which blurred the …

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• 1 December 2020 12:29 pm

  Nikkei Index Closes Near Its 29-And-a-Half Year High Thanks to Vaccine Hopes And Stimulus

  

  Japan’s Nikkei index closed Tuesday, December 1, near its 29-and-a-half-year high, tracking gains in US equity futures thanks to growing optimism that major pharmaceutical companies will introduce a coronavirus vaccine before the end of the year. The benchmark Nikkei Index rose 1.34% to close at 26,787.54 points, near its highest …

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• 1 December 2020 3:29 am

  UK and EU Exchange Warnings as Time Runs Out on Brexit Deal

  

  The United Kingdom (UK) and the European Union (EU) have reportedly exchanged warnings on Monday that time is passing by without reaching a deal for the post-Brexit stage, as the transitional period expires by the end of the year, Reuters reported. Recent negotiations that tool place in London over the …

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• 1 December 2020 2:31 am

  Oil Gains 27% in November

  

  Oil prices closed lower on Monday, awaiting the OPEC+ decision regarding output cuts. A decision is expected on Tuesday, although it was reported that the meeting could be delayed to Thursday. Brent crude futures for February delivery declined by 37 cents, or 0.8%, and settled at $47.88 per barrel. Meanwhile, …

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November, 2020

• 30 November 2020 11:36 pm

  Gold Ends Fourth Month in Decline

  

  Gold prices fell on Monday, expanding its fourth consecutive monthly decline during November. The ending month saw a decreased demand for safe havens, especially the yellow metal, prompted by positive news about Coronavirus vaccines. Gold futures for February delivery declined by $7.20, or 0.4%, and closed at $1,780.90 per ounce, …

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• 30 November 2020 11:07 pm

  Fed’s Barkin Recent Remarks

  

  The President of the Federal Reserve Bank of Richmond, Thomas Barkin, spoke to reporters earlier today, before a speech to a virtual event. ‘’It’s hard to find a huge drop in the real-time data.”“I’m thinking about credit-card spending which I get to see every week. It really hasn’t taken a …

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• 30 November 2020 11:03 pm

  European Stocks Log Historic Performance in November

  

  European stocks ended their best month on record, which began in 1986, supported by positive news about Coronavirus vaccine candidates. The aviation sector alone made gains of about 45% during the ending month. The STOXX Europe 600 index closed lower on Monday by 0.6%, but rose by more than 14% …

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• 30 November 2020 10:45 pm

  Dollar Moving to Marginal Gains Following Mixed Data

  

  The US Dollar (USD) is showing a mixed performance at the beginning of the week, following the release of housing and manufacturing data on Monday. The Dollar Index (DXY), which measures the USD performance in front of six major international currencies, is moving to the positive territory, after spending the …

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