Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2020

• 10 November 2020 9:42 pm

  European Stocks Maintain Rising Streak

  

  European stocks maintained their upward trend on Tuesday, supported by positive news about a vaccine against the Coronavirus disease (COVID-19). The pan-European STOXX 600 index rose by 0.99%, while the UK’s FTSE100 ended higher by 1.79%. In France, the CAC40 index gained 1.55%, while the German index DAX finished up …

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• 10 November 2020 8:33 pm

  Fed’s Rosengren: US Economy Vulnerable Due to Corporate Debt

  

  The United States economy is more vulnerable due to rising debt levels by some companies prior to the Coronavirus crisis, according to the President of the Federal Reserve Bank of Boston, Eric Rosengren, said on Tuesday, Reuters reported. “Those segments of the labor market most affected by amplified business cycles, …

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• 10 November 2020 8:22 pm

  US Job Openings Rise Slightly in September

  

  Job openings in the United States showed a modest increase in September, as the market recovers from the impact of the COVID-19 crisis, data showed on Tuesday. The job openings rose by 84,000 to 6.4 million by the end of September, according to the U.S. Department of Labor’s monthly Job …

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• 10 November 2020 8:15 pm

  USD/CAD Stabilizes Awaiting Moving Factors

  

  The Canadian Dollar (CAD) declined against the US Dollar (USD) on Tuesday, after rising on Monday to its highest level in about two years, before recovering some of its earlier losses. The USD/CAD pair is trading lower for by 0.02% at 1.3004. The pair has been moving in a range …

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• 10 November 2020 7:28 pm

  GBP Rises on Renewed Hopes for Brexit Deal

  

  The British Pound (GBP) is rising on Tuesday, supported by optimism about the United Kingdom (UK) and the European Union (EU) reaching a trade agreement for the post-Brexit stage. Significant progress has been achieved in trade talks, according to recent remarks by the British Minister of Finance, Rishi Sunak. The …

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• 10 November 2020 6:49 pm

  European Parliament, EU Governments Reach Deal on 2021-2027 Budget

  

  European Parliament and the European Union governments have reached a deal on the EU’s 2021-2027 budget, as reported by Reuters. Commenting on this development, “a deal for Europe – Council and European Parliament negotiators reach a political agreement on the EU budget & recovery package,” the spokesman for the German …

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• 10 November 2020 5:53 pm

  Fed’s Kaplan: Negative Interest Rates Are Off The Table

  

  “If there’s more for the Fed to do, it would be with treasury to help companies,” Dallas Federal Reserve President Robert Kaplan said on Tuesday, as reported by Reuters. “Potential GDP growth after 2023 will return to being sluggish.”“Financial conditions are relatively loose.”“Once we have weathered the pandemic, will have …

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• 10 November 2020 5:27 pm

  Turkish Lira Gained Around 5% on Monday Following CBRT News

  

  The Turkish lira recorded a new low on Monday against the US dollar, with the USD/TRY to the 8.40 area on Tuesday, but some initial resistance has begun to appear. The lira recorded the biggest one-day advance against the dollar since 2018 after traders considered the news about the dismissal …

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• 10 November 2020 4:41 pm

  Small-Business Owners Grow More Anxious After Covid-19 Surge

  

  There was no change to NFIB US Business Optimism Index, which stood at 104 in October of 2020, the same figure as the previous month. While it came higher than market expectations, which settled at 102.2. The last two readings are the highest since January and are among the highest …

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• 10 November 2020 3:45 pm

  Vitol CEO Expects Oil Prices to Rise Towards $50 a Barrel

  

  Vitol CEO Russell Hardy said oil prices will be heading towards a range of $ 45- $ 49 a barrel or even $ 50 in the next few months, with inventory drawdown modest during the winter and this accelerating through mid-2021. The benchmark Brent crude was trading at around $ …

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• 10 November 2020 3:10 pm

  Oil Falls on Worries About Weak Demand And COVID-19 Vaccine

  

  Oil prices fell on Tuesday, November 10 as concerns about short-term fuel demand in Europe and the United States, affected by the Coronavirus, chased the market after an overnight rally led by encouraging news about a vaccine for Covid-19. US West Texas Intermediate crude futures fell 55 cents, or about …

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• 10 November 2020 2:24 pm

  German ZEW Economic Sentiment Drops Further to 39.0 in Nov

  

  The German ZEW headline numbers for November showed that the Economic Sentiment Index came in at 39.0 versus 41.7 expectations and 56.1 last. While the sub-index Current Conditions figure arrived at -64.3 in Nov versus -65.0 expected and -59.5 previously. Meanwhile, the Eurozone ZEW Economic Sentiment for Nov slumped to …

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• 10 November 2020 1:58 pm

  Yen Compensating Some of Its Losses

  

  The yen recouped some of its losses against the dollar today, Tuesday, after it recovered due to news about developments in a Coronavirus vaccine that sparked optimism for the global economic recovery. The American company Pfizer for pharmaceutical industries and its German partner BioNTech announced that large-scale clinical trials have …

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