Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2020

• 22 December 2020 5:53 pm

  US: Real GDP Expands by 33.4% in Q3

  

  The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 33.4% in the third quarter, the US Bureau of Economic Analysis’ third estimate showed on Tuesday. This reading beat the previous estimate and the market expectation of 33.1%.

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• 22 December 2020 5:51 pm

  US: Philly Fed Non-manufacturing Firm-Level Business Activity Index Improves in December

  

  The Firm-level Business Activity Index of the Federal Reserve Bank of Philadelphia’s Nonmanufacturing Business Outlook Survey improved slightly to 5.6 in December from 5.3 in November. On a negative note, the Regional Business Activity Index slumped to -26.8 from -15.9.

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• 22 December 2020 5:30 pm

  China Says it Will Take Action in Response to The US Visa Ban

  

  The Chinese Foreign Ministry said on Tuesday that Beijing will impose measures on those responsible for harming the Chinese side, in response to the ban imposed by the United States on granting Chinese officials additional entry visas. Chinese Foreign Ministry spokesman Wang Wenbin said in a press briefing that the …

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• 22 December 2020 4:24 pm

  The European Union Receives 12.5 Million Doses of Pfizer/BioNTech Vaccine by The End of The Year

  

  German company BioNTech said it and US company Pfizer will supply 12.5 million doses of their Covid-19 vaccine to the European Union by the end of the year. That’s more than half of the 20 million doses expected to be delivered to the United States by the end of the …

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• 22 December 2020 4:11 pm

  Germany Bans Entry to Those From Britain And South Africa Until January 6

  

  Reuters revealed that Germany imposed a travel ban on travellers from Britain, Northern Ireland and South Africa until January 6. According to Reuters, it is prohibited for railways, buses, freight and air companies to transport passengers from these destinations to Germany. added that German citizens and residents of the country …

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• 22 December 2020 3:04 pm

  Currencies Overview: EUR and GBP Facing Pressure, US Dollar Continues to Rise

  

  The euro and the pound faced pressure against the dollar today, Tuesday, with the outbreak of a new strain of the Coronavirus in Britain, which led to the closure of important trade routes and caused a crisis in supply chains with the close of the deadline for concluding a trade …

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• 22 December 2020 3:00 pm

  Gold Dropping as US Dollar’s Strength Overwhelmed the Stimulus Package

  

  Gold prices plunged today, Tuesday, as the strength of the dollar overshadowed the support resulting from the US Congress’s approval of a long-awaited aid package of nearly $ 900 billion linked to the Coronavirus, while sentiment was also affected by some profit-making sales. And gold fell in the spot market …

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• 22 December 2020 1:40 pm

  Record Growth For Britain’s Economy at 16% in Q3

  

  Official data showed that the economic recovery in Britain from the collapse caused by the Corona virus in the period from July to September was somewhat faster than previously thought, and it also reported that government borrowing had jumped for spending related to the Corona virus crisis. GDP grew at …

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• 22 December 2020 12:56 pm

  Congress Approves Long-Awaited $900 Billion Covid Rescue Package

  

  The US Congress has passed the long-awaited “stimulus package” Covid relief bill and the government’s funding plan Here are key provisions that will be included as part of the agreement, according to summaries of the legislation released by Democratic and GOP leadership: Direct payment checks of up to $600 per …

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• 22 December 2020 12:19 pm

  Nikkei Drops to 3-Week Low as The New Virus Strain Affects Recovery Hopes

  

  Japanese stocks tumbled to a three-week low today, Tuesday, as investors reaped profits after record gains over the past two months, amid fears that a new strain of the rapidly spreading Coronavirus discovered in Britain would undermine the speed of the global economic recovery. The Nikkei fell 1.04%, the biggest …

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• 22 December 2020 11:49 am

  Oil Falls On New Strain of Coronavirus

  

  Oil prices incurred more losses today, Tuesday, which add to the sharp losses from the previous session, as a new strain of the emerging corona virus in Britain raises concerns about a recovery in fuel demand. The fast-spreading new strain of the Corona virus caused the closure of most areas …

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• 22 December 2020 3:26 am

  London Not Looking to Extend Brexit Transitional Period

  

  The United Kingdom (UK) has no intention to extend the Brexit transitional period, which ends on December 31 in order to allow more time for negotiations with the European Union (EU), as expressed by a spokesperson for the British Prime Minister Boris Johnson. The First Minister of Scotland, Nicola Sturgeon, …

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• 22 December 2020 2:49 am

  Europe Grants Authorization for Pfizer-BioNTech Vaccine

  

  The European Medicines Agency has recommended authorizing the Coronavirus vaccine for people aged 16 and older, CNBC reported. The authorized vaccine is the one developed by Pfizer and BioNTech, with vaccinations in Europe expected to start within a week. This comes less than two weeks after the vaccine was rolled …

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