Open Demo Account

Market Analysis

December, 2020

  • 23 December 2020 6:39 pm

    US: Durable Goods Orders Rise by 0.9% in November

    Durable Goods Orders in the United States expanded by 0.9%, or $2.2 billion, on a monthly basis to $244.2 billion in November, the US Census Bureau reported on Wednesday. This reading came in higher than analysts’ estimate for an increase of 0.6%.

    Read More »
  • 23 December 2020 6:19 pm

    Gold Rises as The Dollar Falls After Trump Threatens Not to Sign The Stimulus

    Gold prices rose slightly on Wednesday, December 23, after US President Donald Trump threatened not to sign the pandemic relief bill, sparking a drop in the dollar. The spot price of gold was up 0.1% to $ 1860.81 an ounce, while US gold futures fell 0.3% to $ 1864.60 an …

    Read More »
  • 23 December 2020 5:29 pm

    Chinese Gasoline Exports Fell in November And Imports of Liquefied Gas Rose to a Record High

    In November, data showed that China’s gasoline exports fell from record highs, while liquefied natural gas imports hit a new peak in light of increased demand at the start of the heating season. China’s General Administration of Customs said gasoline exports in November fell to 1.26 million tons from 1.84 …

    Read More »
  • 23 December 2020 4:47 pm

    Currencies Overview: EUR and AUD Rallied as Trump’s Threat to Halt Stimulus is Ignored

    The euro resumed its rise towards the level of $1.22 and the dollar fell on Wednesday, December 23, as currency dealers did not stop much at US President Donald Trump’s threat not to approve a $ 892 billion aid package linked to Covid-19. Trump said the long-awaited stimulus package should …

    Read More »
  • 23 December 2020 4:19 pm

    Pfizer/BioNTech to Supply US With 100 Million Additional Doses of COVID-19 Vaccine

    Pfizer and BioNTech announced on Wednesday that they will be supplying the US with 100 million additional doses of the COVID-19 vaccine, as reported by Reuters. All 200 million doses purchased by the US is expected to be delivered by July 31, 2021, the statement revealed.

    Read More »
  • 23 December 2020 3:23 pm

    China Reduces Import Duties For 883 Items on Jan.1

    China’s Finance Ministry said the country will reduce import duties on 883 goods from January 1, including some aviation equipment, paper products and wood. The ministry said in a statement on its website that it would also reduce import duties for some information technology products, starting from July 1. The …

    Read More »
  • 23 December 2020 3:20 pm

    Oil Retreating Due to a Sudden increase in US Inventories and Trump’s threat to stimulate

    Oil prices fell by more than 1% Wednesday, December 23, after a sector report showed an unexpected increase in US crude oil inventories, while US President Donald Trump shocked the markets after he threatened not to sign a long-awaited aid package linked to Covid-19. Brent crude futures fell 71 cents, …

    Read More »
  • 23 December 2020 2:13 pm

    Trump Urges Congress to Amend ‘Wasteful’ Coronavirus Aid Bill

    US President Trump has urged Congress to amend a $900bn coronavirus relief package to more than triple its stimulus payments to Americans. In a video message posted on Twitter, he said the package “really is a disgrace”, full of “wasteful” items. “It’s called the Covid relief bill, but it has almost …

    Read More »
  • 23 December 2020 2:00 pm

    European Stocks Rise on Hopes of a Trade Deal Linked to Brexit

    European stocks rallied on Wednesday, December 23, as investors encouraged a report indicating the possibility of signing a trade deal later in the day for the post-Brexit phase, amid concerns about the long-awaited passage of a coronavirus-related aid package in the United States. The European Stoxx600 index rose 0.4% after …

    Read More »
  • 23 December 2020 1:15 pm

    Gold Rising Despite Trump’s Threat on Stimulus And With US Dollar Weakening

    Gold prices rose on Wednesday, December 23, supported by the dollar’s decline and continued optimism about the stimulus package in the United States even after President Donald Trump threatened not to sign the aid package linked to the pandemic. Spot gold rose 0.3% to $1864.29 an ounce by 07:05 GMT, …

    Read More »
  • 23 December 2020 12:37 pm

    API: A Sudden Rise in US Crude Stocks Last Week

    Data from the American Petroleum Institute on Tuesday showed that US inventories of crude oil rose in the latest week. Crude stocks rose 2.7 million barrels over the week ending December 18 to about 497.7 million, while analysts’ expectations in a Reuters poll indicated a decline of 3.2 million barrels. …

    Read More »
  • 23 December 2020 3:38 am

    UK and Canada Reach Free Trade Arrangement

    The United Kingdom (UK) and Canada have agreed transitional measures to maintain the flow of goods between the two countries starting from January 1, 2021, the British Department of International Trade announced on Tuesday. The new agreement will allow the continuity of free trade, without tariffs, between the two countries …

    Read More »
  • 23 December 2020 1:02 am

    Oil Finished Lower for Second Day in Row

    Oil prices declined for the second day in a row, amid concerns about a new variant of the novel Coronavirus and the rise of the US Dollar (USD). Brent crude futures for February delivery lost 83 cents, or 1.6%, to close at $50.08 per barrel. Meanwhile, the West Texas Intermediate …

    Read More »
This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends