Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2020

• 4 September 2020 5:52 pm

  Russia: Demand for Oil May Decrease by 10 M Barrels Per Day in 2020

  

  Russian Energy Minister Alexander Novak said that the global demand for oil may decrease by between nine and ten million barrels per day due to the negative impact of the Coronavirus. Novak also said in an online conference that oil prices may rise to around $ 65 a barrel next …

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• 4 September 2020 5:00 pm

  Canada Unemployment Rate Edges lower to 10.2%

  

  Net Change in Employment in Canada rose by 245,800, compared to analysts’ estimate of 275,000, in August and brought the Unemployment Rate down from 10.2% in August from 10.9% in July, Statistics Canada reported on Friday. “The number of Canadians who were employed but worked less than half their usual …

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• 4 September 2020 4:44 pm

  US NFP Surges by 1.37 M in August

  

  The US Non-Farm Payrolls report (NFP) released by the United States Bureau of Labor Statistics on Thursday increased by 1,371,000 in August. This reading fell short of the market expectation of 1.4 million and followed July’s print of 1,734,000 (revised from 1,763,000). Other details of the release indicated that the …

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• 4 September 2020 3:15 pm

  Weak Increase in German Industrial Orders Dashed Hopes For a Strong Recovery

  

  Data showed that German industrial goods orders increased less than expected at 2.8% on a monthly basis in July, further hampering hopes that Europe’s largest economy could recover strongly in the third quarter from the coronavirus crisis. The increase comes compared with a Reuters forecast of a 5% rise and …

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• 4 September 2020 2:32 pm

  US Dollar heading Towards biggest Weekly Rise in 4 Months

  

  The US dollar extended its gains, and heading towards its largest weekly gain in nearly four months as an overnight drop in US tech stocks, which rose significantly, fueled a bout of risk aversion in global markets. Nasdaq index decline, as it fell nearly 5% during the session after closing …

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• 4 September 2020 1:50 pm

  Japan Shares Closing Lower But Nikkei is up 1.4%

  

  Japanese stocks closed lower, after a wave of selling in technology shares that rose a lot on Wall Street pushed the market to its biggest drop in nearly three months. However, Tokyo markets closed the week higher. The benchmark Nikkei index closed 1.1% down at 23,205.43 points, shy of its …

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• 4 September 2020 1:16 pm

  European Shares Opened Lower on Weak Technology Sector

  

  European stocks opened lower, as turmoil continued, fueled by technology stocks from the previous session, while banking stocks were supported by merger talks between two major banks in Spain. The pan-European STOXX 600 index fell 0.9% in early trade after having seen its worst session in more than a month …

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• 4 September 2020 12:35 pm

  Gold Rises as Stocks Decline

  

  Gold prices rose, as US Treasury bond yields and global stocks declined, which boosted demand for the precious metal, which is considered a safe haven ahead of job data in the non-agricultural sectors in the United States, but the strong dollar puts gold on a weekly decline path. In spot …

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• 4 September 2020 11:48 am

  Nikkei Down 1.43% in Early Trading in Tokyo

  

  The Nikkei benchmark fell in early trading on the Tokyo Stock Exchange on Friday, September 4th. Nikkei fell 1.43% to 23130.32 points, while the broader TOPIX index fell 1.22% to 1611.33 points.

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• 4 September 2020 10:58 am

  Dow Jones Down About 1,000 Points

  

  Wall Street’s main indexes closed sharply lower Thursday, September 3, marking the worst daily drop since June, as investors sold technology stocks that were making big gains, while economic data highlighted concerns about the length and difficulty of the recovery. The Dow Jones Industrial Average fell 807.77 points, or 2.78%, …

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• 4 September 2020 10:17 am

  FX Option Expiries For Sept 4 NY Cut

  

  FX option expiries for Sept 4 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1700 870m1.1780 615m1.1790 1.8bn1.1800 811m1.1850 651m1.1875 968m1.1900 2.4bn1.1905 554m1.1950 958m  – GBP/USD: GBP amounts         1.3100 261m1.3350 270m – USD/JPY: USD amounts          105.00 692m105.55 482m105.75 365m106.00 1.8bn106.50 613m106.60 570m106.65 870m106.75 455m106.95 …

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• 4 September 2020 1:08 am

  NYSE Closes Thursday on Huge Losses

  

  The New York Stock Exchange (NYSE) closed lower on Thursday, with technology stocks leading the decline. The Dow Jones Industrial Average dropped by 807.77 points, or 2.8%, to finish at 28,292.73. The S&P 500 index also plunged by 3.5% and closed at 3,455.06. Bearing the highest losses, the Nasdaq Composite …

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• 4 September 2020 12:57 am

  Oil Prices Close at Lowest Level in a Month

  

  Oil prices declined on Thursday, due to negative outlook for demand recovery from the effects of the COVID-19 pandemic. Brent futures for November delivery closed lower by 36 cents, or 0.8%, at $44.07 per barrel. This is the lowest closing level for the global benchmark crude oil futures since July …

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