Open Demo Account

Market Analysis

October, 2020

  • 28 October 2020 12:31 pm

    Nikkei Falls On Coronavirus Fears And US Elections

    Japanese stocks fell on Wednesday for a third consecutive session, weighed by concerns related to an increase in coronavirus cases in Europe and the United States, which could further damage the already ailing global economy. Analysts also said that apathy dominated trading, as the US presidential elections kept many investors …

    Read More »
  • 28 October 2020 12:26 pm

    Oil Prices Fell More 3% Due to Increased Fears of Oversupply

    Oil prices retreated on Wednesday, losing most of the gains they made the previous day, as increased US crude stocks and a rise in coronavirus cases in Europe and the United States boosted concerns about oversupply and weak demand for fuel. By 0725 GMT, Brent crude was down $ 40.20 …

    Read More »
  • 28 October 2020 11:31 am

    API: Crude And Gasoline Stocks Rose Last Week

    oil

    Data from the American Petroleum Institute (API) on Tuesday showed that US inventories of crude oil and gasoline increased last week. Crude inventories rose by 4.6 million barrels over the week ending October 23 to about 495.2 million barrels, while analysts’ expectations were for a decline of 1.2 million barrels. …

    Read More »
  • 28 October 2020 2:14 am

    Turkish Lira Hits a New Record Low

    The Turkish Lira (TRY) declined on Tuesday to another record low, with expectations the USD/TRY pair could now reach an unprecedented 8.5 or 9 levels. The Turkish currency’s losses since the beginning of the year against the US Dollar (USD) have now reached 20%. The USD/TRY is higher for the …

    Read More »
  • 28 October 2020 2:08 am

    NYSE Declines as COVID-19 Cases Rise

    The New York Stock Exchange (NYSE) closed on Tuesday mostly lower, amid concerns about another wave of the Coronavirus pandemic, while tech stocks registered a good performance. The Dow Jones Industrial Average declined by 222.2 points, or 0.8%, and closed at 27,463.2 points. The S&P 500 index fell by 10.29, …

    Read More »
  • 28 October 2020 1:01 am

    US Treasury Yields Decline amid COVID-19 Worries

    Treasury yields in the United States declined on Tuesday, amid rising concerns about another wave of the Coronavirus (COVID-19) pandemic, as well as the upcoming elections and the anticipated stimulus package. Return on the 10-year Treasury note declined by 2.3 basis points to 0.778%. The 30-year bond yield decreased by …

    Read More »
  • 27 October 2020 11:37 pm

    Oil Prices Rise on Storm Zeta News

    Oil prices rose on Tuesday as weather conditions are expected to once again affect production in the Gulf of Mexico, On the other hand, a gloomy outlook for global demand amid another surge in COVID-19 cases limited crude gains. Brent crude futures for December delivery increased by 74 cents, or …

    Read More »
  • 27 October 2020 11:03 pm

    Gold Settles at Week-High

    Gold prices closed higher on Tuesday, as the US Dollar (USD) declined across the board amid selling pressures, while demand for safe havens remained high amid worries about another wave of the COVID-19 pandemic. Gold futures for December delivery rose by $6.20, or 0.3%, and finished at $1,911.90 per ounce. …

    Read More »
  • 27 October 2020 10:58 pm

    ECB to Lower Inflation Expectations – Goldman Sachs

    Goldman Sachs expects the board of the European Central Bank (ECB) to lower their inflation projections for 2020-2021. This comes in light of the large downside surprise in August inflation and the appreciation of the Euro (EUR). As for inflation expectations for 2022, they are forecasted to remain unchanged. Moreover, …

    Read More »
  • 27 October 2020 9:25 pm

    European Bond Yields Decline on COVID-19 Concerns

    Bond yields in the Eurozone declined on Tuesday, as German yields fell to its lowest level in a week, amid increased demand for safe havens due to the rising number of COVID-19 cases. This comes ahead of the upcoming meeting by the European Central Bank (ECB). In Germany, the return …

    Read More »
  • 27 October 2020 9:05 pm

    USD Declines on Selling Pressures

    The US Dollar declined on Tuesday amid selling pressures for profit making and concerns about the rising number of COVID-19 cases. The Dollar Index (DXY), which measures the performance of the USD against a basket of six international currencies, is down by 0.22% at 92.84. The index has been moving …

    Read More »
  • 27 October 2020 9:01 pm

    Pfizer Not Ready to Announce Vaccine Results

    The CEO of Pfizer said on Tuesday that the pharmaceuticals company is yet to confirm progress on the making of a COVID-19 vaccine. The confirmation could take a week or more, Reuters reported. “In case of a conclusive readout, positive or negative, we will inform the public as soon as …

    Read More »
  • 27 October 2020 8:38 pm

    European Stocks Maintain Downward Trend

    European stock markets closed lower on Tuesday, due to the surge in the number of COVID-19 cases amid a second wave of the pandemic. The STOXX Europe 600 index fell by 0.75%, while the UK’s FTSE100 finished lower by 0.85%. Germany’s DAX plummeted by 0.78%, while the French CAC40 index …

    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