Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2020

• 28 November 2020 12:56 am

  Oil Ends Mixed in Anticipation for OPEC Summit

  

  Oil prices ended Friday on a mixed note, awaiting the upcoming OPEC summit. Brent crude futures for January delivery rose by 38 cents, or 0.8%, to close at $48.18 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for January delivery closed lower by 18 cents, or 0.8%, at …

  Read More »
• 28 November 2020 12:47 am

  Gold Records Biggest Weekly Decline in Two Months

  

  Gold prices plunged on Friday, ending the week with the biggest losses in about two months. Gold futures for February delivery declined by $23.10, or 1.3%, to settle at $1,788.10 per ounce. Meanwhile, gold futures for December delivery finished lower by $23.60, or 1.3%, to close at $1,781.90 per ounce. …

  Read More »
• 27 November 2020 9:50 pm

  European Stocks End Week in Gains

  

  European stocks closed higher on Friday, wrapping up a week of gains on the back of positive news about Coronavirus vaccines. The STOXX Europe 600 index gained 0.41%, to close at 393.23 points, registering weekly gains of around 0.5%. In France, the French CAC40 index added 0.56%. Meanwhile, the UK’s …

  Read More »
• 27 November 2020 6:36 pm

  USD Nears Another Weekly Loss

  

  The US Dollar (USD) is set to record weekly losses after continuing to decline on Friday, amid improved risk appetite among investors. The Dollar Index (DXY), which measures the USD performance against a basket of six major international currencies, is down by 0.10% at 91.90. The index has been moving …

  Read More »
• 27 November 2020 6:28 pm

  Germany to Raise COVID-19 Stimulus Spending

  

  The German government plans to increase Coronavirus aid for companies to about EUR 4.5 billion per week next month, according to an official statement picked up by Reuters. “Cohesion and solidarity are hence the imperative of the hour,” said the Economy Minister Peter Altmaier. “We will not leave our companies …

  Read More »
• 27 November 2020 6:22 pm

  Brazilian Economy Creates Record Number of Jobs

  

  The Brazilian economy has created a record number of jobs during October, according to recent dat. A net 394,989 formal jobs were created last month, according to recently released figures by the Brazilian economy ministry. This is the fourth consecutive month in which the largest economy in South America has …

  Read More »
• 27 November 2020 6:18 pm

  Gold Declines amid Strong Correction

  

  After a slight rebound on Thursday, Thanksgiving holiday in the United States, it seems that the yellow metal’s correction wave is far from over. Gold futures are seeing negative performance with large losses on Black Friday, on the road to record its biggest weekly decline in about two months. Positive …

  Read More »
• 27 November 2020 6:05 pm

  Chinese Industrial Profits Increasing at Fastest Pace Since Early 2017

  

  Profits for Chinese industrial companies rose in October for the sixth consecutive month and reached the fastest pace since early 2017, indicating a strong recovery in the manufacturing sector after being hit hard by the Covid-19 pandemic. According to data from the National Bureau of Statistics on Friday, profits of …

  Read More »
• 27 November 2020 5:57 pm

  Gold Plummets to Fresh Multi-Month Lows

  

  The precious metal came under sudden selling pressure against the US dollar, falling to its lowest level since July at 1782.28. There is not much fundamental catalyst behind this move but the technical selling could arise below the psychological level of $1800.

  Read More »
• 27 November 2020 5:38 pm

  Economic Sentiment in Turkey Fell 3.5% in November

  

  Data from the Turkish Statistical Institute showed today, Friday, that Turkey’s economic sentiment index fell 3.5% on a monthly basis in November to 89.5 points, as an increase in the frequency of new cases of coronavirus pushed Ankara to impose partial restrictions. The index had risen for six consecutive months …

  Read More »
• 27 November 2020 4:55 pm

  Dollar Declining And Heading For Weekly losses. AUD and NZD Climbing

  

  The dollar fell in early trading in London on Friday and is heading to suffer a weekly loss against a basket of currencies, even though the stock market lost momentum as sentiment hurt from doubts about the AstraZeneca vaccine for Covid-19. The dollar has lost more than 2.2% since the …

  Read More »
• 27 November 2020 3:43 pm

  European Stocks Heading For a Fourth Weekly Gain, But Vaccine Concerns Are High

  

  European stocks rallied on Friday, as investors were cautious before the torrent of economic data expected to be released later today, while sentiment was also affected by doubts about the effectiveness of the AstraZeneca vaccine for Covid-19. The pan-European STOXX 600 index fell 0.1%, as the travel and energy sectors …

  Read More »
• 27 November 2020 3:00 pm

  Germany Planning New Debt of Around 180 Billion Euros in 2021

  

  Germany intends to borrow 179.82 billion euros (214.36 billion dollars) next year, nearly double the 96 billion euros expected before that, lawmakers told Reuters on Friday, as Berlin is expanding aid measures to mitigate the impact of the Covid-19 pandemic on Europe’s largest economy. The German parliament’s budget committee of …

  Read More »