Open Demo Account

Market Analysis

November, 2020

  • 25 November 2020 3:19 pm

    China’s Imports of Crude Oil Decreased by 4% From Russia And by 30% From Saudi Arabia

    Russia and Saudi Arabia continued to lead suppliers of crude oil to China in October, but the quantities received from the two countries decreased compared to September levels as Chinese refineries curbed purchases of crude. According to data from the General Administration of Customs of China today, Wednesday, imports from …

    Read More »
  • 25 November 2020 2:20 pm

    Dollar Declining as Investors Seek High-Risk Assets

    The dollar suffered losses on Wednesday, November 25, due to progress in developing a vaccine for the Coronavirus and expectations of financial support from the new US government that led to the transfer of funds from the dollar to high-risk assets. The US currency recorded its lowest level in two …

    Read More »
  • 25 November 2020 1:38 pm

    Gold Declining as WH Begins Transition Process

    Gold fell on Wednesday, November 25, with the start of the official transition process for Joe Biden to the White House and optimism about vaccines for the Coronavirus, which reduces the appeal of gold as a safe haven. Gold spot fell 0.1% to 1805 dollars an ounce by 06:48 GMT. …

    Read More »
  • 25 November 2020 1:10 pm

    European Stocks Rise in Support of Easing And Vaccine Hopes

    European stocks held near their nine-month highs on Wednesday, November 25, as sentiment remained high, supported by an easing of restrictions linked to the Coronavirus in the region and growing hopes that a vaccine would soon be ready. The European Stoxx600 index rose 0.3%, as banking services stocks rose 1.6% …

    Read More »
  • 25 November 2020 12:35 pm

    Oil Rising on Increasing Optimism About Vaccine

    Oil rose for the fourth session in a row on Wednesday, November 25, as the market ignored a report by the sector that showed that US crude stocks rose more than expected, continuing this rise supported by hopes that a vaccine for Covid-19 would support oil demand. By 0616 GMT, …

    Read More »
  • 25 November 2020 4:05 am

    How is in the Next Biden Administration?

    President-elect of the United States, Joe Biden, has vowed to choose a diverse cabinet that represents all Americans. After a lot of anticipation and expectations, we are finally getting to know some of the names that he will nominate to his cabinet. Janet Yellen The first chairwoman of the US …

    Read More »
  • 25 November 2020 3:45 am

    US Treasury Yields Rise on Improved Outlook

    Treasury yields in the United States rose on Tuesday, due to increased risk appetite and an expected smooth transition in the White House. Return on the 10-year Treasury notes went up by 2.4 basis points to 0.881%. The 30-year bonds yield rose by 4.1 basis points to 1.603%. Meanwhile, the …

    Read More »
  • 25 November 2020 2:28 am

    Oil Finishes at Highest Level in About Nine Months

    Oil prices continued to rally on Tuesday, achieving big gains to finish near its highest level since early March. Brent crude futures for January delivery surged by $1.80, or 3.9%, to close at $47.86 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for January delivery soared by $1.85, …

    Read More »
  • 24 November 2020 11:00 pm

    Gold Prices Fall for Second Day in Row

    Gold prices continued to make big losses on Tuesday, for the second consecutive session, amid improved risk appetite and aversion from safe havens, on the back of positive news about Coronavirus vaccines. In addition, an expected smooth transition in the US administration from the incumbent president to the president-elect helped …

    Read More »
  • 24 November 2020 10:42 pm

    USD Declines amid Increased Risk Appetite

    The US Dollar (USD) is declining across the board on Tuesday, on the back of higher risk appetite that comes supported by recent positive news about Coronavirus vaccines. The Dollar index (DXY), which measures the USD performance in front of a basket of six major international currencies, is down by …

    Read More »
  • 24 November 2020 10:39 pm

    European Stocks Close Higher

    European stocks closed Tuesday higher, supported by an improved risk appetite and positive news about Coronavirus vaccine candidates. The STOXX Europe 600 index rose by 0.83%, to finish at 392.05 points. The UK’s FTSE100 increased by 1.55%, while the German index DAX gained 1.26%. Meanwhile, the French index CAC40 settled …

    Read More »
  • 24 November 2020 9:30 pm

    Dow Hits New All-Time High

    The Dow Jones Industrial Average index surged on Tuesday, supported by gains by major stocks listed on the New York Stock Exchange (NYSE), or Wall Street, as well as the beginning of the transition from the Trump administration to that of President-elect Joe Biden. The index broke the 30,000-point mark …

    Read More »
  • 24 November 2020 8:08 pm

    US Consumer Confidence Declines in November

    The Conference Board’s index of consumer confidence in the United States declined to 96.1 in November, down from a revised reading of 101.4 in October, data showed on Tuesday. This comes as the rising number of new Coronavirus cases across the states pushed down consumer confidence. “Heading into 2021, consumers …

    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