Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2020

• 14 August 2020 8:57 pm

  U.S. Industrial Production Expands by 3% in July

  

  Industrial production in the United State rose by 3% during the month July, registering its third consecutive monthly increase, data by the U.S. Federal Reserve showed on Friday. However, production remains below its levels prior to the COVID-19 pandemic by around 8.4%

  Read More »
• 14 August 2020 8:42 pm

  U.S. Nonfarm Productivity Rises 7.2% in Q2

  

  The United States nonfarm business sector labor productivity increased by 7.3% during the second quarter (Q2) of 2020, as shown by the data released by the Bureau of Labor Statistics (BLS) of the U.S. Department of Labor on Friday. However, output decreased by 38.9% and hours worked declined by 43%. …

  Read More »
• 14 August 2020 5:53 pm

  US Retail Sales Increased Less Than Expected in July

  

  US retail sales increased less than expected in July and may slow further in the coming months due to a spike in new COVID-19 cases and a drop in unemployment benefits. The US Commerce Department said retail sales rose 1.2% last month, down from a 8.4% advance in June. Economists …

  Read More »
• 14 August 2020 5:17 pm

  Eurozone Trade surplus Rises, GDP And Employment Record a Historic Low

  

  The eurozone’s trade surplus with the rest of the world jumped in June to 21.2 billion euros (about $ 25 billion) as the bloc’s decline in commodity imports outpaced the decline in exports amid a global downturn in trade due to the Covid-19 pandemic. The European statistics office Eurostat said …

  Read More »
• 14 August 2020 4:21 pm

  European Shares Fell Due to The Decline in Tourism Shares

  

  European stocks fell as tourism stocks took a hit after Britain added more European countries to its list of quarantine areas for arrivals, while disappointing retail sales data from China raised doubts about the pace of the economy’s recovery. The pan-European STOXX 600 index fell 0.8%, but is on track …

  Read More »
• 14 August 2020 4:06 pm

  Dollar Gaining Support on Coronavirus And Chinese Data

  

  The dollar stabilized as a jump in US Treasury yields and a drop in sentiment due to weak economic data from China put an end to the global reserve currency sell-off. Retail sales in China continued to decline for the seventh month in July unexpectedly, and industrial production missed expectations, …

  Read More »
• 14 August 2020 4:01 pm

  Germany: Economy Will Grow Strongly in Q3

  

  The Economy Ministry said that Germany’s economy, which has been hit hard by the Coronavirus pandemic, will grow strongly in Q3 but that a full recovery will take a long time. The ministry added in its monthly report that Europe’s largest economy has been recovering since May thanks to easing …

  Read More »
• 14 August 2020 1:53 pm

  French Government: Paris is a High-Risk Area Again

  

  According to a decree published on Friday, the French government has declared the capital, Paris, and the Bouches-du-Rhone region around Marseille on the Mediterranean coast, “red” areas where the chances of infection with the Coronavirus are high. The decree gives local authorities the power to control the movement of people …

  Read More »
• 14 August 2020 1:12 pm

  Oil Rising, Heading Towards Weekly Increase, in Light of Hopes of a Recovery in Fuel Demand

  

  Oil prices rose, and is on track to achieve gains for the second week in light of the growing confidence that demand for fuel has started to rise despite the Coronavirus pandemic that is ravaging economies around the world. Before the Tokyo Stock Exchange closed, Brent crude rose 14 cents, …

  Read More »
• 14 August 2020 12:05 pm

  Retail Sales in China Drop Unexpectedly in July, Industrial Production Growth is stable

  

  Retail sales in China fell in July, disappointing expectations for a moderate increase, as consumers in the world’s second-largest economy failed to unleash caution about the Coronavirus, while the factory sector’s recovery struggled to increase its pace. Asian markets fell today after a disappointing set of economic indicators, which raises …

  Read More »
• 14 August 2020 10:39 am

  Russian Health Minister: COVID-19 Vaccine Trials Data to be Published in Coming Days

  

  Citing Russia’s Health Minister Mikhail Murashko, TASS news agency reports on Friday, the government will publish data/ details about the coronavirus vaccine trial in the coming days. On Wednesday, Murashko said the first batch of the vaccine against coronavirus is expected to be released within two weeks. The World Health Organization (WHO), however, …

  Read More »
• 14 August 2020 10:24 am

  FX Option Expiries For Aug 14 NY Cut

  

  FX option expiries for Aug 14 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1700 544m1.1750 1.1bn1.1800 988m1.1825 1.1bn1.1850 1.1bn1.1900 2.1bn1.1950 653m – USD/JPY: USD amounts          105.50 579m105.85 452m106.00 907m – AUD/USD: AUD amounts 0.7100 712m  – USD/CAD: USD amounts         1.3175 1.2bn1.3200 501m1.3250 1.5bn …

  Read More »
• 14 August 2020 12:50 am

  U.S. Satisfied With Progress on Trade Deal with China

  

  The Trump administration is satisfied with the progress made in applying the first phase of the trade deal between the United States and China, according to White House economic adviser Larry Kudlow. Kudlow, the Director of the National Economic Council, told Fox News on Thursday that the U.S. Trade Representative, …

  Read More »