Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2020

• 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 »
• 14 August 2020 12:47 am

  Biden Calls for Mandatory Face Masks Across US

  

  Former Vice President of the United States and the Democratic Candidate for the 2020 Presidential Elections, Joe Biden, has called for a mandate the obligates all Americans to wear face masks, as a preventive measure against the COVID-19 pandemic. This could save around 40,000 lives, according to estimates by experts, …

  Read More »
• 14 August 2020 12:35 am

  Oil Down 1% on Negative Demand Forecasts

  

  Oil prices settled lower on Thursday after a mixed performance, on the back of expectations of a slump in the global demand for crude oil this year. This comes one day after crude prices surged due to a more than expected decline in U.S. oil stockpiles. Brent crude futures for …

  Read More »
• 14 August 2020 12:10 am

  Gold Settles Higher For Second Day

  

  Gold prices rose on Thursday, after a brief correction movement on Tuesday, surging by as much as 2.5% after data showed that jobless claims in the United States fell below one million for the first time since March. However, the yellow metal is yet to restore the $2,000 an ounce …

  Read More »
• 13 August 2020 9:51 pm

  Ethereum Average Transaction Fees at Record High

  

  The average fee for Ethereum transaction increased to a new record high of $7.50, Coin Telegraph reported. The rise in fees is attributed to increased interaction with stablecoins on the Ethereum network. Ethereum rose by around 2.47% during the past 24 hours, as it is now trading at $394.68.

  Read More »
• 13 August 2020 9:27 pm

  Kudlow Expects Single Digit Unemployment Rate

  

  White House economic adviser and the Director of the National Economic Council, Larry Kudlow, expects unemployment rate in the United States to fall below 10% in August. Besides the single-digit unemployment rate, Kudlow says the U.S. economy growing in the third quarter (Q3) by 20%, Reuters reported. “The key point …

  Read More »