Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2020

• 21 July 2020 5:33 pm

  Canada: Retail Sales Rise by 18.7% in May vs. 20% Expected

  

  Monthly data released by Statistics Canada on Tuesday revealed that Canada’s retail sales rose 18.7% in May to $ 41.8 billion.This reading came after a 19.1% increase in May’s advanced estimates, and slightly worse than the 20% market forecast.

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• 21 July 2020 4:47 pm

  GBP/USD Keep Gains Near Weeks High

  

  The GBP/USD rose for the third straight session on Tuesday as the USD continued to sell on the optimism about Covid-19 vaccine and the European Recovery Fund agreement, which weakens the US dollar as a safe haven. GBP/USD jumped to more than 1.2700 levels, six-week highs, but then retreated somewhat. …

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• 21 July 2020 3:58 pm

  China’s Xi: China’s Economic Recovery Leads The World

  

  “China’s economic recovery leads the world, we will strive to make up economic losses caused by coronavirus epidemic,” Chinese President Xi Jinping told the state television on Tuesday, as reported by Reuters. “We will strive to achieve good results for economic growth this year,” Xi added and noted that they …

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• 21 July 2020 3:19 pm

  China Accuses UK of Violating International Law

  

  The Chinese Foreign Ministry again criticized the UK’s decision to suspend the extradition treaty in Hong Kong, in the latest escalation of tensions between China and Britain. The Chinese Foreign Ministry said that Britain’s actions violated international law and international standards. China on Tuesday reiterated its strong opposition to the …

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• 21 July 2020 2:53 pm

  Oil Rises Amid Hopes of Vaccine and Deal

  

  Oil prices rose on Tuesday, supported by positive news about the trials of the Covid-19 vaccine and the recovery fund agreement reached by European Union leaders, but gains were limited by fear of new lockdowns that may be a barrier to the recovery of demand for oil. Brent crude futures …

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• 21 July 2020 1:02 pm

  Gold at Years High

  

  Gold continued its rise for the third consecutive session on Tuesday and rose to new highs for several years around $ 1823-24 area during the last hour. Additional stimulus plans from the US and the Eurozone were one of the main factors that lifted demand for the precious metal as …

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• 21 July 2020 12:16 pm

  EU Reaches ‘Historic’ Deal on Pandemic Recovery

  

  European Union leaders reached a “historic” deal on a massive stimulus plan for the bloc’s economy, which is stagnating by the Covid-19. They reached the historic deal in the early hours of Tuesday after five days of negotiations. The agreement paves the way for the European Commission, the EU’s executive, …

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• 21 July 2020 11:23 am

  UK Borrowing Hits Record in 3 Months

  

  British government borrowing rose to a record of 127.9 billion pounds ($ 162 billion) in the first three months of the fiscal year 21/2120, more than twice the entire year previously, with strict Coved 19 closures. Borrowing in June, excluding state-owned banks, reached 35.5 billion pounds, five times higher than …

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• 21 July 2020 10:57 am

  FX option expiries for July 21 NY cut

  

  FX option expiries for July 21 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1350 1.0bn1.1500 650m – USD/JPY: USD amounts          106.00 650m106.40 595m106.45 500m106.75 431m106.85 410m107.00 402m107.30 480m107.35 644m107.55 447m

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• 21 July 2020 10:39 am

  Europe Stocks Higher On Recovery Deal

  

  European stock markets are set to open higher on Tuesday, supported headlines that the EU leaders have agreed on a massive stimulus plan to revive the economies damaged by the pandemic. DAX futures contract traded 1% higher, FTSE 100 futures contract in the rose 0.7%, while CAC 40 futures rose …

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• 21 July 2020 3:56 am

  Daily Recap: Monday, July 20, 2020

  

  Forex: EUR/USD Maintains Upward TrendFX Option Expiries for July 20 NY Cut Cryptocurruncies: Bitcoin: Fails to Live up Commodities: Oil Futures Close HigherGold Prices Settle Higher and Silver Maintains GainsSilver Surges to Highest Level in Four YearsGold Rises on Increased Covid-19 Cases Stocks: Wall Street Closes Higher and Nasdaq Breaks …

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• 21 July 2020 3:47 am

  EU Leaders Nearing Agreement on Recovery Fund

  

  Leaders of the European Union (EU) are set to reach an agreement about the COVID-19 recovery fund, which will help member countries cope with the coronavirus pandemic economic impacts. President of the EU Council, Charles Michel, was cited by Reuters earlier today as saying that he is confident of the …

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• 21 July 2020 1:35 am

  EUR/USD Maintains Upward Trend

  

  The Euro (EUR) rose against the US Dollar (USD) on Monday, supported by positive reports about COVID-19 vaccine trials and news that European leaders are nearing an agreement about a EUR 750 million recovery fund. The EUR/USD is currently trading at 1.14428, up by 0.15% for the day. Earlier today, …

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