Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2020

• 30 December 2020 11:12 am

  Gold rallied as US Dollar Fell Despite Postponing a Vote on an American Stimulus Package

  

  Gold prices rose on Wednesday, December 30, as the dollar fell, while investors ignored the Republican majority leader’s decision to postpone a vote in the US Senate on larger payments to mitigate the repercussions of the Coronavirus pandemic. Spot gold rose 0.2% to 1,881.62 dollars an ounce. And gold in …

  Read More »
• 30 December 2020 10:20 am

  Oil Prices rising, supported by hopes that a US stimulus package will stimulate demand for fuel

  

  Oil prices rose on Tuesday, supported by hopes that the United States will increase payments in an aid package linked to the pandemic, a move that could stimulate demand for fuel and stimulate economic growth. Brent crude futures, the world benchmark, ended the trading session up 23 cents, or 0.5 …

  Read More »
• 30 December 2020 12:09 am

  Senate to Discuss Expanding Stimulus this Week

  

  The United States Senate is set to discuss later this week the proposal made by President Donald Trump, as well as many Democrats, to an increase the stimulus payments from $600 to $2,000 per household, according to Senate Majority Leader Mitch McConnell, Reuters reported. This comes after the Senate’s Republican …

  Read More »
• 29 December 2020 11:58 pm

  US Fed Extends Main St. Lending Program

  

  The United States Federal Reserve announced on Tuesday that it had extended the end date for the Main Street Lending Program by eight days, Reuters reported. The move comes to help process an increased number of last-minute applications. It is worth noting that the United States Secretary of Treasury, Steven …

  Read More »
• 29 December 2020 11:47 pm

  Gold Ends Tuesday on Slim Gains

  

  Gold prices rose on Tuesday, supported by the decline of the US Dollar (USD) and a soft performance by the stock markets after opening Monday at record highs on the back of optimism following the approval of a new stimulus package in the United States. Gold futures for February delivery …

  Read More »
• 29 December 2020 10:58 pm

  New York Authorizes JPY-Backed Stablecoin

  

  New York has authorized a stablecoin backed by the Japanese Yen (JPY) to operate in the United States, the Coin Telegraph reported. The stablecoin is run by the Japanese firm GMO-Z.com. “We’re breaking ground with our move to issue the first regulated JPY-pegged stablecoin, which many see as a safe …

  Read More »
• 29 December 2020 9:20 pm

  European Stocks Finish Tuesday Higher

  

  European stocks closed higher on Tuesday, supported by an improved risk sentiment following the approval of a new stimulus package in the United States. The STOXX Europe 600 index finished up by 0.76%. The UK’s FTSE100 gained 1.55%, while the French index CAC40 leveled up by 0.42%. In Germany, the …

  Read More »
• 29 December 2020 8:11 pm

  Will Bitcoin Peak in 2021?

  

  Bitcoin has been recently showing a very strong performance, supported by increased demand. The world’s largest digital currency achieved its best monthly performance in over a year during December. Market experts are now expecting the cryptocurrency to peak early next year with the recent surge come to an end in …

  Read More »
• 29 December 2020 7:38 pm

  Germany’s Exports to Grow 13% in 2021

  

  German exports are expected to grow by 13% in 2021, according to the BGA trade association, Reuters reported. However, the forecast needs to be dealt with in caution due to the uncertainty resulting from the Coronavirus pandemic. The President of the BGA, Anton Boerner, said that German exports could reach …

  Read More »
• 29 December 2020 6:44 pm

  UK and EU Express Relief Over Brexit Deal

  

  The recently agreed-upon Brexit trade deal between the United Kingdom (UK) and the European Union (EU) is a good agreement for the fisheries industry, Reuters cited a senior member of the UK’s negotiating team as saying on Tuesday. “The deal we have got recognizes UK sovereignty over our fishing waters, …

  Read More »
• 29 December 2020 5:47 pm

  Oil Rises on Hopes for an Increase in Fuel Demand, With Support of US Stimulus

  

  Oil prices rose on Tuesday (December 29th) as investors took the risk of supporting the United States’ move to increase aid payments linked to the pandemic, which could increase demand for fuel and spur economic growth. Brent crude rose 72 cents, equivalent to 1.4%, to $51.58 a barrel, while US …

  Read More »
• 29 December 2020 4:31 pm

  Turkish Lira is at Its Highest Level Since September 3

  

  The Turkish lira rose by nearly 1% against the dollar to its highest level since September 3, continuing the gains that followed the country’s central bank hike of the main interest rate last week. The lira stood at 7.38 against the US Dollar in lackluster trading due to year-end holidays, …

  Read More »
• 29 December 2020 3:52 pm

  European Stocks Extend Gains, Exchange Supported by Brexit Agreement

  

  European stocks extended their year-end gains on Tuesday, December 29, as global growth prospects were boosted by a post-Brexit trade deal and hopes of an increase in the US stimulus package and the race among the EU countries for COVID-19 vaccine. The Euro Stoxx 600 index rose by 0.8% at …

  Read More »