Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2020

• 10 December 2020 1:17 pm

  Japan Stocks Close Lower, Softbank Jumps 11%

  

  Japanese stocks closed lower Thursday, December 10, as the Brexit crisis and political squabbling over fiscal stimulus in the United States pressured investor sentiment around the world, while market heavyweight Softbank Group jumped to its highest level in more than 20 years thanks to the inclusion of Doordash. Softbank rose …

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• 10 December 2020 1:12 pm

  ECB Preview: Can Drag Euro Lower?

  

  The European Central Bank faces a difficult situation as it needs to decide whether to resort to a more monetary stimulus or whether to take smaller steps to address the current risks. The euro was one of the best performing currencies, up 8% against the dollar so far while it …

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• 10 December 2020 3:39 am

  BoC Maintains Interest Rates in Last Meeting of 2020

  

  The Bank of Canada (BoC) on Wednesday maintained interest rates unchanged, as well as its extraordinary forward guidance, reinforced and supplemented by its quantitative easing (QE) program, which continues at its current pace of at least $4 billion per week. The rebound in the global and Canadian economies has unfolded …

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• 10 December 2020 12:47 am

  Oil Closes Mixed Following Inventory Report

  

  Oil prices ended Wednesday on a mixed note, following a surprise surge in crude inventories in the United States last week. Brent crude futures for February delivery added 2 cents to close $48.86 a barrel. Meanwhile, the West Texas Intermediate (WTI) futures for January delivery fell by 8 cents to …

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• 9 December 2020 11:56 pm

  Gold Finishes Lower for First Time This Week

  

  Gold prices declined for the first time this week, after two consecutive rises, as both the US Treasury yields and the US Dollar (USD) rose on Wednesday. In addition, positive news about Coronavirus vaccines are limiting demand for safe havens. Gold futures for February delivery decreased by $36.40, or 1.9%, …

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• 9 December 2020 11:42 pm

  European Stocks End Wednesday on Higher Note

  

  European stocks closed higher on Wednesday, with growing anticipation for the outcomes of the post-Brexit trade talks. The STOXX Europe 600 index finished up by 0.4%, supported by the gains of major market sectors. The UK’s FTSE100, the main index of the London Stock Exchange (LSE), edged up by 0.08%. …

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• 9 December 2020 10:44 pm

  US Crude Oil Inventories Surge by 15.2 M Barrels

  

  Crude oil inventories in the United States surged last week, data by the Energy Information Administration (EIA) showed on Wednesday. Oil stockpiles went up by 15.2 million barrels in the week to December 4, reaching a total of 503.2 million barrels. This is the largest rise in crude oil inventories …

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• 9 December 2020 10:28 pm

  US Wholesale Inventories Rise in October

  

  Wholesale inventories in the United States rose in October, according to data by the Department of Commerce release on Wednesday. Wholesale inventories rose by 1.1% in October, instead of an initially estimated 0.9%. On an annual basis, inventories decline by 2.2% in October 2020, compared with the same month of …

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• 9 December 2020 8:30 pm

  US New Job Openings Rise in October

  

  New job openings in the United increased during the month of October, as the American economy is recovering from the Coronavirus crisis, data showed on Wednesday. Job openings grew to 6.65 million by the end of October from 6.49 million in September, according to the US Department of Labor’s monthly …

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• 9 December 2020 7:20 pm

  The S&P 500 Reaches a Record High Thanks to The Vaccine And The Stimulus Bets

  

  The S&P 500 Index hit a record high moments after the opening Wednesday, amid demand for stocks sensitive to economic developments such as banks and industrial companies sparked hopes for a vaccine-fueled recovery and more US fiscal stimulus. The S&P 500 opened up 3.73 points, equivalent to 0.10%, to reach …

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• 9 December 2020 7:00 pm

  BoC Maintains Interest Rates

  

  The Bank of Canada (BoC) maintained its target for the overnight rate at the effective lower bound of 0.25%, with the Bank Rate at 0.5% and the deposit rate at 0.25%.

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• 9 December 2020 6:42 pm

  China’s CPI Fell For The First Time Since 2009

  

  China’s CPI fell in November for the first time in nearly a decade as food prices fell. The Chinese National Statistics Office said the Consumer Price Index, a gauge of inflation that measures the prices of a basket of consumer goods and services, fell 0.5% in November compared to a …

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• 9 December 2020 6:15 pm

  UK PM Johnson: EU Wants to Take Away Our Control Over Our Fishing Waters

  

  “The European Union wants to take away our control over our fishing waters,” British Prime Minister Boris Johnson said on Wednesday and reiterated that he cannot accept that demand. “The EU is insisting that if they pass a new law in the future then they want the automatic right to …

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