Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2020

• 21 December 2020 8:00 pm

  European Stocks Decline on New Coronavirus Variant Fears

  

  European stocks plunged on Monday, opening the week with a negative performance amid fears about a new variant of the Coronavirus. The pan European STOXX 600 index closed lower by 2.3%. Meanwhile, the UK’s FTSE100 finished lower by 1.73%. In Germany, the DAX index plummeted by 2.82%, while in France …

  Read More »
• 21 December 2020 7:14 pm

  Eurozone Consumer Confidence Indicator Improves to -13.9 in December

  

  The Consumer Confidence Indicator for the Eurozone rose by 3.7 points to -13.9 in December from -17.6 in November, the advanced data published by the European Commission showed on Monday. This reading came in better than analysts’ estimate of -16.8.

  Read More »
• 21 December 2020 6:47 pm

  The Central Bank of Russia: Banking Sector Profits Fall on a Monthly Basis in November

  

  Russia’s central bank said on Monday that profits in Russia’s banking sector fell to 149 billion rubles ($ 1.98 billion) in November from 170 billion in October. The central bank added that Russian banks achieved profits of 1.4 trillion rubles in the eleven months of 2020. Russia’s credit rating agency …

  Read More »
• 21 December 2020 5:44 pm

  US: Chicago Fed National Activity Index Drops to 0.27 in November

  

  The Federal Reserve Bank of Chicago’s National Activity Index (CFNAI) declined from 1.01 (revised from 0.83) in October to 0.7 in November. Forty-nine of the 85 individual indicators made positive contributions to the CFNAI in November, while 36 made negative contributions

  Read More »
• 21 December 2020 5:43 pm

  Russia to Suspend Flights With UK Amid Mutated Virus Fears

  

  Russia will halt all flights with Britain from midnight Tuesday, joining the growing list of countries to suspend air travel with the country amid concerns of a more-infectious coronavirus strain found there.

  Read More »
• 21 December 2020 5:20 pm

  EXMO gets hacked, about 5% of the total assets lost

  

  EXMO gets hacked, about 5% of the total assets lost

  Read More »
• 21 December 2020 4:30 pm

  Saudi Arabia Suspend Foreign Travel Over Mutant Virus

  

  Saudi Arabia and Oman halted international flights and closed their borders for a week over fears about the fast-spreading new strain of the coronavirus. The Kingdom also added that all international flights for travelers – except in exceptional cases – will be suspended temporarily for a week, which can be …

  Read More »
• 21 December 2020 4:21 pm

  UK Retail Sales Rise Ahead of Christmas

  

  A survey on Monday showed that UK retail sales rebounded in December with restrictions on stores eased and consumers buying food and other essentials before Christmas, but the outlook for January is the worst since summer. The monthly report of the Confederation of British Industries showed that the balance of …

  Read More »
• 21 December 2020 3:30 pm

  Hong Kong Bans Travel to Britain

  

  Hong Kong has banned all flights from the United Kingdom starting at midnight local time on Monday, becoming the first city in Asia to announce such a halt after the discovery of a new highly pathogenic strain of coronavirus in Britain. Health Minister Sophia Chan said stricter measures are needed …

  Read More »
• 21 December 2020 2:50 pm

  New Strain of Coronavirus Putting Pressure on Pound

  

  The British pound and the euro fell on Monday, as investors searched for a safe haven in the dollar after a new fast-spreading strain of the Coronavirus caused the closure of most parts of Britain and disrupted international shipping activity in light of the fog surrounding Brexit from the European …

  Read More »
• 21 December 2020 2:30 pm

  GBP/USD Collapses Below 1.32

  

  GBP/USD has collapsed below 1.32, down some 320 pips on the day. The new covid strain in the UK causing a massive sell-off amid European travel bans and potential supply-chain issues ahead of Christmas. 

  Read More »
• 21 December 2020 2:08 pm

  French Health Minister: The Covid-19 Vaccine Supposed to Protect Against The New Strain

  

  French Health Minister Olivier Ferrand said that the current vaccines should protect against a new strain of the virus that recently appeared in Britain, adding that “in theory” there is no reason to believe that the vaccine will not be effective. “ Ferrand indicated that the new strain may have …

  Read More »
• 21 December 2020 1:19 pm

  The Turkish Lira Drops 1% as US Dollar Rises on Coronavirus Measures

  

  The Turkish lira declined 1% against the dollar, along with other currencies in emerging markets, as investors switched to the low-risk US dollar in light of a large number of countries tightening measures to contain Covid-19. The lira was at $7.7050, down from Friday’s closing level of 7.6280. The lira …

  Read More »