Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2020

• 1 October 2020 1:17 pm

  Oil Stable on US Stimulus Hopes But Demand Concerns Persist

  

  Oil received some support from renewed hopes about a US fiscal stimulus, but concerns about an increase in Corona Cases weighing on demand. West Texas Intermediate (WTI) crude oil futures slipped 1 cents to $ 40.21 a barrel after jumping 2.4% on Wednesday. Brent crude futures also rose to 42.32. …

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• 1 October 2020 1:05 pm

  Gold Rises on Dollar’s Decline And Hopes for a US Stimulus

  

  Gold rose Thursday, October 1st after being boosted by the dollar’s decline and signs of progress in talks on new US stimulus measures. Gold Spot gained 0.4% to $1892.23/ounce, to start the month on the upside, after posting the largest monthly decline since September 2016. US gold futures rose 0.2% …

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• 1 October 2020 12:32 pm

  RBA Commodity Index Rises in September

  

  The Reserve Bank of Australia (RBA) Commodity Price Index increased by 1.5% on a monthly basis, after rising by a revised reading of 0.2% in August, according to preliminary estimates released by the Australian central bank on Thursday. The non-rural, rural, and base metals sub-indices all increased in the month. …

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• 1 October 2020 11:54 am

  Swiss Retail Sales Rise in August

  

  Retail sales in Switzerland increased on an annual basis by 1.6% during August, data showed on Thursday. Seasonally adjusted sales declined by 2.1% compared with the previous month, according to the provisional data by the Swiss Federal Statistical Office (FSO). Real turnover adjusted for sales days and holidays rose in …

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• 1 October 2020 11:49 am

  Swiss CPI Stable in September

  

  The consumer price index (CPI) in Switzerland remained stable during September 2020 compared with its level in August. The index recorded a reading of 101.2 points. Meanwhile, the inflation rate declined by 0.8% on an annual basis.

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• 1 October 2020 1:56 am

  NYSE Logs First Monthly Decline since March

  

  The New York Stock Exchange (NYSE) closed higher on Wednesday, as Wall Street investors seem to ignore the first Presidential debate, which took place last night. In addition, talks between the Treasury Secretary Steven Mnuchin and the Speaker of the House, Nancy Pelosi, renewed hopes for a new stimulus package …

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• 1 October 2020 1:39 am

  Oil Prices Rise but Record Monthly Losses

  

  Oil prices ended Wednesday higher after data showed an unexpected decline in crude inventories in the United States. Brent crude futures for December delivery rose by 74 cents, or 1.8%, to finish at $42.30 per barrel. The global benchmark crude oil posted a 9.6% monthly decline, which is the first …

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• 1 October 2020 1:26 am

  Gold Loses 4.2% in September

  

  Gold prices declined on Wednesday, expanding its monthly losses during September. The yellow metal futures for December delivery decreased by $7.70, or 0.4%, and finished at $1,895.50 per ounce. Gold’s monthly losses during the ending month amounted to 4.2%. However, gold registered a 5.2% increase during the third quarter (Q3) …

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September, 2020

• 30 September 2020 11:14 pm

  German Oil Imports Decline 2% in Seven Months

  

  Germany’s crude oil imports declined by 1.9% on an annual basis during the first seven months of 2020, data showed on Wednesday, as reported by Reuters. German oil imports amounted to 48.8 million tons between the beginning of January and the end of July 2020, down from 49.7 million tons …

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• 30 September 2020 10:58 pm

  GBP/USD Rises as Investors Adjust Positions

  

  The British Pound (GBP) rose on Wednesday against the US Dollar (USD) and mostly across the board, as investors adjust their position at the end of September and the third quarter (Q3) of the year. The GBP/USD pair is up by 0.31%, trading at 1.2903, after rising earlier today by …

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• 30 September 2020 10:24 pm

  European Stocks Stabilize at Wednesday’s Close

  

  European stocks closed marginally higher on Wednesday, supported by the rise of Wall Street following the first Presidential Debate on Tuesday night. The pan-European STOXX 600 index added 0.16 points or 0.044% to close nearly unchanged at 361.65 points. The UK’s FTSE100 closed lower by 0.53%, while the French CAC40 …

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• 30 September 2020 9:56 pm

  Fed’s Bowman: Economy Rapidly Recovering from COVID-19 Recession

  

  The United States economy has been recovering at a rapid pace from the impact of the COVID-19 crisis, however, unemployment remains quite high, which means more monetary and fiscal support are needed, Federal Reserve Governor Michelle Bowman said on Wednesday, Reuters reported. “Even with this support, however, I anticipate that …

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• 30 September 2020 8:20 pm

  US Oil Inventories Fall Unexpectedly for Third Week in Row

  

  Crude oil inventories in the United States declined last week, for the third consecutive week, by 2 million barrels, according to data by the US Energy Information Administration (EIA) on Wednesday. This comes against expectations of an increase by 1.6-1.9 million barrels. US oil stockpiles reached a total of 492.4 …

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