Open Demo Account

Market Analysis

August, 2020

  • 19 August 2020 1:06 pm

    Gold Down Below $ 2000

    Gold fell below $ 2000 dollars an ounce on Wednesday, August 19th, while the dollar rose as investors awaited the minutes of the latest Fed meeting. Spot of gold fell 0.4% to 1993.34 dollars an ounce by 05:05 GMT after hitting the highest level in a week at 2014.97 dollars …

    Read More »
  • 19 August 2020 12:40 pm

    Crude Oil Futures Higher During Asian Session

    According to the New York Mercantile Exchange, crude oil futures for September were traded at $42.70 a barrel, up 0.44%. It was previously traded higher at $42.76 a barrel. Crude oil may find support at $41.62 and resistance at $42.99. The dollar index, which measures the performance of the greenback …

    Read More »
  • 19 August 2020 11:48 am

    Japan’s Exports Fell in July For The Fifth Month in a Row

    Japan’s exports recorded a double-figure decline for the fifth consecutive month due to the repercussions of the Coronavirus, which led to a decline in car shipments to the United States. Japanese exports in July decreased by 19.2% year-on-year, and exports fell by less than expectations, which indicated a 21% decline. …

    Read More »
  • 19 August 2020 11:17 am

    Gold Futures Declined During Asian Session

    According to the COMEX, gold futures were traded in December at $ 2001.50 per ounce, up 0.58%. It previously traded at a session low $ 1999.95 an ounce. Gold may find points of support at $ 1923.00 and resistance at $ 2024.60. The dollar index, which measures the performance of …

    Read More »
  • 19 August 2020 10:59 am

    Trump Postpones Trade Talks With China

    US President Donald Trump said on Tuesday that he has postponed trade talks with China, adding that he does not want to talk to China at this time. Asked if he would withdraw from the trade deal with China, Trump said he would look into the matter. On Saturday, representatives …

    Read More »
  • 19 August 2020 10:57 am

    PBOC Sets Yuan Reference Rate at 6.9168

    The People’s Bank of China (PBOC) has set the yuan reference rate at 6.9168 versus Monday’s fix at 6.9325.

    Read More »
  • 19 August 2020 10:51 am

    UK Annualized CPI Beats Estimates

    The UK Consumer Prices Index (CPI) 12-month rate came in at +1.0% in July compared to +0.6% in June while beating expectations of a +0.6%, the UK Office for National Statistics (ONS) reported on Wednesday. Meanwhile, the core inflation gauge (excluding volatile food and energy items) came at +1.8% YoY …

    Read More »
  • 19 August 2020 2:11 am

    Daily Recap: Tuesday, August 18, 2020

    It was another weak day for the U.S. Dollar due to selling pressures and a decline in the Treasury Yields, but Wall Street was soaring with tech stocks making big gains and leading the S&P 500 index to finally close at a new record level, recovering all of its losses …

    Read More »
  • 19 August 2020 1:56 am

    S&P 500 Closes at New All-Time High

    The New York Stock Exchange (NYSE) closed Wednesday mixed as indices varied on their performance, with the Nasdaq and S&P closing at record highs and the Dow maintaining the downward trend. The S&P 500 index gained 0.2% and closed at 3,389.78, its highest evet closing level. Earlier in the session, …

    Read More »
  • 19 August 2020 1:50 am

    Oil Prices Settle Higher and Await OPEC+ Summit

    Oil prices showed a mixed performance on Tuesday, with the market anticipating the results of the OPEC+ summit, as well as the United States crude inventories data. Brent crude futures for October delivery added 0.2% and settled at $45.56 per barrel, while the West Texas Intermediate (WTI) futures for September …

    Read More »
  • 19 August 2020 1:16 am

    Trudeau Appoints His Deputy as Finance Minister

    The Canadian Prime Minister, Justin Trudeau, has appointed on Tuesday the Deputy PM, Chrystia Freeland, as Canada’s new Minister of Finance. This comes after the resignation of Bill Morneau from the post on Monday, reportedly due to disagreements with the Prime Minister. Freeland was Canada’s lead negotiator in talks for …

    Read More »
  • 19 August 2020 12:30 am

    GBP Maintains Gains amid USD Weakness

    The British Pound (GBP) rose against the U.S. Dollar (USD) on Tuesday, supported by the decline of the latter, amid anticipation for the progress of trade talks between the United Kingdom (UK) and the European Union (EU). The GBP/USD is trading at 1.3242, up by 1.07% for the day, after …

    Read More »
  • 18 August 2020 11:59 pm

    Gold Prices Restore $2,000 per Ounce Level

    Gold prices closed higher on Tuesday, maintaining its rising trend amid a decline by the U.S. Dollar. Gold futures for December delivery settled higher by $14.40 or 0.7% at $2,012.10 per ounce, restoring the $2,000 level. This comes after the yellow metal opened the week with its best daily gains …

    Read More »
This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends