Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2020

• 15 September 2020 5:05 pm

  US: NY Empire State Manufacturing Index Improves to 17 in September

  

  The headline General Business Conditions Index of the NY Fed’s Empire State Manufacturing Survey improved from 3.7 in August to 17 in September. This reading beat the market expectation of 6 by a wide margin. “The new orders index climbed nine points to 7.1, pointing to a modest increase in orders, and …

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• 15 September 2020 5:02 pm

  German Investor Sentiment Rises Despite Brexit and Covid-19 Concerns

  

  Investor sentiment in Germany increased unexpectedly in September, the ZEW Institute for Economic Research said on Tuesday, indicating confidence in recovery from the Corona crisis despite concerns related to stalled Brexit talks and a spike in new cases of the virus. The index of economic sentiment for investors increased to …

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• 15 September 2020 3:06 pm

  IEA: Recovery in Oil Demand Set to Slow for The Rest of 2020

  

  The International Energy Agency reduced its forecast for oil demand this year, indicating caution about the pace of the economic recovery from the Corona pandemic. The Paris-based agency lowered its forecast for 2020 by 200,000 bpd to 91.7 million bpd, the second cut of its oil demand forecast in several …

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• 15 September 2020 2:54 pm

  Yuan Hits a 16-Month High After Chinese Data

  

  The Chinese yuan jumped to its highest level in 16 months against the dollar on Tuesday, September 15th after Chinese data indicated an economic recovery after isolation measures due to the Corona pandemic, while the US dollar fell as risk appetite improved. Chinese industrial production accelerated and retail sales grew …

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• 15 September 2020 1:49 pm

  Oil Falls as Demand Concerns Continue to Weigh on Market

  

  Oil prices fell on Tuesday, September 15th, as a result of concerns about a slow recovery of global demand for fuel that has been hit by the Coronavirus pandemic, in light of a warning about pessimistic expectations from major oil producers. Brent crude fell four cents, equivalent to 0.1%, to …

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• 15 September 2020 12:21 pm

  Japan Shares Lower on Strong Yen And Profit-Taking

  

  Japanese shares closed lower on Tuesday, September 15th as the strong yen pressured export companies and investors profit-taking following a three-day rally ahead of the country’s ruling party elections that chose Yoshihide Suga, an ally of outgoing Prime Minister Shinzo Abe, as the new leader. The Nikkei index closed down …

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• 15 September 2020 12:07 pm

  Gold Hits Its Highest Level in Nearly Two Weeks on Falling Dollar

  

  Gold reached its highest level in nearly two weeks Tuesday on September 15th in light of the dollar’s weakness and as investor interest turned to the US Federal Reserve meeting in search of details regarding its plans to keep interest rates low while aiming to raise the rate of inflation. …

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• 15 September 2020 11:16 am

  UK Unemployment Rate Rises For The First Time Since The Restrictions

  

  Official data showed that the unemployment rate in Britain rose for the first time since the imposition of general isolation measures to combat the Coronavirus in March. The Office for National Statistics said the unemployment rate increased to 4.1% in the three months ending in July from 3.9% between April …

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• 15 September 2020 11:10 am

  China Extends Customs Exemptions For 16 US Products

  

  China’s Finance Ministry said it will extend existing customs exemptions for 16 US products including lubricants, whey and fish meals for an additional year. The ministry said that the products received exemptions from retaliatory customs duties imposed by China on US goods as countermeasures to the US Article 301 measures …

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• 15 September 2020 11:06 am

  Retail Sales Rise in China For The First Time in 2020

  

  Retail sales in China rose in August for the first time since 2020, as Chinese consumers ramped up their spending in a sign of further economic recovery from the shock of the coronavirus pandemic. Retail sales rose 0.5% in August from the same period last year, in the first positive …

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• 15 September 2020 11:04 am

  Japanese Nikkei Down 0.51% in Early Trading in Tokyo

  

  The Nikkei benchmark index fell in early trading on the Tokyo Stock Exchange on Wednesday. The Nikkei fell, a benchmark Nikkei index fell in early trading on the Tokyo Stock Exchange on Wednesday. The Nikkei fell 0.13% to 23,425.23 points, while the broader TIOUX index fell 0.11% to 1639.02 points …

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• 15 September 2020 10:14 am

  PBOC Sets Yuan Reference Rate at 6.8222

  

  The People’s Bank of China (PBOC) has set the yuan reference rate at 6.8222 versus Monday’s fix at 6.8361.

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• 15 September 2020 10:14 am

  FX Option Expiries For Sept 15 NY Cut

  

  FX option expiries for Sept 15 NY cut at 10:00 Eastern Time, via DTCC, can be found below. EUR/USD: EUR amounts 1.1830 823m1.1850 2.4bn1.1885 957m1.1910 637m USD/JPY: USD amounts 105.00 1.1bn105.70 535m105.95 999m106.00 665m

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