Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2020

• 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.

  Read More »
• 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

  Read More »
• 15 September 2020 10:13 am

  PBOC Injects CNY600 B Through One-Year MLF at 2.95%

  

  The People’s Bank of China (PBOC) injected CNY600 billion via one-year medium-term lending (MLF) facility on Tuesday. The Chinese central bank issued the one-year MLF at 2.95%, unchanged from the previous operation. The PBOC kept the rates unchanged for the fifth month in a row. There is CNY170 billion reverse …

  Read More »
• 15 September 2020 12:43 am

  NYSE Closes Higher Amid Vaccine Hopes

  

  The New York Stock Exchange (NYSE) rose on Monday, amid a positive performance by most stock markets on renewed hopes for developing a COVID-19 vaccine. The Dow Jones Industrial Average increased by 328 points, or 1.2%. The S&P 500 index closed higher by 1.3%, while the Nasdaq Composite showed recovery …

  Read More »
• 15 September 2020 12:37 am

  US Treasury Yields Mixed at the Beginning of the Week

  

  US Treasury yields showed a mixed performance on Monday amid anticipation for the next Federal Reserve meeting. Yields on the 10-year Treasury notes settled at 0.669%, while the two-year note return increased by 0.6 basis point to 0.135%. Meanwhile, the return on the 30-year bond declined by 0.9 basis point …

  Read More »
• 14 September 2020 11:33 pm

  Oil Down Amid Demand Concerns

  

  Oil prices fell on Monday, due to concerns and negative expectations for the global demand outlook. The global benchmark Brent crude futures settled lower by 22 cents, or 0.6%, at $39.61 per barrel. Meanwhile, the US West Texas Intermediate (WTI) crude futures closed lower by 7 cents, or 0.2%, at …

  Read More »
• 14 September 2020 11:18 pm

  Gold Settles Higher as USD Weakens

  

  Gold prices rose on Monday amid a decline by the US Dollar and the Treasury Yields, and despite a rise in stock markets amid an improved risk appetite. Gold futures for December delivery finished higher by $15.80, or 0.8%, at $1,963.70 per ounce. As for silver futures, the December contracts increased by …

  Read More »
• 14 September 2020 11:03 pm

  Report: GBP Trading at Attractive Levels

  

  A recent report by Goldman Sachs suggested that the market is over reacting to concerns over a Brexit without a trade deal, noting that the British Pound (GBP) is currently trading at attractive levels. “For investors willing to look through some near-term volatility, current levels for sterling longs now look …

  Read More »
• 14 September 2020 9:19 pm

  European Stocks Finish Higher

  

  European stocks closed higher on Monday, opening the week on a positive note after some fluctuations. Positive news about COVID-19 vaccine trials helped boost investors’ sentiment and risk appetite. The Stoxx Europe 600 index closed up by 0.18% or 0.68 points at 368.64 points. The UK’s FTSE100 slipped by 0.10%, …

  Read More »
• 14 September 2020 7:44 pm

  Mnuchin Vows to Work on New Stimulus Deal

  

  The United States Secretary of Treasury, Steven Mnuchin, said on Monday that he will continue to work to reach a deal with Congress for a new economic stimulus package. Speaker of the House, Nancy Pelosi, recently expressed hopes for a new deal to help the economy cope with the complications …

  Read More »
• 14 September 2020 7:20 pm

  Germany to Maintain Economic Recovery

  

  The German economy is expected to maintain recovery until the end of the year, according to Germany’s economy minister. The minister expects strong growth during the third quarter (Q3) of 2020. However, reaching pre-COVID-19 levels is not expected before 2022. “The German economy is continuing to pick up, albeit at …

  Read More »
• 14 September 2020 5:35 pm

  WHO: A Record Number of Daily Coronavirus Cases

  

  The World Health Organization revealed a record number of daily infections with the Coronavirus around the world today, Sunday, reaching 307,930 cases in total within 24 hours. The organization reported on its website that India, the United States and Brazil recorded the largest increases. The daily number of deaths increased …

  Read More »
• 14 September 2020 5:23 pm

  EU to delay UK Access Decision for Euro Clearing Due to Internal Markets Bill

  

  The European Union is planning to delay the decision on allowing the UK to continue clearing euro transactions for EU-based clients due to concerns over the UK’s intention to break the Withdrawal Agreement with the Internal Markets Bill, Reuters reported on Monday, citing a derivatives industry source. The EU is …

  Read More »