Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2020

• 29 September 2020 1:29 pm

  European Shares Drop Ahead of Trump-Biden Debate

  

  European stocks fell at the open Tuesday, September 29th, as the recovery from the previous session faded as investors remain cautious before the first US presidential debate. The European Stoxx600 index fell 0.5% in early trade after posting its biggest daily gain in three months on Monday. Growth-sensitive stocks, including …

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• 29 September 2020 12:38 pm

  Turkish Lira Reaches Fresh Low Before Announcing an Economic Program

  

  The Turkish lira hit a new record low against the dollar on Tuesday (September 29th), as investors assess the repercussions of conflict in the Caucasus and await a new medium-term economic program to be announced by Finance Minister Barat Albayrak. The lira hit a record low of 7.8450 against the …

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• 29 September 2020 11:54 am

  Markets Await Biden-Trump First Presidential Debate

  

  Markets await the presidential debate in the United States between Trump and Biden, scheduled for Tuesday, September 29. The debate will occur on Tuesday night and Wednesday morning for European time, meaning we may not feel the market affected until later on Wednesday. FT’s polls indicate Biden is on track …

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• 29 September 2020 11:27 am

  Japan Shares Close Higher, All Eyes on The Presidential Debate

  

  Japanese stocks closed at a seven-month high on Tuesday, September 29, tracking the impact of US stocks, which rose last night due to investors buying shares that plunged sharply with a sharp decline in the stock market last week, while all eyes turned to the presidential debate between Trump and …

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• 29 September 2020 10:49 am

  Gold Settles as US Dollar Weakens Ahead of Trump And Biden Debate

  

  Gold prices stabilized on Tuesday, September 29, with the dollar retreating from its highest level in two months, as investors look to the first US presidential debate and the developments of a new bill for coronavirus aid in the United States. There was little change in the yellow metal in …

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• 29 September 2020 10:38 am

  PBOC Fixes Yuan Mid-Point Against USD at 6.8171

  

  People Bank of China fixed the Yuan Mid-Point against the US dollar At 6.8171 (est 6.8133). China’s central bank is also to inject 100 bln yuan via 14-day reverse repos. The fixing restricts the onshore yuan’s daily moves to 2% on either side of it

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• 29 September 2020 10:36 am

  FX Option Expiries For Sept 29 NY Cut

  

  FX option expiries for Sept 29 NY cut at 10:00 Eastern Time, via DTCC, can be found below. EUR/USD: EUR amounts 1.1600 512m USD/JPY: USD amounts 104.75 376m105.00 2.6bn105.10 375m105.30 685m105.32 444m105.35 404m NZD/USD: NZD amounts 0.6580 343mEUR/GBP: EUR amounts 0.9155 571m

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• 29 September 2020 1:39 am

  Wall Street Closes on Large Gains

  

  The New York Stock Exchange (NYSE) closed higher on Monday, starting the week with huge gains amid improved investors sentiment amid anticipation for a new stimulus package in the United States. Energy, tech, and banks stocks led the gains on the first session of the week supporting the rise of …

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• 29 September 2020 1:31 am

  Oil Closes Higher on Stimulus Hopes

  

  Oil prices closed higher on Monday, amid increased hopes for a new economic stimulus package in the United States. However, rising concerns about the increasing number of COVID-19 cases in many countries limited the gains of crude prices. Brent crude futures closed higher by 51 cents, or 1.22%, at $42.43 …

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• 29 September 2020 12:30 am

  DXY Near Closing in Losses

  

  The US Dollar is declining across the board against major currencies on Monday, amid selling pressures. The Dollar index (DXY), which measures the performance of the USD against a basket of six international currencies, is down by 0.39% for the day at 94.28. The index, which closed last week at …

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• 29 September 2020 12:26 am

  US Treasury Yields Maintain Its Level

  

  The United States treasury yields stabilized on Monday, despite the rise of stock markets, amid increasing demand for safe havens. Return on the 10-year Treasury note remained almost unchanged at 0.661%. Yields on the 30-year bonds increased by 1.8 basis points to 1.423%. Meanwhile, the two-year note yield maintained its …

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• 29 September 2020 12:23 am

  Gold Settles Higher as USD Declines

  

  Gold prices closed higher on Monday, rising in the first session of the week as the US Dollar (USD) declined across the board against major currencies. In addition, political uncertainties and the rising number of COVID-19 cases in many countries are spurring demand for safe havens. Gold futures for December …

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• 28 September 2020 10:21 pm

  Fed’s Mester: More Actions Needed for Recovery

  

  President of the Federal Reserve Bank of Cleveland, Loretta Mester, said on Monday that the US economy needs more actions to guarantee its recovery from the impacts of the Coronavirus (COVID-19) “Opportunity and inclusion are important for achieving a strong economy.”“Unless actions are taken to promote an inclusive economy, the …

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