Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2020

• 22 December 2020 11:09 pm

  USD Maintains Rising Streak

  

  The US Dollar (USD) is rising across the board on Tuesday, supported by improved demand on concerns about the Coronavirus. The Dollar Index (DXY), which measures the USD performance against a basket of six major international currencies, is up by 0.67% at 90.65. The index has been moving today in …

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• 22 December 2020 11:02 pm

  Gold Closes Lower for Second Day in Row

  

  Gold prices plunged on Tuesday, falling for the second consecutive session for the first time in about two weeks. Moreover, the yellow metal futures saw their biggest decline since the beginning of the month, amid a positive performance by the US Dollar (USD). Gold futures for February delivery decreased by …

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• 22 December 2020 9:10 pm

  US Existing Homes Sales Fall in November

  

  Existing homes sales in the United States decreased for the first time in six months during November, data showed on Tuesday. Sales of previously owned homes fell by 2.5% last month, after reaching its highest level in about 15 years during October, to an annualized rate of 6.69 million units, …

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• 22 December 2020 8:00 pm

  US Consumer Confidence Declines in December

  

  Consumer confidence in the United States declined for the second month in a raw in December, reaching its lowest level since August, amid a new wave of the Coronavirus pandemic. The consumer confidence index plunged to 88.6 in December from a revised reading of 92.9 in November, according to data …

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• 22 December 2020 5:53 pm

  US: Real GDP Expands by 33.4% in Q3

  

  The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 33.4% in the third quarter, the US Bureau of Economic Analysis’ third estimate showed on Tuesday. This reading beat the previous estimate and the market expectation of 33.1%.

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• 22 December 2020 5:51 pm

  US: Philly Fed Non-manufacturing Firm-Level Business Activity Index Improves in December

  

  The Firm-level Business Activity Index of the Federal Reserve Bank of Philadelphia’s Nonmanufacturing Business Outlook Survey improved slightly to 5.6 in December from 5.3 in November. On a negative note, the Regional Business Activity Index slumped to -26.8 from -15.9.

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• 22 December 2020 5:30 pm

  China Says it Will Take Action in Response to The US Visa Ban

  

  The Chinese Foreign Ministry said on Tuesday that Beijing will impose measures on those responsible for harming the Chinese side, in response to the ban imposed by the United States on granting Chinese officials additional entry visas. Chinese Foreign Ministry spokesman Wang Wenbin said in a press briefing that the …

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• 22 December 2020 4:24 pm

  The European Union Receives 12.5 Million Doses of Pfizer/BioNTech Vaccine by The End of The Year

  

  German company BioNTech said it and US company Pfizer will supply 12.5 million doses of their Covid-19 vaccine to the European Union by the end of the year. That’s more than half of the 20 million doses expected to be delivered to the United States by the end of the …

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• 22 December 2020 4:11 pm

  Germany Bans Entry to Those From Britain And South Africa Until January 6

  

  Reuters revealed that Germany imposed a travel ban on travellers from Britain, Northern Ireland and South Africa until January 6. According to Reuters, it is prohibited for railways, buses, freight and air companies to transport passengers from these destinations to Germany. added that German citizens and residents of the country …

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• 22 December 2020 3:04 pm

  Currencies Overview: EUR and GBP Facing Pressure, US Dollar Continues to Rise

  

  The euro and the pound faced pressure against the dollar today, Tuesday, with the outbreak of a new strain of the Coronavirus in Britain, which led to the closure of important trade routes and caused a crisis in supply chains with the close of the deadline for concluding a trade …

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• 22 December 2020 3:00 pm

  Gold Dropping as US Dollar’s Strength Overwhelmed the Stimulus Package

  

  Gold prices plunged today, Tuesday, as the strength of the dollar overshadowed the support resulting from the US Congress’s approval of a long-awaited aid package of nearly $ 900 billion linked to the Coronavirus, while sentiment was also affected by some profit-making sales. And gold fell in the spot market …

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• 22 December 2020 1:40 pm

  Record Growth For Britain’s Economy at 16% in Q3

  

  Official data showed that the economic recovery in Britain from the collapse caused by the Corona virus in the period from July to September was somewhat faster than previously thought, and it also reported that government borrowing had jumped for spending related to the Corona virus crisis. GDP grew at …

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• 22 December 2020 12:56 pm

  Congress Approves Long-Awaited $900 Billion Covid Rescue Package

  

  The US Congress has passed the long-awaited “stimulus package” Covid relief bill and the government’s funding plan Here are key provisions that will be included as part of the agreement, according to summaries of the legislation released by Democratic and GOP leadership: Direct payment checks of up to $600 per …

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