Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2020

• 22 December 2020 11:49 am

  Oil Falls On New Strain of Coronavirus

  

  Oil prices incurred more losses today, Tuesday, which add to the sharp losses from the previous session, as a new strain of the emerging corona virus in Britain raises concerns about a recovery in fuel demand. The fast-spreading new strain of the Corona virus caused the closure of most areas …

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• 22 December 2020 3:26 am

  London Not Looking to Extend Brexit Transitional Period

  

  The United Kingdom (UK) has no intention to extend the Brexit transitional period, which ends on December 31 in order to allow more time for negotiations with the European Union (EU), as expressed by a spokesperson for the British Prime Minister Boris Johnson. The First Minister of Scotland, Nicola Sturgeon, …

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• 22 December 2020 2:49 am

  Europe Grants Authorization for Pfizer-BioNTech Vaccine

  

  The European Medicines Agency has recommended authorizing the Coronavirus vaccine for people aged 16 and older, CNBC reported. The authorized vaccine is the one developed by Pfizer and BioNTech, with vaccinations in Europe expected to start within a week. This comes less than two weeks after the vaccine was rolled …

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• 22 December 2020 1:59 am

  Biden Gets COVID-19 Vaccine

  

  The President-elect of the United States, Joe Biden, received on Monday the first dose of the Coronavirus vaccine. Biden told Americans that there’s nothing to worry about regarding the vaccine, NBC News reported. The President-elect got the Pfizer-BioNTech vaccine. “I’m doing this to demonstrate that people should be prepared, when …

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• 22 December 2020 1:28 am

  DXY to Finish off Session Highs

  

  The US Dollar (USD) showed a positive performance against major currencies on Monday, opening the week with support from investors’ demand spurred by concerns about a new variant of the Coronavirus. The Dollar Index (DXY), which measures the greenback performance against a basket of six international currencies, is up by …

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• 22 December 2020 1:19 am

  Oil Prices Decline on Coronavirus Concerns

  

  Oil prices declined on Monday, on the back of renewed concerns about a new variant of the novel Coronavirus that caused a global pandemic. New lockdown measures could sharply impact the demand for oil, which is driving investors’ worries across the markets. Brent crude futures for February delivery closed lower by …

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• 21 December 2020 11:28 pm

  Gold Finishes Lower Amid Coronavirus Skepticism

  

  Gold prices decline on Monday, as the US Dollar (USD) rose across the board on concerns about a new variant of the coronavirus. Gold futures for February delivery decreased by $6.10, or 0.3%, to finish at $1,882.80 per ounce. The yellow metal failed to gain enough support from the recently …

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• 21 December 2020 10:40 pm

  GBP/USD Declines on New Coronavirus Variant

  

  Announcing the discovery of a new variant of the Coronavirus in the United Kingdom (UK) has led to the decline of the British Pound (GBP) on Monday. The GBP is down by 1.12% against the US Dollar (USD), trading at 1.3372. Earlier today, the GBP/USD pair fell as low as …

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• 21 December 2020 9:57 pm

  Canada’s New Housing Prices Rise in November

  

  Canada’s New Housing Price Index showed that new home buyers saw prices rise by 0.6% in November. New single-family house prices increased by 3.7% since the beginning of the pandemic in March, according to Statistics Canada. On the national level, new house prices went up by 4.6% on an annual …

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• 21 December 2020 8:00 pm

  European Stocks Decline on New Coronavirus Variant Fears

  

  European stocks plunged on Monday, opening the week with a negative performance amid fears about a new variant of the Coronavirus. The pan European STOXX 600 index closed lower by 2.3%. Meanwhile, the UK’s FTSE100 finished lower by 1.73%. In Germany, the DAX index plummeted by 2.82%, while in France …

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• 21 December 2020 7:14 pm

  Eurozone Consumer Confidence Indicator Improves to -13.9 in December

  

  The Consumer Confidence Indicator for the Eurozone rose by 3.7 points to -13.9 in December from -17.6 in November, the advanced data published by the European Commission showed on Monday. This reading came in better than analysts’ estimate of -16.8.

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• 21 December 2020 6:47 pm

  The Central Bank of Russia: Banking Sector Profits Fall on a Monthly Basis in November

  

  Russia’s central bank said on Monday that profits in Russia’s banking sector fell to 149 billion rubles ($ 1.98 billion) in November from 170 billion in October. The central bank added that Russian banks achieved profits of 1.4 trillion rubles in the eleven months of 2020. Russia’s credit rating agency …

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• 21 December 2020 5:44 pm

  US: Chicago Fed National Activity Index Drops to 0.27 in November

  

  The Federal Reserve Bank of Chicago’s National Activity Index (CFNAI) declined from 1.01 (revised from 0.83) in October to 0.7 in November. Forty-nine of the 85 individual indicators made positive contributions to the CFNAI in November, while 36 made negative contributions

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