Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2020

• 23 November 2020 5:45 pm

  US: Chicago Fed National Activity Index Improves to 0.83 in October

  

  The Federal Reserve Bank of Chicago’s National Activity Index (CFNAI) rose from 0.32 (revised from 0.27) in September to 0.83 in October. Fifty-four indicators improved from September to October, 30 indicators deteriorated, and one was unchanged. Of the indicators that improved, eight made negative contributions

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• 23 November 2020 5:15 pm

  All UK Adults Could Have COVID-19 Vaccine by Springtime

  

  Professor Adrian Hill, Director of the Jenner Institute, told Reuters on Monday that all UK adults could have a COVID vaccine by springtime after Oxford/AstraZeneca’s vaccine candidate showed the effectiveness of up to 90%. “Oxford vaccine trial results leave Britain on track to start roll-out in December. We will likely …

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• 23 November 2020 4:42 pm

  Germany Intends to Extend General Isolation by One Month to Contain The Second Wave of Corona

  

  On Sunday, November 22, two senior German officials said in remarks that the country will have to extend its current measures to contain the coronavirus pandemic to last in December. Germany imposed “general isolation measures” for a month, starting from November 2, to contain a second wave of the virus …

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• 23 November 2020 4:21 pm

  Barclays Bank Keeps Its Forecast For Oil Price in 2021

  

  Barclays Bank maintained its oil price forecast for 2021 and expected Brent crude to reach $ 53 a barrel due to OPEC and its allies controlling production and based on the promotion of a potential Covid-19 vaccine demand in the second half of the year. In the short term, the …

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• 23 November 2020 3:11 pm

  AstraZeneca Will Have 200 Million Doses of COVID-19 Vaccine by The End of The Year

  

  Pam Cheng, chief operating officer at AstraZeneca, said that the company will have 200 million doses of its candidate vaccine, which it developed in cooperation with the University of Oxford, by the end of 2020, and that 700 million doses will be ready worldwide by the end of Q1 of …

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• 23 November 2020 2:46 pm

  Oil Prices Continue Their Gains Thanks to Hopes of Corona Vaccine

  

  Oil prices rose 1% on Monday, November 23, to continue their gains, as traders expect a recovery in crude demand due to successful trials of a vaccine for the Coronavirus. Sentiment boosted hopes that OPEC, Russia and other producers, a group known as OPEC +, would continue to curb production. …

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• 23 November 2020 1:53 pm

  German Flash Manufacturing PMI Eases to 57.9 in November

  

  According to the preliminary manufacturing activity report from IHS/Markit research, released this Monday, the flash version of the German Manufacturing PMI eased to 57.9 in November. The reading was still better than consensus estimates pointing to a fall to 56.5 from a 30-month high level of 58.2 recorded in the …

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• 23 November 2020 1:30 pm

  Eurozone Flash Manufacturing PMI Comes in at 53.6 For November

  

  According to the preliminary report from IHS/Markit research, Eurozone business activity fell sharply in November as countries introduced more aggressive measures. In fact, the Eurozone manufacturing purchasing managers index (PMI) fell to a three-month low level of 53.6 during the reported month, down from 548 in October. Adding to this, …

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• 23 November 2020 1:11 pm

  The Turkish Lira is Down by More Than 1%, After Big Gains

  

  The Turkish lira fell 1.3% against the dollar as local investors strengthened their positions in foreign currencies and gold, after a strong rise in the Turkish currency recently. The lira fell to 7.76 from Friday’s close of 7.65. The lira rose from a record low of 8.58 this month after …

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• 23 November 2020 12:38 pm

  Gold Rises as US Dollar Fell to Lowest Level in Two Years

  

  Gold rose Monday, November 23, as the dollar’s weakness and its decline to its lowest level since 2018 and hopes for more monetary stimulus in the United States to alleviate the economy affected by the pandemic were dispelled optimism about the possibility of distributing a vaccine for Covid-19 next year. …

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• 23 November 2020 4:45 am

  Weekly Recap 16-20 Nov

  

  Over the ending week, the market continued to be supported by positive news about Coronavirus vaccines, after both Moderna and Pfizer announced high success rates for their vaccine candidates. Meanwhile, the President of the United States, Donald Trump, is yet to concede the past elections, in which his lost to …

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• 20 November 2020 10:54 pm

  Gold Rises to Limit Weekly Decline

  

  Gold prices finished higher on Friday, which helped limit the weekly decline of the yellow metal amid a rise by the US Dollar (USD). Gold futures for December delivery rose by $10.90, or 0.6%, and settled at $1,872.40 per ounce. For the week, gold futures recorded a 0.7% decline.

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• 20 November 2020 10:49 pm

  Fed’s George: Recovery Could Face Headwinds from Energy Sector

  

  The President of the Federal Reserve Bank of Kansas City, Esther George, said on Friday that economic recovery in the United States could be challenges, due to the Coronavirus impact on the energy sector and reductions in crude oil production. “Large reserve funds can help to offset some of the …

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