Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2020

• 11 December 2020 12:24 am

  Oil Closes Higher on Vaccine Optimism

  

  Oil prices rose on Thursday, supported by a positive investors’ sentiment regarding Coronavirus vaccines. The global benchmark, Brent crude futures rose above the $50 a barrel mark for the first time since March, adding $1.53, or 3.13%, to settle at $50.39 per barrel. Meanwhile, the US benchmark West Texas Intermediate …

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• 10 December 2020 10:43 pm

  Gold Settles Lower Following ECB Meeting

  

  Gold prices settled lower on Thursday, despite the decline of the US Dollar (USD), amid improved investors’ sentiment and anticipation for new Coronavirus vaccines and the outcomes of Brexit talks. The decline also comes following the European Central Bank’s (ECB) decision to expand its stimulus program and maintain interest rates. …

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• 10 December 2020 10:27 pm

  Airbnb to Double Share Price in IPO

  

  Airbnb is expected to double its share price in its initial public offering (IPO) debut on Thursday, CNBC reported. Shares, priced at $68 on Wednesday, are now forecast to go as high as $155.5 when the stock starts trading on the New York Stock Exchange (NYSE). This will raise the …

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• 10 December 2020 10:23 pm

  Lagarde: Economy to Operate Normally by End of 2021

  

  The President of the European Central Bank (ECB), Christine Lagarde, said on Thursday that the decision to extend the ECB stimulus program comes as the Eurozone is expected to achieve herd immunity from the Coronavirus, helping the economy operate normally, by the end of 2021, the Guardian reported. “We have …

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• 10 December 2020 10:00 pm

  AUD/USD Rises to Highest Level in Two and Half Years

  

  The Australian Dollar (AUD) rose on Thursday against its US counterpart (USD) to reach its highest level since June of 2018. The AUD/USD pair is trading higher for the day by around 1.1% at 0.7528. The pair has been moving throughout the day in a range between 0.7427 and 0.7533, …

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• 10 December 2020 9:52 pm

  Mnuchin to Recommend Selling $700m Loan to Successor

  

  The United States Treasury Secretary, Steven Mnuchin, said on Thursday that he will recommend to the next administration to consider selling the $700 million emergency government loan to YRC Worldwide at a profit. “We’ve been fortunate that the economy recovered, and that the equity is doing well and I am …

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• 10 December 2020 9:49 pm

  BoE Eases COVID-19 Restrictions

  

  The Bank of England (BoE) has decided to ease some of the restrictions that it imposed on the banking sector to help face the economic consequences of the Coronavirus (COVID-19) pandemic. After suspending dividends, bonuses, and share buy-backs until the end of 2020, the BoE has told Britain’s largest banks …

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• 10 December 2020 9:29 pm

  WTI Hits Fresh Eight-Month High

  

  The West Texas Intermediate (WTI) crude futures rose during Thursday’s trade to their highest level in about eight months, since early March. WTI is up by 3.84% or $1.75, trading at $47.27 a barrel. A recent agreement between members of the OPEC+ alliance to raise output by much less than …

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• 10 December 2020 8:00 pm

  European Stocks Close Lower Following ECB Meeting

  

  European stocks closed lower on Thursday, following the European Central Bank’s (ECB) decision to expand its stimulus program and amid uncertainty surrounding post-Brexit trade talks between the European Union (EU) and the United Kingdom (UK). The STOXX Europe 600 index finished lower by 0.4%, despite a positive performance by oil …

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• 10 December 2020 6:20 pm

  ECB Maintains Rates and Expands Stimulus

  

  The European Central Bank (ECB) has decided on Thursday to maintain interest rates unchanged, expecting its rates to remain at their present or lower levels until it has seen the inflation outlook robustly converge to a level sufficiently close to, but below, its 2% target. Moreover, the ECB board decided …

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• 10 December 2020 5:42 pm

  US Annual Core CPI Stays Unchanged in November

  

  Inflation in the US, as measured by the Consumer Price Index (CPI), was 0.2% in November, the report published by the US Bureau of Labor Statistics showed on Thursday. On a yearly basis, the CPI stayed unchanged at 1.2%. Further details of the publication showed that the Core CPI, which …

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• 10 December 2020 5:40 pm

  Unemployment Dropping in Turkey to The Lowest Level Since 2018

  

  According to data, unemployment in Turkey decreased to 12.7% in the third-quarter ending in September, as the economic movement accelerated between the first and second waves of the Coronavirus. The unemployment rate is the lowest since the end of 2018, when the currency crisis pushed the economy into recession. Unemployment …

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• 10 December 2020 5:37 pm

  Fitch Raises Its 2021 China Growth Forecast to 8% From 7.7%

  

  Credit rating agency Fitch raised its forecast this week for Chinese economic growth next year, based on increased domestic demand and expectations of a coronavirus vaccine deployment. Fitch now expects China’s GDP to expand 8% in 2021, up from the 7.7% forecast in September. “This would be much higher than …

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