Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2020

• 29 October 2020 1:21 pm

  Japan Stocks Decline to Lowest Levels in a Month

  

  Japanese stocks fell to their lowest levels in a month today, Thursday, under the weight of fears about new closures to combat the Coronavirus in Europe, but the optimistic expectations of companies during the results season limited the losses. The benchmark Nikkei index closed 0.37% at 23,331.94 points. The Nikkei …

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• 29 October 2020 12:07 pm

  PBOC Sets Yuan Reference Rate at 6.7195

  

  The People’s Bank of China (PBOC) has set the yuan reference rate at 6.7260 versus Wednesday’s fix at .

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• 29 October 2020 12:02 pm

  FX Option Expiries For Oct 29 NY Cut

  

  FX option expiries for Oct 29 NY cut at 10:00 Eastern Time, via DTCC, can be found below. EUR/USD: EUR amounts 1.1700 785m1.1720 718m1.1750 869m1.1770 545m USD/JPY: USD amounts 103.60 1.0bn104.00 1.8bn104.50 385m104.75 523m105.16 424m105.25 1.3bn USD/CAD: USD amounts 1.3325 530m EUR/GBP: EUR amounts 0.9000 484m0.9050 920m0.9110 697m

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• 29 October 2020 2:17 am

  Oil Prices Tumble on US Inventory Data

  

  Oil prices declined on Wednesday and finished at their lowest level since June, after data showed an increase in crude inventories in the United States. Data by the US Energy Information Administration (EIA) showed earlier today that crude oil stockpiles in the United States grew by 4.3 million barrels last …

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• 29 October 2020 1:48 am

  USD Rebounds Across the Board

  

  The US Dollar (USD) rose across the board on Wednesday, supported by an increased demand, amid a surge in new COVID-19 cases in many countries. The Dollar Index (DXY), which measures the USD performance against a basket of six major currencies, is up by 0.55% for the day at 93.45. …

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• 29 October 2020 1:18 am

  US Treasury Yields Fluctuate and Close on Little Changes

  

  Treasury yields in the United States stabilized on Wednesday, amid increasing concerns about the rising number of COVID-19 cases around the globe. The return on the 10-year Treasury bond increased by 0.2 basis point to 0.78%% The yield on the 30-year Treasury bond declined by 0.1 basis point to 1.57%. …

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• 29 October 2020 12:42 am

  Gold Settles at Lowest Closing Level in Month

  

  Gold prices declined on Wednesday to finish at their lowest level in about a month, as the US Dollar (USD) rose across the board amid concerns about the rising number of new COVID-19 cases. Gold futures for December delivery plunged by $32.70, or 1.7%, and closed at $1,879.20 per ounce. …

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• 28 October 2020 10:11 pm

  BoC Expects Canadian Economy to Grow by 4% in 2021

  

  The Bank of Canada (BoC) on Wednesday decided to maintain its target for the overnight rate at the effective lower bound of 0.25%, with the bank rate at 0.5%, and the deposit rate at 0.25%. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented by its quantitative easing …

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• 28 October 2020 9:10 pm

  European Stocks Hit Five-Month Low

  

  European stocks closed lower on Wednesday, registering huge losses on news that France and Germany are planning new lockdown measures to curb the new wave of the Coronavirus (COVID-19) pandemic. STOXX Europe 600 index plunged by 2.95% to close at 342.17, its lowest level since late May. The UK’s FTSE100 …

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• 28 October 2020 6:38 pm

  BoC Maintains Main Rate at 0.25%

  

  The Bank of Canada (BoC) on Wednesday decided to maintain its key interest rate unchanged at a 0.25%, in line with market expectations. BoC is expected to maintain the record low rate for about two years, as the Canadian economy recovers from the impact of the Coronavirus (COVID-19) pandemic.

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• 28 October 2020 6:35 pm

  German Economy to Grow During Q3 of 2020

  

  Germany’s Minister of Economy, Peter Altmaier, said on Wednesday that the largest economy in Europe is expected to perform better than expected during the third quarter (Q3) of 2020. Meanwhile, the DIW institute expects the German gross domestic product (GDP) will grow by 6% in Q3 of the year, recovering …

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• 28 October 2020 6:11 pm

  US Stocks Drop as Economic Outlook Deteriorates On Covid-19

  

  Major US stock indices opened lower on Wednesday as Corona virus infections grew at an alarming rate in the United States and Europe, dashing hopes for a speedy recovery for the global economy. The Dow Jones Industrial Average fell 361.05 points, equivalent to 1.31%, to 27,102.14 points, and the S&P …

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• 28 October 2020 6:09 pm

  US Wholesale Inventories Decline in September

  

  Wholesale inventories in the United States declined last month on a monthly basis by 0.1%, preliminary data by the US Census Bureau showed on Wednesday. On an annual basis, wholesale inventories decreased by 4.5% during September, reaching a seasonally adjusted $634.8 billion. As for retail inventories, a 1.6% monthly rise …

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