Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2020

• 28 August 2020 4:20 pm

  British Business Confidence Improving

  

  A survey showed that British business confidence has increased but remains well below its usual levels as the economy struggles to cope with social distancing and employers prepare to cut jobs. The Lloyds Bank’s corporate measure rose eight points to -14, the largest monthly rise in three years and optimism …

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• 28 August 2020 4:10 pm

  Eurozone Economic Sentiment Rose in August

  

  A survey published by the European Commission revealed that economic sentiment in the Eurozone rose in August for the fourth consecutive month after a record decline stemming from lockdown measures aimed at slowing the spread of Covid-19 in March and April. And while the monthly index measuring confidence in the …

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• 28 August 2020 3:08 pm

  Economic Confidence in Turkey Increased by 4.4% in August

  

  Data from the Turkish Statistical Institute showed that the country’s economic confidence index rose 4.4% on a monthly basis in August to 85.9 points, recording a recovery for the fourth month in a row from low levels resulting from measures to combat the Coronavirus. Economic activity fell sharply in March …

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• 28 August 2020 2:43 pm

  European Shares Drop on Lower Technology And Healthcare Stocks

  

  European shares fell as investors sold off technology and healthcare and bought bank shares, after the Federal Reserve (US Central Bank) unveiled a new framework for its policy. The pan-European STOXX 600 index fell 0.6%. Technology stocks, which have risen nearly 11% since the start of the year, fell 1.1% …

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• 28 August 2020 1:54 pm

  Gold is up 1% on Dollar’s Decline

  

  Gold rose about 1%, as the dollar fell while investors held signs of a policy of monetary easing issued by Jerome Powell, Chairman of the Federal Reserve Board (the US Central Bank). Spot gold rose 0.9% to 1946.55 dollars an ounce with the close of the Tokyo Stock Exchange, after …

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• 28 August 2020 12:54 pm

  Weak Consumer Sentiment in Germany Casts Some Doubt on a Strong Recovery

  

  A survey showed that consumer sentiment in Germany deteriorated towards September, casting some doubt on whether household spending in Europe’s largest economy is strong enough to lead a robust recovery from the Covid-19 crisis. The GFK said its consumer sentiment index, which is based on a survey of nearly 2,000 …

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• 28 August 2020 12:26 pm

  Nikkei Falls as Japan’s Prime Minister to Resign

  

  Japanese stocks fell by the most in nearly a month on news that Japanese Prime Minister Shinzo Abe will resign, putting an abrupt end to a stable government and policy mix of strong monetary and fiscal stimulus. The benchmark Nikkei index fell 2.65% during the session before closing 1.41% lower …

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• 28 August 2020 11:17 am

  Yen Jumps With Abe’s Resignation Causing a Political Blurry

  

  The yen jumped from its lowest level in two weeks, following news that Japanese Prime Minister Shinzo Abe is preparing to resign, while the dollar is struggling to make progress against other currencies as prospects for a prolonged low US interest rate weigh on the currency. A source close to …

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• 28 August 2020 10:54 am

  Japanese Prime Minister to Resign

  

  Reuters quoted a source as saying that Japanese Prime Minister Shinzo Abe has decided to resign. Japan Broadcasting Corporation TV (NHK) had previously reported that Abe, who has been suffering from ulcerative colitis for years, wanted not to cause problems to the government due to his deteriorating health.

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• 28 August 2020 10:47 am

  FX Option Expiries For Aug 28 NY Cut

  

  FX option expiries for Aug 28 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – USD/JPY: USD amounts          105.50 485m105.55 412m105.75 470m106.00 658m106.50 610m107.00 600m107.40 504m – USD/CAD: USD amounts         1.3145 537m  – NZD/USD: NZD amounts 0.6630 205m

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• 28 August 2020 10:00 am

  Oil Falls in Anticipation of a Limited Impact From Hurricane Laura

  

  Oil prices fell on Thursday (August 27th) as the market expects a rapid recovery of production platforms that were shut down by a hurricane across the Gulf of Mexico and the US state of Louisiana. Brent crude futures for October delivery, which expire on Friday, fell 55 cents, or 1.2%, …

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• 28 August 2020 1:57 am

  NYSE Closes Mixed Following Fed Remarks

  

  The New York Stock Exchange (NYSE) closed mixed on Thursday, after remarks by the US Federal Reserve suggested inflation could go above the 2% target. The Dow Jones Industrial Average rose by 0.57% to finish at 28,492.27 points. The S&P 500 index closed at another all-time high after rising by …

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• 28 August 2020 1:24 am

  Natural Gas Soars to Highest Level since November

  

  Natural-gas futures rose on Thursday to their highest level since November 2019, after the release of stockpiles data. Natural gas futures for September delivery rose by 12 cents, or 4.83%, and settled at $2.579 per million British thermal units (MBTU). This comes after data by the US Energy Information Administration …

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