Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2020

• 11 November 2020 12:34 pm

  API: A Sharp Decline in Crude And Gasoline Inventories in the United States Last Week

  

  Data from the American Petroleum Institute on Tuesday showed that crude oil inventories in the United States fell sharply last week. Crude stocks fell by 5.1 million barrels in the week ending on the sixth of November to about 482 million barrels, while analysts polled by Reuters had expected a …

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• 11 November 2020 11:45 am

  Oil Rising 3% on Vaccine Hopes Despite Lockdowns

  

  Oil prices jumped about 3% today, Tuesday, after hopes that a vaccine for Covid-19 looms on the horizon on concern about a drop in fuel demand due to new measures for public isolation to contain the Coronavirus Brent crude ended the world record for the nearest trading session maturity, up …

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• 11 November 2020 3:14 am

  Could the New European Budget Face the COVID-19 Crisis?

  

  The European Union (EU) and the European Parliament have agreed on the details of the next European budget with a total value of EUR 1.8 trillion, it was reported on Tuesday. The 2021-2027 EU budget will include a new recovery package for curbing the impact of the Coronavirus (COVID-19) crisis. …

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• 11 November 2020 2:00 am

  US Treasury Yields End Mostly Higher

  

  Treasury yields in the United States mostly increased on Tuesday. Return on the 10-year Treasury bonds rose by 1.3 basis points to 0.970%. Meanwhile, the 30-year bond yield increased by 0.9 basis point to 1.759%, its highest level since March. The two-year note yield remained nearly unchanged at 0.183%.

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• 11 November 2020 1:55 am

  Wall Street Ends Tuesday Mixed

  

  Wall Street showed a mixed performance on Tuesday, as the performance of the main indices of the New York Stock Exchange (NYSE) varied on positive news of a COVID-19 vaccine. While the Dow Jones recorded gains, the Nasdaq closed lower as investors moved away from tech stocks. The Dow Jones …

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• 11 November 2020 1:46 am

  Oil Maintains Gains; Brent Closes at $43.6 a Barrel

  

  Oil prices rose on Tuesday, for the second session in a row, supported by improved sentiment on the success of Coronavirus vaccine trials. Brent crude futures for January delivery increased by $1.21, or 2.9%, to close at $43.61 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for December …

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• 11 November 2020 1:09 am

  Gold Restores Some of its Monday Losses

  

  Gold prices rose on Tuesday, recovering some of its losses yesterday, which were the biggest in a single day in about seven years. Dropping gold prices in the first session of the week came amid high hopes for the success of the Coronavirus vaccine being developed by Pfizer and BioNTech. …

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• 11 November 2020 12:49 am

  Fed’s Daly: Economy Could Slow as COVID-19 Cases Rise

  

  President of the Federal Reserve Bank of San Francisco, Mary Daly, said on Tuesday that the United States economy could slow amid the increasing number of COVID-19 cases in the country, Reuters reported. “My modal outlook is that we will continue to expand at a gradual pace.”“When the virus is …

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• 10 November 2020 9:42 pm

  European Stocks Maintain Rising Streak

  

  European stocks maintained their upward trend on Tuesday, supported by positive news about a vaccine against the Coronavirus disease (COVID-19). The pan-European STOXX 600 index rose by 0.99%, while the UK’s FTSE100 ended higher by 1.79%. In France, the CAC40 index gained 1.55%, while the German index DAX finished up …

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• 10 November 2020 8:33 pm

  Fed’s Rosengren: US Economy Vulnerable Due to Corporate Debt

  

  The United States economy is more vulnerable due to rising debt levels by some companies prior to the Coronavirus crisis, according to the President of the Federal Reserve Bank of Boston, Eric Rosengren, said on Tuesday, Reuters reported. “Those segments of the labor market most affected by amplified business cycles, …

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• 10 November 2020 8:22 pm

  US Job Openings Rise Slightly in September

  

  Job openings in the United States showed a modest increase in September, as the market recovers from the impact of the COVID-19 crisis, data showed on Tuesday. The job openings rose by 84,000 to 6.4 million by the end of September, according to the U.S. Department of Labor’s monthly Job …

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• 10 November 2020 8:15 pm

  USD/CAD Stabilizes Awaiting Moving Factors

  

  The Canadian Dollar (CAD) declined against the US Dollar (USD) on Tuesday, after rising on Monday to its highest level in about two years, before recovering some of its earlier losses. The USD/CAD pair is trading lower for by 0.02% at 1.3004. The pair has been moving in a range …

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• 10 November 2020 7:28 pm

  GBP Rises on Renewed Hopes for Brexit Deal

  

  The British Pound (GBP) is rising on Tuesday, supported by optimism about the United Kingdom (UK) and the European Union (EU) reaching a trade agreement for the post-Brexit stage. Significant progress has been achieved in trade talks, according to recent remarks by the British Minister of Finance, Rishi Sunak. The …

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