Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2020

• 27 July 2020 5:48 pm

  WTI finds support near $41, edges higher toward $42

  

  Crude oil prices rose last week as WTI rose 1.65%, but gains were limited by increased US-China tensions and market sentiment. Although WTI fell to $ 41 at the beginning of the week, it quickly reversed the trend and was last seen registering a 1% gain on the day to …

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• 27 July 2020 5:16 pm

  US Durable Goods Orders Increased by 7.3% in June

  

  Durable goods orders in the United States continued to rise in June, as the US Census Bureau reported on Monday that durable goods orders in the United States rose 7.3% MoM to $ 206.9 billion in June after an increase of 15.1% in May, better than forecasts of 7.2%. Excluding …

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• 27 July 2020 4:38 pm

  GBP/USD Climbs beyond mid-1.2800s

  

  The GBP/USD pair rose to nearly 5-month highs with a strong offered tone, to the 1.2875 region during the mid-European session on Monday. The US dollar started the week on the negative side, amid fears of a faltering economic recovery in the United States after the increase in new Covid-19 …

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• 27 July 2020 4:11 pm

  US Stocks Futures Higher

  

  US stocks are set to open higher on Monday and support comes from hope for the immediate delivery of the new fiscal stimulus during the busy week of corporate earnings and ahead of the Federal Reserve meeting S&P 500 futures are up 24 points or 0.8%, Nasdaq 183 or 1.7% …

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• 27 July 2020 3:21 pm

  Gold Hits Record High

  

  The price of gold has reached an all-time high, as concerns about the health of the recovery in the United States and the increasing signs of the second waves of Corona virus around the world have boosted demand for assets that no one can afford. Gold futures rose to $ …

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• 27 July 2020 2:52 pm

  French Jobless Total Drops in June

  

  Data from the French Ministry of Labor showed on Monday that France is experiencing the largest decrease in total unemployment as job seekers find part-time jobs. The ministry said the number of unemployment in government employment agencies decreased by 204,700 in June, the largest monthly drop ever to 4,220,900. The …

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• 27 July 2020 2:15 pm

  EUR/GBP Keep Modest Gains Above 0.9100

  

  The EUR/GBP gained some momentum on Monday and built on a good bounce last week with the common currency receiving support from the European Recovery Fund Agreement. The EUR/GBP shade some gains around 20 points during the European session, just above 0.9100. the pair built on a good bounce last …

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• 27 July 2020 1:39 pm

  Nikkei Falls to Its Lowest Level in a Week And Half

  

  Japanese stocks fell to their lowest levels in a week and a half on Monday, as concerns about the deterioration of relations between China and the United States caused a negative shift in investor sentiment. The 225-issue Nikkei Stock Average lost 35.76 points, or 0.16%, from Wednesday to close the …

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• 27 July 2020 12:58 pm

  USDCHF Off Multi-Years Lows

  

  Concern about the high of COVID-19, and the worsening relations between the United States and China affected the pair. The upbeat mood on the market undermined the CHF as a safe haven and helped reduce further losses. It appears that the USDCHF pair has now entered a bearish consolidation phase …

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• 27 July 2020 12:21 pm

  German IFO Business Climate Index Beats Estimates

  

  The headline German IFO Business Climate Index came in at 90.5 in July, better than last month’s 86.2 while beating the consensus estimates of 89.3. Meanwhile, the Current Economic Assessment arrived at 84.5 points in the same month as compared to last month’s 81.3 and 85.0 estimated. On the other …

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• 27 July 2020 11:49 am

  European Stocks Seen Higher

  

  European stock markets opened higher on Monday, supported by signs of recovery from China, along with the continued corporate earnings season. However, it gave up some of those gains with negative news about COVID-19 cases and tensions between the United States and China. At 06:05 GMT, DAX futures in Germany …

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• 27 July 2020 11:07 am

  Gold Hits Record High, Stocks Mixed

  

  The yellow metal rose to all-time high on Monday as relations between the United States and China deteriorated, sparking demand for the safe metal while market sentiment was mixed ahead of more earnings reports. Gold rose 1.6% to a record $ 1.943 an ounce, exceeding its peak in September 2011 …

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• 27 July 2020 10:28 am

  China Reports 61 New Covid-19 Cases

  

  The National Health Commission of China said on Monday that it had recorded 61 new infections with the COVID 19 up from 46 the previous day, adding that it had detected the most significant number of local infections with the virus since early March. The commission said the new number …

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