Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2020

• 6 July 2020 2:27 pm

  Euro in Recovery Thanks to Germany

  

  Euro posted gains at the start of the European session on Monday; these gains come after reliable German data and coronavirus stimulus plan. The EUR/USD pair reached 1.1298 at 10:15 GMT, with an increase of 0.46%, while Euro rose against British pound to 0.904, by 0.35% German factory orders increased …

  Read More »
• 6 July 2020 2:07 pm

  Eurzone Sentix Investor Confidence at -18.2

  

  Data from Sentix Research Group showed on Monday that investor confidence in the Eurozone improved less than expected in July. The index rose to -18.2 in July from -24.8 in June compared to -10.9 expected. The gauge rises to -18.2 in July from -24.8 in June vs a reading of …

  Read More »
• 6 July 2020 1:01 pm

  Forex Today: Covid-19 Dominates The Market

  

  The markets were optimistic after headlines from China which gave optimism to share, the rise of Asian shares, in turn, raised the S&P 500, which affects USD and the safe haven. Coronavirus cases continue to increase at an alarming rate in US. US: GS is not optimistic about the US …

  Read More »
• 6 July 2020 12:24 pm

  UK govt: Considering The Impact of US Additional Sanctions Against Huawei on UK Networks

  

  According to Reuters, US sanctions designed to restrict the ability of China’s Huawei to source advanced microchips for 5G equipment is likely to have a significant impact on the reliability of the supplier, citing Britain’s culture minister on Monday. A review released by the UK’s National Cyber Security Centre (NCSC) …

  Read More »
• 6 July 2020 11:31 am

  IFO: German Companies See Their Survival Threatened by Covid-19 crisis

  

  Germany’s influential IFO said on Monday, about one fifth (21%) of the German companies see their survival threatened by the coronavirus crisis. Quotes “Travel agents, hotels and restaurants are particularly concerned.” “We could see a wave of insolvencies in the coming months.”

  Read More »
• 6 July 2020 10:43 am

  German Factory Orders Rebounded in May

  

  German factory orders jumped 10.4% in May MoM, indicating that the contraction in Europe’s largest economy is slowing down.Data released by the Federal Statistics Office on Monday showed that contracts for goods “made in Germany” jumped 10.4% MoM compared to +15.0% expected and -25.8 previous. On an annualized basis, German …

  Read More »
• 6 July 2020 10:19 am

  Asia Shares Jump to Five-Year Peak

  

  Asian Shares reached a 4-month high on Monday as traders acted on the revival of Chinese activity to support the global economic growth, despite the high number of Covid-19 cases in US that had delayed the reopening of the economy. MSCI’s Asia Pacific Index outside Japan fell 1.5% to its highest …

  Read More »
• 4 July 2020 2:04 am

  COVID-19 Updates: Cases Exceed 11 M

  

  The number of coronavirus disease (COVID-19) cases has exceeded 11 million on Friday, Reuters reported. The disease has resulted in more than half a million fatalities in seven months. The US registered more than 55,400 new cases on Thursday, a new daily worldwide record. The World Health Organization (WHO) recently …

  Read More »
• 4 July 2020 1:05 am

  Spain Sets New Deal for Reactivating Economy

  

  The Spanish government signed an agreement with business leaders and unions on Friday to reactivate the economy and create job opportunities, local paper El Pais reported. The agreement includes a support plan of EUR 40 billion for business loans aimed at funding the digital transformation of Spanish companies and businesses. …

  Read More »
• 4 July 2020 12:08 am

  Knot: COVID-19 Needs Fiscal Response

  

  Monetary policy should not be the main line of defense for Europe against the economic impact of the coronavirus disease (COVID-19) pandemic, said Klaas Knot, the Governor of the Dutch Central Bank. Knot, who is a member of the European Central Bank (ECB) Governing Council, said that a strong fiscal …

  Read More »
• 3 July 2020 11:16 pm

  Ripple Facing Lawsuits for Selling XRP in Securities Offering

  

  Ripple is being sued for selling its XRP token in an unregistered securities offering, the Coin Telegraph reports. A number of class-action lawsuits have been reportedly filed against Ripple in recent months. In addition, former Chairman of the Commodity Futures Trading Commission (CFTC), Chris Giancarlo, is arguing in a recently …

  Read More »
• 3 July 2020 9:42 pm

  French President Macron Names New PM

  

  Jean Castex will lead a new French government, after being named by President Emmanuel Macron as prime minister. Macron, who was elected in 2017, promised a cabinet reshuffle in recent days to focus on recovery from the negative economic impacts of the COVID-19 pandemic. The new Prime Minister of France, …

  Read More »
• 3 July 2020 9:09 pm

  European Stocks Post 1.8% Weekly Rise

  

  European stocks declined on Friday, despite recent PMI data showing recovery signs in the Eurozone, as well as the in the US and China. The pan-European STOXX Europe 600 index closed down by 0.93% at 364.86, but up by 1.83% for the week, despite giving up some of its gains …

  Read More »