Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2020

• 30 November 2020 1:41 pm

  European Shares Fall at The End of a Glorious Month

  

  The benchmark index of European stocks opened lower on Monday, November 30, amid a focus on negotiations over the Brexit deal, but it is still on track to record its best monthly performance ever thanks to the prospect of easing coronavirus restrictions and the hopes of a Covid-19 vaccine. After …

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• 30 November 2020 1:14 pm

  OPEC+ Trying to Solve The Balance Dilemma in Its Two-Day Meeting

  

  Crude oil futures were trading lower on Monday morning, with markets closely watching the results of the two-day meeting of OPEC and its allies, known as OPEC +, in which the next steps for production policy are discussed. The meeting may start at 13:00 GMT Monday. Russia has not yet …

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• 30 November 2020 6:52 am

  Weekly Recap 23-27 Nov

  

  Despite the promising news about the Corona vaccine, markets are still turbulent with the increase in Corona cases around the world and the imposition of new measures to limit the spread of the virus, which affects the entire market in turn. Oil rose more than 30% from its lowest level …

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• 28 November 2020 1:02 am

  Unemployment in Brazil Rises to Highest Level on Record

  

  The unemployment rate in Brazil increased to its highest level ever, official data showed on Friday. The unemployment rate in the three months to September increased to 14.6% from 14.4% in the three months to August. Meanwhile, the number of unemployed rose to another record of 14.1 million from 13.8 …

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• 28 November 2020 12:56 am

  Oil Ends Mixed in Anticipation for OPEC Summit

  

  Oil prices ended Friday on a mixed note, awaiting the upcoming OPEC summit. Brent crude futures for January delivery rose by 38 cents, or 0.8%, to close at $48.18 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for January delivery closed lower by 18 cents, or 0.8%, at …

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• 28 November 2020 12:47 am

  Gold Records Biggest Weekly Decline in Two Months

  

  Gold prices plunged on Friday, ending the week with the biggest losses in about two months. Gold futures for February delivery declined by $23.10, or 1.3%, to settle at $1,788.10 per ounce. Meanwhile, gold futures for December delivery finished lower by $23.60, or 1.3%, to close at $1,781.90 per ounce. …

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• 27 November 2020 9:50 pm

  European Stocks End Week in Gains

  

  European stocks closed higher on Friday, wrapping up a week of gains on the back of positive news about Coronavirus vaccines. The STOXX Europe 600 index gained 0.41%, to close at 393.23 points, registering weekly gains of around 0.5%. In France, the French CAC40 index added 0.56%. Meanwhile, the UK’s …

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• 27 November 2020 6:36 pm

  USD Nears Another Weekly Loss

  

  The US Dollar (USD) is set to record weekly losses after continuing to decline on Friday, amid improved risk appetite among investors. The Dollar Index (DXY), which measures the USD performance against a basket of six major international currencies, is down by 0.10% at 91.90. The index has been moving …

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• 27 November 2020 6:28 pm

  Germany to Raise COVID-19 Stimulus Spending

  

  The German government plans to increase Coronavirus aid for companies to about EUR 4.5 billion per week next month, according to an official statement picked up by Reuters. “Cohesion and solidarity are hence the imperative of the hour,” said the Economy Minister Peter Altmaier. “We will not leave our companies …

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• 27 November 2020 6:22 pm

  Brazilian Economy Creates Record Number of Jobs

  

  The Brazilian economy has created a record number of jobs during October, according to recent dat. A net 394,989 formal jobs were created last month, according to recently released figures by the Brazilian economy ministry. This is the fourth consecutive month in which the largest economy in South America has …

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• 27 November 2020 6:18 pm

  Gold Declines amid Strong Correction

  

  After a slight rebound on Thursday, Thanksgiving holiday in the United States, it seems that the yellow metal’s correction wave is far from over. Gold futures are seeing negative performance with large losses on Black Friday, on the road to record its biggest weekly decline in about two months. Positive …

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• 27 November 2020 6:05 pm

  Chinese Industrial Profits Increasing at Fastest Pace Since Early 2017

  

  Profits for Chinese industrial companies rose in October for the sixth consecutive month and reached the fastest pace since early 2017, indicating a strong recovery in the manufacturing sector after being hit hard by the Covid-19 pandemic. According to data from the National Bureau of Statistics on Friday, profits of …

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• 27 November 2020 5:57 pm

  Gold Plummets to Fresh Multi-Month Lows

  

  The precious metal came under sudden selling pressure against the US dollar, falling to its lowest level since July at 1782.28. There is not much fundamental catalyst behind this move but the technical selling could arise below the psychological level of $1800.

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