Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2020

• 26 November 2020 7:50 pm

  European Stocks Close Marginally Lower

  

  European stocks closed lower on Thursday, continuing to trade marginally lower. The pan-European STOXX 600 index finished lower by 0.03%. The UK’s FTSE100 declined by 0.44%, while the German DAX ended the session’s lower by 0.02%. Similarly, the French CAC40 index decreased by 0.08%.

  Read More »
• 26 November 2020 5:52 pm

  Bitcoin Hits Its Lowest Level in 10 Days

  

  Bitcoin slumped to its lowest level in 10 days, halting its sharp rally and sparking sell-off among smaller cryptocurrencies. The world’s largest cryptocurrency fell 13% to its lowest level since November 16 and was last down 9% to $ 17,074, a sharp correction from its three-year high of $ 19,521 …

  Read More »
• 26 November 2020 4:53 pm

  Turkey Net Foreign Exchange Reserves Rose to $18.4 Billion Last Week From $16.4 Billion

  

  Data showed that the net foreign reserves of the Turkish Central Bank amounted to 18.45 billion dollars on November 20, up from 16.43 billion dollars a week earlier when it reached its lowest level since March 2004. The exchange rate used by Reuters today is 7.6699 compared to 7.7896 the …

  Read More »
• 26 November 2020 4:02 pm

  Oil Stops Rising Due to Signs of Growing Supplies

  

  Oil fell from its highest level in seven months Thursday, November 26, as signs of growing supplies helped halt a rise led by optimism that demand for fuel would recover thanks to coronavirus vaccines. Brent crude futures rose to about $ 50 a barrel this week, after three major pharmaceutical …

  Read More »
• 26 November 2020 3:10 pm

  China Achieves 26% of Its 2020 Target For US Energy Imports Under The Trade Agreement

  

  China has ramped up imports of crude oil, propane and LNG from the United States since July, but total purchases of energy products through October are still well below the targets set for 2020 included in the Phase 1 trade agreement with Washington. According to Reuters calculations, which was based …

  Read More »
• 26 November 2020 2:40 pm

  European Stocks Rising on Tech But Virus Fears Capped Gains

  

  European stocks rose in early trade Thursday, November 26, but the gains were limited after sentiment was undermined by the extension of coronavirus-related restrictions in Germany and frustrating economic growth prospects for Britain. The European Stoxx600 index rose 0.1%, as technology and healthcare sectors led gains. The benchmark halted a …

  Read More »
• 26 November 2020 1:59 pm

  Japan Stocks Closed at Highest Level in More Than 29 Years

  

  Japanese stocks rose Thursday, November 26, to close at the highest level in more than 29 and a half years, as technology stocks went on the path of their American counterparts on the Nasdaq index, but the gains were limited by concerns about the latest restrictions to combat the Coronavirus …

  Read More »
• 26 November 2020 1:30 pm

  Dollar Declining With Warnings of a Further Decline

  

  The dollar fell on Thursday, November 26, as negative US economic data and optimism about coronavirus vaccines prompted investors to turn to more risky currencies associated with global commodities and emerging markets. The British pound traded near its highest level in more than two months against the dollar, as investors …

  Read More »
• 26 November 2020 12:24 pm

  Gold Rises as Stimulus Hopes Increased on US Data and Virus Fears

  

  Gold prices rose Thursday, November 26, supported by the dollar’s decline, as investors bet that the disappointing US jobs data and the increase in Covid-19 cases around the world are prompting the authorities to announce more stimulus measures. Spot gold rose 0.2% to $ 1809.61 an ounce. US gold futures …

  Read More »
• 26 November 2020 12:11 pm

  Oil at Its Highest Level Since March as Eyes Heading Towards OPEC+ Meeting

  

  Oil continues the series of gains in recent days, which pushed it to its highest level since March, and the sector is looking forward to an OPEC+ meeting at the end of November to discuss increasing production by two million barrels from January.

  Read More »
• 26 November 2020 11:35 am

  British Car Production Down 18% in October

  

  The Society of Motor Manufacturers and Traders in Britain said that Britain’s production of cars fell at an annual rate of 18.2% in October, as the Coronavirus pandemic and lockdown measures continued to affect demand. October’s performance rounds off an “extremely tough” 10 months for UK carmakers and suppliers, with …

  Read More »
• 26 November 2020 10:39 am

  Australia’s Private Capex Misses Estimates With -3% in Q3

  

  Australia’s Private Capital Expenditure fell more-than-expected in the third quarter, the latest data published by the Australian Bureau of Statistics (ABS) showed on Thursday. Total new capital expenditure fell by 3% in the September quarter 2020 vs. -1.5% expectations and a 5.9% slump witnessed in the June quarter.

  Read More »
• 26 November 2020 10:10 am

  The Nikkei is Down 0.16% in Early Trading in Tokyo

  

  The Nikkei index fell in early trading in Tokyo on Thursday. The Nikkei slipped 0.16% to 26,255.47 points, while the broader Topix index fell 0.39% to 1760.86 points.

  Read More »