Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2020

• 29 September 2020 10:38 am

  PBOC Fixes Yuan Mid-Point Against USD at 6.8171

  

  People Bank of China fixed the Yuan Mid-Point against the US dollar At 6.8171 (est 6.8133). China’s central bank is also to inject 100 bln yuan via 14-day reverse repos. The fixing restricts the onshore yuan’s daily moves to 2% on either side of it

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• 29 September 2020 10:36 am

  FX Option Expiries For Sept 29 NY Cut

  

  FX option expiries for Sept 29 NY cut at 10:00 Eastern Time, via DTCC, can be found below. EUR/USD: EUR amounts 1.1600 512m USD/JPY: USD amounts 104.75 376m105.00 2.6bn105.10 375m105.30 685m105.32 444m105.35 404m NZD/USD: NZD amounts 0.6580 343mEUR/GBP: EUR amounts 0.9155 571m

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• 29 September 2020 1:39 am

  Wall Street Closes on Large Gains

  

  The New York Stock Exchange (NYSE) closed higher on Monday, starting the week with huge gains amid improved investors sentiment amid anticipation for a new stimulus package in the United States. Energy, tech, and banks stocks led the gains on the first session of the week supporting the rise of …

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• 29 September 2020 1:31 am

  Oil Closes Higher on Stimulus Hopes

  

  Oil prices closed higher on Monday, amid increased hopes for a new economic stimulus package in the United States. However, rising concerns about the increasing number of COVID-19 cases in many countries limited the gains of crude prices. Brent crude futures closed higher by 51 cents, or 1.22%, at $42.43 …

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• 29 September 2020 12:30 am

  DXY Near Closing in Losses

  

  The US Dollar is declining across the board against major currencies on Monday, amid selling pressures. The Dollar index (DXY), which measures the performance of the USD against a basket of six international currencies, is down by 0.39% for the day at 94.28. The index, which closed last week at …

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• 29 September 2020 12:26 am

  US Treasury Yields Maintain Its Level

  

  The United States treasury yields stabilized on Monday, despite the rise of stock markets, amid increasing demand for safe havens. Return on the 10-year Treasury note remained almost unchanged at 0.661%. Yields on the 30-year bonds increased by 1.8 basis points to 1.423%. Meanwhile, the two-year note yield maintained its …

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• 29 September 2020 12:23 am

  Gold Settles Higher as USD Declines

  

  Gold prices closed higher on Monday, rising in the first session of the week as the US Dollar (USD) declined across the board against major currencies. In addition, political uncertainties and the rising number of COVID-19 cases in many countries are spurring demand for safe havens. Gold futures for December …

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• 28 September 2020 10:21 pm

  Fed’s Mester: More Actions Needed for Recovery

  

  President of the Federal Reserve Bank of Cleveland, Loretta Mester, said on Monday that the US economy needs more actions to guarantee its recovery from the impacts of the Coronavirus (COVID-19) “Opportunity and inclusion are important for achieving a strong economy.”“Unless actions are taken to promote an inclusive economy, the …

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• 28 September 2020 10:08 pm

  European Stocks Open the Week with Big Gains

  

  European stocks closed higher on Monday, opening the week with strong gains. The STOXX Europe 600 index gained 2.2% and closed at the level of 363.39 points, supported by a strong rebound from bank stocks. In the UK, the FTSE100 index finished the first session of the week higher by …

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• 28 September 2020 8:26 pm

  EUR/GBP Testing 0.9070

  

  The Euro (EUR) is declining against the British Pound (GBP) is down by 0.57% for the day, trading 0.9072, amid the strength of the latter. The pair opened Monday at the level of 0.9094 after closing last week at 0.9125. EUR/USD is moving in a range between 0.9025 and 0.9126, …

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• 28 September 2020 8:15 pm

  USD/JPY Stable Near 105.5

  

  The US Dollar (USD) is showing stability against the Japanese Yen (JPY) despite mostly weakness across the board. The USD/JPY is trading at 105.55, marginally lower for the day by 0.03%. The pair has been moving in a range between 105.270 and 105.690. After closing last week at 105.58, the …

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• 28 September 2020 8:07 pm

  GBP/USD Shows Strong Performance Above 1.200

  

  The British Pound (GBP) is surging in front of the US Dollar (USD) on Monday, opening the week with a strong performance amid a relevant decline by the USD. The GBP/USD is trading higher for the day by 0.88% at 1.2858 after opening today at 1.2745, a little below its …

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• 28 September 2020 7:18 pm

  Texas Production Activity Expands in September

  

  The Texas factory production index increased by nine points to 22.3 in September, its highest reading in two years, according to data by the Texas Manufacturing Outlook Survey. This is the fourth consecutive monthly increase for the index, signaling recovery from the impacts of the COVID-19 pandemic. Meanwhile, future production …

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