Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2020

• 16 December 2020 12:50 pm

  API: Crude Stocks And a Sharp Increase in Distillates Last Week

  

  The American Petroleum Institute data said Tuesday that inventories of crude oil, gasoline and distillates in the United States increased at the fastest pace in the latest week. Crude inventories rose by 2 million barrels in the week ending on December 11, to about 495 million, compared with analysts’ expectations …

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• 16 December 2020 12:29 pm

  Gold Reaches Its Highest Level in a Week Due to Bets on US Stimulus And Anticipation of The Fed’s Decision

  

  Gold prices rose on Wednesday, December 16th, to their highest level in a week, as the yellow metal was based on a rise in the previous session thanks to hopes for more US stimulus, while investors awaited the US Federal Reserve’s policy decision. Spot gold rose 0.1% to $1854.51 an …

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• 16 December 2020 3:38 am

  US Treasury Yields Rise Ahead of Fed Statement

  

  Treasury yields in the United States rose on Tuesday, one day ahead of releasing the next Federal Reserve policy statement, which is set to be the last of the year. Return on the 10-year Treasury note increased by 3 basis points to 0.921%. The yield on the 30-year Treasury bond …

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• 16 December 2020 1:27 am

  Oil Maintains Best Levels Since March

  

  Oil prices surged on Tuesday, to close at its highest level since March, amid rising optimism about the rollout of Coronavirus vaccines. In addition, hopes for a new stimulus package in the United States helped support crude prices during the second session of the week. Brent crude futures for February …

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• 15 December 2020 11:30 pm

  Gold Finishes at Highest Level in Week

  

  Gold prices rose on Tuesday to close at their highest level in a week, despite improved investors’ sentiment due to positive news about new Coronavirus vaccines. Gold futures for February delivery gained $23.20, or 1.3%, to settle at $1,855.30 per ounce. This is the best closing level for the yellow …

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• 15 December 2020 10:30 pm

  What to Expect from the Upcoming Fed Meeting?

  

  The upcoming Federal Reserve meeting is expected to link the future of the bond-buying program to the measures of employment and inflation, but without any immediate action, a recent survey by Bloomberg showed. The majority of the surveyed analysts expect the new guidance to be approved next Wednesday, while most …

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• 15 December 2020 9:35 pm

  US Capacity Utilization Rises in November

  

  Manufacturing capacity utilization in the United States increased to 72.6% in November from 72% in October, data by the US Federal Reserve showed on Tuesday. Total utilization increased to 73.3%. Meanwhile, utility output decreased by 4.3% last month, while mining output increased by 2.3%.

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• 15 December 2020 8:42 pm

  European Stocks Close Mostly Higher

  

  European stocks finished Tuesday higher, supported by optimism about the new Coronavirus vaccines. The STOXX Europe 600 index rose by 0.35%. Meanwhile, the UK’s FTSE100 declined by 0.28%, amid anticipation for the outcomes of Brexit trade talks. In France, the CAC40 index gained 0.18% to close at 5,537.8. The German …

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• 15 December 2020 8:37 pm

  US Manufacturing Output Rises in November

  

  Manufacturing output in the United States grew by 0.8% in November, according to data by the Federal Reserve on Tuesday. The October reading was revised up to a 1.1% increase, up from a previously estimates 1%. The increase is largely thanks to the surge in the production of motor vehicles …

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• 15 December 2020 7:49 pm

  Canada’s Manufacturing Sales Increase in October

  

  Manufacturing sales in Canada increased by 0.3% to $54.1 billion in October, data by Statistics Canada showed on Tuesday. The September reading was revised to show a rise of 2.2%, compared with a previous estimate of a 1.5% increase. On an annual basis, manufacturing sales declined by 5.2%. The rise …

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• 15 December 2020 7:35 pm

  US Import Prices Rise in November

  

  The price of import prices in the United states rose by 0.1% in November, according to data by the US Department of Labor on Tuesday. This comes following a decline of an equal value during October. On an annual basis, import prices decreased by 1%, repeating the reading of the …

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• 15 December 2020 6:35 pm

  US: Industrial Production Rises by 0.4% in November

  

  Industrial Production in the United States expanded by 0.4% on a monthly basis in November, the US Federal Reserve reported on Tuesday. This print followed October’s increase of 0.9% and came in slightly better than the market expectation of 0.3%.

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• 15 December 2020 5:48 pm

  Euro Rising as US Dollar Negatively Affected by US stimulus Bets, Pound Falls

  

  The euro held on to its gains on Tuesday, December 15th, as it hovered close to its highest level in two and a half years as investors ignored new general isolation measures to combat Covid-19 virus and focused on the possibility of applying more US stimulus, which would negatively affect …

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