Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2020

• 16 November 2020 12:28 pm

  Chinese Industrial Production Rose 6.9% in October YoY

  

  Chinese industrial production rose faster than expected in October, while retail sales continued to recover, albeit at a slower pace than expected, as the world’s second-largest economy emerged from the recession that accompanied the spread of the Coronavirus. Data from the National Bureau of Statistics showed that Chinese industrial production …

  Read More »
• 16 November 2020 4:07 am

  Weekly Recap 9-13 Nov

  

  The second week of November saw two major highlights. First, it was over the past weekend that it became clear that the Democratic nominee and Former Vice President Joe Bides will be the next President of the United States after winning the elections. A projected win in the state of …

  Read More »
• 14 November 2020 2:16 am

  Oil Limits Weekly Gains on US Inventories Rise

  

  Oil prices declined on Friday after data showed a surprise buildup in American crude inventories yesterday, and amid the rise in new Coronavirus cases in many countries, especially in the United States. However, oil futures recorded high weekly gains, supported by positive news about a Coronavirus vaccine at the beginning …

  Read More »
• 13 November 2020 11:06 pm

  Gold Limits Weekly Decline to 3%

  

  Gold prices rose on Friday, recovering some of its losses earlier in the week that saw the announcement of the success of a new Coronavirus vaccine being developed by Pfizer and BioNTech. Gold futures for December delivery rose by $12.90, or 0.7%, and settled at $1,886.20 per ounce. For the …

  Read More »
• 13 November 2020 10:22 pm

  Brazil Real to Recover With Foreign Investments

  

  The Brazil Real (BRL) is set to recover some ground against the US Dollar (USD) as soon as foreign investors are confident in the country’s economy, according to the Brazilian Minister of Economy Paulo Guedes, Reuters reported. “When will the exchange rate go down? When there is success to attract …

  Read More »
• 13 November 2020 10:18 pm

  Fed’s Williams: Coronavirus Cases Tests Recovery

  

  The President of the Federal Reserve Bank of New York, John Williams, said on Friday in an interview with the Financial Times that the United States economy is recovering but remains in a deep hole. “The very large rise in COVID cases recently clearly puts a question mark on the …

  Read More »
• 13 November 2020 9:52 pm

  BoE: Not Responsible for Protecting Bank Business Models

  

  It is not the job of the Bank of England (BoE) to protect the business models of banks, said the Deputy Governor of the BoE, Jon Cunliffe, commenting on the future impact of digital currencies, Reuters reported. “Banks will have to adjust. Our job is to ensure that if bank …

  Read More »
• 13 November 2020 9:31 pm

  European Stocks Settle on Weekly Gains

  

  European stocks ended Friday nearly unchanged, but was able to record a weekly rise, supported by positive news earlier in the week about the success of a Coronavirus vaccine. The pan-European STOXX 600 index added 0.20 points but gained about 3.5% for the week.

  Read More »
• 13 November 2020 9:23 pm

  Fed’s Harker: Recovery Will Take Time

  

  President of the Federal Reserve Bank of Philadelphia, Patrick Harker, said on Friday that the United States economy would take some time to return to its pre-crisis levels. The Coronavirus pandemic has exacerbated inequality and accelerated automation, he added. “We’re not just going to snap right back to the previous …

  Read More »
• 13 November 2020 7:35 pm

  DXY Showing Fluctuations and Moves to Decline

  

  The US Dollar (USD) is showing a mixed performance on Friday across the board, with rising concerns about the increasing number of COVID-19 cases in the United States. The Dollar Index (DXY), which measures the USD performance against a basket of six major international currencies, is down by 0.15% at …

  Read More »
• 13 November 2020 6:08 pm

  OPEC+ Compliance With Oil Production Cuts in October at 101%

  

  Two OPEC + sources told Reuters on Friday that the producer group’s compliance with the October oil production cuts is expected to reach 101 percent.

  Read More »
• 13 November 2020 5:32 pm

  Fed’s Williams: We Are Still in an Extraordinary Situation With COVID

  

  Regarding the fiscal policy and additional stimulus, New York Federal Reserve President John Williams noted that they are still in an extraordinary situation with the coronavirus outbreak, as reported by Reuters. “Fed’s inflation target will call for inflation going modestly above 2% for some period of time.”“Climate change is a …

  Read More »
• 13 November 2020 5:14 pm

  The G20 ِAgrees on a Framework For Structuring Debt in The Future

  

  The Group of Twenty (G20) finance ministers agreed for the first time on Friday on a new joint framework for restructuring government debt in anticipation that the coronavirus crisis could lead some poor countries to need significant debt forgiveness. Large creditors, including China, are expected to follow common guidelines that …

  Read More »