Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2020

• 7 July 2020 11:03 am

  Oil Prices Remain Above $ 40

  

  Crude oil prices continued to trade above $ 40 a barrel, but the resulting fears of a growing number of Covid-19 cases around the world, especially the United States, are limiting the rise in oil prices. Brent crude contracts reached levels of $ 43.32 a barrel, up by 1.12% on …

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• 7 July 2020 10:38 am

  German Industrial Production Rebounds 7.8% MoM in May

  

  Official data coming from Germany on Tuesday showed that industrial production rebounded less than expected in May, despite confirming that the manufacturing sector in the largest European economy is gradually recovering from the recession resulting from the closure measures. Industrial output posted + 7.8% MoM, the Federal Statistics Authority Destatis …

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• 7 July 2020 10:02 am

  FX option expiries for July 7 NY cut

  

  FX option expiries for July 7 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1265 909m1.1275 590m1.1335 521m1.1345 1.2bn1.1450 521m – GBP/USD: GBP amounts         1.2650 250m – USD/JPY: USD amounts          107.00 401m  – AUD/USD: AUD amounts 0.6915 633m  – NZD/USD: NZD amounts 0.6520 676m 

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• 7 July 2020 2:01 am

  Nasdaq Closes at New Record High

  

  The New York Stock Exchange (NYSE) settled higher on Monday, amid an improvement in risk appetite among investors due to positive economic data and anticipation for a COVID-19 vaccine. The Dow Jones Industrial Index gained 459 points or 1.78% to settle at 26,287, and the S&P 500 index rose by …

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• 7 July 2020 1:49 am

  Oil Prices Settle Mixed on Monday

  

  Oil prices showed a mixed performance at the beginning of the week, with rising COVID-19 cases in the US casting their shadow on US crude, while expectations of a global demand recovery helped Brent crude finish Monday on a higher note. Global benchmark Brent crude oil futures for September delivery …

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• 7 July 2020 12:50 am

  Little Change Seen in Global Stocks by July 2021

  

  Global stocks are expected to remain mostly unchanged from their current levels by this time next year, according to a recent report by Citi bank, CNBC reported. This comes as bullish and bearish forces would cancel each other out. Citi remains overweight in the US and emerging market equities with …

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• 7 July 2020 12:06 am

  French Economy to Rebound during Q3

  

  The Central Bank of France is expecting the French economy to recover during the third quarter (Q3) of 2020. The second-biggest economy in the Eurozone could grow by an unprecedented 14% in Q3 of 2020, if business activity remains at the current levels, Reuters reported, citing forecasts by the central …

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• 6 July 2020 11:51 pm

  USA: Pandemic Aid Saved 51.1 M Jobs

  

  The US Department of Treasury and the Small Business Administration (SBA) announced that government support to businesses helped save 51.1 million jobs or 84% of the small business workforce. A total of $521.4 billion of financing to employers have already been approved, as part of a $660 billion COVID-19 pandemic …

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• 6 July 2020 11:34 pm

  Gold Settles Higher on Dollar Woes

  

  Gold prices rose on Monday, nearing its highest level in about a week, despite an increased risk appetite among investors. However, the rise in the yellow metal prices is mainly attributed to the Dollar’s decline. Gold futures for August delivery rose by $3.50, or 0.23%, to settle at $1,793.5 per …

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• 6 July 2020 11:28 pm

  Amazon Stock Hits New All-Time High

  

  The stock of Amazon is up by more than 5% for the day, trading above $3,037, as of 7:20 p.m. GMT. This is the first time for the Amazon share price to exceed $3,000. The online retailer is one of a few businesses that benefited from the COVID-19 pandemic, with …

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• 6 July 2020 10:35 pm

  BoC: Businesses in Canada Expect Weak Demand

  

  The overall Business Outlook Survey indicator fell sharply, with most constituent indicators declining to levels well below their historical averages, according to the Bank of Canada (BoC) Business Outlook Survey for the summer of 2020. Businesses in Canada expect weakness in domestic and foreign demand due to the effects of …

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• 6 July 2020 9:55 pm

  Stability Foreseen for Copper Prices in Q3 and Q4

  

  Market experts are expecting copper prices to stabilize during the second half (H2) of 2020, despite the surge it saw in the second quarter (Q2) of the year, CNBC reports. The three-month copper futures are trading, on the London Metal Exchange (LME), above $6,000 per ton since the end of …

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• 6 July 2020 8:38 pm

  European Stocks Close Higher on Positive Data

  

  European stocks closed higher on Monday, supported by a positive sentiment among investors, thanks to economic data signaling a near recovery in the Eurozone. The pan-European STOXX Europe 600 gained 1.55% and closed at 371.09. In the London Stock Exchange, main index FTSE100 added 2.1%. Benchmark French index CAC40 increased …

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