Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2020

• 4 December 2020 6:16 pm

  US Trade Deficit Rises 1.7% in October

  

  Trade deficit in the United States increased by 1.7% during October to $63.1 billion, data by the US Department of Commerce showed on Friday. The September reading was revised to $62.1 billion instead of an initially estimated $63.9 billion deficit. Imports grew by 2.1% to $245.1 billion, while exports went …

  Read More »
• 4 December 2020 5:46 pm

  Canada: Unemployment Rate in November Falls to 8.5%

  

  The Unemployment Rate in Canada declined to 8.5% in November from 8.9% in October, the data published by Statistics Canada showed on Friday. This reading beat analysts’ estimate of 8.9%.

  Read More »
• 4 December 2020 5:40 pm

  US Nonfarm Payrolls Rise by 245,000 in November

  

  Nonfarm Payrolls (NFP) in the US rose by 245,000 in November, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed October’s increase of 610,000 and missed the market expectation of 469,000 by a wide margin.

  Read More »
• 4 December 2020 5:31 pm

  Johnson: We Are at a Very Difficult Point in Talks

  

  British Prime Minister Boris Johnson’s spokesman said on Friday that it will not be possible to reach a deal with the EU if it doesn’t respect the UK’s fundamental principle of taking back control, as reported by Reuters. “PM will work at chequers this weekend, will be in contact with …

  Read More »
• 4 December 2020 4:49 pm

  China Comfortable With Yuan Rises as Economy Recovers

  

  Sources told Reuters that policymakers in China are comfortable with the yuan’s rise to its highest level in two and a half years, at a time when the recovery of the world’s second-largest economy accelerates and the central bank gives the market more freedom in determining the currency’s value. But sources …

  Read More »
• 4 December 2020 4:13 pm

  UK: New Car Registrations Slip by Only a Quarter in November

  

  New car registrations in Britain fell 27.4% year-on-year in November, industry data released on Friday said, as England spent most of November in its second national lockdown. The Society of Motor Manufacturers and Traders (SMMT) revealed this morning said that sales amounted to 113,781 cars, as an option to buy …

  Read More »
• 4 December 2020 3:52 pm

  Euro Breaking Through Resistance levels And Dollar Near Its Lowest Level in Two And a Half Years

  

  Today, Friday, the euro is heading towards recording its best weekly performance in a month and breaching large previous resistance levels as investors flock to bet that the US dollar will decline further as the world begins emerging from the Covid-19 pandemic. And the single European currency is up 1.5% …

  Read More »
• 4 December 2020 2:33 pm

  Gold on Track For a Weekly Gain

  

  Gold prices stabilized today, Friday, and is heading towards achieving its first weekly gain in 4 weeks, as the dollar retreated due to growing hopes for an American stimulus, and before the release NFP due at a later time. Today. The gold spot was little changed at $1840.75 an ounce, …

  Read More »
• 4 December 2020 1:50 pm

  Energy Sector Leads The Gains in European Equities

  

  European stocks rose on Friday, as energy stocks pushed the leading companies ’index in London to a nine-month high, while Bionics fell after Pfizer cut its target to distribute their Covid-19 vaccines. Britain’s FTSE 100 index gained 0.5% as energy shares advanced after a settlement was reached among OPEC+ members …

  Read More »
• 4 December 2020 12:57 pm

  German Industrial Orders Rose More Than Expected in October

  

  Data on Friday showed that German industrial goods orders increased more than expected on a monthly basis in October, raising hopes that the manufacturing sector in Europe’s largest economy started the fourth quarter of the year with a strong performance. Data published by the Federal Statistics Office show that orders …

  Read More »
• 4 December 2020 12:44 pm

  Nikkei Down From a Multi-Decade High on Concerns About Vaccine Supplies

  

  The Japanese Nikkei index closed lower today, Friday, to retreat from near its highest level in 29 and a half years, as the risk appetite was negatively affected after the US drugmaker Pfizer said it had lowered the goal of distributing its anti-virus vaccine. The Nikkei index fell 0.22% to …

  Read More »
• 4 December 2020 2:05 am

  US Senate Approved New Fed Board Member

  

  The United States Senate confirmed on Thursday one of President Donald Trump’s picks to the Federal Reserve’s board of governors, the Wall Street Journal reported. Christopher Waller, Research Director at the Federal Reserve Bank of St. Louis, was confirmed to a term that extends until January 2030. A total of …

  Read More »
• 4 December 2020 1:12 am

  Oil Closes Higher Despite OPEC+ Move

  

  Oil prices rose on Thursday, despite media reports about an agreement within the OPEC+ alliance to raise production starting from January. OPEC+ is set to hold monthly meetings starting January to assess market conditions and decide on further production adjustments for the following month. Brent crude futures for February delivery …

  Read More »