Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2020

• 3 August 2020 10:45 am

  US Dollar Index Clings to Gains

  

  Tracked by the US Dollar Index, the USD is looking to add gains around the 93.50 area. The index focuses on the expected data, and the index advanced for the second consecutive session on Monday, regaining the middle of 93.00 on caution in global markets. Investors continue to evaluate the …

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• 3 August 2020 10:25 am

  FX Option Expiries for Aug 3 NY Cut

  

  FX option expiries for Aug 3 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – GBP/USD: GBP amounts         1.3000 550m  – USD/JPY: USD amounts          104.50 906m106.70 475m – EUR/GBP: EUR amounts  0.9000 576m 

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July, 2020

• 30 July 2020 5:41 pm

  US Jobless Claims Rise for Second Week in Row

  

  The number of initial jobless claims in the United States increased by 12,000 to a total of 1.43 million kast week, as show by the data of the US Department of Labor on Thursday. This is the second consecutive weekly rise in claims for unemployment benefits. Last month, data by …

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• 30 July 2020 5:32 pm

  US GDP Contracts by Nearly 33% in Q2

  

  The United States economy saw its worst quarter on record, after the gross domestic product (GDP) contracted by around 33% during the second quarter (Q2) of 2020, due to the COVID-19 pandemic. Preliminary data by the US Department of Commerce showed that GDP declined by 32.9% on an annual basis. …

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• 30 July 2020 5:18 pm

  Trump Suggests Delaying 2020 Presidential Elections

  

  The President of the United States, Donald Trump, has suggested delaying the 2020 presidential elections, which is set to take place next November, due to the COVID-19 pandemic. Trump has called in a tweet on Thursday for delaying the elections “until people can properly, securely, and safely vote.” The US …

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• 30 July 2020 4:51 pm

  Euro Mixed Following German GDP Data

  

  The Euro is showing a mixed performance against major currencies on Wednesday, following data showed the German economy’s biggest contraction on record and an improvement in the Eurozone economic sentiment. Although the EUR is maintaining some gains against commodity currencies, it is declining across the board. EUR is down to …

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• 30 July 2020 3:08 pm

  USD Tries to Recover Some Ground

  

  The US Dollar (USD) is recovering on Thursday from some of its recent losses, which brought the greenback to its lowest level in nearly two years. The USD is trying to gain some support from the recent remarks by the US Federal Reserve that reiterated the commitment to support the …

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• 30 July 2020 2:26 pm

  German GDP Contracts by 10% in Q2

  

  Germany’s gross domestic product (GDP) recorded its worst decline on record during the second quarter (Q2) of 2020, contracting by 10.1%, as shown by preliminary official data. Moreover, the German economy contracted by 11.7% on annual basis during Q2 of 2020. The COVID-19 crisis has negatively impacted Germany and much …

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• 30 July 2020 2:13 pm

  Eurozone Economic Sentiment Improves in July

  

  Economic sentiment in the Eurozone rose more than expected in July to 82.3 points from a revised reading of 75.8 in June, according to data by the European Commission. The improvement comes amid the easing of lockdowns and preventive measures against the coronavirus disease (COVID-19). The industry sentiment recorded -16.2 …

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• 30 July 2020 2:00 pm

  German GDP Shrinks at Record Rate in Q2

  

  The German economy contracted in the second quarter of 2020 by 10.1% vs. -9.0% expected, it’s the biggest decline on record, as shown by preliminary data on Thursday. On a yearly basis, the German gross domestic product (GDP) contracted 11.7% vs. -10.9% decline expected by analysts, according to the German …

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• 30 July 2020 1:32 pm

  Germany’s Unemployment Rate Declined in July

  

  The seasonally adjusted unemployment rate in Germany came in at 6.4% in July vs. 6.5% expected. The figure is better than expected by analysts. Data released earlier beat expectations with the unemployment change falling by 18k in seasonally adjusted terms compared to estimates of an increase of 43k. The adjusted …

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• 30 July 2020 1:06 pm

  EUR/GBP Keeps The Red Near Session Lows

  

  The Euro weakened slightly during the early European session and pushed EUR/GBP to daily lows near the middle of 0.9000 after the German GDP figures. After a short consolidation during the first part of Thursday’s trading, the pair faced some new offers and fell near its lowest levels in a …

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• 30 July 2020 12:26 pm

  Democrats Don’t Agree on All Relief Bill Aspects

  

  U.S. president Donald Trump said on Wednesday that his administration and Democrats in Congress were far apart in their efforts to agree on a coronavirus relief bill, as reported by Reuters. And according to Reuters, Trump accused Democrats of not taking care of Americans with their proposals, and said when …

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