Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2020

• 15 December 2020 3:10 pm

  IEA: The Impact of Corona Vaccines on Global Demand Will Take Several Months

  

  The International Energy Agency has warned that the start of vaccination campaigns to prevent Coronavirus this month will not quickly reflect the devastation inflicted on global oil demand. “The understandable euphoria around the start of vaccination programmes partly explains higher prices but it will be several months before we reach …

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• 15 December 2020 2:25 pm

  China’s Crude Oil Production Rose 1.2% y-o-y in November

  

  Data announced by the Office for National Statistics today, Tuesday, revealed that China’s domestic production of crude oil in November rose 1.2% year-on-year to 15.96 million tons. Production since the beginning of the year reached 178.63 million tons, up 1.6% year-on-year. Refinery consumption of crude oil at the national level …

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• 15 December 2020 2:01 pm

  European Stocks stable as Anti-Coronavirus Measures Tighten

  

  European shares stabilized on Tuesday (December 15th), after an increase in cases of Covid-19 disease forced governments to tighten control measures across the continent, negatively affecting optimism about the distribution of vaccines and hopes for a trade agreement between Britain and the European Union. A new strain of Coronavirus was …

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• 15 December 2020 1:27 pm

  Gold Rising on stimulus, Amid a Spike in COVID-19 Cases

  

  Gold rose on Tuesday (December 15th), as the increase in COVID-19 cases and restrictions imposed on investors’ appetite for usually riskier assets and boosted the bet on more stimulus ahead of the US Federal Reserve meeting. Gold rose in the spot market 0.7% to $ 1839.20 an ounce by 07:05 …

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• 15 December 2020 1:09 pm

  A New Rise in The Unemployment Rate in Britain And Layoffs at a Record Level

  

  The unemployment rate in Britain increased again in three months until October, while the number of workers who were laid off reached a record high, as companies prepared for the end of the government’s job support program as part of measures to mitigate the repercussions of the Corona pandemic, which …

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• 15 December 2020 12:35 pm

  EIA: Shale Oil Production will Drop 136,000 Bpd in January

  

  The US Energy Information Administration said in a monthly forecast that the United States’ oil production from shale formations is expected to decrease by about 136 thousand barrels per day in January to 7.44 million barrels per day, the lowest since June. Production is expected to decline from nearly all …

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• 15 December 2020 11:04 am

  Joe Biden Secures 270 Votes at Electoral College

  

  Democrat Joe Biden won the electoral college, which formally determines the next president of the United States, to end President Donald Trump’s campaign to reverse his November 3 election loss. And the state of California, which has 55 electoral votes in the electoral college, gave Biden the vote so that …

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• 15 December 2020 2:37 am

  NYSE Close Monday Mostly Lower

  

  The New York Stock Exchange (NYSE) closed the first session of the week mostly lower, amid concerns about the rising number of Coronavirus cases in the United States. The Dow Jones Industrial Average, which reached an all-time high earlier today, finished Monday lower by 0.62% at 29,861.55 The S&P 500 …

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• 15 December 2020 2:00 am

  Oil Ends at Highest Level in Nine Months

  

  Oil prices surged on Monday, opening the week with a strong performance as they rose to their highest closing level since March. Positive news about Coronavirus vaccines helped crude prices stage a strong come back. This comes despite some concerns about the demand outlook, after the Organization of the Petroleum …

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• 14 December 2020 11:48 pm

  Gold Ends Monday Lower on Vaccine Optimism

  

  Gold prices closed Monday on a lower note, amid optimism about new Coronavirus vaccines and concerns that a new stimulus package in the United States may not be in the making. Gold futures for February delivery declined by $11.50, or 0.6%, to close at $1,832.10 per ounce. This is the …

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• 14 December 2020 9:35 pm

  European Stocks Finish Higher on Brexit Deal Hopes

  

  European stocks closed higher on Monday, opening the week with a positive performance, amid hopes for Britain and the European Union (EU) soon reaching a trade agreement for the post-Brexit stage, before the end of the year and the transition period. The pan-European STOXX Europe 600 index added 0.4%. The …

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• 14 December 2020 8:39 pm

  Narrow Path Now Seen for Brexit Deal

  

  With the end of the Brexit transition period approaching, there seem to be hopes for reaching a trade arrangement between the European Union (EU) and the United Kingdom (UK). The EU’s chief negotiator Michel Barnier said on Monday that a deal is still possible, noting that the upcoming days are …

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• 14 December 2020 8:00 pm

  Panetta: ECB Could Expand Bond Purchases

  

  The European Central Bank (ECB) could be ready to expand its emergency bond-buying program if necessary, according to ECB Board member Fabio Panetta. “The PEPP envelope can be further expanded and extended if warranted by the inflation outlook.”“And we stand ready to adjust all our instruments if downside risks to …

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