European stocks closed lower on Tuesday, following the beginning of the earning reports season in Wall Street, and amid uncertainty surrounding the second wave of the Coronavirus (COVID-19) pandemic. The STOXX Europe 600 index closed lower by 0.7%, while the UK’s FTSE100 maintained losses and declined by 0.53%. Meanwhile, the …
Read More »US Consumer Confidence Falls in December, Pressuring the Dollar
Consumer sentiment in the United States showed signs of weakening in December, with the Conference B…
U.S. Economy Surges 4.3% in Q3, Beating Forecasts as Consumer Demand and Inflation Pick Up
The U.S. economy expanded at a much faster pace than expected in the third quarter, growing at an an…
Major FX Firms as Dollar Slips Ahead of GDP, PCE; Yen Jumps on Japan Intervention Warning
Major currencies edged higher against the U.S. dollar on Tuesday as the greenback softened in holida…
Bitcoin Slips Below $88,000 as Traders Turn Cautious Ahead of Key U.S. Data; Strategy Pauses Buying
Bitcoin fell on Tuesday, snapping a short-lived rebound as investors stayed defensive toward cryptoc…
Gold Nears $4,500 as Fed Easing Bets and Geopolitical Risks Push Precious Metals Toward Fresh Records
Gold surged to within striking distance of the $4,500-per-ounce threshold on Tuesday, extending a re…
Gold Shines Bright Past $4444 as Global Tensions and Interest Rate Bets Drive a Historic Surge
Gold prices reached an unprecedented milestone this week, surging to a record high of $4,442 per oun…
Market Drivers – US Session: Trade War Fears Trigger Safe-Haven Surge, Weakening USD Reshapes 2026 Outlook
The global financial landscape is shifting rapidly as the final days of 2025 unfold. Ahead of pivota…
Dow Jones Climbs as Wall Street Eyes Year-End “Santa Rally”
The Dow Jones Industrial Average kicked off a shortened holiday week on a high note, gaining approxi…
Pound Surges as UK Growth Steadies and Holiday Trading Lifts Markets
The British pound strengthened sharply against the US dollar after fresh economic data showed the UK…
Year-End Equity Rally Builds as Fed Cut Bets and AI Buzz Lift Futures Into Thin Holiday Trade
U.S. equity futures edged higher on Monday as a year-end rally gathered pace, with investors positio…
Market Analysis
October, 2020
-
13 October 2020 8:34 pm
IMF Expects 4.4 Global Contraction in 2020
A report by the International Monetary Fund (IMF) revealed on Tuesday that the outlook for developed economies is better than previously expected, due to the recovery from the impacts of the COVID-19 pandemic, while emerging markets are expected to face some hardships. The latest World Economic Outlook expects a global …
Read More » -
13 October 2020 7:27 pm
USD Rises Following Inflation Data
The US Dollar (USD) rose on Tuesday, as data showed an increase in consumer prices but at a slow pace. The Dollar index (DXY), which measures the performance of the USD against a basket of six international currencies, is up by around 0.50% for the day, at 93.51. The index …
Read More » -
13 October 2020 5:58 pm
US Consumer Prices Slowed in September For The Fourth Consecutive Month
Consumer prices in the United States rose in September for the fourth month in a row but at a slower pace amid noticeable weakness in the economy as it gradually recovered from recession due to the Covid-19 pandemic. The US Labor Department said on Tuesday that its consumer price index …
Read More » -
13 October 2020 5:29 pm
IMF Forecasts 2020 Global Economic Contraction at 4.4%
In its latest World Economic Outlook report, the International Monetary Fund noted that it forecasts the global economy to contract by 4.4% in June, compared to 5.2% contraction in June’s publication, as reported by Reuters. “IMF forecasts 2021 global growth at 5.2% vs 5.4% in June, forecasts use revised purchasing …
Read More » -
13 October 2020 4:57 pm
Monthly OPEC Report: Reducing Growth Forecast by 200,000
The OPEC monthly report showed that the global economic growth forecast was kept at -4.1%, while the global economic growth forecast was reduced to 4.6% in 2021. The report expected a decline in global demand for oil by 9.5 million barrels per day in 2020, while the report reduced demand …
Read More » -
13 October 2020 4:14 pm
China’s Auto Sales Post a Jump in September
Car sales in China recorded growth for the sixth consecutive month in September, increasing by 12.8% as the world’s largest car market recovered from low levels recorded in light of the isolation measures related to the Corona virus. September and October are usually considered a peak sales period in the …
Read More » -
13 October 2020 3:30 pm
Unemployment in Britain Rises at 4.5% in October
The unemployment rate in the United Kingdom witness an increase in October by more than analysts’ expectations, and data issued by the British National Statistics Office on Tuesday showed that the unemployment rate came at 4.5% during the month of October, compared with 1.4% the previous month’s reading. Analysts had …
Read More » -
13 October 2020 2:31 pm
German ZEW Economic Sentiment Slumps to 56.1 in October
The German ZEW headline numbers for October showed that the Economic Sentiment Index came in at 56.1 versus 73.0 expectations and 77.4 last. While the sub-index Current Conditions figure arrived at -59.5 in Oct versus -60.0 expected and -66.2 booked previously. Meanwhile, the Eurozone ZEW Economic Sentiment for Oct stood …
Read More » -
13 October 2020 1:44 pm
Gold Falls as US Dollar Recovers And Investors Await The US Stimulus
Gold fell on Tuesday with the recovery of the dollar, but the price of the precious metal may receive future support from an American stimulus package that increases its attractiveness as a hedge against the resulting inflation. Gold fell in the spot market 0.3% to 1917.16 dollars an ounce, and …
Read More » -
13 October 2020 12:53 pm
Oil Prices Are Rising Due to The Return of Supplies
Oil prices rose on Tuesday, after suffering losses of nearly 3% in the previous session, with the resumption of supplies in Norway and the Gulf of Mexico in the United States and Libya, while the International Energy Agency expected a decrease in global energy demand by 5% this year. US …
Read More » -
13 October 2020 12:51 pm
US Dollar Rising And Yuan is Falling, After China Watches The Currency’s Rise
The dollar rose from its lowest level in three weeks on Tuesday, as traders in the market returned to buying it, especially against the counterpart currencies of higher risk, after it appeared that the Chinese authorities are seeking to curb the gains in the yuan that recorded recently. The Australian …
Read More » -
13 October 2020 12:34 pm
Chinese Exports And Imports Reach Record Levels in September
China’s exports in September rose by 9.9% year-on-year, in line with expectations, and imports grew at the fastest pace for this year, at 13.2% in the same period, well above expectations of a 0.3% rise. China’s exports rose by 10.2% in Q3 to $ 742.9 billion.
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations