Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2020

• 17 December 2020 4:17 pm

  BoE Leaves Policy Rate And QE Unchanged in December as Expected

  

  The Bank of England’s (BoE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.10% at its December policy meeting and kept the Asset Purchase Facility steady at £895 billion.

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• 17 December 2020 4:09 pm

  Dollar Falls as Demand for safe-haven Weakened And Pound, Franc Drops After Touching Highest Level

  

  The dollar hit its lowest level in two and a half years against major rival currencies on Thursday (December 17th), as risk appetite was boosted by progress towards agreement on a stimulus package in the United States and an accord linked to Britain’s exit from the European Union. On Wednesday, …

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• 17 December 2020 3:12 pm

  Investor Interest Raises in Bitcoin Above $23,000

  

  Bitcoin rose to a record high one day after it crossed the $20,000 mark for the first time, amid growing interest in it from major investors. The world’s most prominent cryptocurrency jumped 10.5% to 23,655 dollars, to exceed its gains this year 220%, supported by a request from large investors …

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• 17 December 2020 2:30 pm

  European Stocks Rise For a Fourth Session on Optimism

  

  European shares remained at their highest level in ten months Thursday, December 17th, as hopes for more stimulus in the United States and possible distribution of COVID-19 vaccines in Europe boosted expectations for a global economic recovery. The German DAX index rose 1.1% to reach its highest level since February, …

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• 17 December 2020 1:52 pm

  Gold Rising as US Dollar Was Negatively Affected by The Progress of The US Stimulus

  

  Gold prices reached a week high on Thursday, December 14th, as progress in reaching an agreement on fiscal stimulus in the United States pressed the dollar, while the yellow metal received more support thanks to the US Federal Reserve’s pledge to keep interest rates low until the economy recovers. In …

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• 17 December 2020 1:13 pm

  SNB Leaves Key Rate Unchanged at -0.75%

  

  The Swiss National Bank (SNB) board members announced a no change to their monetary policy settings after it concluded the December quarter monetary policy assessment on Thursday. The SNB kept the key sight deposit rate steady at -0.75% while maintaining the 3-Month Libor Target Range steady between -1.25% to -0.25%, …

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• 17 December 2020 12:38 pm

  Japan Stocks Closing Higher on Hopes of US Stimulus

  

  Japanese stocks closed higher for a second session Thursday (December 17th) as sentiment received a boost from expectations of further economic stimulus in the US and pledges of support from the US Federal Reserve. The benchmark Nikkei index rose 0.18% to 26,806.67 points, offsetting losses incurred in morning trade. The …

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• 17 December 2020 12:47 am

  Fed Pledges Asset Purchases to Achieve Recovery

  

  The United States Federal Reserve vowed in its last policy statement of 2020 to support the economy until it recovers from the Coronavirus crisis. The Fed is set to continue to buy at least $120 billion of bonds each month until substantial further progress has been made toward the Committee’s …

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• 17 December 2020 12:30 am

  Oil Closes Higher and Maintains Upward Trend

  

  Oil prices closed higher on Wednesday, amid hopes for a new stimulus package in the United States, and after a decline in US crude inventories last week. Crude prices maintained their best levels since early March, as the global benchmark, Brent crude futures for February delivery gained 32 cents, or …

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• 16 December 2020 11:37 pm

  Gold Settles Higher Amid Stimulus Hopes

  

  Gold prices rose on Wednesday, amid anticipation for a new stimulus package in the United States. The yellow metal futures for February delivery rose by $3.80, or 0.2%, to close at $1,859.10 per ounce. This is the highest closing level for gold futures since December 8.

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• 16 December 2020 11:04 pm

  Fed Maintains Interest Rates Unchanged

  

  The United States Federal Reserve has decided as expected to maintain interest rates near 0% during its two-day meeting that concluded on Wednesday. The Fed policy statement noted that policymakers are committed to maintaining asset purchases at at least $120 billion per month.

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• 16 December 2020 10:13 pm

  US Crude Inventories Down 3.1 M Barrels

  

  Crude oil inventories in the United States decreased by 3.1 million barrels last week to stand at 500 million barrels, according to the weekly report by the U.S. Energy Information Administration (EIA) released on Wednesday. Meanwhile, gasoline stockpiles rose by 1 million barrels to 238.9 million barrels and distillate stockpiles …

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• 16 December 2020 9:42 pm

  US Business Inventories Rise in October

  

  Business inventories in the United States grew during October by 0.7%, after rising by 0.8% in September, data by the US Department of Commerce showed on Wednesday. On an annual basis, inventories declined by 4% compared with their level in October 2019. Retail inventories increased by 0.9% in October, up …

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