Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2020

• 10 September 2020 7:08 pm

  US Natural Gas Inventories Add 70 B BCF

  

  Natural gas inventories in the United States increased by 70 billion bcf last week, according to the US Energy Information Administration (EIA) Natural Gas Storage report. The rise in natural gas stockpiles comes compared with market expectations of a 68 billion bcf increase, after a 35 billion bcf increase in …

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• 10 September 2020 6:59 pm

  US Wholesale Inventories Decline in July

  

  Wholesale inventories in the United States amounted to $632.3 billion in July, declining by 0.3% compared with its level in June and by 5.6% compared with its level in July 2019, according to seasonally adjusted data by the US Department of Commerce’s Census Bureau. In July 2020, the wholesale inventories …

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• 10 September 2020 6:11 pm

  US PPI Rose More Than Expected in August

  

  The Producer Price Index (PPI) in the United States increased by 0.3% in August compared to 0.6% in July, data showed on Thursday. The reading comes as double the expectations of a recent Reuters poll, and after the index declined by 0.2% in June. Analysts had expected an increase of …

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• 10 September 2020 5:08 pm

  US: Weekly Initial Jobless Claims Unchanged at 884,000

  

  The number of Americans filing for new unemployment benefits stabilized at high levels last week, reinforcing views that the job market is stabilizing on a more gradual path to recovery from the COVID-19 pandemic. The US Labor Department said that the total of new applications for unemployment benefits, adjusted in …

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• 10 September 2020 5:02 pm

  Lagarde speech: ECB Sees 2020 GDP at -8.0% vs. -8.7% Seen in June

  

  Following the European Central Bank’s (ECB) decision to keep its key rates and €1,350 of (PEPP) unchanged, Christine Lagarde, President of the ECB, is delivering her remarks on the monetary policy outlook in a press conference. “ECB sees 2020 GDP at -8.0% (vs -8.7% seen in June).”“ECB sees 2021 GDP growth at 5% …

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• 10 September 2020 5:00 pm

  Lagarde Speech: Incoming Info Suggest Strong Rebound

  

  Following the European Central Bank’s (ECB) decision to keep its key rates and €1,350 of (PEPP) unchanged, Christine Lagarde, President of the ECB, is delivering her remarks on the monetary policy outlook in a press conference. “Rebound broadly in line with previous expectations.”“Level of activity well below pre-COVID levels.”“Strength of …

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• 10 September 2020 4:43 pm

  Lagarde Speech: Appreciation of Euro Puts Negative Pressure on Prices

  

  Following the European Central Bank’s (ECB) decision to keep its key rates and €1,350 of (PEPP) unchanged, Christine Lagarde, President of the ECB, is delivering her remarks on the monetary policy outlook in a press conference. “In the near term, price pressures to remain subdued.”“Euro appreciation to contribute to subdued …

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• 10 September 2020 4:39 pm

  Breaking: ECB sees no need to overreact to euro gains, EUR/USD jumps to 1.1880

  

  The European Central Bank’s (ECB) Governing Council has reportedly agreed that there is no need to overreact to euro gains. To be updated…

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• 10 September 2020 4:36 pm

  EUR/USD remains Firm Post-ECB

  

  The Single currency remains on the positive side after the European Central Bank’s decision to keep interest rates unchanged, which prompted the EUR/USD pair to stay in the 1.1840 area on Thursday. The pair is extending its bullish momentum after touching its weekly lows on Wednesday near 1.1750. The European …

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• 10 September 2020 4:25 pm

  ECB Leaves Key Rates Unchanged in September

  

  At its monetary policy meeting held on September10th, the Governing Council of the European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as expected. …

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• 10 September 2020 3:56 pm

  UK Home Prices Jump in August

  

  The UK housing market rally intensified in August, a survey said, with prices hitting a four-year high as buyers seek garden properties, and the survey also sent a warning signal that the recovery could lose momentum. The Royal Institute of Chartered Surveyors’ monthly house price index rose to +44 in …

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• 10 September 2020 3:00 pm

  The German Institute For Economic Research Raises Its Forecast For 2020 GDP

  

  The German Institute for Economic Research said that it expects the country’s economy to decline by 6% this year due to the Coronavirus pandemic, revised by raising its previous estimate of a contraction of 9.4%. “The German economy is doing very well, given the circumstances,” said Klaus Michelsen, an analyst …

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• 10 September 2020 11:28 am

  US Energy Secretary: Hurricane Laura Caused Extensive Damage to a Site That Contains About 30% of Crude Oil Reserves

  

  US Energy Secretary Dan Brouillette said that Hurricane Laura caused massive damage to a site that houses about 30% of the country’s emergency crude oil reserves, but three other sites still have a lot of oil. The damaged Strategic Petroleum Reserve site in West Huckberry, Louisiana, contains nearly 8.2 billion …

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