Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2020

• 16 September 2020 12:09 am

  Gold Settles at Two-Week High

  

  Gold prices rose on Tuesday, for the second consecutive session, to its highest level in about two weeks. The yellow metal futures for December delivery gained $2.50, or 0.1%, to settle at $1,966.20 per ounce. This is the highest closing level for gold futures since the beginning of the month.

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• 15 September 2020 9:45 pm

  European Stocks Close Higher

  

  European stocks closed higher on Tuesday, continuing a positive rally this week amid anticipation for upcoming meetings by the US Federal Reserve, the Bank of England (BoE), and the Bank of Japan (BoJ). The Stoxx Europe 600 index finished higher by 0.77%, while the UK’s FTSE100 surged by 1.32%. Meanwhile, …

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• 15 September 2020 9:38 pm

  US Median Household Income Rises in Year

  

  The median household income in the United States increased by 6.8% in 2019, for the second consecutive year, with the number of people in poverty decreasing, data by the US Census Bureau’s annual report showed on Tuesday. The median household income for last year stood at $68,703 compared with $64,324 …

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• 15 September 2020 8:51 pm

  US Manufacturing Output Up 1% in August

  

  Manufacturing production in the United States rose by 1% in August, data by the US Federal Reserve showed on Tuesday. This comes after a 3.9% growth in July and below market expectations of a 1.2% increase.

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• 15 September 2020 8:48 pm

  Canadian Manufacturing Sales Rise 7% in July

  

  Manufacturing sales in Canada increased by 7% to $53.1 billion in July, data by Statistics Canada showed on Tuesday. This is the third monthly consecutive rise for Canadian manufacturing sales, which remain below their levels before the COVID-19 pandemic.

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• 15 September 2020 8:42 pm

  NZD/USD Advances on Positive Economic Data

  

  The New Zealand Dollar (NZD) is rising against the US Dollar (USD) on Tuesday, after data showed an increase of the Global Daily Trade (GDT) Price Index. The GDT recorded a 3.6% increase this week, after falling by 1% in the week before. The NZD/USD is trading higher by 0.18% …

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• 15 September 2020 8:37 pm

  GDT Records 3.6% Increase

  

  The Global Daily Trade (GDT) Price Index in New Zealand recorded a 3.6% increase this week, after falling by 1% in the week before, data showed on Tuesday.

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• 15 September 2020 5:39 pm

  U.S. Industrial Production Expands by 0.4% in August

  

  Industrial Production in the United States expanded by 0.4% on a monthly basis in August, the US Federal Reserve reported on Tuesday. This reading followed July’s increase of 3.5% (revised from 3%) and came in worse than the market expectation of 1%. “Capacity utilization for the industrial sector increased 0.3 …

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• 15 September 2020 5:07 pm

  Canada: Manufacturing Sales Increase by 7% in July

  

  Manufacturing Sales in Canada increased by 7% to $53.1 billion in July, the data published by Statistics Canada showed on Tuesday. This reading followed June’s 23% spike and came in worse than the market expectation of 8.7%.

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• 15 September 2020 5:05 pm

  US: NY Empire State Manufacturing Index Improves to 17 in September

  

  The headline General Business Conditions Index of the NY Fed’s Empire State Manufacturing Survey improved from 3.7 in August to 17 in September. This reading beat the market expectation of 6 by a wide margin. “The new orders index climbed nine points to 7.1, pointing to a modest increase in orders, and …

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• 15 September 2020 5:02 pm

  German Investor Sentiment Rises Despite Brexit and Covid-19 Concerns

  

  Investor sentiment in Germany increased unexpectedly in September, the ZEW Institute for Economic Research said on Tuesday, indicating confidence in recovery from the Corona crisis despite concerns related to stalled Brexit talks and a spike in new cases of the virus. The index of economic sentiment for investors increased to …

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• 15 September 2020 3:06 pm

  IEA: Recovery in Oil Demand Set to Slow for The Rest of 2020

  

  The International Energy Agency reduced its forecast for oil demand this year, indicating caution about the pace of the economic recovery from the Corona pandemic. The Paris-based agency lowered its forecast for 2020 by 200,000 bpd to 91.7 million bpd, the second cut of its oil demand forecast in several …

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• 15 September 2020 2:54 pm

  Yuan Hits a 16-Month High After Chinese Data

  

  The Chinese yuan jumped to its highest level in 16 months against the dollar on Tuesday, September 15th after Chinese data indicated an economic recovery after isolation measures due to the Corona pandemic, while the US dollar fell as risk appetite improved. Chinese industrial production accelerated and retail sales grew …

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