Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2020

• 29 October 2020 7:26 pm

  US Pending Home Sales Down 2.2%

  

  The United States Pending Home Sales Index declined by 2.2% to 130, according to data by the National Association of Realtors released on Thursday. On an annual basis, pending home sales increased by 20.5%.

  Read More »
• 29 October 2020 7:19 pm

  US Natural Gas Supplies Up 29 BCF in Week

  

  Natural gas inventories in the United States increased by 29 billion cubic feet last week, below market expectations, according to data by the US Energy Information Administration (EIA) on Thursday. Gas stockpiles now stand at 3.955 trillion cubic feet. This means an increase of 285 billion cubic feet compared with …

  Read More »
• 29 October 2020 5:56 pm

  US Economic Activity Rebounds Sharply in Q3

  

  The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 33.1% in the third quarter, the US Bureau of Economic Analysis’ advance estimate showed on Thursday. This reading came in better than the market expectation of +31% and followed the 31.4% contraction recorded in the second …

  Read More »
• 29 October 2020 5:48 pm

  US: Weekly Initial Jobless Claims Decline to 751K

  

  There were 751,000 initial claims for unemployment benefits in the US during the week ending October 24th, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed last week’s print of 791,000 (revised from 787,000) and came in slightly better than the market expectation …

  Read More »
• 29 October 2020 5:23 pm

  ECB Leaves Key Rates Unchanged in October as Expected

  

  At its monetary policy meeting held on October 29th, 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 …

  Read More »
• 29 October 2020 5:22 pm

  Germany: Annual HICP Drops to -0.4% in September

  

  Inflation in Germany, as measured by the Consumer Price Index (CPI), was 0.1% (preliminary) in October, the data published by Destatis showed on Thursday. This reading followed September’s print of -0.2% and came in higher than the market expectation of 0%. On a yearly basis, the CPI stayed unchanged at …

  Read More »
• 29 October 2020 3:56 pm

  US Consumer Confidence Rebounds

  

  On Thursday, the Bank of Japan trimmed its forecast for the economy and prices in the current fiscal year, but revealed a more optimistic view about the chances of recovery, indicating that the stimulus measures it took are sufficient so far. The central bank warned that the outlook is shrouded …

  Read More »
• 29 October 2020 3:34 pm

  Eurozone Consumer Confidence Declines to -15.5 in October as Expected

  

  The Consumer Confidence for the euro area and the EU both declined by 1.6 points in October and arrived at -15.5 and -16.5, respectively, the data published by the European Commission showed on Thursday. Further details of the publication revealed that the Industrial Confidence for the euro area improved modestly …

  Read More »
• 29 October 2020 2:35 pm

  Oil Continues Losses Amid Renewed Fears of Coronavirus and a glut of supply

  

  Oil prices continue their losses after losing 5% in the previous session, with governments re-imposing restrictions to contain the second wave of cases with the Coronavirus, and amid indications of a growing global supply glut. By 0743 GMT, US West Texas Intermediate crude futures were down 8 cents, equivalent to …

  Read More »
• 29 October 2020 1:21 pm

  Japan Stocks Decline to Lowest Levels in a Month

  

  Japanese stocks fell to their lowest levels in a month today, Thursday, under the weight of fears about new closures to combat the Coronavirus in Europe, but the optimistic expectations of companies during the results season limited the losses. The benchmark Nikkei index closed 0.37% at 23,331.94 points. The Nikkei …

  Read More »
• 29 October 2020 12:07 pm

  PBOC Sets Yuan Reference Rate at 6.7195

  

  The People’s Bank of China (PBOC) has set the yuan reference rate at 6.7260 versus Wednesday’s fix at .

  Read More »
• 29 October 2020 12:02 pm

  FX Option Expiries For Oct 29 NY Cut

  

  FX option expiries for Oct 29 NY cut at 10:00 Eastern Time, via DTCC, can be found below. EUR/USD: EUR amounts 1.1700 785m1.1720 718m1.1750 869m1.1770 545m USD/JPY: USD amounts 103.60 1.0bn104.00 1.8bn104.50 385m104.75 523m105.16 424m105.25 1.3bn USD/CAD: USD amounts 1.3325 530m EUR/GBP: EUR amounts 0.9000 484m0.9050 920m0.9110 697m

  Read More »
• 29 October 2020 2:17 am

  Oil Prices Tumble on US Inventory Data

  

  Oil prices declined on Wednesday and finished at their lowest level since June, after data showed an increase in crude inventories in the United States. Data by the US Energy Information Administration (EIA) showed earlier today that crude oil stockpiles in the United States grew by 4.3 million barrels last …

  Read More »