Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2020

• 26 August 2020 11:37 am

  PBOC Sets Yuan Reference Rate at 6.9079

  

  The People’s Bank of China (PBOC) has set the yuan reference rate at 6.9079 versus Tuesday’s fix at 6.9183.

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• 26 August 2020 11:32 am

  Crude Oil Futures Lower During Asian Session

  

  According to the New York Mercantile Exchange, crude oil futures for October were traded at $43.35 a barrel, up 0.00%. It was previously traded lower at $43.23 a barrel. Crude oil may find support at $41.46 and resistance at $43.56. The dollar index, which measures the performance of the greenback …

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• 26 August 2020 10:53 am

  Natural Gas Futures

  

  CME Group’s preliminary readings for Natural Gas futures markets noted open interest shrunk by almost 4.5K contracts on Tuesday, reaching the second drop in a row at the same time. Volume, in the same direction, went down for the second consecutive session, now by nearly 44.8K contracts.

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• 26 August 2020 10:51 am

  Gold Futures Declined During Asian Session

  

  According to the COMEX, gold futures were traded for December at $ 1931.50 per ounce, down 0.44%. It previously traded at a session low$ 1929.70 an ounce. Gold may find points of support at $ 1916.60 and resistance at $ 1970.30. The dollar index, which measures the performance of the …

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• 26 August 2020 10:48 am

  FX Option Expiries For Aug 26 NY Cut

  

  FX option expiries for Aug 26 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1775 792m1.1830 689m – GBP/USD: GBP amounts         1.3150 385m  – USD/JPY: USD amounts          105.00 3.2bn105.40 839m105.50 383m105.75 1.1bn106.00 1.1bn106.15 420m106.50 399m106.60 570m107.03 1.3bn107.10 394m – AUD/USD: AUD amounts 0.7250 732m …

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• 26 August 2020 1:33 am

  API: US Oil Inventories Down 4.5 M Barrels

  

  Estimates by the American Petroleum Institute (API) showed on Tuesday that crude oil inventories in the United States decreased by 4.5 million barrels last week. This would be the fifth consecutive weekly decline in US crude oil stockpiles, amid output disruptions in the Gulf of Mexico due to Hurricane Laura.

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• 26 August 2020 1:20 am

  NYSE Closes Mixed with S&P and Nasdaq Breaking New Records

  

  The New York Stock Exchange (NYSE) showed a mixed performance on Tuesday, but with the S&P 500 and the Nasdaq continued to achieve new record highs. The Dow Jones Industrial Average declined by 0.21% to close at 28,248.44. The S&P 500 index added 12.34 points, or 0.4%, and finished at …

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• 25 August 2020 11:50 pm

  USD Maintains Downward Trend

  

  The Dollar index (DXY) continues to maintain its decline for another day as it is closed to finish Tuesday’s session down by 0.31% a little above the 93 mark. The DXY measures the performance of the US Dollar (USD) against a basket of six major currencies. The USD is down …

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• 25 August 2020 11:44 pm

  Oil Prices Finish Higher

  

  Oil prices closed higher on Tuesday, continuing to gain support from output disruptions due to weather conditions at the Gulf of Mexico. West Texas Intermediate (WTI) finished higher by 73 cents at $43.35 per barrel, or its highest level since March 5. Meanwhile, the global benchmark Brent crude futures for …

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• 25 August 2020 11:31 pm

  Gold Settles Lowers as Trade Concerns Ease

  

  Gold prices finished lower on Tuesday, for the second consecutive day, as the remarks by US and China top trade officials eased concerns about a trade war between the world’s two largest economies, thus, lowering demand for safe havens. However, the US Dollar’s (USD) decline provided some support for the …

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• 25 August 2020 9:41 pm

  European Stocks Give Up Earlier Gains and Close in Red

  

  European stocks closed lower on Tuesday, after rising earlier in the session supported by positive remarks regarding the trade agreement between the United States and China. Officials from the world’s two largest economies reaffirmed their support for the trade deal. The STOXX Europe 600 index closed lower by 0.16%. The …

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• 25 August 2020 9:33 pm

  GBP/USD Rising Above 1.31

  

  The British Pound (GBP) rose on Tuesday on the back of the US Dollar (USD) decline, despite a decline in the UK’s retail sales. The Sterling is up against the USD by 0.47% with the GBP/USD trading at 1.3124. Retailers in the UK have cut jobs at the highest rate …

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• 25 August 2020 6:55 pm

  US Home Sales Rise by 13.9% in July

  

  New homes sales in the United States increased by 13.9% in July to a seasonally adjusted annual rate of 901,000 units, according to data by the U.S. Census Bureau. This is the highest level for new home sales in around 13.5 years, since December 2006, with the housing market showing …

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