Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2020

• 22 October 2020 8:38 pm

  US Existing Home Sales at Record High

  

  Home sales in the United States rose to their highest level in 14 years during the month of September, data by the National Association of Realtors showed on Thursday. Existing home sales surged by 9.4% to a seasonally adjusted annual rate of 6.54 million units last month, its highest level …

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• 22 October 2020 7:43 pm

  US Natural Gas Inventories Rise in Week

  

  Natural gas inventories in the United States increased by 49 billion cubic feet last week, according to data by the US Energy Information Administration (EIA) The rise in gas stockpiles came below market expectations of a 51 billion cubic feet increase for the week ended October 16. Natural gas inventories …

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• 22 October 2020 5:52 pm

  S&P 500, Nasdaq Edge Higher as Investors Cling to Stimulus Hopes

  

  The S&P 500 and Nasdaq Composite Indexes rose slightly at the open Thursday as investors pinned to hope for new financial stimulus, while shares of the Dow Jones Industrial Average fell after new data indicated a slowing economic recovery. S&P 500 rose 2.94 points, equivalent to 0.09%, to reach 3,438.50 …

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• 22 October 2020 4:52 pm

  CBRT Keeps Interest Rates Unchanged

  

  On Thursday, the Turkish central bank kept interest rates unchanged at 10.25%, which was contrary to speculation of a large increase. A poll of 17 economists conducted by Reuters had expected the bank to raise its repurchase rate (repo) for a week 175 basis points, as forecasts ranged from increases …

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• 22 October 2020 4:39 pm

  US: Weekly Initial Jobless Claims Fall to 787K

  

  There were 787,000 initial claims for unemployment benefits in the US during the week ending October 16th, the data published by the US Department of Labor (DOL) revealed this Thursday. This reading followed last week’s print of 842,000 (revised from 898,000) and came in better than the market expectation of …

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• 22 October 2020 4:09 pm

  US Dollar Recovering From Its Lowest Level in Seven Weeks

  

  The dollar recovered from its lowest level in seven weeks, receiving some support after hopes for a fiscal stimulus package in the United States before the November elections collapsed. Progress towards a stimulus agreement in the United States was supporting sentiment in global markets and raising demand for riskier assets …

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• 22 October 2020 2:46 pm

  European Stocks at Lowest in Nearly a Month

  

  European stocks hit their lowest in nearly a month on Thursday, as sentiment was affected by declining German consumer confidence, concerns about the increasing rate of Coronavirus infections, and the faltering stimulus in the United States. The German DAX index fell 1.3%, below the European stock market indices, after a …

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• 22 October 2020 1:45 pm

  Japan Shares Closed Lower Amid a Rising Yen and US Political Uncertainty

  

  Japanese stocks closed lower on Thursday, as the rise of the yen threatened exporters’ profits and amid fears that no agreement will be reached on an important US stimulus package before the presidential elections scheduled for the third of November. The benchmark Nikkei index closed down 0.7% to 23,474.2 points, …

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• 22 October 2020 1:08 pm

  Consumer Sentiment in Germany Deteriorating as Numbers of Coronavirus Cases Increase

  

  Thursday’s survey showed that consumer sentiment in Germany has deteriorated as November approaches, as a second wave of the new Corona virus outbreak in Europe’s largest economy caused Germans to have less appetite for spending. The GFK Institute said its consumer sentiment index, which is based on a survey of …

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• 22 October 2020 12:05 pm

  Oil Down Due to an Increase in Gasoline Stocks in The US

  

  Oil prices declined slightly Thursday after heavy losses overnight, and in light of the accumulation of gasoline stocks in the United States, indicating a decline in expectations for fuel demand, with the increase in the number of Corona virus infections in North America and Europe. Brent crude futures fell one …

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• 22 October 2020 11:05 am

  Turkish Lira in All-Time Low

  

  The Turkish lira fell against the US dollar below the 8 for the first time, with doubts surrounding the efforts of the Turkish Central Bank to support the Turkish currency with the escalation of geopolitical tensions. The Turkish lira fell 1.2% to $ 8.0088 on Monday, the largest decline compared …

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• 22 October 2020 11:03 am

  EU Sets up Debt Management Office

  

  A European Union official said on Wednesday that the bloc decided earlier this week to create a debt management office to handle its massive bond issues. The official, who refused to be named, added that the establishment of the office came as a result of reorganizing the general administration of …

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• 22 October 2020 12:51 am

  NYSE Ends Lower as Investors Await Stimulus

  

  The New York Stock Exchange (NYSE) closed lower on Wednesday, amid anticipation for a new stimulus package. The Dow Jones Industrial Average finished lower by 97.97 points, or 0.35%, at 28,210.82 points. The S&P 500 index declined by 7.56 points, or 0.22%, to settle at 3,435.56 points. The Nasdaq Composite …

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