Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2020

• 19 November 2020 11:03 pm

  Gold Prices Down for Third Day in Row

  

  Gold prices continued to decline on Thursday for the third consecutive session, as the US Dollar (USD) rose against major currencies. Positive news about a Coronavirus vaccine and fears about renewed lockdown measures against a new wave of the pandemic seem to be balancing out with the rise of the …

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• 19 November 2020 10:34 pm

  Lagarde Expects Negative Inflation Early Next Year

  

  The President of the European Central Bank (ECB), Christine Lagarde, said on Thursday that she expects inflation in the Eurozone will likely remain in the negative territory into early 2021. This comes amid renewed lockdown and preventive measures across the European continent to curb the spread of the new wave …

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• 19 November 2020 10:30 pm

  European Stocks Finish Thursday Lower

  

  European stocks closed Thursday lower, amid fears about the impact of the renewed lockdown and preventive measures to curb the spread of a new wave of the Coronavirus pandemic. The pan-European Stoxx 600 index closed lower by 0.73%. The UK’s FTSE100 declined by 0.8%, while the German DAX finished lower …

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• 19 November 2020 10:22 pm

  Kansas Manufacturing Activity Index Slows in November

  

  Manufacturing activity in the United States slowed during the month of November compared to its expansion pace in October, according to data by the Federal Reserve Bank of Kansas City. The Bank’s monthly report showed that its Manufacturing Survey’s composite index registered 11 in November, down from a reading of …

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• 19 November 2020 10:16 pm

  Employment in Canada down by around 80K Jobs

  

  Employment in Canada declined by 79,500 during the month of October, data showed on Thursday. Job losses in the trade, transportation, and utilities sectors led the decline, according to ADP. This is the eighth consecutive month of job losses. The September reading was revised up to 564,400 lost jobs, up …

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• 19 November 2020 9:34 pm

  US Natural Gas Inventories Rise More than Expected

  

  Natural gas inventories in the United States increased by 31 billion cubic feet for the week ended November 13, data by the US Energy Information Administration (EIA) showed on Thursday. The weekly rise exceeded market expectations, reaching a total of 958 trillion cubic feet, rising by 293 billion cubic feet …

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• 19 November 2020 9:31 pm

  US Housing Starts Surge in October

  

  Homebuilding activity in the United States rose at a pace faster than expected during the month of October, data by the US Department of Commerce showed on Thursday. This comes as the American housing market remains supported by record-low mortgage rates. Housing starts grew by 4.9% to a seasonally adjusted …

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• 19 November 2020 9:09 pm

  US Home Sales Up 4.3% in October

  

  Home sales in the United States increased for the fifth consecutive month during October, data showed on Thursday, Reuters reported. Existing home sales increased by 4.3% to a seasonally adjusted annual rate of 6.85 million units in October, according to the National Association of Realtors. The September reading was revised …

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• 19 November 2020 9:03 pm

  USD Rises Across the Board

  

  The US Dollar (USD) is showing a good performance on Thursday, supported by an improved investors’ sentiment. The Dollar Index (DXY), which measures the USD performance against a basket of six major international currencies, is up for the day by 0.24% at 92.54.

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• 19 November 2020 8:00 pm

  US Initial Jobless Claims Rise Last Week

  

  The number of United Sates citizens applying for unemployment benefits increased last week, against market expectations, data showed on Thursday. This comes as the increasing number of Coronavirus cases in the states is affecting the market negatively. Initial claims for jobless benefits rose by 31,000 to a seasonally adjusted 742,000 …

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• 19 November 2020 5:29 pm

  IMF’s Georgieva: Economic Outlook Remains Difficult And Prone to Setbacks

  

  Recent data shows slowing momentum in contact-intensive services industries in economies where the pandemic is resurging, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Thursday, as reported by Reuters. “Recent data confirms continuing global recovery from the COVID-19 crisis but economic outlook remains difficult and prone to setbacks.”“Seeing …

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• 19 November 2020 4:57 pm

  The Current Account Surplus Widened in Eurozone in September

  

  Data from the European Central Bank revealed that the revised current account surplus of the 19-nation eurozone expanded to 25.2 billion euros in September compared to 20.9 billion euros in August, thanks to an increase in the surplus from trade in goods and services. In the twelve months to September, …

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• 19 November 2020 3:47 pm

  US Dollar Rises Due to The Increase in Covid-19 Cases

  

  The dollar rose Thursday, November 19, as widespread optimism about COVID-19 vaccines met with concerns about rising numbers of cases and risks to a fragile global economic recovery. The dollar has also been caught between opposing powers, as it received support from seeking safe haven purchases while fresh speculation about …

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