Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2020

• 19 November 2020 3:06 pm

  CBRT Hikes Policy Rate by 475 Basis Points to 15%

  

  The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it raised its policy (one-week repo) rate by 475 basis points to 15% from 10.25%.

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• 19 November 2020 3:04 pm

  UK’s Truss: Determined to Reach Trade Deal With Canada Before End-2020

  

  British Trade Minister Truss said that the UK determined ‎to reach a trade agreement with Canada before the end of the year. She said she hoped the UK would be able to move forward with the trade agreement with Canada and added, ” By no means are we entirely focused …

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• 19 November 2020 2:09 pm

  Gold at Its Lowest Level in a Week as Hopes For a Faster Economic Recovery Increase

  

  Gold fell to its lowest level in a week on Thursday, November 19, as the encouraging developments related to Covid-19 vaccines boosted hopes for a faster recovery of the global economy, despite the continued increase in cases of Coronavirus. By 07:59 GMT, spot gold prices fell 0.4% to $ 1863.12 …

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• 19 November 2020 1:34 pm

  China: Our Country is Open to Joining Regional Economic Partnership

  

  The Chinese Ministry of Commerce said that China is open to the idea of joining the Comprehensive and Progressive Partnership Agreement across the Atlantic. Gao Feng, the spokesman for the ministry, made the remarks at a press conference in Beijing. Last week, 15 countries from the Asia-Pacific region, including China, …

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• 19 November 2020 1:20 pm

  ECB’s Lagarde: PEPP Was Targeted to be Temporary, Exceptional

  

  The European Central Bank (ECB) President Christine Lagarde added to her earlier comments and said that PEPP was targeted to be temporary, exceptional. Lagarde was speaking at the ECON Committee of the European Parliament (by videoconference). By definition ECB won’t go bankrupt or run out of money.ECB is extremely attentive …

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• 19 November 2020 12:17 pm

  Japan Shares Decline After Tokyo Raised The Coronavirus Warning to Its Highest Level

  

  Japanese shares fell for the second session on Thursday, November 19, after the capital, Tokyo, issued the highest warning about the Coronavirus, as it recorded a record increase in daily cases, which raised concerns about strengthening restrictions on local economic activity. The Nikkei index fell 0.36% to 25634.34 points at …

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• 19 November 2020 3:50 am

  Coronavirus Vaccine Could Lead to USD Depreciation

  

  Large-scale distribution of Coronavirus vaccines, coupled with the current monetary easing policy by the United States Federal Reserve could lead the US Dollar (USD) to weaken by as much as 20% in 2021, according to a recent report by Citibank, Reuters reported. “When viable, widely distributed vaccines hit the market, …

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• 19 November 2020 2:53 am

  Barkin: Fed Continues Policy Accommodation

  

  The President of the Federal Reserve Bank of Richmond, Thomas Barkin, said on Wednesday in an interview with Yahoo Finance that the Fed will continue with its policy accommodation through monthly bond purchases. “Every month we engage in those asset purchases is more stimulus.”“That’s a lot of support to the …

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• 19 November 2020 2:28 am

  Fed’s Williams More Upbeat on Economic Recovery

  

  President of the Federal Reserve Bank of New York, John Williams, said that his view on the economy has become somewhat more upbeat. Williams reiterated the Fed’s commitment to using all available tools to support a strong economy, MarketWatch reported. “We have the ability especially with monetary policy to make …

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• 19 November 2020 2:05 am

  New York Closes Schools to Face COVID-19

  

  New York City is closing its schools again in order to curb the renewed spread of the Coronavirus pandemic, Mayor Bill de Blasio announced on Wednesday. “New York City has reached the 3% testing positivity 7-day average threshold. Unfortunately, this means public school buildings will be closed as of tomorrow, …

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• 19 November 2020 2:02 am

  Oil Rises to Highest Level in Two Months

  

  Oil prices rose on Wednesday, closing at their highest level since early September, supported by an improved outlook due to recent developments in Coronavirus vaccine research. Brent crude futures for January delivery rose by 59 cents, or 1.4%, to finish at $44.34 per barrel. Meanwhile, the West Texas Intermediate (WTI) …

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• 19 November 2020 12:38 am

  Gold Declines for Second Day in Row

  

  Gold prices declined for the second consecutive session on Wednesday, amid improved investors’ sentiment and risk appetite and a decreased demand for safe havens. Gold futures for December delivery decreased by $11.20, or 0.6%, to settle at $1,873.90 per ounce.

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• 18 November 2020 11:07 pm

  US Crude Inventories Rise in Week

  

  Crude oil inventories in the United States increased last week by 800,000 barrels, according to data by the US Energy Information Administration (EIA) on Wednesday. By the end of 13 November, American crude stockpiles stood at 489.5 million barrels. Meanwhile, gasoline inventories increased by 2.6 million barrels last week, while …

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