Open Demo Account

Market Analysis

July, 2020

  • 30 July 2020 5:18 pm

    Trump Suggests Delaying 2020 Presidential Elections

    The President of the United States, Donald Trump, has suggested delaying the 2020 presidential elections, which is set to take place next November, due to the COVID-19 pandemic. Trump has called in a tweet on Thursday for delaying the elections “until people can properly, securely, and safely vote.” The US …

    Read More »
  • 30 July 2020 4:51 pm

    Euro Mixed Following German GDP Data

    The Euro is showing a mixed performance against major currencies on Wednesday, following data showed the German economy’s biggest contraction on record and an improvement in the Eurozone economic sentiment. Although the EUR is maintaining some gains against commodity currencies, it is declining across the board. EUR is down to …

    Read More »
  • 30 July 2020 3:08 pm

    USD Tries to Recover Some Ground

    The US Dollar (USD) is recovering on Thursday from some of its recent losses, which brought the greenback to its lowest level in nearly two years. The USD is trying to gain some support from the recent remarks by the US Federal Reserve that reiterated the commitment to support the …

    Read More »
  • 30 July 2020 2:26 pm

    German GDP Contracts by 10% in Q2

    Germany’s gross domestic product (GDP) recorded its worst decline on record during the second quarter (Q2) of 2020, contracting by 10.1%, as shown by preliminary official data. Moreover, the German economy contracted by 11.7% on annual basis during Q2 of 2020. The COVID-19 crisis has negatively impacted Germany and much …

    Read More »
  • 30 July 2020 2:13 pm

    Eurozone Economic Sentiment Improves in July

    Economic sentiment in the Eurozone rose more than expected in July to 82.3 points from a revised reading of 75.8 in June, according to data by the European Commission. The improvement comes amid the easing of lockdowns and preventive measures against the coronavirus disease (COVID-19). The industry sentiment recorded -16.2 …

    Read More »
  • 30 July 2020 2:00 pm

    German GDP Shrinks at Record Rate in Q2

    The German economy contracted in the second quarter of 2020 by 10.1% vs. -9.0% expected, it’s the biggest decline on record, as shown by preliminary data on Thursday. On a yearly basis, the German gross domestic product (GDP) contracted 11.7% vs. -10.9% decline expected by analysts, according to the German …

    Read More »
  • 30 July 2020 1:32 pm

    Germany’s Unemployment Rate Declined in July

    The seasonally adjusted unemployment rate in Germany came in at 6.4% in July vs. 6.5% expected. The figure is better than expected by analysts. Data released earlier beat expectations with the unemployment change falling by 18k in seasonally adjusted terms compared to estimates of an increase of 43k. The adjusted …

    Read More »
  • 30 July 2020 1:06 pm

    EUR/GBP Keeps The Red Near Session Lows

    The Euro weakened slightly during the early European session and pushed EUR/GBP to daily lows near the middle of 0.9000 after the German GDP figures. After a short consolidation during the first part of Thursday’s trading, the pair faced some new offers and fell near its lowest levels in a …

    Read More »
  • 30 July 2020 12:26 pm

    Democrats Don’t Agree on All Relief Bill Aspects

    U.S. president Donald Trump said on Wednesday that his administration and Democrats in Congress were far apart in their efforts to agree on a coronavirus relief bill, as reported by Reuters. And according to Reuters, Trump accused Democrats of not taking care of Americans with their proposals, and said when …

    Read More »
  • 30 July 2020 12:20 pm

    US 10-year Yield Posting Record Low

    The yield on 10-year (inflation-adjusted) US Treasury bonds fell to a new low of -0.95% on Wednesday after the Federal Reserve reiterated its interest-rate keep plan to its lowest levels in the foreseeable future. Jerome Powell, Chairman of the Federal Reserve, said that monetary policy will remain accommodative until the …

    Read More »
  • 30 July 2020 12:13 pm

    China to Support Export Businesses

    China plans to boost exports by providing trade-oriented companies with capital and market support, Citing the weekly State Council meeting held Wednesday, the People’s Daily reported this Thursday. Initiatives aim to attract foreign investment through a strengthened political environment and the expansion of the services trade sector. The government stressed …

    Read More »
  • 30 July 2020 12:04 pm

    FX Option Expiries For July 30 NY Cut

    FX option expiries for July 30 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – USD/JPY: USD amounts          105.00 712m105.55 524m 105.75 500m 106.00 1.9bn

    Read More »
  • 30 July 2020 12:02 pm

    Austrian Economy Shrank by 10.7% in Q2

    Wifo said on Thursday that the Austrian economy shrank by 10.7% in the second quarter, marking the largest contraction since World War II as the Corona pandemic hit domestic and foreign demand. Wifo, which is complies data for the government, said that the hardest hit sectors are retail, hotels, restaurants, …

    Read More »
This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends