Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2020

• 15 December 2020 12:35 pm

  EIA: Shale Oil Production will Drop 136,000 Bpd in January

  

  The US Energy Information Administration said in a monthly forecast that the United States’ oil production from shale formations is expected to decrease by about 136 thousand barrels per day in January to 7.44 million barrels per day, the lowest since June. Production is expected to decline from nearly all …

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• 15 December 2020 11:04 am

  Joe Biden Secures 270 Votes at Electoral College

  

  Democrat Joe Biden won the electoral college, which formally determines the next president of the United States, to end President Donald Trump’s campaign to reverse his November 3 election loss. And the state of California, which has 55 electoral votes in the electoral college, gave Biden the vote so that …

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• 15 December 2020 2:37 am

  NYSE Close Monday Mostly Lower

  

  The New York Stock Exchange (NYSE) closed the first session of the week mostly lower, amid concerns about the rising number of Coronavirus cases in the United States. The Dow Jones Industrial Average, which reached an all-time high earlier today, finished Monday lower by 0.62% at 29,861.55 The S&P 500 …

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• 15 December 2020 2:00 am

  Oil Ends at Highest Level in Nine Months

  

  Oil prices surged on Monday, opening the week with a strong performance as they rose to their highest closing level since March. Positive news about Coronavirus vaccines helped crude prices stage a strong come back. This comes despite some concerns about the demand outlook, after the Organization of the Petroleum …

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• 14 December 2020 11:48 pm

  Gold Ends Monday Lower on Vaccine Optimism

  

  Gold prices closed Monday on a lower note, amid optimism about new Coronavirus vaccines and concerns that a new stimulus package in the United States may not be in the making. Gold futures for February delivery declined by $11.50, or 0.6%, to close at $1,832.10 per ounce. This is the …

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• 14 December 2020 9:35 pm

  European Stocks Finish Higher on Brexit Deal Hopes

  

  European stocks closed higher on Monday, opening the week with a positive performance, amid hopes for Britain and the European Union (EU) soon reaching a trade agreement for the post-Brexit stage, before the end of the year and the transition period. The pan-European STOXX Europe 600 index added 0.4%. The …

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• 14 December 2020 8:39 pm

  Narrow Path Now Seen for Brexit Deal

  

  With the end of the Brexit transition period approaching, there seem to be hopes for reaching a trade arrangement between the European Union (EU) and the United Kingdom (UK). The EU’s chief negotiator Michel Barnier said on Monday that a deal is still possible, noting that the upcoming days are …

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• 14 December 2020 8:00 pm

  Panetta: ECB Could Expand Bond Purchases

  

  The European Central Bank (ECB) could be ready to expand its emergency bond-buying program if necessary, according to ECB Board member Fabio Panetta. “The PEPP envelope can be further expanded and extended if warranted by the inflation outlook.”“And we stand ready to adjust all our instruments if downside risks to …

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• 14 December 2020 7:24 pm

  USD Declines Across the Board

  

  The US Dollar (USD) is opening the week with a negative performance, by declining across the board against major currencies. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six international currencies, is down by 0.30% at 90.70. The index has been moving today in a …

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• 14 December 2020 6:03 pm

  Germany to Have 3-4 Million Doses of Pfizer Vaccine in January

  

  A spokesperson for the German health ministry said on Monday that they will have 3-4 million doses of the coronavirus vaccine developed by Pfizer and BioNTech in January and will bring the total amount to 11 million by March, per Reuters.

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• 14 December 2020 5:33 pm

  European Bond Yields Bouncing From Lowest in a Month

  

  Eurozone government bond yields rose, away from one-month lows in trading on Monday, like the recent extension of Brexit talks eased fears of a messy divorce Brexit. Eurozone and UK Treasury yields ranged 1 to 3 basis points, with Germany’s 10-year yield, the benchmark for the bloc, rising 1.5 basis …

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• 14 December 2020 4:59 pm

  UK PM Johnson’s spokesman: We Remain Hopeful of Reaching an Agreement With The EU

  

  British Prime Minister Boris Johnson’s spokesman said on Monday that it’s still possible that they will not be able to reach a trade deal with the European Union due to remaining gaps, as reported by Reuters. “Time is in very short supply and has been for some time,”.”We remain hopeful …

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• 14 December 2020 4:14 pm

  EU: Industrial Production expanded by 2.1% in October

  

  Industrial Production in the Eurozone rose by 2.1% on a monthly basis in October following September’s modest growth of 0.1%, the data published by the Eurostat showed. This reading came in slightly better than the market expectation of 2%. Further details of the publication revealed that Industrial Production in the …

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