Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2020

• 22 December 2020 3:04 pm

  Currencies Overview: EUR and GBP Facing Pressure, US Dollar Continues to Rise

  

  The euro and the pound faced pressure against the dollar today, Tuesday, with the outbreak of a new strain of the Coronavirus in Britain, which led to the closure of important trade routes and caused a crisis in supply chains with the close of the deadline for concluding a trade …

  Read More »
• 22 December 2020 3:00 pm

  Gold Dropping as US Dollar’s Strength Overwhelmed the Stimulus Package

  

  Gold prices plunged today, Tuesday, as the strength of the dollar overshadowed the support resulting from the US Congress’s approval of a long-awaited aid package of nearly $ 900 billion linked to the Coronavirus, while sentiment was also affected by some profit-making sales. And gold fell in the spot market …

  Read More »
• 22 December 2020 1:40 pm

  Record Growth For Britain’s Economy at 16% in Q3

  

  Official data showed that the economic recovery in Britain from the collapse caused by the Corona virus in the period from July to September was somewhat faster than previously thought, and it also reported that government borrowing had jumped for spending related to the Corona virus crisis. GDP grew at …

  Read More »
• 22 December 2020 12:56 pm

  Congress Approves Long-Awaited $900 Billion Covid Rescue Package

  

  The US Congress has passed the long-awaited “stimulus package” Covid relief bill and the government’s funding plan Here are key provisions that will be included as part of the agreement, according to summaries of the legislation released by Democratic and GOP leadership: Direct payment checks of up to $600 per …

  Read More »
• 22 December 2020 12:19 pm

  Nikkei Drops to 3-Week Low as The New Virus Strain Affects Recovery Hopes

  

  Japanese stocks tumbled to a three-week low today, Tuesday, as investors reaped profits after record gains over the past two months, amid fears that a new strain of the rapidly spreading Coronavirus discovered in Britain would undermine the speed of the global economic recovery. The Nikkei fell 1.04%, the biggest …

  Read More »
• 22 December 2020 11:49 am

  Oil Falls On New Strain of Coronavirus

  

  Oil prices incurred more losses today, Tuesday, which add to the sharp losses from the previous session, as a new strain of the emerging corona virus in Britain raises concerns about a recovery in fuel demand. The fast-spreading new strain of the Corona virus caused the closure of most areas …

  Read More »
• 22 December 2020 3:26 am

  London Not Looking to Extend Brexit Transitional Period

  

  The United Kingdom (UK) has no intention to extend the Brexit transitional period, which ends on December 31 in order to allow more time for negotiations with the European Union (EU), as expressed by a spokesperson for the British Prime Minister Boris Johnson. The First Minister of Scotland, Nicola Sturgeon, …

  Read More »
• 22 December 2020 2:49 am

  Europe Grants Authorization for Pfizer-BioNTech Vaccine

  

  The European Medicines Agency has recommended authorizing the Coronavirus vaccine for people aged 16 and older, CNBC reported. The authorized vaccine is the one developed by Pfizer and BioNTech, with vaccinations in Europe expected to start within a week. This comes less than two weeks after the vaccine was rolled …

  Read More »
• 22 December 2020 1:59 am

  Biden Gets COVID-19 Vaccine

  

  The President-elect of the United States, Joe Biden, received on Monday the first dose of the Coronavirus vaccine. Biden told Americans that there’s nothing to worry about regarding the vaccine, NBC News reported. The President-elect got the Pfizer-BioNTech vaccine. “I’m doing this to demonstrate that people should be prepared, when …

  Read More »
• 22 December 2020 1:28 am

  DXY to Finish off Session Highs

  

  The US Dollar (USD) showed a positive performance against major currencies on Monday, opening the week with support from investors’ demand spurred by concerns about a new variant of the Coronavirus. The Dollar Index (DXY), which measures the greenback performance against a basket of six international currencies, is up by …

  Read More »
• 22 December 2020 1:19 am

  Oil Prices Decline on Coronavirus Concerns

  

  Oil prices declined on Monday, on the back of renewed concerns about a new variant of the novel Coronavirus that caused a global pandemic. New lockdown measures could sharply impact the demand for oil, which is driving investors’ worries across the markets. Brent crude futures for February delivery closed lower by …

  Read More »
• 21 December 2020 11:28 pm

  Gold Finishes Lower Amid Coronavirus Skepticism

  

  Gold prices decline on Monday, as the US Dollar (USD) rose across the board on concerns about a new variant of the coronavirus. Gold futures for February delivery decreased by $6.10, or 0.3%, to finish at $1,882.80 per ounce. The yellow metal failed to gain enough support from the recently …

  Read More »
• 21 December 2020 10:40 pm

  GBP/USD Declines on New Coronavirus Variant

  

  Announcing the discovery of a new variant of the Coronavirus in the United Kingdom (UK) has led to the decline of the British Pound (GBP) on Monday. The GBP is down by 1.12% against the US Dollar (USD), trading at 1.3372. Earlier today, the GBP/USD pair fell as low as …

  Read More »