Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2020

• 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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• 14 December 2020 3:18 pm

  Extended of Brexit Talks Pushes European Stocks

  

  European stocks rose Monday, December 14th, as the decision to extend trade talks between Britain and the European Union kept hopes for an agreement, but the leading stocks in London were negatively affected by the rise of the British pound and AstraZeneca down by 6.3%. The European Stoxx600 index rose …

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• 14 December 2020 2:17 pm

  Oil Prices Rise With The Increase in Vaccine Hopes And a Tanker Explosion in Saudi Arabia

  

  Oil prices rose on Monday, December 14th, to push Brent above $50 a barrel again thanks to hopes that the start of using Coronavirus vaccines will lead to increased demand for fuel, while an oil tanker explosion in Saudi Arabia has caused tension in the market. Brent crude futures for …

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• 14 December 2020 2:15 pm

  Pound Optimistic About Brexit Talks

  

  The pound rose against the dollar and the euro thanks to hopes that Britain and the European Union would reach a free trade agreement after the decision to extend negotiations after the previous deadline expired on Sunday. The dollar traded near its lowest level in two and a half years …

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• 14 December 2020 1:17 pm

  Turkey’s Industrial Production Jumps 10.2% Y-o-Y in October

  

  Official data showed Turkey’s industrial production rose 10.2% year-on-year in October, continuing to rise for the fifth consecutive month in recovery from a slowdown caused by anti-Coronavirus pandemic closures until June. Compared to the previous month, industrial production increased 1.1% in October, according to the Turkish Statistical Institute. Turkey recorded …

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• 14 December 2020 12:22 pm

  Gold Dropping Amid Less Demand as The Vaccine Begins to be Used

  

  Gold prices fell on Monday, December 14th, as riskier assets rose due to the start of the use of the Covid-19 vaccine, which cast a shadow over hopes for more financial and monetary stimulus in the United States. The spot price of gold was down 0.3% to $ 1833.21 an …

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• 14 December 2020 6:46 am

  Weekly Recap – Dec 11

  

  Positive news regarding the launch the Vaccination campaign dominated the markets, but the Brexit crisis and the US financial stimulus still cast a shadow on the markets. In the UK, monthly GDP continued to slow down, falling to 0.4% in October, its lowest level in 6 months. British economic output …

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