Open Demo Account

Market Analysis

September, 2020

  • 9 September 2020 8:11 pm

    US Job Openings Rise in July

    Job openings in the United States increased by 617,000 to 6.6 million by the end of July, data by the US Department of Labor showed on Wednesday, Reuters reported. The Department of Labor monthly Job Openings and Labor Turnover Survey (JOLTS) showed that job opportunities remained below 7 million, its …

    Read More »
  • 9 September 2020 8:04 pm

    Bank of Canada: Economic Rebound Faster than Anticipated

    Today, the Bank of Canada maintained its main interest rates and decided to continue its quantitative easing (QE) program, with large-scale asset purchases of at least CAD 5 billion worth of government bonds every week. “Both the global and Canadian economies are evolving broadly in line with the scenario in …

    Read More »
  • 9 September 2020 7:04 pm

    Bank of Canada Maintains Interest Rates

    The Bank of Canada announced on Wednesday that it has decided to maintain its key interest rate unchanged at 0.25%.

    Read More »
  • 9 September 2020 6:00 pm

    Morgan Stanley: Brent Crude to Rise to $50/bbl in 2021 on Inflation And Weaker Dollar

    Morgan Stanley said in a note on Wednesday that he expects Brent crude prices to rise to $ 50 a barrel by the second half of 2021, supported by a weakening dollar and increasing inflation. “Unprecedented expansion of monetary aggregates has weakened the US dollar and put upward pressure on …

    Read More »
  • 9 September 2020 5:25 pm

    China to Support Consumption to Contribute to Recovery of Economy

    The Chinese government said it would support consumption to contribute to the recovery of the economy, adding, “Consumption has been relatively hit by the need this year and has become the weak link in the economic recovery.” Official data showed that retail sales in China fell 1.1% in July, compared …

    Read More »
  • 9 September 2020 4:29 pm

    India’s fuel demand declined 15.6% year-on-year in August

    Fuel demand in India fell 15.6% in August compared to the same month last year, as data released by the Petroleum Planning and Analysis at the Ministry of Oil showed that total fuel consumption, an indicator of oil demand, reached 14.39 million tons. Gasoline sales were 7.5% lower than a …

    Read More »
  • 9 September 2020 3:36 pm

    The Yen Rises on Concerns About Corona Vaccine and Technology Stocks

    The Japanese yen rose due to growing concerns in financial markets on Wednesday, September 9, and after US technology stocks saw a sell-off the previous day and as a coronavirus vaccine faces delays. The US dollar was supported by a decline in the stock market prompted investors to sell riskier …

    Read More »
  • 9 September 2020 3:25 pm

    Bank of Canada Rate Decision Preview

    The Bank of Canada is widely expected to keep the interest rate unchanged at 0.25% at its meeting on Wednesday, with Bank of Canada Governor Tiff Macklem recently indicating that the bank will not raise rates Until 2023. The Canadian dollar hit 1.2994, its highest against the US dollar on …

    Read More »
  • 9 September 2020 2:54 pm

    Turkish Lira at a Record Low Below 7.49 Against US Dollar

    The Turkish lira fell to a record level below 7.49 against the dollar, under the influence of growing risk aversion, which increased selling pressure in the world. The lira recorded a low level at 7.4920, bringing its losses against the US currency since the beginning of this year to about …

    Read More »
  • 9 September 2020 1:50 pm

    European Shares Rise, AstraZeneca Plummet Due to Halting Coronavirus Vaccine Trials

    European shares stabilized on Wednesday after falling sharply in the previous session, but sentiment was shaken by the suspension of AstraZeneca global trials of its Covid-19 vaccine. AstraZeneca shares fell 1.3% as it announced the suspension of large trials in its final stages on an experimental vaccine due to the …

    Read More »
  • 9 September 2020 1:29 pm

    Japan Shares at Their Lowest Level in a Week And Half

    Japanese stocks hit their lowest levels in more than a week on Wednesday, September 9th, in light of global risk aversion as heavy technology companies continued losses in the United States. The Nikkei index closed 1.04% lower at 2,3032.54 points, while the broader TOPIX index lost 0.96% to 1,605.40 points. …

    Read More »
  • 9 September 2020 12:18 pm

    Gold Falling, Dollar Rise And Eyes on Banks

    Gold prices fell on Wednesday, September 9th, as the dollar’s rally overshadowed the support caused by the decline in global stocks, while investors awaited monetary policy strategies from central banks this week. Spot gold fell 0.3% to 1925.97 dollars an ounce by 06:16 GMT. And gold in US futures fell …

    Read More »
  • 9 September 2020 11:32 am

    Chinese CPI Fell 2.4% in August, in Line With Expectations

    China’s CPI fell 2.4% in August on an annualized basis, in line with expectations. In addition, the producer price index registered a 2% decline, in line with expectations for the same period. It is reported that this decline came at the slowest annual pace since last March, indicating that the …

    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