Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2020

• 11 November 2020 8:31 pm

  EU Approves New Trade Deal with US

  

  The European Union (EU) supported a small trade agreement with the United States that will see the removal of tariffs on American lobsters, as the US awaits a new administration, Reuters reported. The agreement, which was reached in August, will remove 8% to 12% tariffs on the imports of lobsters, …

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• 11 November 2020 7:35 pm

  Dollar Rises across the Board

  

  The US Dollar (USD) continues to show a positive performance on Wenesday, supported by an improved investors’ sentiment. The Dollar Index (DXY), which measures the performance of the USD against a basket of six major international currencies, is up by 0.45% at 93.17 earlier in the American session. The index …

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• 11 November 2020 5:53 pm

  Christine Lagarde’s Speech Summary

  

  Christine Lagarde, President of the European Central Bank, is delivering her remarks at the ECB Forum on Central Banking 2020. “Developments in the exchange rate may have a negative impact on the path of inflation.”“If this second wave of the virus proves to be less intense than the first, it …

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• 11 November 2020 5:23 pm

  US: Mortgage Applications Fall For The First Time in Three Weeks

  

  Data released by the Mortgage Bankers Association showed that mortgage applications in the United States fell 0.5% in the week ending November 6th.It marked the first drop in three weeks, after an increase of 3.8% in the previous period. The average contract interest rate for 30-year fixed-rate mortgages with conforming …

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• 11 November 2020 4:48 pm

  Oil Rises to $45 For The First Time Since August!

  

  Oil rose to $45 a barrel during Europen session for the first time in 10 weeks. Where the apparent decline in US crude inventories reinforced the rise in oil prices, which was mainly supported by Pfizer’s vaccine. The American Petroleum Institute (API) reported that crude inventories fell 5.15 million barrels …

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• 11 November 2020 3:55 pm

  Pfizer And BioNTech Reach Agreement With EU to Supply 200 Million Doses of Coronavirus Vaccine

  

  Pfizer and BioNTech have reached an agreement with the European Union (EU) to supply the EU with 200 million doses of their coronavirus vaccine, as reported by Reuters. “Agreement provides a supply of 200 million doses and an option to request additional 100 million doses.”“Deliveries anticipated to start by end of 2020, …

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• 11 November 2020 3:50 pm

  Gold Rises as US Dollar Weakens And Covid-19 Cases Mount

  

  Gold rose on Wednesday, November 11th, thanks to a weak dollar as investors study the logistical challenges surrounding the massive production of a potential Covid-19 vaccine in light of the increase in new virus infections, which strengthens the bet on greater economic support. And gold rose in the spot market …

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• 11 November 2020 2:31 pm

  US Dollar Down on Covid-19 Concern

  

  The dollar incurred losses on Wednesday, November 11, as concerns about how the Covid-19 vaccine would be distributed over optimism about it, as well as the growing number of infections with the Coronavirus that causes the disease in the United States. The New Zealand dollar recovered from initial losses to …

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• 11 November 2020 1:43 pm

  Auto Sales in China Climbed 12.5% in October

  

  Car sales in China rose 12.5% in October compared to the same month a year ago, marking an increase for the seventh month in a row as the world’s largest auto market continues to lead the global auto industry’s recovery from its lows with the Covid-19 pandemic. The data from …

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• 11 November 2020 1:28 pm

  Nikkei Closed at a 29-Year High as Poll Hopes Continued to Rise

  

  The Japanese Nikkei Index rose to close at a new high in 29 years, as investors still hoped for a rapid global recovery from the Covid-19 pandemic, supported by developments related to the vaccine. The benchmark Nikkei Index closed 1.78% higher at 25,349.6 points, its highest close since June 1991. …

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• 11 November 2020 12:34 pm

  API: A Sharp Decline in Crude And Gasoline Inventories in the United States Last Week

  

  Data from the American Petroleum Institute on Tuesday showed that crude oil inventories in the United States fell sharply last week. Crude stocks fell by 5.1 million barrels in the week ending on the sixth of November to about 482 million barrels, while analysts polled by Reuters had expected a …

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• 11 November 2020 11:45 am

  Oil Rising 3% on Vaccine Hopes Despite Lockdowns

  

  Oil prices jumped about 3% today, Tuesday, after hopes that a vaccine for Covid-19 looms on the horizon on concern about a drop in fuel demand due to new measures for public isolation to contain the Coronavirus Brent crude ended the world record for the nearest trading session maturity, up …

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• 11 November 2020 3:14 am

  Could the New European Budget Face the COVID-19 Crisis?

  

  The European Union (EU) and the European Parliament have agreed on the details of the next European budget with a total value of EUR 1.8 trillion, it was reported on Tuesday. The 2021-2027 EU budget will include a new recovery package for curbing the impact of the Coronavirus (COVID-19) crisis. …

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