Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2020

• 27 August 2020 4:52 pm

  US: More Than 1 Million Americans Applied For Unemployment Benefits

  

  There were 1,006,000 Initial Claims for unemployment benefits in the US during the week ending August 22nd, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed last week’s print of 1,104,000 (revised from 1,106,000) and came in slightly worse than the market expectation …

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• 27 August 2020 4:41 pm

  US: Real GDP Contracts by 31.7% in Q2

  

  The United States’ Real Gross Domestic Product (GDP) contracted at an annual rate of 31.7% in the second quarter, the US Bureau of Economic Analysis’ second estimate showed on Thursday. This reading came in better than the advance estimate of 32.9% and the market expectation of 32.5%.

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• 27 August 2020 4:23 pm

  Hurricane Laura is The Biggest Threat to America’s Oil Production in 15 Years

  

  After raising it to the fourth category, Hurricane Laura is classified as the biggest threat to US oil in 15 years, in light of the expected damage to the energy infrastructure in the region as the halt of US oil production in the Gulf of Mexico approaches its level during …

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• 27 August 2020 3:22 pm

  Kudlow: Trump Administration is “Satisfied” With China’s Implementation

  

  White House economic adviser Larry Kudlow said Trump administration officials are convinced that China is implementing a “phase 1” trade agreement with the United States, following a high-level phone call to review progress. He added that US Trade Representative Robert Lighthizer is “satisfied” that China has so far implemented the …

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• 27 August 2020 2:33 pm

  European Stocks Falling Down, Focus on Powell

  

  European stocks fell during early trading on Thursday, as investors awaited US Federal Reserve Chairman Jerome Powell’s speech for new clues about the path of monetary policy. The Stoxx 600 index currently fell by 0.43% to 371.5 points, while “FTSE” fell by 0.42% to 6,019.82 points. The German DAX index …

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• 27 August 2020 2:16 pm

  Japanese Stocks Closing Lower

  

  Japanese indices fell on Thursday, amid concerns among investors about the tension between the United States and China and focus on the speech of Jerome Powell, Chairman of the US Federal Reserve. Nikkei 225 index fell by 0.35% to 23208.86 points, while TOPIX ​​index fell by 0.53% at 1615.89 points. …

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• 27 August 2020 2:12 pm

  FX Option Expiries For Aug 27 NY Cut

  

  FX option expiries for Aug 27 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1750 530m1.1755 658m1.1800 581m1.1900 1.0bn1.1950 823m – USD/JPY: USD amounts          104.90 425m105.00 1.7bn105.50 890m105.75 706m106.50 404m106.60 706m107.00 441m107.15 353m – AUD/USD: AUD amounts 0.7190 587m – USD/CAD: USD amounts         1.3100 …

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• 27 August 2020 1:47 pm

  US Dollar Near its Lowest Level in a Week Before the US Fed Chairman’s Speech

  

  The dollar remains near its lowest level in a week which it reached earlier Thursday 27 August, before a speech by US Fed Chairman Jerome Powell is expected to hint that the bank will adjust its policy framework to help raise inflation. Powell is scheduled to deliver his speech at …

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• 27 August 2020 12:10 pm

  Gold Declines With Profit-Taking and Investors Awaited Signs From The US Federal

  

  Gold fell Thursday, August 27th, following a sharp increase in the previous session as investors adjusted their positions to focus on whether the US Federal Reserve chairman will hint at a change in monetary strategy. By 06:22 GMT, spot gold fell 0.8% to 1938.32 dollars an ounce, after rising 1.3% …

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• 27 August 2020 11:28 am

  Gold Futures Declined During Asian Session

  

  According to the COMEX, gold futures were traded for December at $ 1949.80 per ounce, down 0.44%. It previously traded at a session low$ 1946.25 an ounce. Gold may find points of support at $ 1908.40 and resistance at $ 1970.30. The dollar index, which measures the performance of the …

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• 27 August 2020 11:08 am

  Chinese Industrial Profits Rose at Fastest Pace in Two Years

  

  Chinese industrial profits rose at the fastest pace in two years, as the sector’s monthly profits rose 8.1% in July. The annual profits of Chinese industrial companies grew by 19.6% to exceed $ 85 billion. This data is an additional indication of the recovery of the second-largest economy in the …

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• 27 August 2020 11:04 am

  Oil prices stable as Gulf of Mexico Braces For Laura

  

  Oil prices stabilized Thursday (August 27th) as a massive hurricane in the Gulf of Mexico affecting US oil industry, forcing oil drilling rigs and refineries to stop production. Brent crude futures for October delivery, which expire on Friday, rose 13 cents, or 0.3%, to $ 45.77 a barrel, after falling …

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• 27 August 2020 1:16 am

  NYSE Maintains Record-Breaking Rally

  

  The New York Stock Exchange (NYSE) closed higher on Wednesday, supported by the tech stocks gains, positive economic data, and expectations that the US Federal Reserve will maintain its monetary policy for the near future. The Dow Jones Industrial Average added 83.48 points or 0.30% and closed at 28,331.92. The …

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