Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2020

• 17 November 2020 2:51 am

  Citi Sees 10-Year Treasury Yields at 1.25% Next Year

  

  Citi bank expects that the 10-year Treasury yields in the United States will rise to 1.25%, from a current 0.9%, in 2021. This should be as markets look through bad fundamentals towards recovery, MarketWatch reported. “We expect the bond selloff to stop when yields reach 1.25%, so removing a key …

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• 17 November 2020 12:49 am

  Oil Logs another Gain on Vaccine News

  

  Oil prices rose on Monday, supported by positive news about a Coronavirus vaccine by Moderna. Earlier today, Moderna reported that its vaccine candidate has proved about 95% effective in the prevention of contracting the virus. Brent crude futures for January delivery closed higher by $1.04, or 2.4%, at $43.82 per …

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• 17 November 2020 12:39 am

  Gold Maintains Gains for Third Day in Row

  

  Gold prices rose on Monday for the third consecutive session, amid concerns about the new wave of the Coronavirus pandemic, despite positive news about the vaccine being developed by Moderna. Accordingly, gold futures for December delivery saw limited gains, closing higher by $1.60, or 0.08%, at $1,887.80 per ounce. Last …

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• 16 November 2020 10:51 pm

  European Stocks Close Higher on Vaccine News

  

  European stocks closed Monday higher, opening the week with a positive performance on the back of positive news about the Moderna COVID-19 vaccine. The STOXX Europe 600 index rose by 1.18% and finished at 389.74 points. The UK’s FTSE100 closed higher by 1.66%, while the French CAC40 index gained 1.7%. …

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• 16 November 2020 8:27 pm

  AUD/USD Shows Strong Gains on Chinese Data

  

  The Australian Dollar (AUD) continues to show a strong performance on Monday, supported by strong industrial data in China, since China is Australia’s largest trade partner. The AUD is up by 072% against the US Dollar (USD), with the AUD/USD pair trading at 0.7322. The pair has been moving in …

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• 16 November 2020 7:41 pm

  USD Attempting Recovery from Daily Lows

  

  The US Dollar (USD) is attempting recovery on Monday, after spending most of the European session in the negative territory. The Dollar index (DXY), which measures the USD performance against a basket of six major international currencies, is down by 0.08% at 93.68. The index has been moving today in …

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• 16 November 2020 7:01 pm

  Canadian Manufacturing Sales Rise in September

  

  Manufacturing sales in Canada increased by 1.5% to CAD 53.8 billion in September, data by Statistics Canada showed on Monday. The reading follows a monthly revised decline of 1.4% in August, from an initially estimated 2% decrease.

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• 16 November 2020 6:10 pm

  US: NY Empire State Manufacturing Index Drops to 6.3 in November

  

  The headline General Business Conditions Index of the NY Fed’s Empire State Manufacturing Survey fell to 6.3 in November from 10.5 in October, the NY Fed’s report revealed on Monday. This reading missed analysts’ estimate of 13.5 by a wide margin.

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• 16 November 2020 4:41 pm

  Moderna Says Its COVID-19 Vaccine is 94.5% Effective

  

  Moderna said its initial, third-beta data show its coronavirus vaccine is more than 94% effective in preventing Covid-19 – a result that CEO Stéphane Bancel has called it a “game-changer”. He added, “The thing that got me the most excited today was the severe disease.” Moderna, which developed its vaccine …

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• 16 November 2020 4:00 pm

  Risk Flows Started to Dominate Markets After Moderna Announces Longer Shelf Life For Vaccine

  

  Risk flows started to dominate financial markets on Monday after Moderna announced that its COVID-19 vaccine candidate is expected to remain stable at standard refrigerator temperatures of 2° to 8°c for 30 days.

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• 16 November 2020 3:35 pm

  European Stocks Rise on Chinese Data

  

  European stocks rose on Monday (November 16th), hovering near nine-month highs after strong Chinese data and hopes for a COVID-19 vaccine renewed bets on a faster economic recovery. Chinese factory production increased faster than expected in October and retail sales rose as the recovery momentum in the world’s second largest …

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• 16 November 2020 3:02 pm

  China Says it Will Boost Investment in Strategic Industries

  

  China’s National Bureau of Statistics said that Chinese economic growth will accelerate in the Q4 at a faster pace than in Q3. The latest data showed that Chinese industrial output rose faster than expected in October, while retail sales grew at a slower than expected pace.

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• 16 November 2020 2:32 pm

  Oil Rising on Hopes of Restricting OPEC Supply

  

  Oil prices rose on Monday, November 16, offsetting some of the previous session’s losses to support hopes that OPEC + will maintain the current production restrictions, overshadowing concerns about the decline in fuel demand due to the growing infection with the Coronavirus and the increase in production in Libya. Prices …

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