Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2020

• 24 November 2020 1:05 pm

  Japan Shares Closed at Peak of Several Years on Vaccine Hopes And Biden

  

  Japanese stocks closed at a multi-year high on Tuesday, November 24, as progress in developing an inexpensive vaccine to prevent the Coronavirus boosted hopes for a speedy economic recovery, and sentiment received additional support from the approval of a formal transfer of power to US President-elect Joe Biden. The Nikkei …

  Read More »
• 24 November 2020 12:28 pm

  Gold Dropping on Vaccine Hopes And Smooth Transition in The White House

  

  Gold continued to decline to its lowest level in four months Tuesday, November 24, as investors appealed to high-risk assets after the pharmaceutical company, AstraZeneca, ignited the race for a Coronavirus vaccine and a US federal agency approved the start of procedures for the presidential transition in the United States …

  Read More »
• 24 November 2020 1:52 am

  UK Again Preparing for No Deal Brexit

  

  The UK’s Minister of Finance, Rishi Sunak, has played down the effect of a no trade deal Brexit, in a recent interview with the Financial Times. “They may well talk, but nothing is scheduled.”“We aren’t quite at the point where leaders get involved.” Sunak did not reveal a model in …

  Read More »
• 24 November 2020 1:42 am

  Biden to Name Yellen as Treasury Secretary

  

  The United States President-elect Joe Biden is reportedly planning to nominate the former Federal Reserve Chairwoman Janet Yellen to be the next Secretary of Treasury, the Wall Street Journal has reported.

  Read More »
• 24 November 2020 1:39 am

  Wall Street Ends Monday Higher on Vaccine News

  

  The main indices of the New York Stock Exchange (NYSE) closed higher on Monday, opening the week with a positive performance, supported by news about the success of new Coronavirus vaccines. The Dow Jones Industrial Average finished higher by 327.79 points, or 1.12%, at 29,591.27 points. The S&P 500 index …

  Read More »
• 24 November 2020 1:28 am

  Oil Settles at Highest Level Since March

  

  Oil prices closed higher on Monday, opening the week with a positive performance, supported by positive news about Coronavirus vaccines. Brent crude futures for January delivery surged by $1.10, or 2.5%, to settle at $46.06 per barrel. This is the highest closing level for the global benchmark active contracts since …

  Read More »
• 24 November 2020 1:23 am

  Gold Closes with Biggest Losses in Two Weeks

  

  Gold prices declined on Monday, registering its biggest daily decline in about two weeks. This comes as positive news about a number of Coronavirus vaccine candidates are spurring risk appetite and reducing demand for safe havens. Gold futures for December delivery decreased by $36.40, or 1.8%, and settled at $1,837.8 …

  Read More »
• 24 November 2020 1:19 am

  Fed’s Barkin: Vaccine Could be Ready by Next Year

  

  The President of the Federal Reserve Bank of Richmond, Thomas Barkin, said on Monday that a Coronavirus vaccine could not be widely available until the summer of 2021, Reuters reported. This means that more Americans could struggle in the absence of government stimulus. However, Barkin is expecting a slow and …

  Read More »
• 23 November 2020 10:43 pm

  BoE Monetary Policy Report Hearings Summary

  

  The Governor of the Bank of England (BoE), Andrew Bailey, said on Monday that a no-deal Brexit could result in longer-term damage to the British economy compared with the Coronavirus (COVID-19) crisis, Reuters reported. “Well, I think the long-term effects … would be larger than the long-term effects of COVID,” …

  Read More »
• 23 November 2020 9:39 pm

  European Stocks End Mostly Unchanged

  

  European stocks showed a mixed performance on Monday, opening the week amid hopes for new COVID-19 vaccines and the rising number of cases and renewed lockdown measures in many parts of the continent. The STOXX Europe 600 closed marginally lower by 0.010%. Meanwhile, the UK’s FTSE100 declined by 0.28%, while …

  Read More »
• 23 November 2020 8:09 pm

  Schnabel: ECB Must Monitor Shadow Banks

  

  Board member of the European Central Bank (ECB), Isabel Schnabel, said on Monday that the ECB needs to monitor the growing role of shadow banks. “Unlike banks, these market participants often do not have access to central bank operations.”“Were the transmission across money market rates to weaken, or rates to …

  Read More »
• 23 November 2020 7:19 pm

  Canada’s Wholesale Sales Expected to Rise 0.9% in October

  

  Wholesale sales in Canada are expected to have increased by 0.9% in October, according to estimates by Statscan released on Monday, Reuters reported. The rise in wholesale sales follows an equal one in September. The preliminary estimate is based on a weighted response rate of 53.0%, according to Statscan. Meanwhile, …

  Read More »
• 23 November 2020 7:09 pm

  US PMI Records Largest Gain in Five Years – IHS Markit

  

  The seasonally adjusted IHS Markit Flash United States Composite purchasing managers’ index (PMI) output index posted 57.9 in November, up from 56.3 in October. The rate of growth was the sharpest since March 2015, as a steep upturn in service sector activity was accompanied by an accelerated rise in manufacturing …

  Read More »