Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2020

• 30 October 2020 8:50 pm

  US Consumer Spending Rises in September

  

  Consumer spending in the United States increased by 1.4% in September, exceeding market expectations. This comes after consumer spending rose by 1% in August, a level that was expected to be maintained last month. It is worth noting that consumer spending makes up around two-thirds of economic activity in the …

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• 30 October 2020 7:24 pm

  USD Stabilizes After Showing Fluctuations

  

  The US Dollar (USD) is stabilizing on Friday against major currencies after fluctuating earlier in the day, as it moved from the negative territory to be mostly unchanged from its closing level yesterday. The Dollar Index (DXY) is marginally down by 0.1% at 93.86. The index has been moving in …

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• 30 October 2020 6:15 pm

  Wall Street Opens Lower as Technology Declines and Covid Grows

  

  The main US stock indices fell at the open today, Friday, affected by sales in technology companies after reports of results below expectations, while pessimism was exacerbated by a record increase in cases of Coronavirus infection and concerns about the presidential election. The Dow Jones Industrial Average lost 86.84 points, …

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• 30 October 2020 6:12 pm

  US: UoM Consumer Sentiment Index Improves to 81.8 in October

  

  The Consumer Sentiment Index in the US rose from 80.4 in September 81.8 (final) in October, the University of Michigan’s latest Surveys of Consumers showed on Friday. This reading came in better than the market expectation and the previous estimate of 81.2. Further details of the publication revealed that the …

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• 30 October 2020 6:12 pm

  US: Annual Core PCE Price Index Edges Higher

  

  The Personal Consumption Expenditures (PCE) Price Index in September rose 0.2% on a monthly basis, the US Bureau of Economic Analysis reported on Friday. On a yearly basis, the PCE Price Index increased to 1.4% from 1.3% in August (revised from 1.4%). Additionally, the annual Core PCE Price Index, the …

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• 30 October 2020 6:11 pm

  Canada Real GDP Grew by 1.2% in August

  

  The economic activity in Canada expanded by 1.2% on a monthly basis in August, the data published by Statistics Canada showed on Friday. This print followed July’s growth of 3.1% (revised from 3%) and beat the market expectation of 0.9%. “This fourth consecutive monthly increase continued to offset the steepest …

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• 30 October 2020 6:10 pm

  US: Personal Income Rise by 0.9% in September vs. 0.4% Expected

  

  Personal Income in the US rose by 0.9% on a monthly basis in September following August’s contraction of 2.5%, the US Bureau of Economic Analysis reported on Friday. This reading came in slightly better than the market expectation for an increase of 0.4%. Further details of the report revealed that …

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• 30 October 2020 3:52 pm

  The German Economy Grew More Than Expected in Q3

  

  Germany’s GDP grew by 8.2% during the third quarter of 2020, compared to the previous quarter, amid increased consumption from households, a strong increase in exports and positive activity in manufacturing, according to official data. Experts polled by Reuters had expected growth of 7.3% in Q3. The German economy contracted …

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• 30 October 2020 3:41 pm

  Gold Rallies as US Dollar Falls and Pandemic Fears Grow

  

  Gold won today, Friday, as the dollar fell, which pushed safe haven flows towards the yellow metal again after an increase in cases of Coronavirus in the United States and Europe, threatening to derail the global economic recovery from its course. Spot gold rose 0.1% to $ 1869.16 an ounce …

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• 30 October 2020 2:39 pm

  Dollar Settles And Euro near its 4-Week Low After ECB announcement

  

  The dollar halted its rally on Friday, while the euro remained near a four-week low against the US currency after the European Central Bank hinted at more monetary easing by the end of the year. Overnight, the euro’s decline, combined with US data, helped push the dollar to near a …

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• 30 October 2020 2:36 pm

  America Records a New Record Jump in Daily Corona Cases

  

  A Reuters count showed that the United States exceeded its record for the number of new daily infections with the Coronavirus on Thursday, with more than 91,000 new cases recorded. This sudden increase in the number of cases comes less than a week before the presidential elections, which will be …

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• 30 October 2020 1:31 pm

  Japan Shares Decline, Posting Largest Weekly Loss in 3 Months

  

  Japanese stocks fell on Friday and recorded their biggest weekly loss in three months as sentiment hurt by mixed business reports, high cases of Coronavirus and the uncertainty surrounding the US presidential election. The benchmark Nikkei index fell 1.52% to 22,977.13 points. The index fell 2.3% this week, the biggest …

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• 30 October 2020 12:48 pm

  German Retail Sales Fell More Than Expected in September

  

  Data on Friday showed that German retail sales fell more than expected in September, dampening hopes that household spending will lead to a strong recovery in Europe’s largest economy in the third quarter after the first wave of the Covid-19 pandemic. The Federal Statistics Office said retail sales fell 2.2% …

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