Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2020

• 17 August 2020 9:02 am

  Weekly Recap 10-14 AUG

  

  Optimism regarding the development of a vaccine of Covid-19 continued to dominate the markets. Also, Democratic and Republican parties failed to reach an agreement on the second stimulus and financing package of Coronavirus. The US currency suffered heavy losses during last week’s, to record a decline for the eighth consecutive …

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• 15 August 2020 3:21 am

  NYSE Ends Friday Mixed but Records Weekly Gains

  

  The New York Stock Exchange (NYSE) showed a mostly negative performance on Friday, as weak economic data in the United States weighed on the stock market, amid concerns over a second wave of the COVID-19 pandemic. The Dow Jones Industrial Average added 0.1%, while S&P 500 lost less than 0.1%, …

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• 15 August 2020 2:59 am

  Kaplan Ok With Inflation Above 2%

  

  President of the Federal Reserve Bank of Dallas, Robert Kaplan, has expressed tolerance with the idea of the inflation rate going above the 2% target. “I would be willing to see inflation run moderately above 2% in the aftermath of periods where we’ve been running persistently below.”“I’m not making a …

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• 15 August 2020 2:06 am

  Oil Prices Settle Lower but Record Weekly Gains

  

  Oil prices settled lower on Friday, narrowing its weekly gains, amid concerns over the recovery of the demand and a second wave of the coronavirus (COVID-19) pandemic. Brent crude futures for October delivery finished lower by 0.4% at $44.80 per barrel, but gained 0.9% for the week. Meanwhile, the West …

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• 15 August 2020 1:08 am

  Review of U.S. and China Trade Deal Postponed

  

  The review of trade deal between the United States and China, which was scheduled to take place on Saturday, has been delayed, Reuters first reported. However, the new date for the review has not been announced yet. U.S. Trade Representative Robert Lighthizer recently expressed satisfaction regarding the trade agreement between …

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• 15 August 2020 12:07 am

  Gold Registers First Weekly Loss in Two Months

  

  Gold prices declined on Friday, marking the end of the worst-performing week for the precious metal since March. An increase in the U.S. Treasury Yields has dominated some of the market’s demand for safe havens, leaving its toll on the yellow metal. After trading as high as 2,072 last week, …

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• 15 August 2020 12:00 am

  European Stocks Ends Week in Losses

  

  Concerns over a second wave of the coronavirus disease (COVID-19) led European stocks to close lower on Friday. The STOXX Europe 600 index fell by 1.17% to end the week at the level of 368.16 points. Meanwhile, FTSE100 dropped by 1.55%, and CAC40 settled lower by 1.58%. DAX fell by …

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• 14 August 2020 11:55 pm

  U.S. Inventories Down in June

  

  Business inventories in the United States declined during the month of June by 1.1% after decreasing by 2.3% in May, according to data by the U.S. Census Bureau of the Department of Commerce Retail inventories decreased by 2.6% in June, while wholesale inventories fell by 1.4%. Due to recent events …

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• 14 August 2020 10:16 pm

  Canada’s Manufacturing Sales Rise 20.7% in June

  

  Manufacturing sales in Canada grew by a record 20.7% to CAD 48.7 billion in June, after rising by 11.6% increase in May, according to data by Statistics Canada. Many factories operated at a much higher capacity in June, with the capacity utilization rate for the total manufacturing sector increasing by …

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• 14 August 2020 10:03 pm

  U.S. Consumer Sentiment Stabilizes in August

  

  The consumer sentiment in the United States remained largely unchanged in early August, according to preliminary data from the University of Michigan. The consumer sentiment index increased by 0.3% compared to its level in July, adding 1% compared to its record low level in April. On an annual basis, the …

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• 14 August 2020 8:57 pm

  U.S. Industrial Production Expands by 3% in July

  

  Industrial production in the United State rose by 3% during the month July, registering its third consecutive monthly increase, data by the U.S. Federal Reserve showed on Friday. However, production remains below its levels prior to the COVID-19 pandemic by around 8.4%

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• 14 August 2020 8:42 pm

  U.S. Nonfarm Productivity Rises 7.2% in Q2

  

  The United States nonfarm business sector labor productivity increased by 7.3% during the second quarter (Q2) of 2020, as shown by the data released by the Bureau of Labor Statistics (BLS) of the U.S. Department of Labor on Friday. However, output decreased by 38.9% and hours worked declined by 43%. …

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• 14 August 2020 5:53 pm

  US Retail Sales Increased Less Than Expected in July

  

  US retail sales increased less than expected in July and may slow further in the coming months due to a spike in new COVID-19 cases and a drop in unemployment benefits. The US Commerce Department said retail sales rose 1.2% last month, down from a 8.4% advance in June. Economists …

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