Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2020

• 1 October 2020 1:26 am

  Gold Loses 4.2% in September

  

  Gold prices declined on Wednesday, expanding its monthly losses during September. The yellow metal futures for December delivery decreased by $7.70, or 0.4%, and finished at $1,895.50 per ounce. Gold’s monthly losses during the ending month amounted to 4.2%. However, gold registered a 5.2% increase during the third quarter (Q3) …

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September, 2020

• 30 September 2020 11:14 pm

  German Oil Imports Decline 2% in Seven Months

  

  Germany’s crude oil imports declined by 1.9% on an annual basis during the first seven months of 2020, data showed on Wednesday, as reported by Reuters. German oil imports amounted to 48.8 million tons between the beginning of January and the end of July 2020, down from 49.7 million tons …

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• 30 September 2020 10:58 pm

  GBP/USD Rises as Investors Adjust Positions

  

  The British Pound (GBP) rose on Wednesday against the US Dollar (USD) and mostly across the board, as investors adjust their position at the end of September and the third quarter (Q3) of the year. The GBP/USD pair is up by 0.31%, trading at 1.2903, after rising earlier today by …

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• 30 September 2020 10:24 pm

  European Stocks Stabilize at Wednesday’s Close

  

  European stocks closed marginally higher on Wednesday, supported by the rise of Wall Street following the first Presidential Debate on Tuesday night. The pan-European STOXX 600 index added 0.16 points or 0.044% to close nearly unchanged at 361.65 points. The UK’s FTSE100 closed lower by 0.53%, while the French CAC40 …

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• 30 September 2020 9:56 pm

  Fed’s Bowman: Economy Rapidly Recovering from COVID-19 Recession

  

  The United States economy has been recovering at a rapid pace from the impact of the COVID-19 crisis, however, unemployment remains quite high, which means more monetary and fiscal support are needed, Federal Reserve Governor Michelle Bowman said on Wednesday, Reuters reported. “Even with this support, however, I anticipate that …

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• 30 September 2020 8:20 pm

  US Oil Inventories Fall Unexpectedly for Third Week in Row

  

  Crude oil inventories in the United States declined last week, for the third consecutive week, by 2 million barrels, according to data by the US Energy Information Administration (EIA) on Wednesday. This comes against expectations of an increase by 1.6-1.9 million barrels. US oil stockpiles reached a total of 492.4 …

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• 30 September 2020 5:31 pm

  Canada Real GDP Grew by 3% in July

  

  The economic activity in Canada, as measured by the real Gross Domestic Product (GDP), grew by 3% in July, the data published by Statistics Canada showed on Wednesday. This reading matched the market expectation.

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• 30 September 2020 5:23 pm

  US Real GDP Contracts by 31.4% in Q2

  

  The United States’ Real Gross Domestic Product (GDP) contracted at an annual rate of 31.4% in the second quarter, the US Bureau of Economic Analysis’ final (third) estimate showed on Wednesday. This reading came in slightly better than the previous estimate and the market expectation of -31.7%.

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• 30 September 2020 4:18 pm

  US Private Sector Employment Rises by 749K in September

  

  Employment in the US’ private sector rose by 749,000 in September, the monthly data published by the Automatic Data Processing (ADP) Research Institue revealed on Wednesday.  Developing story…

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• 30 September 2020 3:57 pm

  BoE’s Haldane: None of the Conditions for Negative Rates Has Been Satisfied

  

  The Bank of England’s chief economist, Andy Haldane crossed the wires in the last hour and ruled out the possibility of negative rates in the short-term. Haldane said that conditions to negative interest have not been met yet. “None of the conditions for negative rates has been satisfied.Work on negative …

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• 30 September 2020 3:43 pm

  Oil is Rising Near $ 42, All Eyes on Libya and US Stocks

  

  Oil prices decreased for the second day in a row Wednesday, September 30, continuing to incur large losses in light of the increase in Coronavirus infections before the start of the winter season in the north, which raised fears of further restrictions on activities, which may, in turn, reduce the …

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• 30 September 2020 2:46 pm

  The Unemployment Rate in Germany Fell for the Third Month in a Row

  

  Data showed a decline in the number of unemployed in Germany for the third month in a row in September, in a positive sign of household spending that is expected to lead the recovery from the Corona crisis in the largest economy in Europe. The Labor Office said that the …

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• 30 September 2020 1:44 pm

  Gold on Its Way to Post Worst Month Since November 2016

  

  The yellow metal continues on its way to post its biggest monthly decline in nearly 4 years, driven by the strong US dollar and the return of caution to the markets after the first presidential debate in the United States. Spot gold fell 0.6% to 1,885.81, down 4.3% since the …

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