Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2020

• 11 September 2020 12:16 am

  DXY Reverses Earlier Losses

  

  The US Dollar (USD) recovered from its earlier losses on Thursday, which were mostly on the back of pressures by the rising Euro after the European Central Bank maintained interest rates. The Dollar Index (DXY), which measures the performance of the USD against a basket of six major international currencies, …

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• 11 September 2020 12:07 am

  Oil Prices Decline Maintaining $40 Level

  

  Oil prices finished lower on Thursday after data showed a rise in US crude inventories, amid concerns about the outlook for global demand recovery. Brent crude futures for November delivery declined by 73 cents, or 1.8%, and closed at $40.06 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures …

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• 10 September 2020 11:48 pm

  Gold Closes Higher as USD Declines

  

  Gold prices rose on Thursday for the third consecutive session as the US Dollar (USD) continued to decline amid the appreciation of the Euro after the European Central Bank maintained interest rates unchanged. Gold futures for December delivery increased by $9.40, or 0.5%, and settled at $1,964.30 per ounce. Meanwhile, …

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• 10 September 2020 11:18 pm

  Lagarde’s Top Comments in after ECB Meeting

  

  “The Governing Council discussed the appreciation of the euro, but as you know we don’t target the exchange rate.”“The incoming data since our last monetary policy meeting in July suggest a strong rebound in activity broadly in line with previous expectations.”“Euro-area domestic demand has recorded a significant recovery from low …

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• 10 September 2020 10:11 pm

  European Stocks Finish Lower After ECB Statement

  

  European stocks closed lower on Thursday after the European Central Bank (ECB) decided to maintain interest rates unchanged amid recession fears. The Stoxx Europe 600 declined by 0.59% to close at the level of 367.48 points. Meanwhile, the UK’s FTSE100 finished lower by 0.16%. The French CAC40 and the German …

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• 10 September 2020 8:14 pm

  Bitcoin Trading near $10,423

  

  Bitcoin is maintaining most of its gains on Thursday, as it is currently trading up by 1.6% at $10,422.8. Earlier today, the world’s biggest digital currency was trading above $10.475 briefly, before giving up some of its gains as it faces strong resistance. Meanwhile, the Ethereum surged by 5.3% to …

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• 10 September 2020 8:06 pm

  UK CEI Rises by 0.3% in July

  

  The Conference Board Coincident Economic Index (CEI) for the United Kingdom increased by 0.3% in July 2020 to 103.6. Meanwhile, the Conference Board Leading Economic Index (LEI) for the UK decreased by 0.3% in July to 78.2, as shown by data released on Thursday.

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• 10 September 2020 7:55 pm

  US Oil Inventories Rise by 2 M Barrels

  

  Crude oil inventories in the United States rose last week by 2 million barrels, as shown by the US Energy Information Administration (EIA) weekly report on Thursday. The increase in oil stockpiles, which came against market expectations of a 1.3 million barrel decline, ended six consecutive weeks of inventories decline.

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• 10 September 2020 7:08 pm

  US Natural Gas Inventories Add 70 B BCF

  

  Natural gas inventories in the United States increased by 70 billion bcf last week, according to the US Energy Information Administration (EIA) Natural Gas Storage report. The rise in natural gas stockpiles comes compared with market expectations of a 68 billion bcf increase, after a 35 billion bcf increase in …

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• 10 September 2020 6:59 pm

  US Wholesale Inventories Decline in July

  

  Wholesale inventories in the United States amounted to $632.3 billion in July, declining by 0.3% compared with its level in June and by 5.6% compared with its level in July 2019, according to seasonally adjusted data by the US Department of Commerce’s Census Bureau. In July 2020, the wholesale inventories …

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• 10 September 2020 6:11 pm

  US PPI Rose More Than Expected in August

  

  The Producer Price Index (PPI) in the United States increased by 0.3% in August compared to 0.6% in July, data showed on Thursday. The reading comes as double the expectations of a recent Reuters poll, and after the index declined by 0.2% in June. Analysts had expected an increase of …

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• 10 September 2020 5:08 pm

  US: Weekly Initial Jobless Claims Unchanged at 884,000

  

  The number of Americans filing for new unemployment benefits stabilized at high levels last week, reinforcing views that the job market is stabilizing on a more gradual path to recovery from the COVID-19 pandemic. The US Labor Department said that the total of new applications for unemployment benefits, adjusted in …

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• 10 September 2020 5:02 pm

  Lagarde speech: ECB Sees 2020 GDP at -8.0% vs. -8.7% Seen in June

  

  Following the European Central Bank’s (ECB) decision to keep its key rates and €1,350 of (PEPP) unchanged, Christine Lagarde, President of the ECB, is delivering her remarks on the monetary policy outlook in a press conference. “ECB sees 2020 GDP at -8.0% (vs -8.7% seen in June).”“ECB sees 2021 GDP growth at 5% …

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