The Texas factory production index increased by nine points to 22.3 in September, its highest reading in two years, according to data by the Texas Manufacturing Outlook Survey. This is the fourth consecutive monthly increase for the index, signaling recovery from the impacts of the COVID-19 pandemic. Meanwhile, future production …
Read More »Yentervention Shocks Markets as Japan Launches Surprise Move to Defend the Yen
Japan stunned global currency markets after authorities stepped into the foreign exchange market for…
Dollar Slides as Japan Steps In and Global Markets Reprice Risk
The US dollar came under heavy pressure on Thursday in a dramatic trading session shaped by weaker-t…
Eric Trump’s $1 Million Bitcoin Claim Fuels Fresh Crypto Debate
Bitcoin is currently trading around the mid-$76,000 area, posting a modest daily gain of roughly 0.8…
Cost Cuts Hold Volkswagen Afloat as China Slump Deepens
Volkswagen managed to steady its financial performance in the first quarter, leaning heavily on aggr…
A Sound Decision: Powell Stays to Shield the Fed at a Critical Juncture
In a highly complex economic and political environment, Jerome Powell has chosen to remain on the Bo…
Oil Shock Sends Markets Reeling as Iran War Fears Push Crude to Multi-Year Highs
Global oil markets erupted into fresh turmoil after reports emerged that Washington is reviewing new…
Bank of England Holds Rates… but the Message Tilts Hawkish
The Bank of England kept interest rates unchanged at 3.75%, in a move that was widely expected but f…
Gold Edges Higher on Softer Dollar, but Upside Remains Limited
Gold Gold posted a modest rebound on Thursday, recovering after recent losses as the US Dollar US Do…
ECB Weighs Aggressive Monetary Tightening if Oil Remains Above $100
European Central Bank policymakers are increasingly leaning toward a tighter monetary stance this ye…
Canadian Economy Stays Resilient: Manufacturing Powerhouse Drives Fourth Straight Month of Growth
Key Takeaways Steady momentum: Canada’s GDP rose 0.2% month-on-month in February, matching exp…
Market Analysis
September, 2020
-
28 September 2020 5:54 pm
ECB’s Lagarde: ECB Continues to Stand Ready to Adjust All of Its Instruments
The economic recovery in the euro area remains incomplete, uncertain and uneven, Christine Lagarde, President of the European Central Bank (ECB), reiterated while delivering her prepared remarks at the EU Committee on Economic and Monetary Affairs. “In the current environment of elevated uncertainty, the Governing Council will carefully assess all …
Read More » -
28 September 2020 5:38 pm
The Turkish Lira Drops to Fresh Lows Weighted by Caucasus Conflict
The Turkish lira fell to record levels against the dollar, the euro and the pound on Monday, September 28, in light of fears of increasing Turkey’s intervention in the rapidly escalating conflict in the Caucasus, despite the sudden interest rate hike last week in order to support the currency. The …
Read More » -
28 September 2020 4:38 pm
Germany Proposes Rule of Law Conditions For Accessing EU’s COVID Recovery Fund
European Union chair Germany has proposed a rule of law scheme for accessing EU funds in negotiations between member states and the European parliament, Reuters reported on Monday, citing an internal document. Quotes according to Reuters “Rule of law is essential, important to protect the EU’s financial interests, impartial courts.”“Respect for …
Read More » -
28 September 2020 3:38 pm
PBOC: We Will Maintain Ample Liquidity And Reduce Financing Costs
The People’s Bank of China said it will maintain reasonably ample liquidity and direct funding costs down. The People’s Bank of China said in a statement after a meeting of its monetary policy committee that it would make this policy more flexible and targeted. He went on to say that …
Read More » -
28 September 2020 2:54 pm
US Dollar Near a Two-Month High Amid Political And Economic Risks
The dollar traded near a two-month high against a basket of currencies on Monday, September 28, while doubts about an economic recovery continued before a batch of economic data and political developments in the United States. The recovery of US stocks on Friday contributed to limiting the rise of the …
Read More » -
28 September 2020 2:10 pm
Oil is Falling on Uncertainty Surrounding The Recovery of Demand
Oil prices fell on Monday, September 28, as the high number of coronavirus cases dampened hopes for a smooth recovery in fuel demand, while the two major benchmarks are moving towards recording their first monthly decline in several months after falling last week. By 06:52 GMT, Brent crude was down …
Read More » -
28 September 2020 1:21 pm
Gold Rises as US Dollar Weakens, Eyes on a debate between Trump and Biden
Gold prices rose on Monday, September 28, as the dollar retreated from a two-month high last week as political uncertainty increased ahead of the first presidential debate between US President Donald Trump and his Democratic rival, Joe Biden. Gold rose in the spot market 0.1% to $ 1861.13 an ounce …
Read More » -
28 September 2020 12:48 pm
Nikkei Ends Higher on Boost From Ex-Dividend Stocks
Japanese stocks closed higher on Monday, September 28, in light of greater demand for stocks whose cash dividends are due to expire this week, but US-Chinese tensions limited the gains. The Nikkei rose 1.32% to 2,3511.62 points, while the broader TOPIX index gained 1.69% to 1,661.93 points. All sub-sector indices …
Read More » -
28 September 2020 12:05 pm
OPEC: Oil Inventories in Advanced Economies Below an Average of 5 years in Q1 2020
Mohamed Barkindo, Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), said on Sunday (September 27th) that oil stocks in the Organization for Economic Cooperation and Development countries in the first quarter of 2021 are expected to remain above their five-year average by a slight margin before falling below …
Read More » -
28 September 2020 11:34 am
Russian Energy Minister Warns of Covid-19 Risks to Global Oil
Russian Energy Minister Alexander Novak said that the global oil market has stabilized in the past few months and that the balance between supply and demand has been restored, while uncertainties continue, such as the rise in COVID-19 cases. He also said that talks about the possibility of transferring exports …
Read More » -
28 September 2020 10:41 am
Nikkei is Up 0.81% in Early Trading in Tokyo
The Nikkei index rose in early trading on the Tokyo Stock Exchange on Monday, September 28th. Nikkei rose 0.81% to 23391.96 points, while the broader Topix index rose 0.74% to 1646.28 points.
Read More » -
28 September 2020 10:39 am
Gold Futures: Further Rangebound Likely
Open interest in Gold futures markets shrunk by nearly 1.6K contracts on Friday, clinching the second drop in a row in light of preliminary figures from CME Group. Volume, in the same line, went down for the second consecutive day, now by almost 127K contracts.
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations