Consumer confidence in the US weakened sharply in October with the Conference Board’s Consumer Confidence Index edging lower to 100.9 from 101.3 (revised from 101.8) in September. This reading came in worse than Reuters’ estimate of 102. Further details of the publication showed that the Consumer President Situation Index climbed …
Read More »US-Iran Peace Deal Nears Finish Line as Washington Signals Hormuz Reopening
Financial markets received a major boost after a senior US official indicated that Washington and Te…
Euro Holds Firm as Markets Await Iran Decision and Key Fed Signals
The euro traded in a narrow range against the US dollar on Friday as investors remained focused on d…
New Era: What to Expect from the Federal Reserve’s Leadership Shift
The Federal Reserve is set to enter a new chapter next week as it holds its first policy meeting und…
Yen Awaits Crucial Central Bank Week as Markets Brace for BoJ and Fed Decisions
The Japanese yen remained under pressure on Friday, with the US dollar trading near 160.20 yen as in…
Gold Caught Between Diplomacy and Inflation as Traders Await Iran Breakthrough
Gold prices steadied on Friday as investors waited for greater clarity on a potential agreement betw…
Bitcoin Edges Up 0.9% for Mild Weekly Recovery: ETF Exodus Slows but SpaceX and AI Rotation Keep Crypto Capped
Key Takeaways Bitcoin rises modestly: The world’s largest crypto gained 0.9% to $63,337.8 — up…
Dollar Drifts Lower as Iran Deal Optimism and Soft Core PPI Ease Rate Fears: Euro Eyes Best Week in a Month
Key Takeaways Dollar weakens: The DXY ticked 0.1% lower in London trade, stabilizing after sliding t…
Wall Street Futures Slip as Iran’s Cautious Tone Deflates Peace Deal Euphoria: SpaceX Prepares for Historic Market Debut
Key Takeaways Futures reverse: S&P 500 futures fell 0.1% to 7,390.25; Nasdaq 100 futures dropped…
European Stocks Surge to 2-Week Highs as Iran Peace Deal Weekend Signing Looms: Airlines Soar on Oil Crash
Key Takeaways Strong broad gains: The Stoxx 600 jumped 1% to a two-week high; Germany’s DAX va…
Brent Crashes Below $87 Toward 7% Weekly Loss: Iran MOU Details Emerge as Hormuz Deal Edges Closer
Key Takeaways Oil plunges: Brent fell 4.3% to $86.47 per barrel, while WTI dropped 4.5% to $83.78 — …
Market Analysis
October, 2020
-
27 October 2020 5:35 pm
US: Durable Goods Orders Rise by 1.9% in September
Durable Goods Orders in the United States expanded by 19% on a monthly basis in September. The reading was well above the 0.5% rise anticipated and the 0.4% growth recorded in the previous month. Excluding transportation, new orders increased by 0.8% as against 0.4% anticipated, and the previous month’s upwardly …
Read More » -
27 October 2020 5:23 pm
UK Retail Sales Fall as The Economy Weakens
Tuesday’s survey showed that the recovery of the retail sector in Britain, which was a bright spot for the economy affected by the Coronavirus, stopped this month after recording improvement over several months. The Confederation of British Industry monthly survey of retail sales fell to -23 in October, the lowest …
Read More » -
27 October 2020 4:16 pm
Largest Commercial Bank in Singapore Launches Cryptocurrency Exchange
DBS, of the largest commercial banks in Singapore, announced the soft launch of the proprietary crypto-to-fiat cryptocurrency trading platforms. At the initial stages, the users will have access to the four largest digital assets: BTC, BCH, ETH, XRP. They will be available for trading against Singapore Dollar (SGD), Hong Kong …
Read More » -
27 October 2020 3:56 pm
Bitcoin Breaks the $ 1,300 Barrier
Bitcoin trading witnessed positive moves during Tuesday to breach levels of $ 1300, its highest level in 2020. Bitcoin rose, the world’s first electronic currency, by 2.58% to $ 13,442, its highest ever in 2020.
Read More » -
27 October 2020 2:42 pm
Dollar Holds Onto Its gains on Fears of Covid-19 And Uncertainty
The dollar held on to its gains Tuesday, but the rest of the safe-haven currencies witnessed quiet transactions as investors were reluctant to form positions before the US presidential elections scheduled for next week, even as concerns grow about the second wave of Covid-19 and its economic effects. On Monday, …
Read More » -
27 October 2020 1:49 pm
Interior Minister: France Must Prepare For “Difficult Decisions”
French Interior Minister Gerald Darmanin said on Tuesday, ahead of a cabinet meeting to discuss the outbreak of the Coronavirus, that France should prepare to take “difficult decisions” related to imposing new measures to cope with the rise in Covid-19 cases. Three sources familiar with the matter said that the …
Read More » -
27 October 2020 1:27 pm
Money Supply Growth Beats Estimates in Eurozone
The rate of money supply in the Eurozone increased in September, more than analysts had expected. And data released by the European Central Bank today showed that the money supply in the Eurozone recorded a growth of 10.4% in September, compared with 9.5% growth in August. Analysts had expected that …
Read More » -
27 October 2020 12:44 pm
Gold Rises as a New Wave of Infections Casts a Shadow Over the Economic Recovery
Gold prices rose on Tuesday as a new wave of infections with the Coronavirus threatened to slow the global economic recovery from the Covid-19 pandemic, adding to the appeal of the yellow metal as a safe haven. Gold spot 0.2% to 1,906.83 dollars an ounce. In US futures trading, it …
Read More » -
27 October 2020 12:23 pm
Oil Steadies But Outlook is Bleak
Oil prices rose on Tuesday after recent sharp losses, but market sentiment remains weak as high COVID-19 cases hurt the outlook for fuel demand while supplies rise. And Brent crude rose 42 cents, or the equivalent of 1%, to 40.88 dollars a barrel. U.S. crude gained 37 cents, or 1%, …
Read More » -
27 October 2020 2:24 am
NYSE Closes in Red off Session Lows
The New York Stock Exchange (NYSE) declined on Monday, opening the week with a negative performance despite recovering from some of its earlier losses in the day, amid concerns about the increased number of new COVID-19 cases. The Dow Jones Industrial Average closed lower by 650.19 points, or 2.3%, at …
Read More » -
27 October 2020 1:33 am
US Treasury Yields Decline As Demand Soars
Treasury yields in the United States declined on Monday as demand for safe havens increased amid a surge in new COVID-19 cases. Return on the 10-year Treasury bonds decreased by 2.5 basis points to 0.816%. As for the 30-year bond yield, it declined by 3.7 basis points to 1.609%. Meanwhile, …
Read More » -
27 October 2020 1:17 am
USD Rises as Demand for Safe Havens Increases
The US Dollar rose on Monday amid an increased demand for safe havens, which is due to a surge in new COVID-19 cases. In addition, stalling talks for a new stimulus package in the United States further advanced demand, which helped the USD maintains its rising trend that started at …
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations