Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2020

• 10 August 2020 4:08 pm

  French Economic Activity Down in July

  

  French economic activity in July declined by 7% from its pre-pandemic level, which reflects a slight improvement compared to June, which recorded a decrease of 9%. The construction sector approaches pre-pandemic levels, according to the latest report issued by the French Central Bank. In its monthly business conditions report, the …

  Read More »
• 10 August 2020 3:59 pm

  China Annual Inflation Exceeds Expectations

  

  The annual inflation reading in China improved in July above market expectations, as the CPI grew by 2.7% year on year, higher than the expected 2.6%, and also recorded 0.6% on m-o-m in July. At the same time, the producer price index recorded a contraction more than expected, contracting on …

  Read More »
• 10 August 2020 3:51 pm

  WHO: Huge shortfall in funds to fight coronavirus

  

  There is a huge gap between funds needed to fight the coronavirus and funds committed worldwide, World Health Organization chief Tedros Adhanom Ghebreyesus said on Monday. According to Reuters. But he said he saw “green shoots of hope”. “It is never too late to turn the pandemic around,” Tedros told …

  Read More »
• 10 August 2020 2:19 pm

  UK PM Johnson: Will Not Hesitate to Reimpose Quarantine if Needed

  

  British Prime Minister Boris Johnsons aid on Monday that they will not hesitate to reimpose quarantine measures if needed. Regarding the government’s travel advice, “we will keep looking at the data on where people want to travel,” Johnson noted and urged people to consider the government’s guidance when making holiday …

  Read More »
• 10 August 2020 2:16 pm

  Oil rises 1% on Optimistic View of Demand From Aramco

  

  Oil prices rose on Monday, supported by Saudi optimism about Asian demand and an Iraqi pledge to deepen supply cuts, but uncertainty over an agreement to support the US economic recovery limited the gains. By 0641 GMT, Brent crude futures were up 34 cents or 0.8%, to $ 44.74 a …

  Read More »
• 10 August 2020 2:00 pm

  Chinese Data Lifted European Stocks in Early Trading

  

  European stocks rose slightly on Monday after a decline in producer prices in China and the rise in oil prices, while investors looking to Washington for signs of new US stimulus. By 0712 GMT, the pan-European STOXX 600 index was up 0.3%, at the start of a week that could …

  Read More »
• 10 August 2020 1:50 pm

  United States Imposes New Sanctions on Officials in Hong Kong

  

  The US Treasury has imposed new sanctions on Hong Kong’s chief executive, Carrie Lam, along with 10 other officials. US Treasury Secretary Stephen Mnuchin said the sanctions target those undermining Hong Kong’s self-rule, including Governor Carrie Lam. Mnuchin stressed during his remarks that the United States stands with the people …

  Read More »
• 10 August 2020 1:42 pm

  Japanese Prime Minister: to Avoid State of Emergency as Much as Possible

  

  Last week, Japanese Prime Minister Shinzo Abe said that the government in Japan is working in various ways to avoid the trend to declare a state of emergency in the country again, in light of mounting concerns about the increasing number of Covid-19 cases in the country during the past …

  Read More »
• 10 August 2020 1:00 pm

  Sentix Investor Confidence Rises to -13.4 in August

  

  The eurozone Sentix Investor Confidence gauge has risen from -18.2 to -13.4 points in August, beating expectations for -15.2 points as the old continent emerges from the COVID-19 crisis. The broad survey continues its uptrend from the lows seen in April when infections were at their peak. Nevertheless, it remains …

  Read More »
• 10 August 2020 12:03 pm

  Gold Futures: Further pullbacks look shallow

  

  Open interest in Gold futures markets shrunk by almost 1.5K contracts according to preliminary figures from CME Group at the end of last week, reaching the third consecutive session with losses. On the other hand, volume reversed the previous drop and rose by around 97.3K contracts. Gold met resistance near …

  Read More »
• 10 August 2020 10:29 am

  FX Option Expiries For Aug 10 NY Cut

  

  FX option expiries for Aug 10 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1800 3.0bn – GBP/USD: GBP amounts         1.2900 353m  – USD/JPY: USD amounts          105.00 675m105.03 400m105.50 1.7bn107.05 400m – USD/CAD: USD amounts        

  Read More »
• 10 August 2020 5:49 am

  3-7 AUG Review: Gold Prevails

  

  The yellow metal was dominant last week, as it recorded a rise of more than 3% or $ 61 to reach $ 2028 an ounce. The rise in gold came after increasing tensions between the United States and China besides the increase in Covid-19 cases, especially in the US. Oil …

  Read More »
• 8 August 2020 1:51 am

  NYSE Closes Friday Mixed

  

  The New York Stock Exchange (NYSE) showed a mixed performance on Friday as data showed a decline in new jobs created by the U.S. economy, amid an increase in the number of COVID-19 cases across many states. Meanwhile, the market anticipates a second stimulus package that is being negotiated in …

  Read More »