Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2020

• 7 October 2020 5:38 pm

  Dollar Stabilizes as Anger Over Trump’s Stimulus Stance Dissipates

  

  The dollar held steady on Wednesday as it tipped lower against most currencies after initially jumping after President Donald Trump canceled talks on economic stimulus with Democratic lawmakers in a move boosting demand for safe-haven assets. Trump’s sudden decision to suspend stimulus talks until after the Nov. 3 presidential election …

  Read More »
• 7 October 2020 4:57 pm

  Japanese Economy Stopped Shrinking in August

  

  The Japanese government updated its economic assessment on Wednesday for the first time since May 2019, after an important indicator improved in August, indicating a gradual recovery from the impact of the coronavirus pandemic. The Cabinet Office said on Wednesday that the Synchronous Economic Indicators Index, which measures a data …

  Read More »
• 7 October 2020 3:56 pm

  Home Prices in Britain Increased at The Fastest Annual Pace Since 2016

  

  British home prices increased last month at the fastest annual pace since June 2016, data from the Halifax Mortgage Company showed on Wednesday, the latest sign of a housing market rally following the lifting of lockdown measures linked to the coronavirus pandemic. Home prices rose 7.3% compared to September last …

  Read More »
• 7 October 2020 2:54 pm

  API: Crude Stocks Rose And Gasoline Fell Last Week

  

  Data from the American Petroleum Institute showed that US inventories of crude oil rose last week, while gasoline and distillate stocks declined. Crude inventories increased by 951 thousand barrels over the week ending on October 2 to about 495.4 million barrels, while analysts’ expectations indicated an increase of 294 thousand …

  Read More »
• 7 October 2020 2:01 pm

  Oil is Declining With the Faltering US Stimulus Talks

  

  Oil prices fell on Wednesday after US President Donald Trump dampened hopes for a fourth stimulus package to support the economy affected by the Coronavirus pandemic, in addition to an more than expected increase in US crude stocks. US West Texas Intermediate crude futures were down 42 cents, or 1 …

  Read More »
• 7 October 2020 12:36 pm

  European Shares Rise After Strong Results Overshadowed Doubts About US Stimulus

  

  European stocks rose on Wednesday after reports of optimistic results from British Tesco and the German Dialog Semiconductor helped reduce the impact of uncertainties surrounding a new US stimulus program. The pan-European STOXX 600 index rose 0.2%. Asian stocks and US equity futures also recovered from sharp losses on Wall …

  Read More »
• 7 October 2020 11:59 am

  German Industrial Production Fell Unexpectedly in August

  

  Data Wednesday revealed that German industrial production fell unexpectedly in August, indicating that the recovery in the largest European economy from the shock of the Corona pandemic may be less robust than initially expected. Data released by the Federal Statistics Office showed that industrial production fell 0.2% on a monthly …

  Read More »
• 7 October 2020 2:06 am

  Trump Halts Stimulus Talks with Democrats

  

  The President of the United States, Donald Trump, said on Tuesday that he has instructed the halt of stimulus talks between the Republicans and the Democrats until after the next elections, which take place on November 3. “I have instructed my representatives to stop negotiating until after the election when, …

  Read More »
• 7 October 2020 1:53 am

  BREXIT Talks Showing Promising Progress

  

  Talks between the United Kingdom (UK) and the European Union (EU) are reportedly advancing, with the two parties edging closer to a trade agreement after the Brexit, Reuters reported on Tuesday, citing two diplomatic sources. The EU supposedly plans to finish negotiations by mid-November, one month and a half before …

  Read More »
• 7 October 2020 1:36 am

  US Treasury Yields Fall Sharply

  

  Treasury yields in the United States declined on Tuesday, following remarks by President Donald Trump that he would end talks for a new stimulus package. Return on the 10-year Treasury bond decreased by 1.9 basis points to 0.741%. Yield on the 30-year bonds fell by 2.8 basis points to 1.537%, …

  Read More »
• 7 October 2020 1:26 am

  Oil Futures Maintain Rising Trend

  

  Oil prices rose for the second consecutive day on Tuesday, amid output disruptions and improved risk sentiment. Brent crude futures for December delivery added $1.36, or 3.3%, and closed at the level of $42.65 per barrel. Meanwhile, the US West Texas Intermediate (WTI) crude futures for November delivery finished higher …

  Read More »
• 6 October 2020 11:40 pm

  Gold Prices Decline as USD Rises

  

  Gold futures closed lower on Tuesday, after opening the week at its highest level in about two weeks, as the US Dollar (USD) is showing some recovery signs. Gold futures for December delivery declined by $11.30, or 0.6%, and settled at $1,908.80 per ounce. Meanwhile, silver futures for December delivery …

  Read More »
• 6 October 2020 11:07 pm

  Lighthizer: Trade Policies Working Despite Deficit

  

  The United States Trade Representative Robert Lighthizer said on Tuesday that the higher trade deficit in 2020 is mainly due to non-monetary gold imports, Reuters reported. According to Lighthizer, Donald Trump’s trade policies were working despite last month’s $67.1 billion trade deficit, which was the highest in 14 years. “Basically, …

  Read More »