Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2020

• 1 September 2020 2:42 am

  S&P Records Historic Gains in August

  

  The New York Stock Exchange (NYSE) closed the first day of the week and the last of August mixed, but was able to achieve high monthly gains. The Dow Jones Industrial Average finished lower by 223.82 points, or 0.78%, at 28,430.05 points. The S&P 500 index declined by 7.70 points, …

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• 1 September 2020 2:21 am

  Treasury Yields Rise in August

  

  The US Treasury yields declined on Monday amid increased selling pressures at the end of the month. The 10-year Treasury bond yield decreased by 3.2 basis points to 0.695%, reducing its increase during the month of August to 15.9 basis points. As for the 30-year bond yield, a fall of …

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• 1 September 2020 1:57 am

  Oil Prices Close Mixed but Rise for Fifth Month

  

  Oil prices closed lower on Monday, limiting its fifth consecutive monthly rise, amid a mixed demand outlook. Brent crude futures for November delivery decreased by 53 cents, or 1.2%, to finish at $45.28 per barrel. The global benchmark Brent futures are now higher by 4.6% during the month of August, …

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• 1 September 2020 1:41 am

  Gold Narrows Down Monthly Decline

  

  Gold prices rose on Monday, supported by the US Dollar’s decline, however, it finished lower for the month. The yellow metal futures for December delivery settled higher by $3.70, or 0.2%, at $1,978.60 per ounce. On a monthly basis, the precious metal lost about 0.4% during the month of August.

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August, 2020

• 31 August 2020 11:01 pm

  Bostic: Relying Solely on Fed Includes Risks

  

  The President of the Federal Reserve Bank of Atlanta, Raphael Bostic, said on Monday that monetary policy tools are not the best way to confront the COVID-19 crisis, signaling fears regarding the failure of the Congress in agreeing on a new stimulus package. “We have signaled pretty clearly that we …

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• 31 August 2020 10:55 pm

  SF Fed: Wages Growth Not Reflecting Job Market Strength

  

  A rise in wages across the United States does not necessarily reflect the job market strength, according to new research by the Federal Reserve Bank of San Francisco. An economic letter titled “The Illusion of Wage Growth” noted that despite a sharp spike in unemployment since March 2020, aggregate wage …

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• 31 August 2020 10:27 pm

  European Stocks Close Lower and Log Monthly Gains

  

  European stocks closed lower on Monday but was able to able record monthly gains during August, supported by an improved investors’ sentiment on positive news about COVID-19 vaccine and treatments. STOXX Europe 600 closed down by 0.62% at 366.51, up by 2.8% for the August. The UK’s FTSE100 lost 0.61%, …

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• 31 August 2020 8:33 pm

  Clarida: Fed Could Apply Treasury Yield Caps

  

  The United States Federal Reserve Vice Chairman, Richard Clarida, said on Monday that there is a possibility of employing Treasury yield caps in the future, Bloomberg reported. “Yield caps and targets were not warranted in the current environment but should remain an option that the committee could reassess in the …

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• 31 August 2020 7:44 pm

  USD Maintains Losses for Fourth Month in Row

  

  The US Dollar (USD) is close to ending August as its fourth consecutive month of losses, marking its worst performance in August in five years. Consecutive losses are taking the USD to levels not seen in 2018, according to a recent report by Reuters. The Dollar Index (DXY), which measures …

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• 31 August 2020 6:14 pm

  S&P 500 Reaches a Record High For The Sixth Session

  

  The S&P 500 index hit a record high on Monday for the sixth straight session and on the path of achieving its best performance in August in decades, as bets were placed on the economic recovery with the Fed’s continued support the index. The S&P 500 index opened up 0.05%, …

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• 31 August 2020 5:47 pm

  Wall Street Set to Open Higher

  

  US stocks should open slightly higher on Monday, as markets are on track to achieve their best August in more than 30 years. At 11:15 AM GMT, S&P 500 was up 8 points, or 0.2%, while the Dow Jones futures rose 47 points or 0.1%, And Nasdaq 100 futures gained …

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• 31 August 2020 5:34 pm

  VAT Cut Pushes German Inflation Into Negative Territory

  

  Annual consumer prices in Germany fell for the first time in more than four years in August due to a VAT cut as part of a government stimulus package to help Europe’s largest economy recover from the shock of the coronavirus pandemic, data revealed. The Federal Statistics Office said that …

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• 31 August 2020 5:28 pm

  Turkey’s Trade Deficit Declined 18.2% YoY in July

  

  Data from the Turkish Statistics Institute showed that the country’s foreign trade deficit decreased by 18.2% year on year in July to $ 2.697 billion, according to the general trade system. The institute said that Turkey’s exports decreased by 5.8% and imports decreased by 7.9% compared to July 2019, reflecting …

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