Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2020

• 18 September 2020 6:01 pm

  Ethereum Transactions Hit All-Time High

  

  The number of Ethereum transactions on blockchain recorded its all-time daily high on Thursday, Coin Telegraph reported. Daily transactions reached 1.406 million yesterday, as shown by data from Etherscan.

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• 18 September 2020 5:55 pm

  US Current Account Deficit Jumps 53% in Q2

  

  The US current account deficit rose to the highest level in nearly 12 months in Q2, as the Covid-19 pandemic put pressure on exports of goods and services. The US Commerce Department said the current account deficit, which measures the flow of goods, services and investments into and out of …

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• 18 September 2020 5:18 pm

  Canadian Retail Sales Rise by 0.6% in July

  

  Retail Sales in Canada increased by 0.6% in July to $52.9 billion, the data published by Statistics Canada showed on Friday. This reading followed June’s increase of 0.7% and fell short of the market expectation of 1%. “Core retail sales, which exclude these two subsectors, declined 1.2% on lower sales …

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• 18 September 2020 4:34 pm

  Russia Central Bank Keeps Key Interest Rate at 4.25%

  

  The Russian Central Bank kept the key nterest rate at 4.25%, suspending its monetary easing cycle in light of the growing risks of imposing new sanctions on Moscow, but hinted that cutting interest rates is still possible later this year. The decision to keep interest rates at a record low …

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• 18 September 2020 3:38 pm

  Gold is Rising on Weak US Dollar

  

  Gold prices rose and on track to achieve gains for the second week in a row thanks to the weak dollar as weak jobs data in the United States negatively affected hopes for the economic recovery. Gold rose in spot trading 0.6% to 1953.70 dollars an ounce with the opening …

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• 18 September 2020 2:40 pm

  Turkish Lira Hits a Fresh Low Against US Dollar

  

  The Turkish lira fell to a fresh low against the dollar, as investors focused on the possible steps of the central bank to tighten monetary policy ahead of a policy meeting next Thursday. Lira touched a low of 7.5660, retreating from Thursday’s close of 7.5595. The Lira has fallen more …

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• 18 September 2020 2:32 pm

  Eurozone Current Account Surplus Shrank in June

  

  Data from the European Central Bank showed that the revised current account surplus of the 19 Eurozone countries shrank to 16.6 billion Euros in July from 20.7 billion Euros in June, as a decline in the primary income account eroded the impact of an increase in the trade surplus. In …

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• 18 September 2020 1:49 pm

  US Dollar on Track to Post Weekly Loss

  

  The dollar held on to narrow trading ranges. Still, it was heading towards a weekly loss against the major counterpart currencies, after negative data cast doubt on the economic outlook, while positive comments from the Minister of Finance in New Zealand helped support the country’s currency. The dollar gave up …

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• 18 September 2020 12:55 pm

  50% of German Companies Expect Weaker Outlook for The Economy

  

  A survey showed that about two-thirds of medium-sized companies in Germany have become, after the Corona crisis, determined to enhance their use of digital means such as videoconferencing, at a time when they are facing a difficult future for their performance. The results indicated that more than half of these …

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• 18 September 2020 12:00 pm

  Oil is Rising as Goldman Forecasts a Deficit and a Possible New Storm in The Gulf of Mexico

  

  Oil prices rose for the fourth session in a row as Goldman Sachs estimates that the market is in a deficit and a new storm has begun to form in the Gulf of Mexico, putting crude on the path of achieving a weekly gain of about 10%. After the Tokyo …

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• 18 September 2020 10:55 am

  UK Retail Sales Continued to Recover at a Rapid Pace in August

  

  Official figures showed that UK retail sales continued to post gains last month, as parts of the sector recovered faster than most of the economy. The Office for National Statistics said retail sales volumes rose 0.8% in August, slightly more than the median forecast of 0.7% in a Reuters poll. …

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• 18 September 2020 10:53 am

  PBOC Sets Yuan mid-point at 6.7591

  

  The People’s Bank of China has set yuan mid-point at 6.7591 / DLR vs last close 6.7642. China’s central bank also says it set the 14-day reverse repo rate at 2.35% vs 2.35% previously.

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• 18 September 2020 10:52 am

  FX Option Expiries For Sept 18 NY Cut

  

  FX option expiries for Sept 18 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1750 980m1.1800 753m1.1850 758m1.1900 1.0bn1.1950 1.3bn – USD/JPY: USD amounts          104.00 500m104.50 585m105.25 971m105.50 1.1bn – AUD/USD: AUD amounts 0.7300 2.4bn  – USD/CAD: USD amounts         1.3050 875m1.3100 551m1.3160 653m1.3200 574m1.3250 …

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