Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2020

• 16 September 2020 4:38 pm

  USD/JPY fell to a 7-week low Near Psychological level 105.00

  

  USD/JPY fell to a 7-week low during the European session with the bears now waiting for some selling below the psychological level of 105.00. The pair had witnessed some heavy selling for the third consecutive session on Wednesday, amid the selling bias around the US dollar. Although the Federal Reserve …

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• 16 September 2020 3:42 pm

  OPEC+ compliance in August seen at 101%

  

  The OPEC and its allies (OPEC+) saw its compliance with oil output cuts policy reach 101% last month, Reuters reports, citing two sources with knowledge of the matter. The sources told Reuters that the compliance figure may be adjusted at the meeting of the committee. The OPEC+ is scheduled to …

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• 16 September 2020 2:23 pm

  Eurozone Trade Surplus Rises Year on Year in July

  

  Data showed that the Eurozone’s unadjusted trade surplus jumped year on year in July, as imports fell further with exports amid an economic slowdown caused by the COVID-19 pandemic. The European Union statistics office Eurostat said that the trade surplus of the 19-country Eurozone countries with the rest of the …

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• 16 September 2020 2:12 pm

  Gold Stable, Eyes on Fed Meeting

  

  Gold prices rose on Wednesday, September 16th, thanks to the dollar’s decline, as investors awaited the outcome of a meeting of the Federal Reserve (US Central Bank) in search of details of the bank’s plans to balance interest rates against its inflation target. Gold rose in the spot market 0.2% …

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• 16 September 2020 1:18 pm

  The Yen Reaches its Highest Level in Two Months

  

  The Japanese yen rose on Wednesday, September 16th, as dealers bet that the Fed’s ultra-easy policy would put pressure on the dollar and elect a new prime minister for the country, while the Chinese yuan extended its gains a day after data indicated better prospects for the world’s second largest …

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• 16 September 2020 12:37 pm

  Oil Rises Ahead of Hurricane Sally, Gloomy Demand Outlooks Hold Back Gains

  

  Brent crude was up 24 cents to 39.85 dollars a barrel, while US West Texas Intermediate crude futures increased 33 cents to $ 37.59. Both contracts were down on Monday. The rally in oil contracts comes just before Hurricane Sally is expected to hit the US coast on the Gulf …

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• 16 September 2020 11:09 am

  W.T.O. Says American Tariffs on China Broke Global Trade Rules

  

  The World Trade Organization has ruled that the additional tariffs imposed by the United States in 2018 on Chinese goods violate international trade rules, in a blow to the Trump administration’s trade war against the world’s second largest economy. A three-person panel of trade experts at the World Trade Organization …

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• 16 September 2020 11:03 am

  API: Sharp Decline in Crude And Gasoline Inventories

  

  American Petroleum Institute data on Tuesday showed a decline in US stocks of crude oil last week, while gasoline inventories rose. Crude inventories declined by 9.5 million barrels over the week ending September 11 to about 494.6 million barrels, while analysts expected an increase of 1.3 million barrels. Crude stocks …

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• 16 September 2020 11:01 am

  UK Annualized CPI Exceeds Estimates

  

  The UK Consumer Prices Index (CPI) 12-month rate came in at +0.2% in August when compared to +1.0% in July, while beating expectations of a 0%, the UK Office for National Statistics (ONS) reported on Wednesday. The core inflation gauge (excluding volatile food and energy items) came at +0.9% YoY …

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• 16 September 2020 10:56 am

  PBOC Sets Yuan Reference Rate at 6.7825

  

  The People’s Bank of China (PBOC) set the yuan reference rate at 6.7825 versus Tuesday’s fix at 6.8222.

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• 16 September 2020 10:55 am

  FX Option Expiries For Sept 16 NY Cut

  

  FX option expiries for Sept 16 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1835 654m  – GBP/USD: GBP amounts          1.3000 357m  – USD/JPY: USD amounts          105.00 837m105.15 360m105.20 691m105.25 365m106.15 376m106.25 450m

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• 16 September 2020 2:11 am

  NYSE Closes Positively Awaiting Fed Policy Statement

  

  The New York Stock Exchange (NYSE) closed Tuesday mostly higher, supported by positive economic data, and anticipation for the results of the Federal Reserve meeting. The Dow Jones Industrial Average marginally rose by 2.27 points and closed at 27,995.60 The S&P 500 index added 17.66 points, or 0.5%, and finished …

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• 16 September 2020 2:06 am

  US Treasury Yields Seen Increasing on Tuesday

  

  US Treasury yields rose on Tuesday following the release of positive economic data in the United States. Yields on the 10-year Treasury note increased by 0.9 basis point to 0.678%. Return on the two-year note rose by 0.4 basis point to 0.139%. Meanwhile, the 30-year bond yield grew by 2.2 …

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