Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2020

• 4 September 2020 3:15 pm

  Weak Increase in German Industrial Orders Dashed Hopes For a Strong Recovery

  

  Data showed that German industrial goods orders increased less than expected at 2.8% on a monthly basis in July, further hampering hopes that Europe’s largest economy could recover strongly in the third quarter from the coronavirus crisis. The increase comes compared with a Reuters forecast of a 5% rise and …

  Read More »
• 4 September 2020 2:32 pm

  US Dollar heading Towards biggest Weekly Rise in 4 Months

  

  The US dollar extended its gains, and heading towards its largest weekly gain in nearly four months as an overnight drop in US tech stocks, which rose significantly, fueled a bout of risk aversion in global markets. Nasdaq index decline, as it fell nearly 5% during the session after closing …

  Read More »
• 4 September 2020 1:50 pm

  Japan Shares Closing Lower But Nikkei is up 1.4%

  

  Japanese stocks closed lower, after a wave of selling in technology shares that rose a lot on Wall Street pushed the market to its biggest drop in nearly three months. However, Tokyo markets closed the week higher. The benchmark Nikkei index closed 1.1% down at 23,205.43 points, shy of its …

  Read More »
• 4 September 2020 1:16 pm

  European Shares Opened Lower on Weak Technology Sector

  

  European stocks opened lower, as turmoil continued, fueled by technology stocks from the previous session, while banking stocks were supported by merger talks between two major banks in Spain. The pan-European STOXX 600 index fell 0.9% in early trade after having seen its worst session in more than a month …

  Read More »
• 4 September 2020 12:35 pm

  Gold Rises as Stocks Decline

  

  Gold prices rose, as US Treasury bond yields and global stocks declined, which boosted demand for the precious metal, which is considered a safe haven ahead of job data in the non-agricultural sectors in the United States, but the strong dollar puts gold on a weekly decline path. In spot …

  Read More »
• 4 September 2020 11:48 am

  Nikkei Down 1.43% in Early Trading in Tokyo

  

  The Nikkei benchmark fell in early trading on the Tokyo Stock Exchange on Friday, September 4th. Nikkei fell 1.43% to 23130.32 points, while the broader TOPIX index fell 1.22% to 1611.33 points.

  Read More »
• 4 September 2020 10:58 am

  Dow Jones Down About 1,000 Points

  

  Wall Street’s main indexes closed sharply lower Thursday, September 3, marking the worst daily drop since June, as investors sold technology stocks that were making big gains, while economic data highlighted concerns about the length and difficulty of the recovery. The Dow Jones Industrial Average fell 807.77 points, or 2.78%, …

  Read More »
• 4 September 2020 10:17 am

  FX Option Expiries For Sept 4 NY Cut

  

  FX option expiries for Sept 4 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1700 870m1.1780 615m1.1790 1.8bn1.1800 811m1.1850 651m1.1875 968m1.1900 2.4bn1.1905 554m1.1950 958m  – GBP/USD: GBP amounts         1.3100 261m1.3350 270m – USD/JPY: USD amounts          105.00 692m105.55 482m105.75 365m106.00 1.8bn106.50 613m106.60 570m106.65 870m106.75 455m106.95 …

  Read More »
• 4 September 2020 1:08 am

  NYSE Closes Thursday on Huge Losses

  

  The New York Stock Exchange (NYSE) closed lower on Thursday, with technology stocks leading the decline. The Dow Jones Industrial Average dropped by 807.77 points, or 2.8%, to finish at 28,292.73. The S&P 500 index also plunged by 3.5% and closed at 3,455.06. Bearing the highest losses, the Nasdaq Composite …

  Read More »
• 4 September 2020 12:57 am

  Oil Prices Close at Lowest Level in a Month

  

  Oil prices declined on Thursday, due to negative outlook for demand recovery from the effects of the COVID-19 pandemic. Brent futures for November delivery closed lower by 36 cents, or 0.8%, at $44.07 per barrel. This is the lowest closing level for the global benchmark crude oil futures since July …

  Read More »
• 4 September 2020 12:23 am

  Gold Futures Down $6.90 at Close

  

  Gold prices closed lower on Thursday, falling to their lowest level in about a week. The yellow metal futures for December delivery settled lower by $6.90, or 0.4%, at $1,937.80 per ounce. This is the lowest closing level for gold futures since Thursday August 27. Meanwhile, silver futures for December …

  Read More »
• 3 September 2020 11:31 pm

  Fed’s Evans Supports Inflation Going to 2.5%

  

  The President of the Federal Reserve Bank of Chicago, Charles Evans, has supported maintaining the current policy until inflation reaches 2.5%. “I’d be comfortable with inflation going up to 2.5% as long as we were trying to average off very low inflation rates.”“I think the way that we did it …

  Read More »
• 3 September 2020 10:37 pm

  Fed’s Evans Expects Lowe Rate For Years

  

  The President of the Federal Reserve Bank of Chicago, Charles Evans, has called upon Congress to agree on another stimulus package to support the US economy amid the COVID-19 crisis. “Given my outlook, I expect this means highly accommodative monetary policy will be appropriate for some time to come.”“It is …

  Read More »