Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2020

• 1 September 2020 3:39 pm

  Eurozone Inflation Turns Negative in August

  

  The inflation rate in the euro area turned negatively last month for the first time since May 2016, increasing the chances of the European Central Bank pumping more stimulus for higher prices that had not reached the target set for more than seven years. The annual inflation rate in 19 …

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• 1 September 2020 2:03 pm

  German Unemployment Falls in August

  

  The number of unemployed people in Germany decreased for the second month in a row in August, indicating that the job market in Europe’s largest economy is recovering after it was hit by the Coronavirus crisis. Data revealed. The Labor Office said the number of unemployed people adjusted for seasonal …

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• 1 September 2020 1:57 pm

  RBA Holds Rates Ahead of Data

  

  The Reserve Bank of Australia (RBA) kept the cash rate at a record low of 0.25%, a widely expected decision. The RBA first cut interest rates to their record low in March, with governor Philip Lowe saying the bank is unlikely to take rates any lower The Australian central bank …

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• 1 September 2020 1:51 pm

  Gold Rises to a Two-week High as US Dollar Falters

  

  Gold prices rose on Tuesday, September 1st, to their highest level in nearly two weeks, with the dollar retreating to its lowest level in several years amid betting that US interest rates will remain low for a longer period under the new US Federal Reserve policy framework. The gold spot …

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• 1 September 2020 12:46 pm

  European Stocks Open Higher Before Data

  

  European stocks opened higher on Tuesday, September 1 after recording slight gains in August, but sentiment was unstable ahead of important economic data likely to indicate an erratic recovery from the Coronavirus. The European Stoxx600 index rose 0.4% in early trade, supported by better-than-expected data for the industrial sector in …

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• 1 September 2020 11:36 am

  Crude Oil Futures Higher During Asian Session

  

  According to the New York Mercantile Exchange, crude oil futures for October were traded at $42.95 a barrel, up 0.80%. It was previously traded at session high at $43.04 a barrel. Crude oil may find support at $42.36 and resistance at $43.57. The dollar index, which measures the performance of …

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• 1 September 2020 11:01 am

  Gold Futures Rose During Asian Session

  

  According to the COMEX, gold futures for December were traded $ 1993.60 per ounce, up 0.76%. It previously traded at a session high $ 1997.45 an ounce. Gold may find points of support at $ 1914.70 and resistance at $ 1997.45. The dollar index, which measures the performance of the …

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• 1 September 2020 10:23 am

  FX Option Expiries For Sept 1 NY Cut

  

  FX option expiries for Sept 1 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1895 571m1.1900 569m1.1950 981m1.2000 834m – GBP/USD: GBP amounts         1.3310 280m – USD/JPY: USD amounts          105.00 1.1bn105.50 600m106.00 846m106.60 511m106.75 460m

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• 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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