Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2020

• 14 September 2020 5:23 pm

  EU to delay UK Access Decision for Euro Clearing Due to Internal Markets Bill

  

  The European Union is planning to delay the decision on allowing the UK to continue clearing euro transactions for EU-based clients due to concerns over the UK’s intention to break the Withdrawal Agreement with the Internal Markets Bill, Reuters reported on Monday, citing a derivatives industry source. The EU is …

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• 14 September 2020 4:21 pm

  Industrial Output For Eurozone Rose as Expected in July

  

  According to data, industrial output for the Eurozone rose as expected compared to the previous month in July thanks to increased production of capital goods and consumer durables, but it is still far below last year’s levels due to the Covid-19 pandemic. The European Union statistics office Eurostat said industrial …

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• 14 September 2020 4:16 pm

  OPEC Monthly Report: The Global Economic Growth Forecast Reduced to -4.1% in 2020

  

  OPEC Monthly Report: Reducing global economic growth forecasts to -4.1% in 2020 The economic growth forecast for 2021 was left unchanged at 4.7% Reducing Forecast for global oil demand growth by 0.4 million barrels per day in 2020 Raising Forecast of growth in non-OPEC supplies by 360 thousand barrels per …

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• 14 September 2020 3:01 pm

  Asian Stocks Closed Higher, Led by Japanese Stocks

  

  Asian stocks closed the Asian period higher with the support of Japanese stocks after SoftBank announced that it wanted to sell the shares of this company for $ 40 billion, and Nvidia sought to acquire the shares of this company, which led to the rise in SoftBank shares during Today’s …

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• 14 September 2020 2:03 pm

  US Dollar Back to Decline, Eyes on Fed

  

  The dollar fell on Monday, September 14th against other major currencies, as a wave of mergers and acquisitions lifted sentiment in global stock markets as investors looked forward to a week crowded with events including the US Federal Reserve meeting and the appointment of a new Japanese prime minister. Attention …

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• 14 September 2020 1:42 pm

  Turkey’s Industrial Production Accelerates

  

  Data showed Turkish industrial production rose 4.4% year-on-year in July, exceeding expectations and continuing to accelerate since the economy reopened in June following anti-Coronavirus closures. In a Reuters poll, industrial output was expected to grow 3% year-on-year in July. Compared to the previous month, production in the manufacturing sector rose …

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• 14 September 2020 12:49 pm

  US Dollar Index Losing Some Steam and Approaching 93.00

  

  The US dollar index, which measures the strength of the greenback against a basket of currencies, started the week negatively from the major support level at 93.00. The index fell for the second session in a row on Monday, moving just above 93.00 in a somewhat risky environment. At the …

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• 14 September 2020 12:31 pm

  Gold Rises on Dollar Weakness, Eyes on Fed

  

  Gold prices rose on Monday, September 14th, boosted by the dollar’s weakness, while investors are looking to the US Federal Reserve meeting this week to get indications regarding stimulus measures and inflation target. The gold spot rose 0.2% to 1944.69 dollars an ounce by 06:47 GMT. And gold in US …

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• 14 September 2020 11:54 am

  Oil Rises by a Storm Threatening The Gulf of Mexico

  

  Oil prices rose today due to a tropical storm in the Gulf of Mexico, which forced companies to evacuate platforms and halt production. Still, the gains were limited by concerns about a glut in global supplies and a decrease in demand for fuel. By 06:29 GMT, US West Texas Intermediate …

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• 14 September 2020 11:31 am

  Industrial Activity Declined in Japan

  

  Industrial activity in Japan declined in July, missing expectationsData released by the Japanese Economy Ministry on Monday showed that industrial activity in Japan decreased by -0.5% during July, expectations were for a rise of 0.6%. The Yen is currently trading at 105.97

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• 14 September 2020 10:13 am

  PBOC Sets Yuan Reference Rate at 6.8361

  

  The People’s Bank of China (PBOC) has set the yuan reference rate at 6.8361 versus Friday’s fix at 6.8389.

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• 14 September 2020 10:10 am

  FX Option Expiries For Sept 14 NY Cut

  

  FX option expiries for Sept 14 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts  1.1900 1.2bn – USD/JPY: USD amounts          106.50 555m106.69 444m

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• 14 September 2020 10:06 am

  Weekly Recap 07-11 Sept

  

  There were many important events that affected the markets over the past week, such as the European Central Bank and Bank of Canada meeting with Brexit talks reaching a dead-end last week and the developments of the Corona vaccine as tensions continued between the United States and China. At its …

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