Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2020

• 11 September 2020 4:17 pm

  Gold Closes Higher as USD Declines

  

  Gold prices declined as the US dollar rebounded, but the precious metal is on its way to achieving a weekly gain, supported by fears about the global economy recovering from a decline caused by the Corona virus. Before the Tokyo Stock Exchange closed, gold in spot transactions fell 0.8% to …

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• 11 September 2020 3:53 pm

  China’s Foreign Ministry: China to Take Reciprocal Measures in Response to US Actions

  

  China’s foreign ministry said on Friday that it has adopted reciprocal restrictions on staff from the US embassy and consulates in the mainland and Hong Kong. “China’s actions are just, a necessary response to the US wrongdoings,” the ministry added. China urges the US to withdraw restrictions on China’s embassy …

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• 11 September 2020 3:48 pm

  Oil Continues to Decline Amid Rising Inventories and Weak Demand

  

  Oil prices fell for a second day, as a sudden increase in US crude stocks negatively affected the sentiment, which is already suffering in light of the erosion of fuel demand with the continuing Corona pandemic. Brent crude fell 15 cents, or 0.4%, to $ 39.91 a barrel ahead of …

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• 11 September 2020 3:21 pm

  European shares are stable amid mounting Brexit tension

  

  European stocks stabilized after opening slightly lower, a day after the European Central Bank adopted a less monetary easing tone than expected regarding stimulus, while the growing possibility of a Brexit without an agreement weakened risk appetite. The pan-European STOXX 600 index settled and is heading towards closing the week …

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• 11 September 2020 2:17 pm

  Euro Rallies as ECB Policymakers Calm Concerns

  

  The euro rose slightly as traders indicated the calm approach of policymakers in the European Central Bank regarding the recent rise of the euro, while the Norwegian krone rose on official expectations that the current economic contraction will be less than expected. After a press conference on Thursday in which …

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• 11 September 2020 12:09 pm

  Nikkei Index Profit as Coronavirus Fears Recede in Tokyo

  

  Japanese stocks rose to the highest level in a week, following the rise in US futures, after the capital, Tokyo, reduced the level of the Coronavirus warning by one degree from its highest levels, as infections continued to decline. The benchmark Nikkei index rose 0.74% to 23,406.49 points. For the …

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• 11 September 2020 11:23 am

  Britain’s Economy Grew 6.6% in July Amid Continuing Gradual Recovery

  

  The UK economy grew 6.6% in July on a monthly basis in an effort to recover from the sharp downturn caused by the general lockdown caused by the Corona pandemic, according to data from the British National Statistics Office. The expected growth (gross domestic product) for July was largely in …

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• 11 September 2020 11:21 am

  US CPI to rise to 1.4% YoY in August

  

  Analysts at Scotiabank offer a sneak peek at what to expect from Friday’s US Consumer Price Index (CPI) release. Key quotes “Headline inflation is forecast to rise from 1% YoY in July to 1.4% principally due to forecast month-ago gains in core CPI combined with a mild assist from gasoline …

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• 11 September 2020 12:54 am

  US Treasury Yields Decline Amid Rising Demand

  

  US Treasury yields decreased on Thursday amid increased investors’ interest and fluctuations performance by the US Dollar (USD). The benchmark 10-year Treasury note yields declined by 1.9 basis points to 0.684%. Return on the 30-year bond yield fell by 2.2 basis points to 1.435%. Yields remained nearly unchanged on the …

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• 11 September 2020 12:44 am

  Wall Street Fails to Maintain Rebound

  

  The New York Stock Exchange (NYSE) closed lower on Thursday as tech stocks failed to maintain its earlier rebound. The Dow Jones Industrial Average dropped by about 406 points, or 1.5%, to close at 27,534.58 points, after rising earlier by around 230 points. The S&P 500 plunged by around 60 …

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• 11 September 2020 12:16 am

  DXY Reverses Earlier Losses

  

  The US Dollar (USD) recovered from its earlier losses on Thursday, which were mostly on the back of pressures by the rising Euro after the European Central Bank maintained interest rates. The Dollar Index (DXY), which measures the performance of the USD against a basket of six major international currencies, …

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• 11 September 2020 12:07 am

  Oil Prices Decline Maintaining $40 Level

  

  Oil prices finished lower on Thursday after data showed a rise in US crude inventories, amid concerns about the outlook for global demand recovery. Brent crude futures for November delivery declined by 73 cents, or 1.8%, and closed at $40.06 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures …

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• 10 September 2020 11:48 pm

  Gold Closes Higher as USD Declines

  

  Gold prices rose on Thursday for the third consecutive session as the US Dollar (USD) continued to decline amid the appreciation of the Euro after the European Central Bank maintained interest rates unchanged. Gold futures for December delivery increased by $9.40, or 0.5%, and settled at $1,964.30 per ounce. Meanwhile, …

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