Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2020

• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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.

  Read More »
• 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

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 16 September 2020 1:45 am

  Oil Finishes Higher Amid Output Disruptions

  

  Oil prices rose on Tuesday, amid output disruptions in North America, despite continuous concerns about the outlook for global demand. Brent crude futures for November delivery increased by 92 cents, or 2.3%, and finished at $40.53 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for October delivery added …

  Read More »
• 16 September 2020 12:09 am

  Gold Settles at Two-Week High

  

  Gold prices rose on Tuesday, for the second consecutive session, to its highest level in about two weeks. The yellow metal futures for December delivery gained $2.50, or 0.1%, to settle at $1,966.20 per ounce. This is the highest closing level for gold futures since the beginning of the month.

  Read More »
• 15 September 2020 9:45 pm

  European Stocks Close Higher

  

  European stocks closed higher on Tuesday, continuing a positive rally this week amid anticipation for upcoming meetings by the US Federal Reserve, the Bank of England (BoE), and the Bank of Japan (BoJ). The Stoxx Europe 600 index finished higher by 0.77%, while the UK’s FTSE100 surged by 1.32%. Meanwhile, …

  Read More »
• 15 September 2020 9:38 pm

  US Median Household Income Rises in Year

  

  The median household income in the United States increased by 6.8% in 2019, for the second consecutive year, with the number of people in poverty decreasing, data by the US Census Bureau’s annual report showed on Tuesday. The median household income for last year stood at $68,703 compared with $64,324 …

  Read More »
• 15 September 2020 8:51 pm

  US Manufacturing Output Up 1% in August

  

  Manufacturing production in the United States rose by 1% in August, data by the US Federal Reserve showed on Tuesday. This comes after a 3.9% growth in July and below market expectations of a 1.2% increase.

  Read More »