Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2020

• 9 September 2020 12:18 pm

  Gold Falling, Dollar Rise And Eyes on Banks

  

  Gold prices fell on Wednesday, September 9th, as the dollar’s rally overshadowed the support caused by the decline in global stocks, while investors awaited monetary policy strategies from central banks this week. Spot gold fell 0.3% to 1925.97 dollars an ounce by 06:16 GMT. And gold in US futures fell …

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• 9 September 2020 11:32 am

  Chinese CPI Fell 2.4% in August, in Line With Expectations

  

  China’s CPI fell 2.4% in August on an annualized basis, in line with expectations. In addition, the producer price index registered a 2% decline, in line with expectations for the same period. It is reported that this decline came at the slowest annual pace since last March, indicating that the …

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• 9 September 2020 10:39 am

  ECB Warns Banks Against Dividends

  

  According to a Bloomberg survey of economists, the European Central Bank (ECB) will continue with its verbal intervention while keeping rates on hold this week. “The currency’s 10% jump since coronavirus lockdowns started in March makes ECB President Christine Lagarde’s job harder by putting downward pressure on inflation. Combined with …

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• 9 September 2020 10:28 am

  FX Option Expiries For Sept 9 NY Cut

  

  FX option expiries for Sept 9 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1800 717m1.1840 508m1.1925 773m – USD/JPY: USD amounts          105.40 450m105.45 520m105.50 426m106.25 533m106.50 841m – NZD/USD: NZD amounts 0.6550 203m0.6680 231m

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• 9 September 2020 1:02 am

  NYSE Closes on Large Losses

  

  The New York Stock Exchange (NYSE) closed lower on Tuesday with the correction wave continuing and tech stocks leading the decline. The Dow Jones Industrial Average dropped by 632.42 points, or 2.25%, to close at 27,500.89 points. Meanwhile, the S&P 500 finished lower at 3,331.84 points, losing 95.12 points or …

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• 9 September 2020 12:53 am

  US Treasury Yields Decline amid Higher Demand

  

  US Treasury yields decreased on Tuesday amid a strong decline in the stock market, which increased demand for safe havens. Return on the 10-year Treasury note decreased by 3.8 basis points to 0.683%. The yield for the 30-year bond fell by 4.7 basis points to 1.421%. Meanwhile, the two-year bond …

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• 9 September 2020 12:06 am

  Oil Finishes Below $40 per Barrel for First Time Since June

  

  Oil prices declined on Tuesday to its lowest level since June, amid concerns about the global demand outlook, despite reports of some major producers planning further output cuts. Brent crude futures for November delivery plunged by $2.23, or 5.3%, to settle at $39.78 per barrel. Meanwhile, the West Texas Intermediate …

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• 8 September 2020 11:42 pm

  Dollar Extends Gains and Maintains Rally

  

  The US Dollar (USD) is maintaining its rising trend on Tuesday, extending its gains further amid the decline in the British Pound (GBP) on Brexit uncertainty and the Euro on the Eurozone’s economic contraction. The Dollar Index (DXY), which measures the performance of the USD against a basket of six …

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• 8 September 2020 11:31 pm

  Gold Prices Reverse Earlier Losses to Settle Higher

  

  Gold prices rose on Tuesday, recovering from earlier losses to close at its highest level in about a week. The rise in the yellow metal prices came amid the decline in stock markets. Gold futures for December delivery increased by 0.31% or $8.90 and closed at $1,943.20 per ounce. Earlier …

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• 8 September 2020 10:29 pm

  EUR/USD Maintains Downward Trend

  

  The Euro (EUR) is maintain its declining trend against the US Dollar (USD) on Tuesday, falling to its lowest level in front of the greenback in about two weeks. The EUR/USD pair is trading lower for the day by 0.29% at 1.1783 after falling as low as low 1.766 at …

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• 8 September 2020 9:42 pm

  Juncker: No Deal Brexit is Most Likely

  

  Former President of the European Commission, Jean-Claude Juncker, believes that a no-deal Brexit is the most likely scenario in current talks between the United Kingdom and the European Union, CNBC reported. “The situation is not developing in the best direction possible.”“No deal is the most possible and probable and only …

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• 8 September 2020 9:27 pm

  European Stocks Settled Lower

  

  European stocks closed lower on Tuesday, continuing with its fluctuating performance after opening the week with a rise during Monday’s session. The Stoxx Europe 600 fell by 1.14%, while the UK’s FTSE100 declined by 0.12%. Similarly, the German DAX index dropped by 1.01%, while the French CAC40 finished lower by …

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• 8 September 2020 9:04 pm

  GBP Falls on Brexit Developments

  

  The British Pound (GBP) declined on Tuesday as negotiations between the UK government and the European Union are once again seeing complications. This is the fifth consecutive session in decline for the GBP, marking its longest downward trend since May. The UK Prime Minister, Boris Johnson, has reportedly threatened to …

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