Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2020

• 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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• 31 August 2020 10:55 pm

  SF Fed: Wages Growth Not Reflecting Job Market Strength

  

  A rise in wages across the United States does not necessarily reflect the job market strength, according to new research by the Federal Reserve Bank of San Francisco. An economic letter titled “The Illusion of Wage Growth” noted that despite a sharp spike in unemployment since March 2020, aggregate wage …

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• 31 August 2020 10:27 pm

  European Stocks Close Lower and Log Monthly Gains

  

  European stocks closed lower on Monday but was able to able record monthly gains during August, supported by an improved investors’ sentiment on positive news about COVID-19 vaccine and treatments. STOXX Europe 600 closed down by 0.62% at 366.51, up by 2.8% for the August. The UK’s FTSE100 lost 0.61%, …

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• 31 August 2020 8:33 pm

  Clarida: Fed Could Apply Treasury Yield Caps

  

  The United States Federal Reserve Vice Chairman, Richard Clarida, said on Monday that there is a possibility of employing Treasury yield caps in the future, Bloomberg reported. “Yield caps and targets were not warranted in the current environment but should remain an option that the committee could reassess in the …

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• 31 August 2020 7:44 pm

  USD Maintains Losses for Fourth Month in Row

  

  The US Dollar (USD) is close to ending August as its fourth consecutive month of losses, marking its worst performance in August in five years. Consecutive losses are taking the USD to levels not seen in 2018, according to a recent report by Reuters. The Dollar Index (DXY), which measures …

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