Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2020

• 2 September 2020 11:38 am

  API: Crude Stocks Fell by More Than 6 M Barrels

  

  American Petroleum Institute data released showed a decline in US inventories of crude oil and fuel in the latest week. Crude inventories fell 6.4 million barrels for the week ending August 28 to about 501.2 million barrels, while analysts expected a decline of 1.9 million barrels. Crude stocks at the …

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• 2 September 2020 11:34 am

  Japan Stocks Rise on Hopes For US Economy

  

  Japanese stocks rose on Wednesday, September 2, after positive data for the manufacturing sector in the United States revived hopes that the global economic recovery from the Covid-19 pandemic remained on track. Nikkei closed up 0.47% to 23,247.15 points, while TOPIX index rose 0.47% to 1623.40 points. Stocks also received …

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• 2 September 2020 11:29 am

  FX Option Expiries For Sept 2 NY Cut

  

  FX option expiries for Sept 2 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1875 929m  – USD/JPY: USD amounts          105.55 829m105.75 465m106.00 581m106.50 1.1bn – USD/CAD: USD amounts         1.3225 1.1bn – NZD/USD: NZD amounts 0.6750 211m

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• 2 September 2020 10:38 am

  Mnuchin: Economy Urgently Needs Additional Financial Incentives to Fully Recover

  

  US Treasury Secretary Stephen Mnuchin said the economy desperately needs additional financial incentives to fully recover from the Covid-19 crisis, and Mnuchin added that parts of the economy still need additional support. Minuchin held Democrats in the House and Senate in Congress responsible for the failure of negotiations on a …

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• 2 September 2020 2:18 am

  Russian Central Bank May Cut Rates Again

  

  The Central Bank of Russia could soon cut interest rates once more to cope with the hardships of the COVID-19 crisis and the inflation risks, according to a market poll reported by Reuters. The move would strengthen the Russian Rouble (RUB) as Moscow aims at restoring economic recovery next year …

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• 2 September 2020 1:27 am

  NYSE Closes Higher and Breaks Two New Records

  

  The New York Stock Exchange (NYSE) closed higher on Tuesday, supported by positive economic data that showed a rebound in the manufacturing sector. The Dow Jones Industrial Average increased by 215.61 points or 0.8% and closed at 28,645.66 points. S&P 500 gained 26.34 points or 0.8% and finished at a …

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• 2 September 2020 1:11 am

  Oil Settles Higher on Strong Economic Data

  

  Oil prices closed Tuesday higher as positive data for the manufacturing sector in the United States and Canada improved the energy demand outlook. The global benchmark Brent crude futures for November delivery finished higher by 30 cents, or 0.7%, at $45.58 per barrel. Meanwhile, the US West Texas Intermediate (WTI) …

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• 2 September 2020 1:02 am

  Gold Settles Marginally Higher

  

  Gold prices closed higher on Tuesday despite giving up some of its earlier higher gains, with the US Dollar (USD) recovering from from its lowest level in nearly two years on the back of strong manufacturing activity data. Gold futures for December delivery finished marginally higher by 30 cents, or …

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• 1 September 2020 10:32 pm

  EUR/USD Reverses Earlier Gains

  

  The Euro (EUR) turned to decline against the US Dollar (USD) after rising earlier today to its highest level since 2018. The EUR/USD pair is trading lower by 0.15% for the day at 1.1918. Earlier today, the pair reached the 1.2011, exceeding the 1.2 mark for the first time in …

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• 1 September 2020 9:36 pm

  Brainard: Fed Must Move from Stabilization to Accommodation

  

  The United States Federal Reserve must shift its policy in the coming months to provide the needed support to the economy amid the COVID-19 pandemic, the Fed Administrative Governor, Lael Brainard, said on Tuesday, as reported by Reuters. “It will be important to provide the requisite accommodation to achieve maximum …

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• 1 September 2020 9:21 pm

  BREXIT Transition to End on Time

  

  The United Kingdom (UK) government sees no prospect for extending the transitional period for BREXIT negotiations. The transition or the implementation period ends on 31 December 2020, however, talks for a new trade agreement between London and the European Union (EU) have recently stalled with a number of disagreements. The …

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• 1 September 2020 8:16 pm

  European Stocks Show Mixed Performance

  

  European stocks closed lower on Tuesday, after giving up its earlier gains amid a mixed performance, continuing to move within a mostly tight range. The Stoxx Europe 600 index closed lower by 0.38%, after rising earlier today by as much as 0.8%. The UK’s FTSE100 plunged by 1.7%, and the …

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• 1 September 2020 7:54 pm

  CAD Maintains Gains Against USD

  

  The Canadian Dollar (CAD) is maintaining some of its gains against the US Dollar (USD) on Tuesday. The CAD is up by 0.04% against the USD, after rising earlier by more than 0.1% to its highest level against the greenback in eight months. The Canadian Dollar is supported by improved …

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