Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2020

• 11 August 2020 5:57 pm

  Russia Announces The Development of a New Cryptocurrency Monitoring System

  

  Russia announced on Tuesday it began developing a new analytical tool to monitor major cryptocurrencies such as bitcoin and other cryptocurrencies, as part of the Russian government’s attempt to combat money laundering and terrorism using artificial intelligence. The new system is designed to track the movements of digital financial assets …

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• 11 August 2020 4:53 pm

  US: PPI Edges Higher to 0.3% in July

  

  The Producer Price Index (PPI) in the US for final demand rose from -0.2% in June to 0.6% in July, the data published by the US Bureau of Labor Statistics showed on Tuesday. On a yearly basis, the PPI edged up to -0.4% and came in higher than the market …

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• 11 August 2020 4:49 pm

  Gold Declining Rapidly while USD Maintains Gains

  

  Gold fell on Tuesday, August 11th, as a relative rise in the dollar against the rest of the currencies prompted some investors to profit-taking, which rose to a record high of $ 2,000 an ounce. Spot of gold fell 0.5% to 2017.53 dollars an ounce, retreating from a record high …

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• 11 August 2020 3:44 pm

  German Investor Confidence Improved in August

  

  The ZEW Institute reported on Tuesday that investor confidence in Germany improved more than expected in August, but indicated that experts are seeing the current conditions improve slowly. A survey of investor confidence in the economy rose to 71.5 from 59.3 in the previous month, far exceeding expectations of 58 …

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• 11 August 2020 3:34 pm

  Trump Says Considering Cutting Capital Gains Tax

  

  US President Donald Trump said he is considering reducing the capital gains tax in the United States, as well as reducing income taxes for middle-income families to help the US economy recover from the economic repercussions of the Coronavirus. “We’re … also considering a capital gains tax cut, which would …

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• 11 August 2020 3:28 pm

  UK Consumer Spending Recovers in July With Bars And Restaurants Reopening

  

  British consumers spent last month at the highest rate since the country began implementing general isolation and lockdown measures to combat the Coronavirus in March, as bars, restaurants, barber and beauty shops reopened. Data from Barclay Card and the British Retail Consortium showed that spending is close to returning to …

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• 11 August 2020 2:00 pm

  Oil Rises on Hopes to Stimulate US Recovery and Demand

  

  Crude oil prices rose on Tuesday 11 August, supported by expectations of US stimulus that will help launch the largest consumer of oil in the world, and a recovery in Asian demand as economies reopen. Brent crude added 29 cents, or 0.6%, to $ 45.28 a barrel by 08:19 GMT. …

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• 11 August 2020 1:11 pm

  Russian President Announces The Registration of The World’s First Vaccine For Coronavirus

  

  Russian President Vladimir Putin said that the Russian Ministry of Health has given its approval to the world’s first vaccine to combat Covid-19 disease, which was developed by the Gamaleya Institute in Moscow, less than two months after it was tested on humans. This step paves the way for large-scale …

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• 11 August 2020 12:22 pm

  Unemployment Benefits in Britain at 94.4 Thousand

  

  Unemployment benefits in the British economy decreased between May and July 2020, while analysts’ expectations were pointing to a decline. And data released by the British National Statistics Office on Tuesday showed that unemployment benefits in Britain rose to 94.4 thousand applications compared to 68.5 previously. Analysts had forecast that …

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• 11 August 2020 12:20 pm

  Japan’s Service Sector Sentiment Improves in July

  

  The Japanese services sector sentiment index increased during the month of July, which showed some improvement in business confidence despite the continuing concerns about the impact of the Covid-19 pandemic. The Japanese Cabinet’s Labor Survey of taxi drivers, hotel workers and restaurant employees – dubbed “economy watchers” for their proximity …

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• 11 August 2020 12:17 pm

  Car sales in China are Rising For the Fourth Consecutive Month

  

  Car sales in China jumped 16.4% in July compared to last year, the fourth consecutive month of gains as the world’s largest auto market retreated from its lowest levels during the country’s lockdown due to the Coronavirus. Data from the wholesale sales released by the Chinese Association of Automobile Manufacturers …

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• 11 August 2020 12:12 pm

  Hong Kong Goods For Export to U.S. to be Labelled “Made in China”

  

  While flashing another red signal concerning the US-China trade relations, the South China Morning Post (SCMP) quotes US government notice while saying that goods made in Hong Kong for export to the United States will have to be labeled “Made in China” after September 25. It said that 45 days …

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• 11 August 2020 12:06 pm

  Japan Current Account Surplus Narrows to 5-Year Low

  

  Japan’s current account surplus narrowed to the lowest level in five years in June as exports took a hit due to the Covid-19 on global demand. The current account surplus was JPY 167.5 billion ($1.58 billion), the smallest monthly surplus since January 2015, a finance ministry official said on Tuesday, according …

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