Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2020

• 16 July 2020 4:38 pm

  ECB Leaves Key Rates Unchanged

  

  At its monetary policy meeting held on July 16th, the Governing Council of the European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as …

  Read More »
• 16 July 2020 4:19 pm

  Data Releases Today

  

  The ECB rate decision on Thursday just came out. As expected, the central bank leaves the interest rates unchanged. Later today, we will be looking at the June retail sales report from the United States. It’s expected to post a 5.0% rise after a 17.7% rise in May.  We will …

  Read More »
• 16 July 2020 3:34 pm

  China’s GDP Rebounds in Q2

  

  Official data released early in the morning showed that the Chinese economy witnessed a boom in the processes of reopening the economy and expanding in the post-Covid-19 period in Q2 with the expansion of the country’s manufacturing sector. Q1 annual GDP came in at + 3.2%, exceeding analyst expectations at …

  Read More »
• 16 July 2020 2:54 pm

  IMF Chief Warns Global Economy ‘Not Out of The Woods’

  

  Global economic activity is picking up after an unprecedented decline this year due to the coronavirus pandemic, but a second major wave of infections could trigger more disruptions, IMF Managing Director Kristalina Georgieva said. “We are not out of the woods yet,” Georgieva said The International Monetary Fund had cut …

  Read More »
• 16 July 2020 2:09 pm

  Gold Close to Session Lows Around $1805

  

  The yellow metal saw modest declines on Thursday and snapped the rally in 3 days. Gold fell during the European session and reached new daily lows around $ 1805-04 in the last hour. The metal failed to take advantage of this week’s rebound from the support area of ​​1790 and optimism …

  Read More »
• 16 July 2020 1:33 pm

  China: Hopes Trade Deal Reached with US Can Still be implemented

  

  China said on Thursday that it hope to implement the first stage of the trade agreement it reached with the United States and stressed its willingness to abide by the agreement despite the recent US sanctions on Chinese officials and companies. Chinese Foreign Ministry spokeswoman Hua Chunying told reporters at …

  Read More »
• 16 July 2020 12:55 pm

  European Stocks Lower on Us-China Tension

  

  European stocks fell from their highest levels in a month as the tension between the United States and China weakened hopes of a rapid global economic recovery. Europe’s STOXX 600 was down 0.9% at 0800 GMT and London’s FTSE 100 also fell 0.9%, both partially giving-up yesterday’s gains. Weak earnings …

  Read More »
• 16 July 2020 12:04 pm

  Oil Prices Ease After OPEC + Decision

  

  Oil prices retreated after OPEC + agreed to taper record supply curbs from August, although the drop had received some bailouts from the rapid recovery of US demand after crude inventories fell in. Brent fell 33 cents, or 0.8%, to $ 43.46 a barrel, with WTI down 42 cents, or …

  Read More »
• 16 July 2020 11:25 am

  New Car Sales Drop in Europe

  

  Industry data showed on Thursday that European car sales fell in June compared to last year, although they showed an improvement since May we ease of Covid-19 and lockdown measures  Statistics of the European Automobile Manufacturers Association (ACEA) showed the registration of new cars in June decreased by 24.1% YoY …

  Read More »
• 16 July 2020 10:56 am

  Shares Fall in Asia, Ignoring Data

  

  Asian shares and US stock futures fell on Thursday, due to concerns about the trade tension between the United States and China and the economic cost of the Covid-19 waves. MSCI’s broadest index of Asia-Pacific shares outside Japan fell by 1.18%, while Tokyo’s Nikkei fell 0.74%. Shares in China fell …

  Read More »
• 16 July 2020 10:32 am

  UK Unemployment Rate Beats Estimates

  

  Data published by the Office of National Statistics (ONS) showed that the UK official unemployment rate remained unchanged at 3.9% posted in May while the number of claimants count change fell unexpectedly last month. The number of people claiming jobless decreased by 28.1K in June, compared to expectations for +250K …

  Read More »
• 16 July 2020 10:15 am

  FX Option Expiries For July 16 NY Cut

  

  FX option expiries for July 16 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1320 519m1.1350 2.0bn1.1400 853m1.1435 570m1.1450 712m1.1550 880m – GBP/USD: GBP amounts         1.2510 369m  – USD/JPY: USD amounts          107.25 576m107.30 556m107.35 410m – AUD/USD: AUD amounts 0.6980 563m – NZD/USD: NZD …

  Read More »
• 16 July 2020 1:00 am

  Wall Street Closes Higher on COVID-19 Near Vaccine

  

  The New York Stock Exchange (NYSE) closed higher on Wednesday, supported by positive news about the development of a vaccine for the coronavirus disease (COVID-19). In addition, the US Federal Reserve’s Beige Book showed that economic activity increased in almost all districts across the United States. The Dow Jones Industrial …

  Read More »