Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The general election in Italy could add some more trouble to Europe’s heap of existing troubles including the war in the east, the hot inflation and the looming energy crisis.Forecasts indicate that power in Italy could be driven to the far-right coalition led by Giorgia Meloni from “the Brothers of …

US stocks fell on Thursday, for the third successive day after the Fed delivered another aggressive 75 base point rate hike. The monetary policy decision, originally meant to encounter hot inflation, triggered anew fears that the US economy could fall into a recession.The Dow Jones Industrial Average was last down …

A spokesperson for the US Treasury said on Thursday that they acknowledge the Bank of Japan’s intervention in the foreign exchange market.“The Bank of Japan today intervened in the foreign exchange market. We understand Japan’s action, which it states aims to reduce recent heightened volatility of the yen,” the spokesperson …

Three major US banks are raising their prime lending rates to the highest levels since the global financial crisis of 2008, following Fed’s interest rate hike.JPMorgan Chase & Co (JPM.N), Citigroup Inc and Wells Fargo & Co (WFC.N) said the new rates, including the latest 75 basis point hike, would …

Consumer confidence in the eurozone retreated to record low in September amid accelerating concerns about increased costs of living and slowdown of the EU economy. The European Commission said Thursday that its measure of consumer confidence in the region fell by 3.8 points in September from the August reading. The …

There were 213,000 initial jobless claims in the week ending September 17, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 208,000 (revised from 213,000) and came in better than the market expectation of 218,000. Further details …

Gold prices pared losses on Thursday as the dollar retreated from a two-decade high, although pressure continued on the precious metal amid rising US bond yields and hawkish comments on interest rate hikes from the Federal Reserve. And gold fell in spot transactions 0.2 percent, recording 1670.40 dollars an ounce …

Following its September policy meeting, the Bank of England (BoE) announced that it raised the policy rate by 50 basis points (bps) to 2.25%. Although this decision aligned with the market expectation, futures markets were pricing in a strong chance of a 75 bps hike. The GBP/USD pair meets with a …

The Japanese yen rose sharply Thursday, September 22, after authorities intervened in the foreign exchange market for the first time since 1998 to prop up the tumbling currency. The dollar fell to 140.31 yen, and fell in the last trading 1.2% to 142.37 in highly volatile transactions. The yen also …

Dubai, United Arab Emirates – 20th September 2022: Fazzaco Expo Dubai 2022 will make its debut in Dubai on October 12-13, 2022 at Festival City-Festival Arena. It is a high-quality B2B+B2C event offering seamless networking opportunities for decision-makers, executives, managers, IBs, and traders across the financial and fintech industry, including …