Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2023

• 26 September 2023 7:46 pm

  Could Brent’s break above $100 be sustainable?

  

  The price of oil has increased by more than 25% so far this quarter. Analysts predict that Brent will surpass $100 in the near future. They do not think it will be sustainable, though. The last time Brent was seen trading above $92 a barrel.Although the oil price surge is …

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• 26 September 2023 4:33 pm

  Yen declines after the Bank of Japan sticks to its monetary policy, Dollar rise

  

  The yen fell on Friday after the Bank of Japan maintained its ultra-loose monetary policy, while the dollar remained near its highest level in six months on expectations that interest rates will remain high for a longer period in the United States. The yen declines after the Bank of Japan …

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• 26 September 2023 3:44 pm

  Turkish lira falls to a new record level

  

  The Turkish lira fell to a record low of more than 27.236 against the US dollar on Tuesday due to inflationary pressures and the rise of the dollar, bringing its losses on an annual basis to more than 31%. President Recep Tayyip Erdogan’s support for a low interest rate policy …

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• 26 September 2023 2:10 pm

  European stocks decline on rising yields and China problems

  

  European stocks continued to decline on Tuesday as high bond yields pressured the interest-rate-sensitive technology sector, while stocks exposed to China continued to weaken due to fears of a slowdown in the world’s second-largest economy. The European STOXX 600 index fell 0.7 percent by 0710 GMT, with the benchmark ten-year …

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• 26 September 2023 1:15 pm

  Oil prices fall as expectations of an interest rate hike overshadow supply scarcity

  

  Oil prices fell in early trading on Tuesday amid concerns that fuel demand will be affected by major central banks keeping interest rates high for longer, even as supply is expected to tighten. Brent crude futures fell 87 cents to $92.42 a barrel by 0630 GMT, while US West Texas …

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• 26 September 2023 12:10 pm

  Japan’s Nikkei closes lower as chip stocks decline

  

  Japan’s Nikkei closed down more than 1 percent on Tuesday, dragged down by a decline in chip-related heavyweights, but losses were limited as investors bought value stocks for the right to dividends. The Nikkei index closed down 1.11 percent at 32,315.05 points. Treasury bond yields continued to rise, reaching their …

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• 26 September 2023 2:03 am

  Market Drivers – US Session, September 25

  

  Metals retreated during the US session, with gold falling below $1,920 and moving closer to the $1,915 support region. At monthly highs, the US Dollar Index is just beyond the 106.00 range. On Tuesday, there are no economic events scheduled for the Asian or European sessions. The US will release …

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• 26 September 2023 1:37 am

  Gold is struggling to hold on to $1,915

  

  Gold buyers are finding it difficult to maintain $1,915.00 for Monday. The Gold Index is tumbling to new lows due to a strong US dollar. Analysts predict that Gold will hit $2,200 by the end of the year, but there are still policy risks. On Monday, gold fell further, hitting …

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• 26 September 2023 12:31 am

  WTI retreats as Russia lifts fuel ban

  

  Russia is making news headlines concerning the oil sector on Monday. WTI crude oil has lost more than 0.45% of its value after reaching a high of $90.34. WTI’s three-week surge was ended by the Federal Reserve’s decision to hold rates while predicting higher rates for the upcoming year. Oil …

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• 25 September 2023 10:36 pm

  European stocks retreat to fresh lows

  

  The German DAX lost 151 points, and the FTSE lost 60 points, as European stocks generally ended the day lower. European stocks fell as a result of rising rates and economic worries, while exporters with considerable exposure to Chinese markets also suffered. Equities were also influenced by rising commodity prices …

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• 25 September 2023 10:14 pm

  Cryptocurrencies fall in the new trading week

  

  The beginning of the third quarter and the final trading week of September saw decreased cryptocurrency values. According to Coin Metrics, Bitcoin momentarily dropped to a low of $26,011.41 on Monday morning, its lowest point in almost two weeks. The last time it decreased by almost 1%. The leading cryptocurrency …

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• 25 September 2023 9:14 pm

  S&P 500 higher after US inflation data

  

  US stocks opened higher after the release of inflation data by the Bureau of Labor Statistics, showing prices rose 3.2% in July from a year ago, marking the first increase after 12 months of steady declines. Overall inflation has dropped from last summer’s peak of 9.1%. The 10-year Treasury rose …

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• 25 September 2023 8:41 pm

  USD/JPY soaring on BoJ’s stance, climbing T-yields

  

  The American dollar is gaining ground against the Yen. As the Bank of Japan maintains rates and sticks with its accommodative monetary policy while raising concerns about the durability of increasing inflation, the USD/JPY pair is showing a gain of 0.38%. The US dollar is supported by rising US Treasury …

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