Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2023

• 15 September 2023 9:50 am

  Oil rises to its highest level in 10 months

  

  Oil prices rose to their highest level in 10 months on Friday, after China reduced banks’ cash reserve requirements to boost its economic recovery, and amid expectations that the cycle of raising global interest rates will soon end. By 0027 GMT, Brent crude rose 46 cents, equivalent to 0.5 percent, …

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• 15 September 2023 12:47 am

  

  Market Drivers – US Session, September 14, 2023The EUR/USD pair resumed its downtrend, falling to the 1.0630 area. It posted the lowest daily close in months and remains under pressure. EUR/CHF suffered its worst day in months, dropping from weekly highs at 0.9600 to 0.9530, with a crucial support area …

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• 15 September 2023 12:26 am

  Why is German industry worried about Chinese criticism of EU probe?

  

  China has criticised the European Commission’s probe into its electric vehicle subsidies as being protectionist. Beijing claims that the investigation has harmed business ties between China and the EU. Analysts and Chinese industry executives who contend that the sector’s competitive advantage is not the result of subsidies are worried about …

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• 14 September 2023 10:19 pm

  Strongest day in 6 months for European stocks on ECB’ signals

  

  On Thursday, when the European Central Bank hinted that its monetary tightening was coming to an end, European stocks had their largest percentage gain in six months. The Eurozone equities index increased 1.3%, while the pan-European STOXX 600 index increased 1.5% to reach a more than one-week high.European stocks climbed …

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• 14 September 2023 9:18 pm

  Bitcoin price targets $27,000 as bulls ignore PPI data

  

  Bitcoin price is targeting $27,000 as bulls ignore surprise PPI inflation data. Despite recent macro data showing a rebound in US inflation, Bitcoin traders are anticipating greater increases. The Consumer Price Index (CPI) and Producer Price Index (PPI) August prints reaffirmed the US inflation return, and Bitcoin continued to gain …

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• 14 September 2023 8:57 pm

  USD/CAD continues to decline on higher oil prices

  

  The USD/CAD exchange rate has lost 1.3515 for the sixth consecutive day, with the US PPI increasing by 1.7% YoY in August. Retail sales were strong, and expectations of a Fed tightening loosened slightly. The number of Jobless Claims for the second week of September was less than anticipated.The USD/CAD …

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• 14 September 2023 7:45 pm

  Gold trades sideways, but long-term outlook seems promising

  

  After passing the $2,000 bar in the spring, Gold experienced weakness over the summer. Economists at Société Générale analyze the yellow metal’s outlook. The precious metal is trading at $1906.69 per ounce at the time of writing.While core inflation is stubbornly high and short-term headline inflation is still cooling, the …

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• 14 September 2023 4:47 pm

  ECB raises interest rates by 25 basis points

  

  The European Central Bank raised interest rates by about 25 basis points, continuing the monetary tightening policy that has been in place for more than a year. According to the monetary policy decision issued today, September 14, the bank raised the deposit interest rate (base interest rate) by 25 basis …

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• 14 September 2023 2:35 pm

  Gold is stable amid expectations of stopping US interest rate hikes

  

  Gold prices stabilized on Thursday near their lowest levels in three weeks, which they touched in the last session after the release of US inflation data, which reinforced expectations that the Federal Reserve will stop raising interest rates next week. By 0747 GMT, spot gold prices stabilized at $1,905.49 per …

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• 14 September 2023 1:27 pm

  European stocks rise ahead of the European Central Bank’s interest rate decision

  

  European stocks rose on Thursday even as investors remained cautious ahead of the European Central Bank’s decision on interest rates, as it is likely to raise them for the tenth time in a row. Markets expect approximately 65 percent of interest rates to rise by 25 basis points, which will …

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• 14 September 2023 12:23 pm

  Japan’s Nikkei closes near a one-week high

  

  Japan’s Nikkei index rose to close near its highest level in a week on Thursday after data showed that US inflation remains sluggish and the downward trend reinforced expectations that the US central bank will keep interest rates unchanged next week. The Nikkei rose 1.41 percent to 33,168.10 points, reaching …

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• 14 September 2023 11:53 am

  Oil is rising as markets focus on tight supply

  

  Oil prices rose on Thursday after falling slightly in the previous session, as markets returned to focus on expectations of tight crude supply during the rest of 2023. Brent crude futures rose 17 cents to $92.05 a barrel at 12:02 GMT, while US West Texas Intermediate crude rose 19 cents …

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• 14 September 2023 2:53 am

  Market Drivers – US Session, September 13, 2023

  

  The dollar index rose on Wednesday after US economic data showed inflation increased for August, but did little to change expectations for the path of rate hikes from the Federal Reserve. The consumer price index increased by 0.6% last month, the largest gain since June 2022, as gasoline prices jumped. …

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