Noor Trends News, Technical Analysis, Educational Tools and Recommendations
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 …
Read More »Market Analysis
September, 2023
-
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 …
Read More » -
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 …
Read More » -
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 …
Read More » -
25 September 2023 7:39 pm
Euro retreats on Lagarde’s comments
In her speech prepared for delivery before the European Parliament’s Committee on Economic and Monetary Affairs, European Central Bank President Christine Lagarde noted that recent indicators point to a further weakness in the economic activity in the third quarter.Lagarde elaborated by noting a moderation in job creation in the services …
Read More » -
25 September 2023 4:47 pm
German IFO Business Climate Index declines in September
The main German IFO Business Climate Index fell to 85.7 in September, down from 85.8 in August. This number was slightly higher than the market forecast of 85.2. The Current Economic Assessment fell to 88.7 from 89.0 in the same time, but the Expectations Index, which measures firms’ expectations for …
Read More » -
25 September 2023 2:14 pm
Russia makes minor amendments to the fuel export ban
A government document showed on Monday that the Russian government agreed to some amendments to the fuel export ban, lifting restrictions on fuel used to supply some ships, and diesel that contains a high percentage of sulfur. Moscow also lifted restrictions on the export of fuel that Russian Railways and …
Read More » -
25 September 2023 1:18 pm
European stocks decline at the beginning of the last week of Q3
European stocks began trading in the last week of the third quarter of the year with a decline, as investors became concerned about the tendency for interest rates to remain high for a longer period, and the weakness of shares of companies exposed to China pressured the index. The European …
Read More » -
25 September 2023 12:38 pm
Nikkei is back on the rise, driven by the rise in chip and pharmaceutical stocks
Japan’s Nikkei index rose strongly on Monday as investors bought back stocks whose prices had fallen after the index recorded its worst weekly performance in 2023. The Nikkei rose 0.85 percent to end trading at 32,678.62 points. The broader Topix index also rose 0.39 percent. Last week, the Nikkei fell …
Read More » -
25 September 2023 11:27 am
Oil rises as investors focus on tight supplies
Oil prices rose on Monday as investors focused on expectations of tighter supplies after Moscow issued a temporary ban on fuel exports amid continuing concerns that another interest rate hike could dampen demand. Brent crude futures increased 69 cents, or 0.7 percent, to $93.96 a barrel by 0646 GMT, after …
Read More » -
25 September 2023 12:05 am
Financial Markets’ Weekly Recap, September 18-22
The first interest rate cut in the USA is now expected in July 2024, pushed out from the June rate cut priced in before. The Fed’s updated economic outlook shows that the US economy has held up better than expected, with a modest cooling to 1.5% annual growth in 2024 …
Read More » -
23 September 2023 1:36 am
Market Drivers – US Session, September 22
US stocks experienced a fourth consecutive day of losses and even closed as one of the worst weeks since March 2023, with the Dow Jones dropping 0.31% to 33,963.84. The S&P 500 and Nasdaq slipped 0.23% and 0.09%, respectively. Ford ended the day up 1.9% after a source reported progress …
Read More » -
22 September 2023 10:00 pm
Gold shines as US yields drop amid positive market mood
An obvious change in US bond yields, with the 10-year note coupon falling from a 16-year high of 4.51% to 4.44%, constitutes a key factor that causes gold prices to recover and gain 0.25%.The Fed’s decisionmakers were eager to convey a cautious stance, highlighting the need for a big deal …
Read More »