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Market Analysis

September, 2023

  • 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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  • 14 September 2023 1:36 am

    European stocks close down 0.4% as FTSE tries to hold on

    European stocks closed down 0.4% on Wednesday, with investors anticipating the latest rate call from the ECB. Inflation remains a significant issue for national European central banks, with the Bank of England caught between a rock and a bigger rock.The German DAX and France’s CAC40 both ended trading down around …

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  • 14 September 2023 12:16 am

    WTI slides on surprising US inventories, stronger dollar

    Following a surprising increase in US crude stocks and a 3.7% YoY increase in August, WTI is currently trading at $87.969, down 0.17% after losing 0.33% earlier during the US trading session. Contrary to forecasts, the most recent US crude oil stocks showed a 4 million barrel gain. According to …

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  • 13 September 2023 11:18 pm

    Bitcoin price rests above $26,200 following key CPI print

    The US headline Consumer Price Index (CPI) rose by 3.7% yearly in August, exceeding expectations, and core CPI annual inflation came in at 4.3%, in line with forecasts. Bitcoin price hovers above $26,200, with most of the crypto market noting a minor decline. The larger-than-expected rebound in prices leaves room …

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  • 13 September 2023 10:34 pm

    Will ECB hike or keep interest rate unchanged?

    The European Central Bank is set to announce its Monetary Policy Decision on September 14, and as the release time approaches, economists and researchers from 10 major banks predict a range of outcomes. Markets are split, with 26 analysts polled by Bloomberg seeing no change and 23 seeing a 25-bps …

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  • 13 September 2023 9:32 pm

    Gold price seeking key move despite US CPI

    The price of gold is seen under pressure as investors turn their attention to digest the most recent US inflation data due to worries that increase the chance of a last interest rate hike by the US central bank in the remaining months of 2023 could result from upside risks …

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  • 13 September 2023 8:57 pm

    US dollar benefits from CPI print

    The US dollar has moved into positive territory following Wednesday’s CPI reading, confirming another Fed rate increase. This week, the US Dollar Index turns green and is in positive territory; as the US Dollar Index is recording 104.730 at the time of writing Traders are seeking direction as they interpret …

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  • 13 September 2023 7:38 pm

    Fast Steps By US, Allies On New Middle East Gas Supplies

    The US and European allies are relocating to replace lost Russian gas supplies, with Egypt playing a crucial role in the new global oil and gas market order. Companies like Chevron, BP, Shell, and Italy’s Eni have been instrumental in securing a steady supply of gas from reliable new suppliers. …

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  • 13 September 2023 5:53 pm

    The G20 Summit – The Potential Effects on Financial Markets

    In an era marked by seismic shifts in the global economic and political landscape, Noor Capital’s Research and Development Department prepared the latest research paper that delves deep into the implications of the eighteenth G20 Summit. As the assembly of the world’s major economies comes to pass, the paper scrutinizes …

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  • 13 September 2023 4:03 pm

    Minister of Energy: Russia’s oil production will fall by 1.5 percent in 2023

    Russian Energy Minister Nikolai Shulginov was expected to decline by 1.5 percent to 527 million tons (10.54 million barrels per day) this year from 535 million in 2022, Izvestia newspaper reported, citing Russian Energy Minister Nikolai Shulginov on Wednesday. Russia, the second largest oil exporter after Saudi Arabia, has stopped …

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  • 13 September 2023 1:09 pm

    Interest rate concerns weigh on European stocks

    European stocks fell on Wednesday as investors awaited an important report on inflation in the United States scheduled to be issued later on Wednesday, searching for clues about the path of US interest rates. The European STOXX 600 index fell 0.5 percent by 0707 GMT, with the interest rate-sensitive technology …

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  • 13 September 2023 12:20 pm

    Dollar stabilizes with anticipation of US inflation data

    The dollar was broadly stable ahead of US inflation data later on Wednesday, although it rose against the yen as investors digested comments from the Bank of Japan Governor indicating a possible end to negative interest rate policy. The US currency rose about 0.2 percent to 147.39 against the yen. …

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  • 13 September 2023 11:26 am

    Oil prices are hovering near a 10-month high supported by concerns about demand

    Oil prices rose on Wednesday, hovering again at the highest level in ten months that they touched in the previous session, as expectations of shrinking global supplies and fears of an interruption in Libyan supplies overshadowed fears of a slowdown in demand in some countries such as China. By 0054 …

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