Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2023

• 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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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 22 September 2023 8:49 pm

  USD/JPY climbs on Friday, aiming for 148.50

  

  The USD/JPY pair is recovering on Friday into the top end of the week’s trading. The Bank of Japan maintained its negative rate policy regime, as markets broadly expected.On the data front, the US PMIs came in mixed, capping any decisive moves for the US dollar. The USD/JPY is set …

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• 22 September 2023 7:34 pm

  Fed’s Bowman: Further interest rate hike likely to combat high inflation

  

  Further interest rate increases will likely be appropriate, with inflation still being too high, Federal Reserve Governor Michelle Bowman said on Friday, per Reuters.Bowman’s comments failed to trigger a noticeable market reaction and the US Dollar Index was last seen posting small daily losses at 105.36.Key Quotes“Fed policy will need …

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• 22 September 2023 3:14 pm

  European stocks are heading for a weekly decline, with the possibility of a rate hike lasting longer

  

  European stocks fell on Friday and were heading to end a week full of central bank decisions on a lower note, while investor assessments concluded that borrowing costs are likely to remain high for some time. By 0709 GMT, the European Stoxx 600 index fell 0.6 percent after ending the …

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