Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2023

• 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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• 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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