Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2023

• 27 September 2023 4:26 pm

  Increased payments for Russian imports in Chinese yuan under sanctions

  

  Russian imports billed in Chinese yuan rose to 20 percent in 2022 from three percent a year ago, a banking study published on Wednesday showed, after its invasion of Ukraine triggered packages of sanctions that left the country unable to access the global financial system. According to a study by …

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• 27 September 2023 1:48 pm

  European stocks open slightly lower

  

  European stocks opened slightly lower on Wednesday amid continuing concerns about economic growth in China and concerns about central banks keeping interest rates high for longer. The European STOXX 600 index fell 0.1 percent by 0705 GMT and is on track to continue its losses for a fifth session, while …

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• 27 September 2023 1:16 pm

  Oil rises as markets focus on tight supplies

  

  Oil prices rose in early trading on Wednesday, as markets focused on tight supplies ahead of winter and a “soft landing” for the US economy. By 0015 GMT, Brent crude futures rose 33 cents, or 0.4 percent, to $94.29 per barrel, while US West Texas Intermediate crude futures rose 31 …

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• 27 September 2023 10:30 am

  USD at a 10-month high as interest rates concerns persist

  

  The dollar rose to its highest level in ten months against a basket of major currencies on Wednesday, sending the euro and sterling to the lowest level in six months and raising the possibility of intervention to support the yen, as expectations of US interest rates remaining high for a …

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• 27 September 2023 3:53 am

  Market Drivers – US Session, September 26

  

  The US Dollar Index has continued its rally for the third consecutive day, with the index posting its highest daily close since November of the previous year. Despite negative sentiment, US Treasury yields remained around 4.54%, while the Dow Jones and Nasdaq declined by 1.15% and 1.54%, respectively. Economic data …

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• 27 September 2023 2:56 am

  Australia’s inflation for August expected to rebound

  

  The Australian monthly Consumer Price Index is expected to rise 5.2% YoY in August, marking the first reacceleration since April. This could be crucial for the Australian Dollar (AUD) and the Reserve Bank of Australia (RBA), which will hold its October monetary policy meeting next week.Inflation in Australia peaked in …

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• 27 September 2023 1:10 am

  Risk aversion, strong dollar drag GBP/USD lower

  

  The GBP/USD pair has experienced a 0.46% loss due to risk aversion following the Bank of England’s decision. The Fed’s higher-for-longer stance continues to support the Greenback, with speakers emphasizing the need for another rate hike and sustained high rates. The Sterling is expected to weaken against the US Dollar, …

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• 26 September 2023 11:44 pm

  USD/CAD surges on stronger US dollar

  

  In the US trading session on Tuesday, the USD/CAD pair was able to surpass the 1.3500 mark. The pair is trading at 1.3520, up +0.49 at the time of writing. The US Dollar Index dominates the broader market, making it difficult for the oil-backed Canadian currency to gain momentum.The second …

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• 26 September 2023 10:57 pm

  Gold pushed lower below $1900, on higher rate bets, soaring T-yields

  

  On the background of accelerating interest rate bets and amid skyrocketing Treasury yields, as well as the Federal Reserve’s conviction that interest rates will stay high for a considerable amount of time, gold prices have declined around $1900. At the time of writing, the precious metal is trading at $1899.90 …

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• 26 September 2023 8:56 pm

  US stocks retreat on soaring Treasury yields, robust US dollar

  

  Stocks and equities worldwide were lower on Tuesday due to US 10-year Treasury yields staying close to 2007 highs, while fears of higher interest rates ate into appetites for riskier assets. The dollar index eased from a 10-month high but was still rising, and the Japanese yen bounced from an …

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• 26 September 2023 7:46 pm

  Could Brent’s break above $100 be sustainable?

  

  The price of oil has increased by more than 25% so far this quarter. Analysts predict that Brent will surpass $100 in the near future. They do not think it will be sustainable, though. The last time Brent was seen trading above $92 a barrel.Although the oil price surge is …

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• 26 September 2023 4:33 pm

  Yen declines after the Bank of Japan sticks to its monetary policy, Dollar rise

  

  The yen fell on Friday after the Bank of Japan maintained its ultra-loose monetary policy, while the dollar remained near its highest level in six months on expectations that interest rates will remain high for a longer period in the United States. The yen declines after the Bank of Japan …

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• 26 September 2023 3:44 pm

  Turkish lira falls to a new record level

  

  The Turkish lira fell to a record low of more than 27.236 against the US dollar on Tuesday due to inflationary pressures and the rise of the dollar, bringing its losses on an annual basis to more than 31%. President Recep Tayyip Erdogan’s support for a low interest rate policy …

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