Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2023

• 12 September 2023 10:02 pm

  Gold price meets support ahead of US inflation data

  

  The US economy is absorbing the effects of higher interest rates with ease, and the US Dollar gains in appeal. Investor caution ahead of August Consumer Price Index data in the US is putting pressure on the price of gold, as a sharp rise in petrol costs suggests that headline …

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• 12 September 2023 9:19 pm

  Wall Street slides lower amid rising oil prices

  

  US stocks are falling as Wall Street waits for updates on the economy and major tech firms. At lunchtime, the S&P 500 was down 0.5%, while the Dow Jones Industrial Average was down 51 points, or 0.1%, to 34,612. After largely declining for a year, oil prices have begun rising …

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• 12 September 2023 7:52 pm

  USD/JPY rebounds despite BoJ’s hawkish remarks

  

  The USD/JPY pair rose 0.43% to 147.20 after Bank of Japan Governor Ueda suggested ending negative interest rates. The US 10-year Treasury yield remains steady at 4.292%, bolstering the dollar ahead of August inflation data. Markets anticipate a rise in the Consumer Price Index from 3.2% to 3.6% YoY, potentially …

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• 12 September 2023 3:39 pm

  Putin warns of economic difficulties if inflation gets out of control

  

  Russian President Vladimir Putin said on Tuesday that rising inflation rates forced the central bank to raise interest rates to 12 percent last month, warning that the Russian economy would suffer if prices were allowed to get out of control. “In the event of high inflation, it will be practically …

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• 12 September 2023 2:43 pm

  Yen fell and dollar rose ahead of the release of inflation data

  

  The yen fell on Tuesday after achieving its largest single-day rise since mid-July on Monday after the Governor of the Bank of Japan indicated a possible end to the negative interest rate policy, which was widely echoed in all markets. Meanwhile, the dollar recovered some of its losses after recording …

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• 12 September 2023 2:42 pm

  Gold stabilizes as investors await the US inflation reading

  

  Gold prices stabilized on Tuesday as investors awaited a US inflation reading that could update views on interest rates after the Federal Reserve kept the door open to further tightening monetary policy. gold settled in spot transactions at $1,922.30 per ounce, while US gold futures fell 0.1 percent to $1,946.10. …

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• 12 September 2023 1:42 pm

  Oil prices stabilize as markets await inventories and economic data

  

  Brent crude futures hovered just above $90 a barrel on Tuesday, as investors awaited a series of macroeconomic data scheduled for later this week, which could indicate whether Europe and the United States will continue raising interest rates. By 0003 GMT, the price of global benchmark Brent crude fell six …

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• 12 September 2023 12:30 pm

  Japanese stocks rise 1% as yen declines

  

  Japanese stocks rose at the close by about 1% on Tuesday, September 12, and automakers led the gains, as the yen retreated from the highest level in a week to support the shares of export companies and risk appetite. The Nikkei index rose 0.95% to close near the highest level …

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• 12 September 2023 1:50 am

  Market Drivers – US Session, September 11

  

  New Zealand will release data on electronic card retail sales during the Asian session, and Australian confidence polls are also due. The UK employment statistics and the German ZEW survey will be the important reports later in the day. After several days of advances, the US Dollar Index’s (DXY) winning …

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• 12 September 2023 1:24 am

  Yen boosted by BoJ’s hints of pivot

  

  The EUR/JPY pair is trading around 156.60, or its lowest point since early August. Governor Ueda said that a shift in course might happen before the year is over. The ECB’s decision to hike rates on Thursday is still up for debate in the markets.On Monday, the EUR/JPY varied between …

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• 11 September 2023 10:57 pm

  US stocks close in green territory ahead of CPI data

  

  As market participants wait for important Consumer Price Index (CPI) inflation data due in the middle of the week, where headline consumer inflation is predicted to nudge up to 0.5% MoM from the previous period’s 0.2%, US equities are benefiting from the tech sector in Monday’s trade. The expectation for …

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• 11 September 2023 9:52 pm

  EUR/USD benefits from softer US dollar

  

  The EUR/USD pair increased to 1.0755, a four-day high. Prior to the ECB decision on Thursday, expectations for the tightening ECB remain stable. The US CPI data for August are expected on Wednesday. The EUR/USD rose towards the 1.0755 region at the beginning of the week, with gains of more …

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• 11 September 2023 8:58 pm

  WTI crude closer to yearly highs on positive Chinese data, supply cuts

  

  Due to Saudi Arabia and Russia’s agreement to reduce output by 1.3 million barrels through the end of the year, WTI crude oil is currently trading at $86.62. Oil prices are supported by China’s strong economic indicators and Japan’s probable end to negative interest rates.As supply cuts from Saudi Arabia …

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