Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2023

• 19 September 2023 3:33 pm

  Gold rises to its highest level in two weeks before FOMC meeting

  

  Gold prices rose to their highest level in two weeks on Tuesday, September 19, as the dollar fell from its highest level in 6 months before the start of the US Federal Reserve’s monetary policy meeting later today, and with markets awaiting a new set of economic forecasts from the …

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• 19 September 2023 1:26 pm

  The Nikkei index closed lower

  

  Japan’s Nikkei index closed lower on Tuesday, with chip-related stocks leading the decline amid investor caution ahead of central bank meetings in the United States and Japan. The Nikkei index fell 0.87 percent to 33,242.59 points. Tokyo Electron shares fell 5.23 percent, recording the worst performance on the index. Japanese …

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• 19 September 2023 12:43 pm

  European stocks decline as the industrial sector slows

  

  European stocks fell on Tuesday in volatile trading, as industrial stocks continued their losses for the second session in a row, while cautious investors awaited a series of central bank decisions this week. The European STOXX 600 index fell 0.1 percent by 0717 GMT. Investors are cautious before decisions related …

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• 19 September 2023 11:40 am

  Euro rises and Yen falls ahead of a series of central bank meetings

  

  The euro clung to gains on Tuesday after hawkish comments from policymakers at the European Central Bank, while the yen remained near a ten-month low ahead of an interest rate decision from the Bank of Japan later this week. Currency movements were limited in early Asian trading, as markets await …

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• 19 September 2023 2:01 am

  Market Drivers – US Session, September 18

  

  The US Dollar modestly declined but remained above 105.00 on a calm week start. It marked the first daily loss after nine consecutive days of gains. This correction has taken place during quiet trading circumstances as markets await key central bank meetings. On Wall Street, stocks opened the week with …

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• 19 September 2023 1:45 am

  The EUR/GBP higher amid wavering Sterling

  

  to kick off the trading week, the EUR/GBP pair is decisively climbing over the 0.8600 handle and extending upwards as the Bank of England (BoE) looms over the horizon.Sterling bulls hope to survive this week’s UK inflation data before BoE rate call. The Bank of England is broadly expected to …

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• 19 September 2023 1:33 am

  Wall Street flat ahead of looming FOMC decision

  

  Wall Street closed with little change on Monday as investors await the US Fed’s decision to leave key interest rates unchanged on Wednesday, as expected. The three major US stock indexes ended a choppy session with nominal gains, as investors showed little conviction heading into the Fed’s two-day monetary policy …

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• 18 September 2023 11:25 pm

  GBP/JPY struggles ahead of BoE rate decision

  

  Currently suffering, the GBP/JPY pair is trading close to the day’s low of 182.80. The UK’s August CPI, which is anticipating a 0.7% increase over the 0.4% fall from the previous month, will be revealed early on Tuesday. On Thursday, the BoE is anticipated to increase the benchmark interest rate …

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• 18 September 2023 11:08 pm

  Gold price maintains recent gains ahead of FOMC meeting

  

  The Gold Index (XAU/USD), which is up by 0.40%, has soared to the $1,930s territories. In anticipation of this week’s central bank decisions, markets are still cautious. The metal’s potential is constrained by still-high US yields.On Monday, the current price of gold is remaining above the convergence of the 20 …

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• 18 September 2023 9:42 pm

  Could Fed leave interest rate unchanged this week?

  

  The US central bank is expected to skip an interest rate hike at the end of its two-day meeting later this week, but consumers may not feel any relief. The central bank has already raised interest rates 11 times since last year, the fastest pace of tightening since the early …

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• 18 September 2023 8:47 pm

  What do Saudi Energy Minister’s statements mean for oil price outlook?

  

  While speaking before the World Petroleum Congress in Canada, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman noted that Saudi Arabia is targeting less volatility in energy markets rather than targeting prices. Crude oil prices continue to edge higher following these statements and the barrel of West Texas Intermediate was …

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• 18 September 2023 7:41 pm

  Canada CPI could indicate another jump in inflation

  

  Statistics Canada is set to release its August Consumer Price Index (CPI) data on September 19, with economists and researchers of five major banks forecasting the data. Headline inflation is expected to be at 3.8% year-on-year, the highest since April and further above the 2% target. On a monthly basis, …

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• 18 September 2023 4:02 pm

  Russia and China will build an oil shipping complex worth $686 million

  

  The Russian Congress Fund said on Monday that Russia’s United Oil and Gas Chemical Company and China’s Shanyuan Industrial Development Company have agreed to pump joint investments worth five billion yuan ($686 million) to build an oil shipping complex in Russia’s far east. The complex will facilitate the export of …

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