Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2023

• 11 September 2023 4:04 pm

  JPY rises and USD declines before inflation data

  

  The Japanese yen jumped Monday, September 11, after comments by Bank of Japan Governor Kazuo Ueda raised hopes that the country may soon enter a new era away from negative interest rates, while the dollar fell ahead of US inflation data scheduled for release this week. The Japanese currency rose …

  Read More »
• 11 September 2023 2:33 pm

  Turkey’s current account recorded a deficit of $5.466 billion in July

  

  The Central Bank of Turkey said Monday, September 11, that the country’s current account surplus turned into a deficit of $5.466 billion in July, which exceeds Reuters expectations of a deficit of $4.5 billion. The country’s current account registered a surplus of $651 million in June. In 2022, Turkey’s current …

  Read More »
• 11 September 2023 2:28 pm

  Unemployment in Türkiye decreased to 9.4% in July

  

  Turkey’s annual inflation slowed for the seventh month in a row, reaching 38.2% against expectations of 39.47%. In June, inflation recorded 39.5%, after a slowdown from record levels in October 2022, which reached 85.5%. On Thursday, June 22, Turkey’s central bank raised the country’s main interest rate, nearly doubling it …

  Read More »
• 11 September 2023 12:55 pm

  European stocks stabilize after a seven-day sell-off

  

  European stocks rose on Monday as investors awaited US inflation data as well as a monetary policy decision from the European Central Bank later in the week for further indications on the path of global interest rates. The European STOXX 600 index rose 0.6 percent by 0712 GMT, after falling …

  Read More »
• 11 September 2023 12:13 pm

  Gold rises ahead of US inflation data

  

  Gold prices rose on Monday, supported by a decline in the dollar, as investors awaited inflation data in the United States, which may make the Federal Reserve inclined to raise interest rates later in the year. Gold jumped in spot transactions 0.5 percent to $1,927.39 per ounce by 0614 GMT, …

  Read More »
• 11 September 2023 4:45 am

  Financial Markets’ Weekly Recap, September 4:8

  

  The G-20 leaders decided on Saturday to implement the reporting framework for digital assets quickly since a sizable portion of their members want information exchange on these non-financial assets to begin by 2027. To prevent tax evaders from hiding their unreported wealth with such non-financial assets, the Crypto Asset Reporting …

  Read More »
• 9 September 2023 12:09 am

  Why do Fed’s economists expect low inflation, no recession, positive growth?

  

  Federal Reserve Bank of Chicago economists forecast that inflation will decline without pushing the US economy into a recession. They also described a Goldilocks scenario for a soft landing in a recent study. Inflation may fall below 2% by next year, negating the need for any rate increases.Stefania D’Amico and …

  Read More »
• 8 September 2023 10:20 pm

  WTI expected to close a winning week

  

  WTI crude rose by over 0.70% on Friday, reaching $88.00. However, the daily chart shows exhaustion signals, suggesting tighter supply is a tailwind for oil prices. Global weakening demand may cap gains. The West Texas Intermediate advanced near $88.00 and settled below $87.00, still poised for a 2% weekly gain. …

  Read More »
• 8 September 2023 8:45 pm

  USD/JPY approaches 148.00 on softer Japanese wages

  

  The USD/JPY pair surges by 0.30%, moving closer to 147.70. In order to prevent the BoJ from being pressured to change course, the USD is declining and the DXY Index is consolidating after rising to a multi-month high of 105.15 after Japan released weak GDP and earnings data.After Japan released …

  Read More »
• 8 September 2023 3:06 pm

  Oil prices stabilize amid Saudi cuts and pessimistic economic expectations

  

  Oil prices stabilized on Friday as investors weighed the impact of both concerns about the state of the Chinese economy and supply cuts from Saudi Arabia and Russia. The two benchmark crude oils reached their highest levels in ten months this week after Saudi Arabia and Russia extended their voluntary …

  Read More »
• 8 September 2023 2:02 pm

  European stocks stabilize after a seven-day sell-off

  

  European stocks rose slightly on Friday, with investors snapping up shares in luxury goods and technology companies that fell sharply after a wide range of concerns, including the possibility of continued high US interest rates and a slowdown in the European economy, negatively affected sentiment this week. The European STOXX …

  Read More »
• 8 September 2023 12:38 pm

  The Nikkei index faces a weekly loss due to interest rates concerns

  

  Japan’s Nikkei index fell by more than one percent on Friday, incurring its first weekly loss in three weeks after following the path of Wall Street in light of fears that the Federal Reserve will tighten its monetary policy and that China will extend a ban on iPhones. Technology and …

  Read More »
• 8 September 2023 12:16 pm

  Gold is heading for a weekly decline in light of the strength of the US economy

  

  Gold rose slightly on Friday as the dollar retreated from its high levels, but the precious metal is still on track to record a weekly decline as investors focus on the increasingly strong US data. Gold rose in spot transactions 0.3 percent to $1,925.14 per ounce by 0545 GMT, but …

  Read More »