Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2023

• 20 September 2023 11:57 am

  Producer prices in Germany recorded their largest decline ever

  

  Producer prices in Germany recorded their biggest year-on-year decline in August since data collection began in 1949, raising hopes that inflation will continue to ease in Europe’s largest economy. The Federal Statistics Office reported on Wednesday that producer prices fell by 12.6 percent year-on-year. Analysts polled by Reuters had expected …

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• 20 September 2023 11:22 am

  Oil falls ahead of Fed

  

  Oil prices fell, becoming further away from their highest levels in ten months on Wednesday, ahead of the announcement of the Federal Reserve’s decision on the interest rate, amid a state of uncertainty among investors about when interest rates will reach their peak and the extent of this impact on …

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• 20 September 2023 1:48 am

  Market Drivers – FOMC Day Eve, September 19

  

  FOMC’s day will be a busy day. The Asian session will feature New Zealand’s release of Q2 Current Account data, and Japan will report August trade data.The Australian Westpac Leading Index will be released. The focus will be on the People’s Bank of China (PBoC) interest rate decision. Later on …

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• 20 September 2023 1:34 am

  How have Treasury yields, US stocks performed ahead of FOMC decision?

  

  The latest US consumer price index data bolstered concerns that the Fed’s latest efforts to bring inflation back to its 2 per cent target might take longer than expected. Rising energy costs pushed the rise in the headline CPI figure to 3.7 per cent in August, above economists’ expectations. A …

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• 20 September 2023 12:23 am

  Gold pulls back ahead of FOMC decision

  

  The price of gold rose to $1937.35—a two-week high—before falling to $1931.77—a decrease of 0.06%. In the meantime, the US 10-year Treasury note yield rises to a 16-year high of 4.367%, depressing gold prices.Investors watch the Federal Reserve’s “dot plots” and revised economic estimates closely for signs of a rate …

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• 19 September 2023 11:45 pm

  Bank of Canada’s Kozicki: Interest rates need to stay high

  

  According to Deputy Governor Sharon Kozicki of the Bank of Canada, interest rates must continue to be high. She emphasised how worried they are about the underlying inflation. The latest Consumer Price Index report shows that inflationary pressures are still widespread, she said, despite the fact that core inflation measures …

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• 19 September 2023 10:14 pm

  GBP/JPY retreats as markets await Japan’s Trade Balance, UK rate decision

  

  The GBP/JPY pair was seen falling back to the midline after failing to maintain its bullish advance. Regarding the imminent rate decision from the Bank of England, investors are waiting for guidance.The Japanese Yen’s momentum for the Wednesday session may be set off by data on the trade balance in …

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• 19 September 2023 8:34 pm

  WTI steadies after passing $92 as EIA warns of US crude output slowdown

  

  On Tuesday, US WTI crude is reaching new ten-month highs. According to reports, the US shale output may fall faster than anticipated. Aiming at $100 per barrel, the outlook for oil is firmly favourable. In Tuesday’s trading session, WTI crude oil barrels briefly crossed the $93.00/bbl mark, before retreating to …

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• 19 September 2023 8:07 pm

  USD/JPY nearest to yearly highs as investors await BoJ, Fed decisions

  

  The USD/JPY pair is trading at 147.71, a yearly high, as investors remain cautious ahead of the US Federal Reserve and Bank of Japan policy decisions. The Fed is expected to keep rates unchanged at the 5.25%-5.50% range, focusing on economic forecasts and Federal Funds Rate projections. The Bank of …

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• 19 September 2023 5:56 pm

  Powell’s Hawkish Tone Expected to Bolster the US Dollar

  

  Navigating by the seat of their pants – that’s a less charitable way to characterize the Federal Reserve’s recently professed reliance on real-time data for policy decisions. While we could extend some acknowledgement to Fed Chair Jerome Powell and his team, it’s apparent that the central bank is gently decelerating …

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• 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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