Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2023

• 5 September 2023 3:07 am

  Market Drivers – US Session, September 4

  

  The Reserve Bank of Australia meeting will be the focal point of the Asian session. The interest rates are not anticipated to alter. Additionally, the Services PMIs’ final reading will be made public. Data on US factory orders and wholesale inflation in the Eurozone are due later in the day.In …

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• 5 September 2023 12:58 am

  What to watch this week on Wall Street

  

  This holiday-shortened week will witness key economic events, such as Factory Orders Data, Initial Jobless Claims, and Consumer Credit releases in the United States. These events will add to the spotlight on the Fed, with several FOMC speakers making speeches and the Fed’s Beige Book for September scheduled to be …

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• 4 September 2023 11:57 pm

  AUD/USD rebounds ahead of RBA’s decision

  

  As investors await the Reserve Bank of Australia’s next monetary policy decision, the AUD/USD pair recovers to 0.6460s, up 0.26%. A weaker US Dollar is caused by mixed US jobs data and Wall Street’s closure for Labour Day; the probability of a Fed rate hike in September remains at 92%. …

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• 4 September 2023 10:39 pm

  What is next for bullish rated MULTI token after soaring above 110%?

  

  Multichain (MULTI) has experienced a 15.47% increase in value on Monday, with the crypto up 115% to the $2.39 high. The broader crypto market has also seen a 4.75% increase. Multichain has a bullish sentiment reading on the InvestorsObserver Sentiment Score, which measures the crypto’s performance over the past five …

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• 4 September 2023 9:38 pm

  OPEC output cutbacks, weaker dollar push WTI daily gains

  

  Prior to settling around $85.50, WTI reached the support level of $85.32. Investors are still assessing the Friday-released August US NFPs. OPEC expected that its voluntary production caps would remain in place. The WTI crude barrel traded neutrally in the $85.50-$86.00 band, close to multi-month highs, thanks to the falling …

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• 4 September 2023 8:34 pm

  Chinese stocks surge on government’s property stimulus

  

  Chinese equities rose on Monday as Beijing pushes forward attempts to restore the nation’s struggling real estate market, while a rally in Europe fizzled owing to worries about increases in eurozone interest rates. The Hang Seng in Hong Kong increased 2.5%, driven primarily by strong gains in developer firms, while …

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• 4 September 2023 7:41 pm

  China’s economic woes lead to a shift in global image

  

  With the country’s economy growing at an annual pace just above 3.5% in the second quarter. This is far from the 9.9% rate it averaged over its first three decades of economic reform. The country’s aging labour force is shrinking, and President Xi Jinping emphasizes loyalty to the Communist Party …

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• 4 September 2023 6:31 pm

  Euro on upward trend on Lagarde’s statements, China’s fresh measures

  

  The euro has continued to rise since the beginning of daily trading on Monday, driven by improved risk appetite in global financial markets after measures announced by China to support the real estate sector, in addition to statements by Christine Lagarde, President of the European Central Bank, which favoured further …

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• 4 September 2023 3:04 pm

  Oil holds breath ahead of OPEC+ supply cut expectations

  

  Oil prices remained constant on Monday, with predictions that major producers would keep supply tight, as hopes grew for the Federal Reserve to keep interest rates unchanged in order to keep the US economy from slowing. By 1110 GMT, Brent crude futures had risen 5 cents to $88.60 per barrel. …

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• 4 September 2023 1:56 pm

  Inflation in Türkiye reached 58.9% in August

  

  Official data showed on Monday, September 4, that annual consumer price inflation in Turkey rose to 58.94% in August, exceeding expectations and rising for the second month in a row as a result of the decline in the lira and the recent increase in taxes. The consumer price inflation rate …

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• 4 September 2023 1:19 pm

  European stocks rose on optimism about the Chinese economy

  

  European stocks rose on Monday, boosted by positive sentiment in Asian markets, amid investor optimism that a series of stimulus measures announced by China will help its slowing economy, and Novo Nordisk shares reached a new record high. The European STOXX 600 index rose 0.6 percent by 0720 GMT, after …

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• 4 September 2023 11:52 am

  Dollar declines amid expectations that interest rates will not be raised in US

  

  The dollar fell in cautious trading on Monday, as investors evaluated US jobs data, which included signs of a slowdown, reinforcing expectations that the Federal Reserve has likely reached the end of its monetary tightening cycle. The dollar index, which measures the US currency against a basket of currencies, fell …

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• 4 September 2023 10:50 am

  Oil rises amid expectations of OPEC+ supply cuts

  

  Oil prices rose on Monday, supported by expectations that major producers will maintain the restrictions they impose on supplies, as well as growing hopes that the Federal Reserve (the US central bank) will leave interest rates unchanged to avoid an economic slowdown. Brent crude futures for November delivery rose three …

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