Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 30 September 2022 5:17 pm

  Gold is nearing its worst quarterly drop in 18 months due to higher interest rates

  

  Gold prices, which rose on Friday as the dollar fell, are close to posting their worst quarterly drop since March last year, as central banks around the world stick to tight monetary policies. And gold rose in spot transactions on Friday 0.3 percent to $ 1665.99 an ounce by 1029 …

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• 30 September 2022 3:16 pm

  Oil prices are heading for weekly gains, with the possibility of OPEC + reducing production

  

  Oil prices are heading for their first weekly gain in five weeks on Friday, supported by the decline in the US dollar and the possibility of the OPEC + group agreeing to reduce crude production when it meets on the fifth of October. Brent crude futures for November rose 95 …

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• 30 September 2022 1:43 pm

  The euro and sterling rise at the calm end of a volatile week

  

  The euro and the British pound rose to a one-week high on Friday, bolstered by moves from the Bank of England to reassure the markets and indications that the European Central Bank is tightening monetary policy as foreign exchange markets regained some calm at the end of a volatile week. …

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• 30 September 2022 12:31 pm

  Turkish Statistical Institute: Trade balance deficit jumped 160% in August

  

  Data published by the Turkish Statistical Institute on Friday showed that the country’s foreign trade balance deficit rose 159.9% year-on-year to $11.19 billion in August, affected by a 40.4 percent rise in imports. The data indicated that imports amounted to $32.53 billion, while exports rose by 13.1 percent to $21.34 …

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• 30 September 2022 12:29 pm

  European shares jump at the end of a turbulent quarter

  

  European shares rose on Friday on the last day of trading from a turbulent quarter in which stocks were hit hard as investors worried about the impact of monetary policy tightening on economic growth and corporate profits. The pan-European Stoxx 600 index rose 0.8 percent by 0713 GMT, boosted by …

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• 30 September 2022 11:33 am

  Japan’s industrial production rises more than expected in August

  

  According to official data, Japan’s industrial production grew by 2.7% in August compared to July, marking the third consecutive month of growth. This number clearly exceeded expectations for a 0.2% increase in a Reuters poll. Retail sales jumped 4.1% in August from a year ago, topping Reuters’ forecasts for a …

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• 30 September 2022 11:24 am

  UK Q2 GDP improved to 0.2% QoQ

  

  UK’s final reading of the second quarter (Q2) Gross Domestic Product (GDP) offered a positive surprise on early Friday. That said, the Q2 GDP improved to 0.2% QoQ versus -0.1% previous forecasts while the YoY figures increased to 4.4% versus 2.9% prior estimations. Further details suggest that the UK’s Q2 …

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• 30 September 2022 10:59 am

  Stability in oil prices on USD decline

  

  Oil prices were little changed in early trading on Friday, but they are heading for their first weekly gain in five weeks, supported by the decline in the US dollar and the possibility of the OPEC + group agreeing to cut crude production when it meets on the fifth of …

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• 30 September 2022 10:15 am

  Asian stocks close lower, affected by the decline in Wall Street

  

  Most stocks in the Asia-Pacific region fell Friday, September 30, the last day of the third quarter of the year after another sell-off on Wall Street overnight. In Japan, the Nikkei fell by 1.83% and the Topix fell by 1.76%. Hong Kong’s Hang Seng is up 0.29%, while Hang Seng …

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• 30 September 2022 3:45 am

  Market Drivers – US Session 29/09/2022

  

  The US dollar ended the day unevenly across the FX board, despite Wall Street resuming its decline and trimming all Wednesday’s gains. Treasury yields remained stable, with the 10-year note yielding 3.75% and the 2-year note 4.17%.Gold trades near its weekly high at the $1,664 level, while crude oil prices …

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• 30 September 2022 3:35 am

  WTI retreats on hawkish central banks

  

  WTI has pared the first weekly gains in five as traders await more clues. Supply related fears from Russia, chatters over OPEC+ output cut favor buyers.WTI crude oil prices is pressured towards $81.00 after retreating from the weekly highs around $82.50 the previous day. Crude oil is looking for decisive …

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• 30 September 2022 2:36 am

  UK increases fears of contagion risk across markets

  

  Intense market volatility in the UK escalated recession risks and global contagion fears. The gold market is one clear example, as it is cautiously observing the developments as prices rise from 2.5-year lows.UK market’s decline continues one day after the BoE intervened in the gilt market via an emergency bond-buying …

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• 30 September 2022 12:57 am

  Could gold restore safe have status?

  

  The gold price has started to find support and is back to trading near flat on the day at around $1,660.50, at the time of writing, efficiently escaping the earlier $1,641.57 low to the day’s high of $1,664.89. The US dollar continued to ease and spared its domination over rival …

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