Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2023

• 20 September 2023 7:40 pm

  Gold surges on neutral Fed bets, hawkish stance

  

  Gold price delivers a range breakout ahead of the Fed’s monetary policy decision. The yellow metal is trading at $1944.34 per ounce at the time of writing, up by %0.67. The US Dollar remains subdued as the Fed is expected to keep the interest rates unchanged.A steady policy announcement is …

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• 20 September 2023 4:33 pm

  Dollar declines ahead of the Fed’s decision, Sterling falls

  

  The dollar fell on Wednesday ahead of an expected US interest rate decision by the Federal Reserve later in the day, while the pound sterling fell on growing bets that the Bank of England will halt its historic series of rate hikes. The dollar index, which measures the performance of …

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• 20 September 2023 2:53 pm

  Gold stabilizes pending US Fed’s interest rate decision

  

  There was little change in gold prices on Wednesday, as investors awaited the latest statements and expectations regarding interest rates from Federal Reserve Chairman Jerome Powell after the US central bank’s monetary policy meeting. By 0938 GMT, spot gold prices stabilized at $1,930.09 per ounce, remaining below its highest level …

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• 20 September 2023 1:34 pm

  Electric car sales in European Union countries exceed 20% in August

  

  Data from the European Automobile Manufacturers Association showed on Wednesday that for every five new cars sold in European Union countries during the month of August, more than one was fully electric, and sales of zero-emission cars more than doubled. The association said that fully electric models represented 21 percent …

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• 20 September 2023 12:44 pm

  European stocks rise ahead of Fed

  

  European stocks rose on Wednesday ahead of the Federal Reserve’s interest rate decision later in the day, while British data showing inflation fell more than expected in August helped British stocks outperform their peers in the region. The European STOXX 600 index rose 0.3 percent after losses for two consecutive …

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• 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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