Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 15 September 2022 2:07 pm

  The dollar stabilizes amid anticipation of the US Central Bank’s interest rate decision

  

  On Thursday, the dollar settled near recent highs, buoyed by expectations that the Federal Reserve will continue to tighten monetary policy aggressively in its effort to rein in inflation, while the yen faltered after a sharp rally on Wednesday. The dollar rose 0.28 percent against the yen at 143.58, after …

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• 15 September 2022 1:32 pm

  European shares rise after a big sell-off

  

  European shares rose on Thursday, supported by bank shares, after markets showed signs of recovering from a sharp sell-off caused by bets on a major interest rate hike worldwide. The pan-European Stoxx 600 index rose 0.3 percent by 0711 GMT, after falling for two consecutive days. And US inflation data …

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• 15 September 2022 12:32 pm

  Japan shares rise at the close after an intense sell-off

  

  Japanese stocks rose at the close on Thursday, with investors buying shares again after a sharp decline in the previous session. Travel-related stocks led the rally, supported by hopes of a recovery in tourism. The Nikkei rose 0.21 percent to 27,875.91 points, recovering from its worst session in three months. …

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• 15 September 2022 3:30 am

  Market Drivers – US Session 14/09/2022

  

  The US dollar that fell to the 109.257 low, but did not stay down for long on Wednesday, the Dollar Index rallied back to test the 109.70s in New York. Technically, the index is on course for the 109.90s again ahead of what is expected to be a hawkish Fed’s …

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• 15 September 2022 2:58 am

  Oil Gains on US PPI, EIA data

  

  Crude oil market is busy digesting latest signals on the level of growth demand. Volatility has brought about oil prices gain of 1% on Wednesday. The latest signals include US crude inventory data, inflation indicatiors and the impact of China’s COVID lockdowns. As of 3:33 p.m. EST on Wednesday, Brent …

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• 15 September 2022 2:21 am

  How will Bitcoin React to Ether Merge?

  

  The blockchain behind Ethereum will attempt to do what no major blockchain has ever done, with plans to switch consensus mechanisms and protocols from proof-of-work to proof-of-stake. One of the biggest questions on the market now is: What impact will this transition have on the dominant cryptocurrency, bitcoin?According to some …

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• 15 September 2022 1:50 am

  US shares stabilize following massive selloff

  

  The Nasdaq Composite closed higher in a mixed trading session on Wednesday as investors tried to find their footing after the biggest one-day drop in more than two years.The modest gains followed a massive sell-off for stocks on Tuesday. The Dow sank more than 1,200 points, or nearly 4%, while …

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• 15 September 2022 1:01 am

  Gold stabilizes, hopes for a u-turn before 2023

  

  Gold price has retreated but eventually was able to stabilize ahead of the looming FOMC’s rate hike and Ukraine peace talks Gold held steady as traders have worries concerning the monetary tightening path by the US central bank after economic data, including Tuesday’s CPI and Wednesday’s PPI, pointed to elevated …

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• 14 September 2022 11:47 pm

  US dollar rallies back into bullish territory

  

  The US dollar rallied on Tuesday against the yen, euro and other currencies following stronger-than-expected US inflation data that rocked US stocks, bolstered US yields and sent the greenback towards last week’s two-decade peak of 110.79. The price made a high of 110.01 before bears cleaned up across the counterparts …

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• 14 September 2022 10:59 pm

  AUD/USD buyers face critical support

  

  The AUD/USD stopped the bleeding and jumped off weekly lows at around the 0.6700 figure after the US Producer Price Index report for August eased some of Tuesday’s CPI worries, which sent most risk assets to the red territory, while the US dollar rose above the 110.00 thresholds, on renewed …

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• 14 September 2022 10:07 pm

  Cryptocurrencies experience another mixed day

  

  It was a mixed day as far as price action goes across the cryptocurrency market on Wednesday as traders continued to digest the previous day’s pullback following a hotter than expected inflation figure which sent global financial markets tumbling. Bitcoin bulls defended the psychologically significant support at $20,000 throughout early …

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• 14 September 2022 9:02 pm

  BoE close to rate hike between 50bps and 75bps

  

  Next week, the Bank of England will have its monetary policy decision. Consensus points to a 50 bps rate hike but a 75 bps is not ruled out. Analysts at Danske Bank expect fewer hikes than priced in markets as they emphasise the rising recession risk in the UK. Key …

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• 14 September 2022 8:15 pm

  ECB’s Villeroy expects reaching neutral rate by end of 2022

  

  European Central Bank’s policymaker Francois Villeroy de Galhau said on Wednesday that he estimates the euro area neutral rate at below or close to 2% and added that they could reach it by the end of the year.“Monetary normalization is fully warranted in the euro area, too early to say …

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