Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 8 September 2022 3:41 pm

  Oil prices fall as pandemic restrictions extend in China

  

  Oil prices fell on Thursday, after recording sharp losses in the previous session, as the extension of China’s closure measures to curb the spread of the Coronavirus exacerbated fears of a slowdown in global economic activity, which is hurting demand. Brent crude futures lost 40 cents, or 0.4 percent, to …

  Read More »
• 8 September 2022 2:43 pm

  Euro hovers above two-decade low ahead of ECB decision

  

  On Thursday, the euro hovered above the 20-year low hit two days ago as investors awaited the European Central Bank’s policy decision and comments from the Federal Reserve chief for indications on the path of global monetary tightening. The European Central Bank is expected to raise interest rates by 75 …

  Read More »
• 8 September 2022 1:50 pm

  European stocks open higher

  

  European shares opened higher on Thursday, ahead of what could be the largest interest rate hike ever announced by the European Central Bank. Mining and banking stocks led the gains. Markets are awaiting the size of the central bank’s increase in the main interest rate. The bank is studying a …

  Read More »
• 8 September 2022 12:40 pm

  Gold falls on anticipation of Powell’s speech and ECB rate decision

  

  Gold prices fell on Thursday, while investors awaited comments from Federal Reserve Chairman Jerome Powell and the European Central’s decision on the upcoming interest rate later Thursday. And gold fell in spot transactions 0.1 percent to $ 1716.59 an ounce (an ounce) by 0609 GMT, after rising by about one …

  Read More »
• 8 September 2022 12:15 pm

  Nikkei closes at a one-week high, tracking Wall Street

  

  Japan’s Nikkei closed at a one-week high on Thursday, tracking the strong close on Wall Street Wednesday night, while the yen’s slide against the dollar raised hopes for better prospects for local businesses. The Nikkei jumped 2.31 percent to 28,065.28 points, its highest closing level since Aug. 31. The index …

  Read More »
• 8 September 2022 3:07 am

  Market Drivers – US Session – September, 7

  

  The US dollar was able to maintain its strong stance throughout the first half of the day, but later, the dollar had to retreat along with the sliding T-yields during the US trading session.Gold fell to touch intraday low of $1,691.32 per troy ounce but managed to recover towards the …

  Read More »
• 8 September 2022 2:44 am

  Dollar demand drags T-Yields lower ahead of Powell’s speech

  

  After earlierly hitting three-month highs, US T-yields slipped on Wednesday because the demand for US dollars has helped send money into government debt and before an awaited speech by Fed Chair Jerome Powell on Thursday.Overall, there is demand for dollars, so there’s more money pouring into the Treasury market. The …

  Read More »
• 8 September 2022 2:32 am

  Where are natural gas prices heading?

  

  Factors that could impact the volume of LNG exports in the next months include the planned outage at Cove Point in October and Freeport LNG resuming partial operations by mid-November. EIA forecasts total US liquefied natural gas exports to account for 12.3 Bcf/d in 2023.Spot prices at the US benchmark …

  Read More »
• 8 September 2022 2:07 am

  Putin Defies ‘Stupid’ Sanctions, Slams EU Gas Price Cap Plan

  

  On Wednesday, Russia’s Vladimir Putin described Western sanctions “stupid” and threatened to halt all energy sales to Russia’s critics if they move forward with a cap on oil prices proposed by the G7 industrialized economic powers.“We will not supply gas, oil, coal, heating oil, we will not supply anything,” Putin …

  Read More »
• 8 September 2022 1:27 am

  EU ponders price cap on Russian gas

  

  On Wednesday, EU’s Ursula von der Leyen proposed that the bloc cap the price of Russian-imported gas, among other measures, as the member states are forced to deal with a worsening energy crisis while seeking to punish Moscow for invading Ukraine.Facing a cut-off of Russian oil and natural gas as …

  Read More »
• 8 September 2022 12:36 am

  Gold prices attempting to keep firm

  

  Gold price is firm on Wednesday, but the precious metal is looking forward to reaching key resistance as the US dollar retreated from fresh highs. Gold bulls eye a 50% mean reversion with the prospects of a break to $1,735 beyond the said level. Gold price has added to gains …

  Read More »
• 7 September 2022 10:56 pm

  Dow consolidates gains by more than 400 points

  

  The Dow Jones Industrial Average gained 455 points, or 1.46%. The S&P 500 rose 1.79% and the Nasdaq Composite ticked up 2.06%, attempting to break a seven-day losing streak.Stocks rallied as Fed Vice Chair Lael Brainard reaffirmed that the central bank would do what it takes to stifle inflation, while …

  Read More »
• 7 September 2022 10:35 pm

  Fed’s Beige Book predicts future US economic slowdown

  

  The Fed’s Beige Book has noted that US economic activity is still under pressure and that “the outlook for future economic growth remained generally weak”.The Fed released its latest summary of feedback from business contacts nationwide as policymakers are considering whether to proceed with a third straight 75-basis-point interest rate …

  Read More »