Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 6 September 2022 6:19 pm

  ISM Services PMI Reading Surges In August

  

  Economic activity in the services sector surged in August for the twenty seventh month in a row, with the Services PMI registering 56.9 percent according to the US purchasing and supply executives in the latest “Services ISM Report On Business”.The report was issued on Tuesday by Anthony Nieves, Chair of …

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• 6 September 2022 6:06 pm

  The yen continues to decline against USD and Pound clings to its early gains

  

  The Japanese yen, sensitive to interest rate moves, continued to decline on Tuesday, breaking the 142 barrier against the dollar, while the pound and the euro tried to recover from multi-year lows against the dollar the day before, but the euro failed to do so. The dollar rose 1.07 percent …

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• 6 September 2022 4:58 pm

  Gazprom: Signing an agreement with China to pay for Russian gas in national currencies

  

  Russia’s Gazprom said on Tuesday it had signed an agreement to transfer payments for Russian gas supplies to China into yuan and rubles instead of dollars. Gazprom CEO Alexey Miller said allowing payments in Russian rubles and Chinese yuan would mutually benefit Gazprom and CNPC and set an example for …

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• 6 September 2022 4:02 pm

  Oil is falling as concerns about demand return

  

  Oil prices fell on Tuesday after a two-day rally, as concerns returned over weak demand and the possibility of raising interest rates, as crude gave up the support it got from the first cut in production targets announced by OPEC + since 2020. New closures to curb the outbreak of …

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• 6 September 2022 3:59 pm

  European shares rise in morning trading

  

  European shares rose on Tuesday, after a difficult start to the week as concerns about a looming energy crisis and recession weighed on risk appetite. The Stoxx 600 index rose 0.5%, moments after the start of trading, and is heading to recover from a loss of 0.6% in the previous …

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• 6 September 2022 1:56 pm

  The rise of gold with the decline of the dollar and the increase in demand for safe havens

  

  Gold prices rose on Tuesday, as the pause in the dollar’s rally and the energy crisis in Europe prompted some investors to buy the safe-haven metal. And gold rose in spot transactions 0.5% to $ 1718.30 an ounce, by 0648 GMT. Prices rose earlier by about one percent to their …

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• 6 September 2022 12:52 pm

  Yen fell to its lowest level in 24 years

  

  The dollar held a breath on Tuesday after a sharp rally. Still, it hit a 24-year high against the interest rate-sensitive Japanese yen, as US monetary policy tightens and the gap with low-interest rates in Japan widens. The yen plunged to 140.97 per dollar, its lowest level since 1998, and …

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• 6 September 2022 12:13 pm

  Japan’s Nikkei closes higher after losing 4 sessions

  

  Japan’s Nikkei on Tuesday halted a four-session losing streak as investors returned to buy shares, buoyed by gains in Fast Retailer stock. The Nikkei index rose 0.02 percent to 27626.51 points after falling to negative territory for moments, while the broader Topix index fell slightly by 0.11 percent to 1926.58 …

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• 6 September 2022 5:04 am

  Market Drivers – US Session – September 5

  

  The US dollar started the week with positive performance against most major rival currencies, although a Federal holiday in the US maintained volumes at their lows and major pairs within limited intraday ranges.On Monday, Moscow decided to cut energy to Europe until Western sanctions are lifted. Germany announced it will …

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• 6 September 2022 2:38 am

  Could Iran’s Nuclear Talks Make Real Progress?

  

  Iran’s minister of petroleum Javad Owji said the world needed more Iranian oil, and that his country was ready to play a role in providing it away from politics, the Iranian oil ministry’s news agency SHANA reported on Monday.On Monday also, Iran’s foreign minister held a phone call with his …

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• 6 September 2022 1:33 am

  US Dollar Index Surges On Labour Day

  

  The US dollar has continued to surge since the beginning of the weekly trading coinciding with the Labor Day holiday in the United States.The US dollar is soaring on end of last week’s employment data that came in overall agreement with the path expected by the Fed with regard to …

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• 5 September 2022 11:41 pm

  Gold slides from daily highs, but hovers around $1710 level

  

  Gold price hardly slides 0.13%, weighed by higher US Treasury bond yields and the strength of the US dollar.Gold price losses some of its brightness at the beginning of the week, down by 0.49%, in a thin liquidity trading day, with US markets, closed in the observance of Labour day. …

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• 5 September 2022 11:00 pm

  Moscow won’t resume gas supplies to EU until sanctions lifted

  

  On Monday, the Kremlin blamed western sanctions for failure to deliver gas through Nord Stream 1 pipeline. Russia’s Gazprom announced last weekend that the suspension of gas supplies at Nord Stream 1 would be extended indefinitely, citing ‘malfunctions’ along the pipeline. Russia will not resume its natural gas supplies to …

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