Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 5 September 2022 5:03 am

  Financial Markets’ Weekly Recap, Aug 29- Sept 2

  

  The Non-Farm Payrolls report has been the dominant market for the past week. Nonfarm Payrolls in the US rose by 315,000 in August, this reading followed July’s increase of 526,000 (revised from 528,000) and came in slightly better than the market expectation of 300,000. The Unemployment Rate rose to 3.7% …

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• 3 September 2022 3:27 am

  Market Drivers – US Session 02/09/2022

  

  The USD/JPY modestly fell on Friday, after hitting earlier at 140.79, the highest level since 1998. The weaker US Dollar impacted the pair following the official US employment report.gold traded at $1711.40 versus the previous closing price at $1696. Although gold was relieved by $20 rally after the key US …

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• 3 September 2022 3:11 am

  Bond Yields Face Pressure By Central Banks

  

  Under pressure from central bankers determined to quash inflation even at the cost of economic slowdown or even recession, global bonds fell into their first bear market in decades.The Bloomberg Global Aggregate Total Return Index has fallen more than 20% from its peak that was recorded in 2021. Officials from …

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• 3 September 2022 2:42 am

  Could Gold Price Become This Weekend’s Surprise?

  

  At the time of writing, gold is trading at $1711.40 versus the previous closing price at $1696. Although gold was relieved by $20 rally after the key US jobs data, traders opt to stay cautious because of the generally negative macroeconomic data as well as the current gold’s dangerous technical …

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• 3 September 2022 1:46 am

  Oil Climbs As Iran Nuclear Talks Turned Off

  

  Crude oil gained 0.64 cents on Friday and trades at $87.25 versus Thursday’s close at $86.61. Crude prices rallied, on Friday, on the US session’s weaker dollar, declining US oil rigs by 9, in addition to retreating US-Iran talks. The US State Department said that the latest Iranian response in …

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• 3 September 2022 12:38 am

  Bitcoin Price Benefits From Jobs Data

  

  Bitcoin gained 0.8% in the minutes after the US jobs report was released. The weaker growth gives the Fed sufficient cover to reconsider the more hawkish stance at the US central bank’s next monetary policy meeting in September, this, consequently will relieve the pressure from risky assets ranging from US …

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• 2 September 2022 11:41 pm

  Powell Between Soft Landing, Hard Landing

  

  Fed Chief Jerome Powell lately curbed his long-lived optimism that policymakers can eventually carry out a soft landing for the US economy. But as signs of a recession accumulate, the Fed’s new objective has changed into avoiding a painful crash.Powell signaled that the Fed will adopt monetary policy tightening for …

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• 2 September 2022 10:31 pm

  Yen Faces Worst Week In Two Decades

  

  The Japanese currency has enjoyed a long safe haven and safe investment status in a financial world with plenty of uncurtaining, but as the yen fell to its lowest level against the US dollar in more than two decades this week, analysts have speculated that its safe haven status may …

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• 2 September 2022 9:07 pm

  G7: Price cap deal on Russian oil agreed

  

  Finance ministers from the G7 announced an agreement Friday to impose a cap on the price importers pay for Russian oil, in a bid to shrink a key source of revenue the Kremlin uses to finance its war in Ukraine.“We seek to establish a broad coalition in order to maximize …

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• 2 September 2022 8:59 pm

  US shares higher after NFP data

  

  The Dow opened 82.38 points higher on Friday, extending gains recorded in the previous session after major indices reversed earlier losses.Wall Street is in the green territory shortly after the opening bell on Friday as market participants digested August’s all-important nonfarm payrolls data.As of 1515 BST, the Dow Jones Industrial …

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• 2 September 2022 7:59 pm

  Bank of Canada could bring rates into restrictive territory

  

  The Bank of Canada will have its monetary policy meeting. Market consensus is for an increase in the key rate to 3.25% next week. Analysts look for the BoC to decide a 75-basis point interest rate hike, bringing rates into restrictive territory. They see little incentive for smaller hikes CPI …

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• 2 September 2022 7:17 pm

  Will Fed remain hawkish despite employment slowdown?

  

  The US employment has lost a significant amount of momentum. But some economists still believe that the Fed is expected to stick to its plan despite signs of a weakening. Fed Chairman Powell, in his speech at Jackson Hole, has put the markets on notice that monetary policy will continue …

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• 2 September 2022 6:15 pm

  Market Drivers – European Session 2/9/2022

  

  Nonfarm Payrolls in the US rose by 315,000 in August, the data published by the US Bureau of Labor Statistics revealed on Friday. This reading followed July’s increase of 526,000 (revised from 528,000) and slightly better than the market expectation of 300,000. Further details of the publication revealed that the …

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