Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 28 September 2022 11:26 am

  Gold falls as dollar rises, bond yields rise to multi-year highs

  

  Gold prices fell on Wednesday as the dollar and US Treasury yields rose to multi-year highs after hawkish comments from Federal Reserve officials boosted expectations of a sharp interest rate hike. By 0404 GMT, spot gold fell 0.3 percent to $1,624.12 an ounce, close to the two-and-a-half year low of …

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• 28 September 2022 3:16 am

  Market Drivers – US Session 27/09/2022

  

  The US dollar has further benefited from the recession-linked woes. Early Tuesday, the dollar received a further push from better-than-expected US data, on the contrary, Wall Street exhibited poor performance amid sour market sentiment.US bond yields started the day retreating from multi-year highs, picking up after the US session’s opening …

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• 28 September 2022 2:35 am

  EUR/USD around 20 year lows

  

  The EUR/USD is pressured and teasing two-decade low marked earlier in the week. Russia’s Nord Stream gas pipeline leaks, in the Baltic Sea, renewed fears about Europe’s energy crisis, and at the same time raised recession-linked fears. The EUR/USD pair holds lower grounds around the yearly bottom marked on Monday, …

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• 28 September 2022 1:49 am

  EU warns of suspected Nord Stream sabotage

  

  European Commission chief Ursula von der Leyen on Tuesday said the leaks of the Nord Stream pipelines were caused by sabotage.The EU’s official also warned of the “strongest possible response” should active European energy infrastructure be attacked.Ursula von der Leyen spoke to Danish Prime Minister Mette Frederiksen on the sabotage …

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• 28 September 2022 1:07 am

  Bitcoin fails to hold $20K after Powell’s remarks

  

  Bitcoin price is attempting to recapture $20,000 as support failed, the most famous cryptocurrency is trading at $19,045, namely below $19,100 but data still reveals some positive news. Earlier on Tuesday, markets briefly flashed green as equity markets bounced back from Monday’s pullback, bringing the Bitcoin price back to the …

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• 28 September 2022 12:38 am

  Gold intraday gains challenge remarks by Fed

  

  Gold is trading at $1629.30 per ounce at the time of writing versus Monday’s closing price of $1622.15. Gold price is relatively higher on the day as markets head into the close of Wall Street. The yellow metal gained ground on Tuesday as bulls moved in at the lowest levels …

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• 27 September 2022 11:23 pm

  Could taming inflation cost millions of US lost jobs?

  

  Fed Chair Jerome Powell warned that taming inflation would mean some “pain” to US households and businesses. So far, the pain materialized in retreating stock values and higher borrowing costs business investments, and credit-card purchases. But the pain could also include surging unemployment, and the consequences thereof.Fed’s newly aggressive rate-hikes …

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• 27 September 2022 10:45 pm

  USD/CAD fluctuates amid negative market sentiment

  

  The USD/CAD pair edges up but it earlier on the day it was still below the Year-To-Date highs at around 1.3730s, afterwards, it is trading at 1.34447 at the time of writing. Truth to say that US economic data was positive, supportive of the Fed’s current policy stance.The US CB …

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• 27 September 2022 9:41 pm

  US shares abandon earlier gains on Fed official’s remarks

  

  More pain for equities seems to constitute a new status quo. Wall Street’s main indexes sank deeper Tuesday after earlier rally in stocks on positive economic data. The latest retreat comes after Fed policymakers defended more interest rate hikes even at the risk of slowing economic growth.The benchmark S&P 500 …

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• 27 September 2022 8:40 pm

  Fed’s Bullard downplays recession risk on US level

  

  Speedy US rate hikes raised the risk of recession, but it is likely to be caused by an outside shock rather than from the collapse of the American economy that remains robust according to statements by St. Louis Fed president James Bullard.Bullard said, at an economic forum in London, that …

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• 27 September 2022 7:41 pm

  CB Consumer Confidence Index rises in September

  

  Consumer sentiment in the United States has continued to improve throughout September, meanwhile, the US Dollar Index rebounded to the 114.205 area with the initial reaction to the data.With the initial reaction, the US Dollar Index extended its recovery and was last seen posting small daily losses at 114.02.Tuesday’s data …

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• 27 September 2022 7:02 pm

  BoE’s Pill expects important move in November

  

  The Bank of England is expected to decide an important policy response to finance minister Kwasi Kwarteng’s financial plan embodying tax cuts but, the central bank could wait until its next scheduled meeting in November before making such a move according to BoE Chief Economist Huw Pill.The British pound gathered …

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• 27 September 2022 5:47 pm

  US Housing Price Index falls 0.6 in July

  

  U.S. house prices fell in July for the first time in two years, as the market underwent a “forceful deceleration” due to rising borrowing costs and a slump in consumer confidence. The monthly data published by the US Federal Housing Finance Agency showed on Tuesday that the Housing Price Index …

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