Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 13 September 2022 11:43 am

  Germany’s August inflation slowed to 0.3%

  

  Inflation in Germany slowed down in August to 0.3% versus 0.9% in July, in line with expectations, but on an annual basis, inflation rose to 7.9% in line with expectations, continuing above 7%. The main reason for the rise in inflation remains the high prices of energy and food products, …

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• 13 September 2022 2:12 am

  Market Drivers – US Session – Monday 12/09/2022

  

  Next Friday, tens of thousands of railroad workers are poised to go on strike, potentially bringing a nearly a third of all US freight to a grinding halt. It would be the first national rail strike in 30 years. As the clock ticks, the threat of the work stoppage is …

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• 13 September 2022 1:54 am

  S&P 500, Nasdaq, Dow Entrench Rally Softer Dollar

  

  US indices carried over last week’s improved risk appetite and ended in positive territory on Monday, achieving four consecutive days of gains and reaching their best levels in two weeks. The lack of important data on the economic calendar and the generally quiet session due to the Fed’s blackout period …

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• 13 September 2022 1:35 am

  Ether’s gains outperform bitcoin ahead of CPI data

  

  The advance of Ethereum’s coincides with less than three days away from the eyed Merge transition ahead of the US inflation data for August that is also awaited by traders and investors.Currently trading down more than 3% on the day at $1,728 per coin, Ether outperformed bitcoin in August yet …

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• 13 September 2022 12:17 am

  Several factors contribute to soaring oil prices

  

  The performance of oil price gets firmer during the US session as both WTI and Brent crude benefit from strong risk appetite and exploit today’s weaker US Dollar. Equities in the US have pushed higher over the last week ahead of tomorrow’s CPI data, with traders betting that the peak …

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• 12 September 2022 11:12 pm

  Major Banks: CPI Expected To indicate Some Consumers’ Relief

  

  On Tuesday, key inflation data will be released. The August CPI reading will be closely watched traders and investors, particularly as it is released ahead of the next FOMC meeting on September 20-21. According to analysts, the CPI will show a decline of 0.2% in August, on the back of …

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• 12 September 2022 10:17 pm

  BofA: Gold holds solid ground around $1,700 by end of 2022

  

  Several gold investors were frustrated with gold’s price action so far in 2022 as the prices declined nearly 5%. However, commodity analysts at Bank of America have a slightly more optimistic view of the precious metal.In a report Monday, the analysts said that in the current environment, gold prices are …

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• 12 September 2022 9:27 pm

  Could Russia Run Out Of Cash On Sanctions?

  

  The Russian public budget surplus has significantly fallen in the latest signal that its finances are feeling the pain from sanctions and this is partially why the Kremlin shutting off gas supplies to Europe.The budget surplus narrowed to 137bn roubles (£1.9bn) in the first eight months of 2022, a sharp …

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• 12 September 2022 8:42 pm

  US shares broadly rally on positive mood

  

  US shares rose, extending last week’s gains, and the dollar retreated with risk on by expectations that inflation is near peaking. The S&P 500 advanced with 10 of the 11 major industry groups in the green. A gauge of the dollar fell for a second day, as all G-10 peers …

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• 12 September 2022 7:50 pm

  GBP/USD touches fresh weekly highs

  

  The GBP/USD pair edged higher for the second successive trading day, the pair is now testing the 20-day SMA. The pair is rising on Monday and during the American session climbed to 1.1709, reaching the highest level since August 30. The pair has also been holding onto daily gains. In …

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• 12 September 2022 7:06 pm

  NY Fed: Consumer inflation expected to fall to 5.75%

  

  The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations showed on Monday that the US consumers’ one-year inflation expectation declined to a new 10-month low of 5.7% in August from 6.2% in July, as reported by Reuters.Consumers’ 3-year inflation expectation declined to the lowest in nearly two …

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• 12 September 2022 6:24 pm

  Market Drivers – European Session 12/9/2022

  

  The UK economy grew during the month of July of 2022 by 0.2%, which came less than expectations that indicated a growth of 0.3%, to get the economy out of a contraction, it suffered in June when the economy recorded a contraction of 0.6%. The services sector recorded an increase …

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• 12 September 2022 5:04 pm

  Oil prices rise as supply uncertainty increases

  

  Oil prices rose on Monday after Iran’s nuclear talks appeared to have reached a dead end and with the implementation of a Russian oil ban imminent, scarce supplies struggled to meet still-strong demand. Brent crude futures rose 88 cents, or 1 percent, to $93.72 a barrel by 1100 GMT. US …

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