Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 12 September 2022 3:32 pm

  Germany’s Ifo: German economy to contract by 0.3% in 2023

  

  Germany’s Ifo Institute announced on Monday that it revised its 2023 growth forecast to -0.3% from 3.5% in June. The institute further noted that the annual inflation expectation for 2023 was revised to 9.3% from June’s forecast of 6%. For 2022, Ifo now sees the economy growing by 1.6%, down …

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• 12 September 2022 2:27 pm

  Gold is gaining lustre and hitting its highest level in more than a week

  

  Gold prices rose more than 1% on Friday, September 9, to reach their highest level in more than a week, as a weak dollar boosted demand for the yellow metal, even as US Reserve policymakers pledged to raise interest rates to tame inflation pressures. Spot gold rose 1.1% to 1726.80 …

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• 12 September 2022 1:20 pm

  European shares rise at the open, supported by the rise in banking shares

  

  European shares rose at the open on Monday, with banking stocks rising for a third consecutive session on bets that the European Central Bank will raise interest rates dramatically. The pan-European Stoxx 600 index rose 0.2 percent to continue rising after posting its first weekly gain in four weeks on …

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• 12 September 2022 12:37 pm

  Nikkei closes at its highest level in more than two weeks

  

  Japan’s Nikkei index ended Monday’s trading at its highest level in more than two weeks, tracking Wall Street’s strong closing last week, as heavyweights and travel-related stocks led the gains. The Nikkei index closed up 1.16 percent to 28,542.11 points, its highest closing level since August 26. The broader Topix …

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• 12 September 2022 11:36 am

  UK GDP expands 0.2% MoM in July

  

  The UK GDP monthly release showed that the economy rebounded in July, growing at 0.2% vs. 0.5% expectations and -0.6% previous. A Reuters poll of economists had pointed to month-on-month growth of 0.4% in July. Meanwhile, the Index of services (July) came in at -0.2% 3M/3M vs. -0.8% estimate and -0.4% …

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• 12 September 2022 4:18 am

  Financial Markets’ Weekly Recap, September 5-9

  

  With a new trading week, geopolitics could impact financial markets on two fronts, firstly; on the Chinese front, US President Biden is pondering an executive order to screen and restrict US overseas investment in technology development in China. The Chinese embassy in Washington said, Friday, that Beijing opposes the order, …

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• 10 September 2022 3:17 am

  Market Drivers – US Session 09/09/2022

  

  The US dollar slides as investors balance positions ahead of key US inflation data. The dollar fell to a more than one-week low on Friday as investors consolidated gains after a sharp rise against most currencies, ahead of US inflation report that could determine the size of the Fed’s next …

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• 10 September 2022 2:36 am

  Oil surges on supply threats

  

  Oil prices surged about 4% on Friday, boosted by real as well as threatened cuts to supply, although futures posted a second weekly decline as aggressive interest rate hikes and China’s COVID-19 curbs weighed on the demand outlook.Russian President Vladimir Putin has threatened to halt oil and gas exports to …

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• 10 September 2022 1:43 am

  Wall Street, Fed officials push for third 0.75% interest rate hike

  

  Several Wall Street banks raised expectations this week for the Federal Reserve’s next rate hike. Economists at Bank of America, Goldman Sachs, and Nomura now anticipate a 75 basis-point rate increase at their next FOMC meeting, this is up from previous forecasts of a half percentage-point hike.Following remarks by Fed …

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• 9 September 2022 11:14 pm

  US shares boosted by tech, growth stocks on Friday

  

  US shares rose in afternoon trading on Wall Street, on Friday, keeping the market on track to break a three-week losing streak.The S&P 500 rose 1.5% as of 1:50 p.m. Eastern and is up 3.6% for the week. The Dow Jones Industrial Average rose 384 points, or 1.2%, to 32,155 …

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• 9 September 2022 10:45 pm

  Bitcoin, Ether Rebound on tech rally, weaker dollar

  

  The crypto market significantly surged amid the stock market’s rally and slight decline of the US dollar, which has been rising sharply in recent weeks. Bitcoin and Ethereum’s rebound led a broader cryptocurrency advance. Bitcoin mining stocks, Bitcoin ETFs and companies heavily invested in crypto also rallied.In Friday afternoon trading, …

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• 9 September 2022 9:57 pm

  Fed’s Waller supports another significant hike in two weeks

  

  Federal Reserve Governor Christopher Waller said on Friday that it was too soon to say whether inflation was moving meaningfully and persistently downward. The US Dollar Index showed no immediate reaction to these comments and was last seen losing 0.6% on a daily basis at 109.00.Additional Quotes“I support another significant …

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• 9 September 2022 9:37 pm

  Could Ethereum’s Merge Disrupt Crypto Trading?

  

  Crypto markets that are linked to Ethereum could face disruption as the blockchain network behind the cryptocurrency nears the end of a key upgrade that is widely viewed as critical.The final stage of Ethereum’s merge is now about a week away. Expected to finish around September 15. The merge will …

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