Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2023

• 22 September 2023 11:29 am

  BoJ’s is keeping interest rates at very low levels

  

  The Bank of Japan kept interest rates at ultra-low levels on Friday as well as its guidance on future low interest rates, meaning the Japanese central bank is in no hurry to exit its stimulus policy. In a two-day meeting that ended on Friday, the Bank of Japan maintained the …

  Read More »
• 22 September 2023 10:55 am

  Gold rises, defying the strength of USD and the rise in US Treasury yields

  

  Gold prices rose on Friday despite pressure from the strength of the dollar and the rise in US Treasury yields, as investors were evaluating the decisions of major central banks to adhere to high interest rates. Gold rose in spot transactions 0.2 percent to $1,923.29 per ounce by 0350 GMT, …

  Read More »
• 22 September 2023 2:25 am

  Market Drivers – US Session, September 21

  

  The US Dollar Index finished marginally lower on Thursday after reaching 105.73, the highest level since March. The DXY pulled back during the American session amid a correction of the US Dollar and a pullback in US Treasury yields.Economic DataData from the US came in mixed, with a decline in …

  Read More »
• 22 September 2023 1:20 am

  S&P 500 extending Thursday’s downside as US stocks struggle

  

  S&P 500 firmly off course as US equities take a tumble on hawkish Fed.Equity indexes extending daily declines heading into Friday market session.US Treasury yields stepped higher as Fed sees rate higher for longer.The Standard & Poor’s (S&P) 500 continued its trip down the charts, sliding into $4,330.00 to end …

  Read More »
• 21 September 2023 11:39 pm

  Japan: National CPI eases to 3.2% YoY in August versus 3.3% prior

  

  According to the latest data released by the Japan Statistics Bureau on Friday, the National Consumer Price Index (CPI) for August came in at 3.2% YoY from 3.3% in July. Further details unveil that the National CPI ex Fresh Food improved from 3.0% in July to 3.1% in August, whereas …

  Read More »
• 21 September 2023 10:54 pm

  Hawkish Fed, soaring T-yields weigh on gold

  

  Spot gold drops 0.56% to $1919.74 as the Fed’s decision to maintain and revise rates upward pressures gold prices.US real yields hit a YTD high at 2.115%, which continues to be a significant headwind for Gold.Mixed US economic data and hawkish stances from other central banks globally add to the …

  Read More »
• 21 September 2023 9:40 pm

  WTI settling back after jumping over $90.50

  

  WTI spiked in Thursday trading, briefly retaking $90.50/bbl before settling back towards $89.50.Crude oil gained nearly $2/bbl for the day as supply constraints keep barrel prices pinned.Intraday prices set to continue cycling the $90 figure in the interim as analysts expect $100 in the future.West Texas Intermediary (WTI )crude oil …

  Read More »
• 21 September 2023 8:34 pm

  US dollar continues to benefit from the Fed’s decision, Powell’s comments

  

  The US dollar continues to rise since the beginning of daily trading on Thursday, benefiting from the Fed’s statement and the statements of its Chairman, Jerome Powell, which are in favor of further raising interest rates, even for once, before the end of this year.The dollar index, which measures the …

  Read More »
• 21 September 2023 7:39 pm

  GBP/USD struggles as BoE’s holds rates

  

  The GBP/USD pair has registered losses on Thursday. The pair is trading at 1.2285, following the BoE’s decision to hold rates unchanged amid slowing UK inflation.US economic data reveals a mixed landscape with lower-than-expected Initial Jobless Claims and a plunge in the Philadelphia Fed Manufacturing Index.Given the solid US economy …

  Read More »
• 21 September 2023 3:15 pm

  BoE Preview: Forecasts from major banks

  

  On Thursday, September 21 at 11:00 GMT, the Bank of England (BoE) is set to reveal its Interest Rate Decision. As the release time approaches, let’s take a look at the predictions provided by economists and researchers from 10 major banks. The consensus among these experts points to an anticipated …

  Read More »
• 21 September 2023 2:04 pm

  European stocks decline after the US adheres to monetary tightening

  

  European stocks fell on Thursday, tracking Wall Street, which suffered losses overnight, after the Federal Reserve signaled a longer rate hike and ahead of further interest rate decisions from the Swiss National Bank, the Riksbank, the Norwegian central bank and the Bank of England. The European STOXX 600 index fell …

  Read More »
• 21 September 2023 12:58 pm

  The Nikkei closed lower on hawkish Fed outlook

  

  Japan’s Nikkei index closed down more than 1 percent on Thursday, as heavyweight technology stocks tracked their American counterparts after the Federal Reserve showed a tendency to tighten monetary policy and expected to raise interest rates again by the end of the year. The Nikkei index fell 1.37 percent to …

  Read More »
• 21 September 2023 12:13 pm

  Dollar rises and the yen is under pressure ahead of the Japanese central bank’s interest rate decision

  

  The dollar recorded new highs against some currencies on Thursday, as it remained near its highest levels against the yen since early November, after the US Federal Reserve showed a tendency to tighten after keeping interest rates unchanged. The dollar index, which measures the currency’s performance against a basket of …

  Read More »