Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2023

• 5 September 2023 10:45 pm

  EUR/GBP retreats following Eurozone’s PPI, PMIs figures

  

  This week, the EUR/GBP pair has lost around 0.42%, dropping to 0.8535. As of this writing, it is trading at 0.8531 after the Eurozone’s PPI figure for July above expectations while the August Services PMI came in below expectations.The same month’s British PMI numbers were better than anticipated, although they …

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• 5 September 2023 9:51 pm

  Pessimistic crypto outlook could mean accumulation opportunities

  

  Due to waning market sentiment and declining momentum, it is anticipated that Bitcoin will drop below the $24,995 threshold. The $1,630 support level is tenuously holding, putting Ethereum price at risk of a 5% decline for liquidity collection. If the current confidence holds, ripple price could break through the $0.5667 …

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• 5 September 2023 8:55 pm

  What should Investors know about Australia’s soft landing?

  

  The chances of a soft landing are getting better, but the Australian economy still seems to be in a holding pattern. It’s far from certain that the unemployment rate will stay below 4%, that wages will catch up to or surpass inflation, or even that the federal budget will continue …

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• 5 September 2023 7:45 pm

  Fed’s Mester not expecting interest rate cut early in 2024

  

  On Tuesday, another round of Fed speakes are attracting the attention of traders, investors and market participants. “We will certainly not continue to raise interest rates until inflation has already fallen to 2%,” Cleveland Federal Reserve President Loretta Mester said.“Nor will we wait to lower interest rates until inflation is …

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• 5 September 2023 3:50 pm

  SoftBank’s Arm aims for over $52 billion valuation in biggest US IPO of the year

  

  SoftBank Group’s Arm is aiming for a valuation of more than $52 billion in its initial public offering, making it the year’s largest stock market debut. According to a regulatory filing on Tuesday, SoftBank (TYO:9984) is issuing 95.5 million American depository shares of the Cambridge, United Kingdom-based company for $47 …

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• 5 September 2023 2:08 pm

  Futures fall as rising yield, China service data weigh

  

  Higher Treasury yields knocked on growth stocks in the United States on Tuesday, as a slowing pace of rise in China’s services activity fueled concerns about demand in the world’s second-largest economy. The 10-year Treasury note yield has risen to 4.21% ahead of additional economic data and the Federal Reserve’s …

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• 5 September 2023 12:41 pm

  Concerns linked to China bring European stocks to their lowest level in a week

  

  European stocks fell on Tuesday to their lowest levels in a week, as weak economic data in China stoked fears about a slowing recovery while investors awaited the release of local data that could provide clues to the European Central Bank’s plans for monetary tightening. The European STOXX 600 index …

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• 5 September 2023 11:52 am

  Oil prices varied as support from China’s steps to revive the economy receded

  

  Oil prices were mixed on Tuesday as support from measures taken by China to support its economy faded, countering the impact of expectations for an extension of supply cuts by two major OPEC+ members, Saudi Arabia and Russia. Brent crude futures for November delivery fell ten cents, or 0.11 percent, …

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• 5 September 2023 3:07 am

  Market Drivers – US Session, September 4

  

  The Reserve Bank of Australia meeting will be the focal point of the Asian session. The interest rates are not anticipated to alter. Additionally, the Services PMIs’ final reading will be made public. Data on US factory orders and wholesale inflation in the Eurozone are due later in the day.In …

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• 5 September 2023 12:58 am

  What to watch this week on Wall Street

  

  This holiday-shortened week will witness key economic events, such as Factory Orders Data, Initial Jobless Claims, and Consumer Credit releases in the United States. These events will add to the spotlight on the Fed, with several FOMC speakers making speeches and the Fed’s Beige Book for September scheduled to be …

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• 4 September 2023 11:57 pm

  AUD/USD rebounds ahead of RBA’s decision

  

  As investors await the Reserve Bank of Australia’s next monetary policy decision, the AUD/USD pair recovers to 0.6460s, up 0.26%. A weaker US Dollar is caused by mixed US jobs data and Wall Street’s closure for Labour Day; the probability of a Fed rate hike in September remains at 92%. …

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• 4 September 2023 10:39 pm

  What is next for bullish rated MULTI token after soaring above 110%?

  

  Multichain (MULTI) has experienced a 15.47% increase in value on Monday, with the crypto up 115% to the $2.39 high. The broader crypto market has also seen a 4.75% increase. Multichain has a bullish sentiment reading on the InvestorsObserver Sentiment Score, which measures the crypto’s performance over the past five …

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• 4 September 2023 9:38 pm

  OPEC output cutbacks, weaker dollar push WTI daily gains

  

  Prior to settling around $85.50, WTI reached the support level of $85.32. Investors are still assessing the Friday-released August US NFPs. OPEC expected that its voluntary production caps would remain in place. The WTI crude barrel traded neutrally in the $85.50-$86.00 band, close to multi-month highs, thanks to the falling …

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