Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 26 September 2022 11:44 pm

  USD/CAD restrained below highs in the 1.3800s

  

  The USD/CAD is holding in bullish territory with the US dollar spiking to fresh bull cycle highs. Market volatility has dented the high beta CAD in the face of weaker oil prices.The USD/CAD is up over 1.3% on the day as the pair tries to hold on to near the …

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• 26 September 2022 11:08 pm

  Is modest economic slowdown in the US possible?

  

  Susan Collins, the new president of the Federal Reserve Bank of Boston, said Monday that a higher unemployment rate will be needed to bring down inflation from unusually high levels, but also suggested any economic downturn would likely be modest.In her first speech as Boston Fed president, Collins said the …

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• 26 September 2022 9:55 pm

  Negative Macro Economic Data Drag Wall Street Lower

  

  US stocks and oil prices declined in choppy trading on Monday, even as the dollar and Treasury yields rose, as Wall Street digested a raft of what it read as negative macroeconomic news.With markets already jittery from central bank signals of additional interest rate hikes, U.K. government fiscal plans released …

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• 26 September 2022 9:24 pm

  GBP/USD back into negative territory on BoE statement

  

  The GBP/USD pair is at the lowest level since the European session following a statement from the BoE amid risk aversion. The pair is back into negative territory trading around 1.0676, at the time of writing down almost 200 pips from Friday’s close at 1.08504.On Asian hours the pound suffered …

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• 26 September 2022 8:33 pm

  Nagel: ECB needs decisive rate hikes

  

  The European Central Bank (ECB) Governing Council member and German central bank head Joachim Nagel said on Monday that decisive rate hikes are needed amid rising risks of inflation expectations getting de-anchored.“The risk that long-term expectations get de-anchored remains high,” Nagel explained. “Further decisive action is required to bring the …

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• 26 September 2022 7:49 pm

  Brent crude hovers around $85

  

  Brent crude futures briefly consolidated above the $86 per barrel mark, before the price fell to around $85. At the time of writing, Brent is trading at $85.25 versus Monday’s opening price at $86.11 after departing the eight-month low of $84.6, supported by concerns about further supply disruptions, particularly those …

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• 26 September 2022 7:07 pm

  Dallas Fed September manufacturing business index falls to -17.2

  

  The Dallas Fed manufacturing index for September 2022 fell to -17.2 versus the prior reading of vs -12.9. Order rate has decreased over the past month. We are only working four days on some of our equipment. Although new orders did surge, there are still several uncertainties and key issues …

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• 26 September 2022 4:59 pm

  JPMorgan: Brent crude may rise to around $100 in Q4 2022

  

  JPMorgan expected the price of Brent crude to rise again towards levels of $100 a barrel, with supply shrinking in the coming months. And the US bank said in a note last week that Brent crude will record levels of $ 101 a barrel in the fourth quarter and $ …

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• 26 September 2022 3:55 pm

  Japan’s forex intervention estimated at $25 billion – Reuters

  

  Citing calculations made by Tokyo money market brokerage firms, Reuters reported on Monday that Japan’s intervention in the foreign exchange market on September 22 is estimated to be around 3.6 trillion yen ($25 billion). Japan’s Ministry of Finance is expected to unveil the amount spent during the intervention on Friday. …

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• 26 September 2022 1:38 pm

  Brent crude falls below $85 a barrel as Dollar rises

  

  Brent crude fell below $85 a barrel Monday, September 26th, as recession fears weighed on the US dollar. Brent crude futures fell to around $84.53 early in the day, before recovering to trade around $85.25, and West Texas Intermediate crude futures also retreated from their lowest levels to trade around …

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• 26 September 2022 12:36 pm

  European Stoxx 600 index falls, Italian shares rise

  

  The pan-European STOXX 600 index fell for the third consecutive session on Monday on fears of an economic slowdown. However, Italian stocks gained after the victory of the right-wing coalition led by Georgia Meloni in the country’s general elections. The index fell 0.3 percent by 0713 GMT, extending its losses …

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• 26 September 2022 11:34 am

  Japanese stocks close lower as recession fears escalate

  

  Japanese stocks closed lower on Monday as investors returned from a long weekend to markets affected by the Japanese authorities’ intervention to support the currency, the collapse of the British pound and increasing recession fears. The Nikkei index fell at close 2.66 percent to 26431.55 points, after falling to 26,424.60, …

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• 26 September 2022 11:32 am

  GBP is at its lowest level, USD benefits from economic fears in Britain

  

  Sterling fell to a record low on Monday as traders scrambled to sell it amid speculation that the new government’s economic plan in London would squeeze public finances to the limit. The sharp drop in sterling helped the dollar index, which measures the performance of the US currency against six …

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