Open Demo Account

Market Analysis

September, 2022

  • 23 September 2022 6:37 pm

    Oil falls 4% on slowdown, recession concerns

    On Friday, crude oil prices fell to a nine-month low as recession fears are sweeping across global risk assets and the US dollar continued this year’s advancement to reach a fresh two-decade high against rival currencies. At the time of writing, Brent trades at $84.72 per barrel while WTI trades …

    Read More »
  • 23 September 2022 3:42 pm

    Hungary and Russia talk over gas and nuclear plant

    The Hungarian Foreign Minister said Friday that he met his Russian counterpart Sergei Lavrov in New York, where they discussed gas supplies and the construction of the Pax nuclear reactor being built by Russia’s Rosatom. Foreign Minister Peter Szijjarto said in a Facebook video after the meeting, which took place …

    Read More »
  • 23 September 2022 2:00 pm

    Gold is confined to a narrow range

    Gold prices moved in a narrow range on Friday, as the dollar stabilized near a 20-year peak, and the prospect of a larger Federal Reserve interest rate hike in the future undermined the non-yielding yellow metal’s allure. And gold settled in spot transactions at $ 1670.19 an ounce by 0658 …

    Read More »
  • 23 September 2022 12:58 pm

    European shares continue to decline

    European shares fell at the open on Friday after major central bank actions during the week, including signals from the Federal Reserve that it will continue to raise interest rates, while Credit Suisse shares fell after asking for money from investors. The pan-European Stoxx 600 index was down 0.2 percent …

    Read More »
  • 23 September 2022 12:30 pm

    Sterling falls to its lowest level in 37 years before announcing details of tax cuts

    Sterling fell on Friday to a 37-year low against the dollar before the expected announcement of the new British finance minister details of tax cuts and energy subsidies worth close to two hundred billion pounds ($225 billion). The pound fell about 0.6 percent to $ 1.1170, its lowest level since …

    Read More »
  • 23 September 2022 2:54 am

    Market Drivers – US Session 22/09/22

    Recession seems inevitable as stubbornly high inflation plus the escalation of the war forced policymakers’ hands. Stocks fell, while US government bond yields soared to fresh multi-year highs.Major central banks announced monetary policy decisions following the US Fed’s meeting for September with the Bank of Japan firstly, on Thursday, deciding …

    Read More »
  • 23 September 2022 1:39 am

    Gold Keeps Firm Despite USD’s Resurgence

    Gold has managed to hold firm despite the resurgence of the US dollar. Gold’s safe-haven appeal is still supporting the price within the familiar daily trading range.The gold price is settling in for the end of the North American session around flat for the day having traveled between a low …

    Read More »
  • 23 September 2022 12:31 am

    Oil rises on Russian supply concerns

    Oil surged on Thursday during a volatile US trading session while investors’ focus shifts to accelerating concerns related to Russian oil supply and as the BoE’s interest rate hike that came less than expected.Brent crude futures are trading at $89.59 at the time of writing, namely crude price has gained …

    Read More »
  • 22 September 2022 11:24 pm

    BoE’s Haskel sees tension with government fiscal policy

    The Bank of England’s policymaker Jonathan Haskel said the central bank encountered difficulty as the government’s expansionary fiscal policy appeared to place it at odds with the BoE’s efforts to cool inflation.“We are in a difficult, uncomfortable position, frankly, because I don’t like being in a situation where you have …

    Read More »
  • 22 September 2022 10:29 pm

    EUR/USD fluctuates on softer US dollar

    The EUR/USD pair bounces off year-to-date lows around 0.9800 as price action gets overstretched. The prevalent market sentiment is negative and failed to reinforce the US dollar.US jobless claims were better than expected, while the EU’s consumer confidence is disappointing the Eurozone. The Euro is almost flat after hitting a …

    Read More »
  • 22 September 2022 9:38 pm

    What could Italian elections mean for bonds, euro and banks?

    The general election in Italy could add some more trouble to Europe’s heap of existing troubles including the war in the east, the hot inflation and the looming energy crisis.Forecasts indicate that power in Italy could be driven to the far-right coalition led by Giorgia Meloni from “the Brothers of …

    Read More »
  • 22 September 2022 8:47 pm

    US stocks fall on recession-linked concerns

    US stocks fell on Thursday, for the third successive day after the Fed delivered another aggressive 75 base point rate hike. The monetary policy decision, originally meant to encounter hot inflation, triggered anew fears that the US economy could fall into a recession.The Dow Jones Industrial Average was last down …

    Read More »
  • 22 September 2022 7:36 pm

    Big US banks’ prime rate soars to highest since 2008

    Three major US banks are raising their prime lending rates to the highest levels since the global financial crisis of 2008, following Fed’s interest rate hike.JPMorgan Chase & Co (JPM.N), Citigroup Inc and Wells Fargo & Co (WFC.N) said the new rates, including the latest 75 basis point hike, would …

    Read More »
This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends