Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 14 September 2022 9:02 pm

  BoE close to rate hike between 50bps and 75bps

  

  Next week, the Bank of England will have its monetary policy decision. Consensus points to a 50 bps rate hike but a 75 bps is not ruled out. Analysts at Danske Bank expect fewer hikes than priced in markets as they emphasise the rising recession risk in the UK. Key …

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• 14 September 2022 8:15 pm

  ECB’s Villeroy expects reaching neutral rate by end of 2022

  

  European Central Bank’s policymaker Francois Villeroy de Galhau said on Wednesday that he estimates the euro area neutral rate at below or close to 2% and added that they could reach it by the end of the year.“Monetary normalization is fully warranted in the euro area, too early to say …

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• 14 September 2022 7:19 pm

  IMF’s Georgieva: Central bankers must be stubborn in fighting inflation

  

  International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Wednesday that central bankers must be stubborn in fighting broad-based inflation, as reported by Reuters.“If fiscal policy is not targeted sufficiently, it may become the enemy of the monetary policy, fueling inflation,” Georgieva further added.These comments do not seem to …

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• 14 September 2022 5:58 pm

  US Retail Sales Preview

  

  The US Census Bureau will release the August Retail Sales report on Thursday, September 15 at 12:30 GMT, and as we get closer to the release time, here are the forecasts of economists and researchers of three major banks regarding the upcoming data. Commerzbank “The drop in gasoline prices is …

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• 14 September 2022 4:43 pm

  US: Annual PPI declines to 8.7% in August

  

  The Producer Price Index (PPI) for final demand in the US declined to 8.7% on a yearly basis in August from 9.8% in July, the data published by the US Bureau of Labor Statistics revealed on Wednesday. This print came in lower than the market expectation of 8.8%. The annual …

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• 14 September 2022 4:11 pm

  Gold continues to decline

  

  Gold prices fell during trading on Wednesday to extend the precious metal’s losses after losing more than 1% in yesterday’s session, affected by higher-than-expected US inflation data. In terms of trading, spot gold contracts settled at $1,702.52 an ounce after falling more than 1% in the previous session, while gold …

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• 14 September 2022 2:24 pm

  Oil prices fall on prospects of US rate hike

  

  Oil prices fell slightly on Wednesday, amid fears that the US Federal Reserve will raise interest rates again next week after an unexpected rise in consumer prices in August, dispelling support from a strong outlook for the Organization of the Petroleum Exporting Countries on the growth of oil demand. Brent …

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• 14 September 2022 1:21 pm

  European shares decline at the open

  

  European shares fell at the open on Wednesday after higher-than-expected US inflation data boosted expectations of a bigger interest rate hike at the Federal Reserve next week. Still, a rally in retail stocks led by Spain’s Inditex limited losses. The pan-European STOXX 600 index was down 0.3 percent by 0714 …

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• 14 September 2022 12:25 pm

  Japanese stocks fall on US inflation data

  

  Japanese stocks hit their biggest drop in three months on Wednesday, tracking Wall Street’s overnight losses on an unexpected rise in US inflation data, while reports of the Bank of Japan’s apparent intention to intervene in the currency market weighed on sentiment. The Nikkei index fell 2.95 percent shortly after …

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• 14 September 2022 5:19 am

  Market Drivers – US Session 13/09/2022

  

  Tuesday witnessed the biggest US dollar’s rally since 2020 on the back of fresh economic data released by the US Labour Department highlighting CPI that unexpectedly rose in August. The dollar index was up 1.5% at 109.85 in its biggest one-day percentage gain since March 2020. The American currency, however, …

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• 14 September 2022 2:42 am

  US Treasury yields are surging

  

  US Treasury yields reacted very naturally to Tuesday’s inflation data. Yields have soared since the release of the CPI data and through the US session. The 10-year US Treasury yield rose to 3.444%, compared to the last daily close at 3.385%.The yields on these benchmark bonds fell to their lowest …

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• 14 September 2022 2:02 am

  Why Does Wednesday’s PPI Data Matter?

  

  Tuesday brought CPI (Consumer Price Index) data for August, which details inflation at the consumer level. Wednesday will witness the release of the PPI (Producer Price Index) and that is inflation at the producer level. It is more interested in what manufacturers are paying for the raw materials that they …

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• 14 September 2022 1:02 am

  EU struggling to fix energy crisis

  

  On Wednesday, the European Commission is expected to announce targets to cut electricity consumption and a revenue cap for non-gas fueled plants. Energy ministers will hold an emergency meeting on Sept. 30 to discuss them. Germany will inaugurate lending to energy firms that are at risk of being crushed by …

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