Open Demo Account

Market Analysis

September, 2023

  • 4 September 2023 9:43 am

    Asia shares bounce as China mood turns less bleak

    Asian stocks rose on Monday as investors bet the Federal Reserve would stop rising interest rates in the United States, and on optimism that Beijing’s continuous drip of economic stimulus would be enough to at least stabilise the Chinese economy. Due to a holiday in the United States, trading was …

    Read More »
  • 4 September 2023 1:11 am

    Financial Markets’ Weekly Recap, Aug 28-Sep 1

    On Friday, the dollar rose versus the euro and the Japanese yen after the August jobs report revealed a still-strong labour market, despite some signs of slippage. Employers added 187,000 jobs in August, exceeding predictions of 170,000. However, data for July was revised downward to reflect 157,000 employment gains rather …

    Read More »
  • 1 September 2023 11:46 pm

    Market Drivers – US Session, Sept. 1

    US economic data has been mostly stable, with the Consumer Price Index on September 13 being crucial ahead of the FOMC meeting on September 19-20. Key reports in the US next week include Factory Orders and revised Q2 Unit Labor Costs. The Australian Dollar was the best performer among majors …

    Read More »
  • 1 September 2023 10:21 pm

    Gold’s chance to rebound diminished on stronger US dollar

    The precious metal’s weekly gain for dollar investors was reduced to 1.2% as gold prices declined this afternoon entering Friday’s London benchmark auction as mixed data on the US labour market was followed by less-poor manufacturing sector data. Gold is trading at 1940.86 per ounce at the time of writing.According …

    Read More »
  • 1 September 2023 9:45 pm

    EUR/USD reverses course after US PMIs data

    The EUR/USD fell to 1.0786 at the time of writing after initially climbing to 1.0880. US manufacturing PMIs revealed better than anticipated outcomes. Following the announcement, the US Dollar Index and Treasury rates both dramatically increased.The USD changed direction in response to stronger Institute for Supply Management (ISM) PMIs following …

    Read More »
  • 1 September 2023 8:47 pm

    USD/JPY mildly recovers post NFP data on rising Treasury yields

    The USD/JPY pair is trading flat at 145.46, after dropping to a three-week low of 144.44. US Nonfarm Payrolls for August beat estimates, but the Unemployment Rate misses, keeping the pair in check. Rising US Treasury bond yields have further supported the dollar, with the USD/JPY trading at 146.196, gains …

    Read More »
  • 1 September 2023 7:40 pm

    Fed Officials Care Most To How Restrictive Policy Needs To Be, For How Long

    Loretta J. Mester, President of the Federal Reserve Bank of Cleveland, stated on Friday, following the NFP report, that the job market remains strong despite signs of rebalancing. She downplayed the increase in the Unemployment Rate to 3.8%, stating that this level “is still low.”Speaking at an event in Germany, …

    Read More »
  • 1 September 2023 5:08 pm

    US Nonfarm Payrolls rise 187,000 in August

    The US Bureau of Labour Statistics (BLS) stated on Friday that nonfarm payrolls (NFP) increased by 187,000 in August. This result was higher than the market forecast of 170,000. On the negative side, the 187,000 increase in July was reduced down to 157,000. The unemployment rate rose to 3.8% in …

    Read More »
  • 1 September 2023 3:55 pm

    Oil is rising amid tight supplies

    Brent crude, the global benchmark, hovered above $87 a barrel, as crude prices were set to end a two-week losing streak on Friday, supported by expectations of supply shortages. Saudi Arabia is widely expected to extend a voluntary oil production cut of 1 million barrels per day into October, prolonging …

    Read More »
  • 1 September 2023 2:50 pm

    Gold stabilizes with anticipation of US jobs data, but is heading for weekly gains

    Gold prices appear to be heading on Friday, September 1, to achieve gains for the second week in a row, supported by declining chances of raising US interest rates this year after a week full of data, at the end of which an important jobs report is issued. Gold settled …

    Read More »
  • 1 September 2023 1:32 pm

    Dollar is preparing for a weekly loss ahead of an important report on US jobs

    The dollar is set to end a six-week winning streak against major currencies on Friday, with the approaching release of an important monthly report on jobs in the United States that is likely to determine the course of the Federal Reserve’s policy in the coming months. The dollar fell to …

    Read More »
  • 1 September 2023 12:55 pm

    European stocks stabilized

    European stocks stabilized on Friday, with the support provided by energy and mining companies offsetting the impact of pressures from the weak performance of German copper producer Aurobis after a profit warning, and Volkswagen after a downgrade in the stock’s recommendation. By 0711 GMT, the European STOXX 600 index settled …

    Read More »
  • 1 September 2023 11:31 am

    Japanese TOPIX closes at a 33-year high with buying support to seize deals

    The Japanese Topix index ended trading on Friday at the highest level in 33 years, as it achieved significant gains as investors sought to seize profitable deals and acquire undervalued shares, while the gains were led by Sony Group shares and financial sector shares. Topix rose 0.76 percent to 2,349.75 …

    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