Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2023

• 25 September 2023 2:14 pm

  Russia makes minor amendments to the fuel export ban

  

  A government document showed on Monday that the Russian government agreed to some amendments to the fuel export ban, lifting restrictions on fuel used to supply some ships, and diesel that contains a high percentage of sulfur. Moscow also lifted restrictions on the export of fuel that Russian Railways and …

  Read More »
• 25 September 2023 1:18 pm

  European stocks decline at the beginning of the last week of Q3

  

  European stocks began trading in the last week of the third quarter of the year with a decline, as investors became concerned about the tendency for interest rates to remain high for a longer period, and the weakness of shares of companies exposed to China pressured the index. The European …

  Read More »
• 25 September 2023 12:38 pm

  Nikkei is back on the rise, driven by the rise in chip and pharmaceutical stocks

  

  Japan’s Nikkei index rose strongly on Monday as investors bought back stocks whose prices had fallen after the index recorded its worst weekly performance in 2023. The Nikkei rose 0.85 percent to end trading at 32,678.62 points. The broader Topix index also rose 0.39 percent. Last week, the Nikkei fell …

  Read More »
• 25 September 2023 11:27 am

  Oil rises as investors focus on tight supplies

  

  Oil prices rose on Monday as investors focused on expectations of tighter supplies after Moscow issued a temporary ban on fuel exports amid continuing concerns that another interest rate hike could dampen demand. Brent crude futures increased 69 cents, or 0.7 percent, to $93.96 a barrel by 0646 GMT, after …

  Read More »
• 25 September 2023 12:05 am

  Financial Markets’ Weekly Recap, September 18-22

  

  The first interest rate cut in the USA is now expected in July 2024, pushed out from the June rate cut priced in before. The Fed’s updated economic outlook shows that the US economy has held up better than expected, with a modest cooling to 1.5% annual growth in 2024 …

  Read More »
• 23 September 2023 1:36 am

  Market Drivers – US Session, September 22

  

  US stocks experienced a fourth consecutive day of losses and even closed as one of the worst weeks since March 2023, with the Dow Jones dropping 0.31% to 33,963.84. The S&P 500 and Nasdaq slipped 0.23% and 0.09%, respectively. Ford ended the day up 1.9% after a source reported progress …

  Read More »
• 22 September 2023 10:00 pm

  Gold shines as US yields drop amid positive market mood

  

  An obvious change in US bond yields, with the 10-year note coupon falling from a 16-year high of 4.51% to 4.44%, constitutes a key factor that causes gold prices to recover and gain 0.25%.The Fed’s decisionmakers were eager to convey a cautious stance, highlighting the need for a big deal …

  Read More »
• 22 September 2023 8:49 pm

  USD/JPY climbs on Friday, aiming for 148.50

  

  The USD/JPY pair is recovering on Friday into the top end of the week’s trading. The Bank of Japan maintained its negative rate policy regime, as markets broadly expected.On the data front, the US PMIs came in mixed, capping any decisive moves for the US dollar. The USD/JPY is set …

  Read More »
• 22 September 2023 7:34 pm

  Fed’s Bowman: Further interest rate hike likely to combat high inflation

  

  Further interest rate increases will likely be appropriate, with inflation still being too high, Federal Reserve Governor Michelle Bowman said on Friday, per Reuters.Bowman’s comments failed to trigger a noticeable market reaction and the US Dollar Index was last seen posting small daily losses at 105.36.Key Quotes“Fed policy will need …

  Read More »
• 22 September 2023 3:14 pm

  European stocks are heading for a weekly decline, with the possibility of a rate hike lasting longer

  

  European stocks fell on Friday and were heading to end a week full of central bank decisions on a lower note, while investor assessments concluded that borrowing costs are likely to remain high for some time. By 0709 GMT, the European Stoxx 600 index fell 0.6 percent after ending the …

  Read More »
• 22 September 2023 12:22 pm

  Yen declines after the Bank of Japan sticks to its monetary policy, Dollar rise

  

  The yen fell on Friday after the Bank of Japan maintained its ultra-loose monetary policy, while the dollar remained near its highest level in six months on expectations that interest rates will remain high for a longer period in the United States. The yen declines after the Bank of Japan …

  Read More »
• 22 September 2023 11:29 am

  BoJ’s is keeping interest rates at very low levels

  

  The Bank of Japan kept interest rates at ultra-low levels on Friday as well as its guidance on future low interest rates, meaning the Japanese central bank is in no hurry to exit its stimulus policy. In a two-day meeting that ended on Friday, the Bank of Japan maintained the …

  Read More »
• 22 September 2023 10:55 am

  Gold rises, defying the strength of USD and the rise in US Treasury yields

  

  Gold prices rose on Friday despite pressure from the strength of the dollar and the rise in US Treasury yields, as investors were evaluating the decisions of major central banks to adhere to high interest rates. Gold rose in spot transactions 0.2 percent to $1,923.29 per ounce by 0350 GMT, …

  Read More »