Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 29 September 2022 7:52 pm

  EUR/GBP has worst trading day since July

  

  As the British Pound recovers further ground across the G10 currencies, the EUR/GBP pair is experiencing its worst trading day since 13 July. The pair dropped during the American session and hit the lowest level in almost a week at 0.8836. It is hovering around 0.8850, namely down by almost …

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• 29 September 2022 7:28 pm

  Fed’s Bullard: Central banks to react to Fed’s intentions

  

  St. Louis Federal Reserve Bank President James Bullard said on Thursday that the Federal Reserve is having to raise rates pretty rapidly to get to a minimally appropriate level to tackle inflation, as reported by Reuters.The greenback stays on the backfoot after these comments and the US Dollar Index was …

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• 29 September 2022 5:41 pm

  US: Real GDP contracts by 0.6% in Q2

  

  The US economy contracted at an annualized rate of 0.6% in the second quarter, the US Bureau of Economic Analysis’ (BEA) third and final estimate showed on Thursday. This reading came in line with the market expectation and the previous estimate. GDP, the standard economic growth measure, is the value …

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• 29 September 2022 4:42 pm

  Germany: Annual CPI inflation jumps to 10% in September

  

  As measured by the Consumer Price Index (CPI), annual inflation in Germany climbed to 10% in September from 7.9% in August, Germany’s Destatis reported on Thursday. This reading came in higher than the market expectation of 9.4. Meanwhile, the Harmonised Index of Consumer Prices (HICP), the European Central Bank’s (ECB) …

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• 29 September 2022 4:37 pm

  The rise of dollar dispels the luster of gold

  

  Gold prices fell one percent on Thursday, with the dollar rebounding after a brief decline in the previous session, while an imminent and expected interest rate hike was still hampering the precious metal’s rise. By 0935 GMT, spot gold fell 0.8 percent to $1,646.97 an ounce, after recording its best …

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• 29 September 2022 3:22 pm

  Pound and Euro falls ahead of inflation data

  

  The British pound and the euro fell on Thursday, while the dollar rose as the relief over the Bank of England’s intervention in the bond markets faded. Investors are awaiting German inflation data. On Wednesday, the British currency jumped to its highest level since mid-June after the Bank of England …

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• 29 September 2022 2:08 pm

  European shares fall before German inflation data

  

  European shares tumbled on Thursday, with some companies, including Sweden’s H&M, warning of the repercussions of rising inflation and costs on their activities, negatively affecting sentiment before releasing highly anticipated German inflation data. The pan-European Stoxx 600 index was down 1.7 percent by 0759 GMT after it failed to follow …

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• 29 September 2022 1:26 pm

  Reuters: The OPEC + alliance began discussions on reducing production at the October 5 meeting

  

  Three sources told Reuters that major producers in the OPEC + alliance have started discussions on reducing oil production at the next meeting of the alliance scheduled for October 5. A source in the Organization of the Petroleum Exporting Countries (OPEC) told Reuters that the cut was “highly expected”, while …

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• 29 September 2022 12:02 pm

  Oil prices fall amid the rise of the dollar and weak demand

  

  Oil prices fell on Thursday after rising more than $3 in the previous session, as a stronger dollar curbed demand for oil and worries about a faltering global economic outlook weighed on market sentiment. Brent crude futures fell 91 cents, or 1%, to $88.41 a barrel by 0629 GMT, while …

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• 29 September 2022 11:30 am

  Fourth gas leak detected in Nord Stream pipeline

  

  A Swedish Coast Guard spokeswoman said the coast guard discovered a fourth gas leak from the Nord Stream pipeline earlier this week. The European Union suspects that there is an act of sabotage behind the gas leakage from Russian pipelines that extend under the sea to Europe and has promised …

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• 29 September 2022 4:15 am

  Market Drivers – US Session 28/09/2022

  

  Gold prices soared, and XAUUSD trades at $1,660 per troy ounce, its highest for the week. Crude oil prices recovered, and WTI settled at $82.00 a barrel. The US dollar pushed its rally throughout the first half of the trading day but changed its direction dramatically after Wall Street’s opening. …

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• 29 September 2022 4:01 am

  To Recess Or Not To Recess, US Awaiting GDP Data

  

  Thursday’s GDP update will help provide a correct answer to whether US economy has fallen into recession. It is becoming more difficult to figure out what is really going on in the globe’s largest economy. Firmer Final US GDP in the second quarter could offer US dollar rebound as Fed …

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• 29 September 2022 2:46 am

  Biden warns of raising fuel price on Hurricane Ian

  

  “America’s watching. The industry should do the right thing”, US President Joe Biden said, on Wednesday, stressing that the federal government will investigate price gouging if fuel prices rise during the hurricane.Biden said only 190,000 barrels of oil have been impacted so far by Hurricane Ian. Biden also warned oil …

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