Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 27 September 2022 9:41 pm

  US shares abandon earlier gains on Fed official’s remarks

  

  More pain for equities seems to constitute a new status quo. Wall Street’s main indexes sank deeper Tuesday after earlier rally in stocks on positive economic data. The latest retreat comes after Fed policymakers defended more interest rate hikes even at the risk of slowing economic growth.The benchmark S&P 500 …

  Read More »
• 27 September 2022 8:40 pm

  Fed’s Bullard downplays recession risk on US level

  

  Speedy US rate hikes raised the risk of recession, but it is likely to be caused by an outside shock rather than from the collapse of the American economy that remains robust according to statements by St. Louis Fed president James Bullard.Bullard said, at an economic forum in London, that …

  Read More »
• 27 September 2022 7:41 pm

  CB Consumer Confidence Index rises in September

  

  Consumer sentiment in the United States has continued to improve throughout September, meanwhile, the US Dollar Index rebounded to the 114.205 area with the initial reaction to the data.With the initial reaction, the US Dollar Index extended its recovery and was last seen posting small daily losses at 114.02.Tuesday’s data …

  Read More »
• 27 September 2022 7:02 pm

  BoE’s Pill expects important move in November

  

  The Bank of England is expected to decide an important policy response to finance minister Kwasi Kwarteng’s financial plan embodying tax cuts but, the central bank could wait until its next scheduled meeting in November before making such a move according to BoE Chief Economist Huw Pill.The British pound gathered …

  Read More »
• 27 September 2022 5:47 pm

  US Housing Price Index falls 0.6 in July

  

  U.S. house prices fell in July for the first time in two years, as the market underwent a “forceful deceleration” due to rising borrowing costs and a slump in consumer confidence. The monthly data published by the US Federal Housing Finance Agency showed on Tuesday that the Housing Price Index …

  Read More »
• 27 September 2022 4:37 pm

  US Durable Goods Orders declined in August

  

  Durable Goods Orders in the US declined by 0.2%, or by $0.6 billion, monthly in August to $272.7 billion, the monthly data published by the US Census Bureau revealed on Tuesday. This reading came in better than the market expectation for a decrease of 0.4%. The US Dollar Index showed …

  Read More »
• 27 September 2022 3:52 pm

  Bitcoin and Ethereum Jump 6% as Market Reaches $1 Trillion

  

  Cryptocurrency markets witnessed a sudden upward movement in the early hours of Tuesday as the price of Bitcoin (BTC) again reclaimed the $20,000 level. The leading cryptocurrency, which traded below $19,000 on Monday, is up 6.4% over the past day, and is currently trading at a 10-day high of $20,199, …

  Read More »
• 27 September 2022 2:53 pm

  Pounds rebounds as focus shifts to Bank of England

  

  The British pound rebounded on Tuesday, but its trading was mostly built on hope, profit taking and higher British yields, leaving traders anxious about the broader implications of its record decline. With the dollar weakening, sterling rose by one percent in Asia to $1.0805, up nearly five percent from Monday’s …

  Read More »
• 27 September 2022 2:33 pm

  The Kremlin: Sabotage cannot be ruled out as a cause of Nord Stream damage

  

  The Kremlin said on Tuesday it did not rule out sabotage as a cause of damage to the Nord Stream pipeline network built by Russia in the Baltic Sea. The pipeline operator said on Tuesday that three offshore lines had suffered “unprecedented” damage in a single day. Asked if sabotage …

  Read More »
• 27 September 2022 1:35 pm

  Gold jumps 1% amid dollar weakness and rate hike fears

  

  Gold prices jumped 1 percent on Tuesday as the dollar weakened, although the Federal Reserve’s expectations of a further interest rate hike kept the precious metal near its lowest level in two and a half years. And the price of gold in spot transactions increased by 1.1 percent to 1639.94 …

  Read More »
• 27 September 2022 1:06 pm

  Japan’s Nikkei closes higher, supported by the rise of Fast Retailing shares

  

  Japan’s Nikkei closed higher on Tuesday, led by blue-chip Fast Retailing, as investors scrambled to buy shares battered by a global sell-off, with the US Federal Reserve repeating its stance of maintaining its hawkish policy of raising interest rates. The Nikkei index closed up 0.53 percent at 2,6571.87 points, rebounding …

  Read More »
• 27 September 2022 12:28 pm

  Oil rises as focus shifts to potential supply cuts

  

  Oil prices rose more than 1 percent on Tuesday, after plunging to a nine-month low the previous day, amid signs that the OPEC+ alliance may begin to cut production to avoid a further price collapse. US NYMEX crude rose to levels near $78 a barrel during these moments of trading …

  Read More »
• 27 September 2022 3:05 am

  Market Drivers – US Session 26/09/2022

  

  The US dollar was able to maintain its uptrend momentum and soared at the beginning of the week, pushing major pairs into fresh multi-year lows. The GBP/USD pair nosedived to record 1.0317 low and now trades around 1.0690, still down on the day. The Bank of England was expected to …

  Read More »