Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 20 September 2022 2:49 am

  Market Drivers – US Session 19/09/2022

  

  The week has got a lot of volatility and most assets are in slow motion with an almost empty macroeconomic data. The UK was on holiday honoring the funeral of the late Queen Elizabeth II. Fifteen major central banks will announce their policy decisions later the week.Economic DataMonday’s U.S. economic …

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• 20 September 2022 2:29 am

  Could BoE Decide Biggest Interest Rate Hike In 33 Years?

  

  prices are surging five times faster than the UK central bank’s 2% target, so, the sterling falls on daily basis, and accordingly, policy makers led by Governor Andrew Bailey face accelerating pressure to step up the pace of monetary tightening.This week, the Bank of England will consider whether to pursue …

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• 20 September 2022 1:40 am

  Oil advances as supply concerns surpass demand and rate hike woes

  

  Oil prices have advanced slightly amid higher volatile trading on Monday, as worries of tight supplies outweighed fears of global economic slowdown and likely large increases to interest rates.Brent crude for November rose 65 cents, or 0.7%, to $90.6 a barrel, while US West Texas Intermediate (WTI) for October was …

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• 20 September 2022 12:36 am

  US dollar edges lower as stocks reclaim ground

  

  The dollar index (DXY00) on Monday fell -0.04%. The dollar also gave up an early advance and fell slightly after stocks recovered from overnight losses and moved higher, which curbed liquidity demand for the dollar. Earlier on Monday, the American currency initially rose moderately after the 10-year T-note yield climbed …

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• 19 September 2022 11:21 pm

  European factories to go dark on higher gas prices

  

  The impact of Russia’s sudden block of natural gas taps to Europe has saturated manufacturers and businesses in fresh risks. Energy prices climbed so fast that some factory owners had to rewrite business forecasts six times in two months. Recently, some manufacturers have put a third of their employees on …

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• 19 September 2022 10:39 pm

  Gold struggles ahead of Fed’s decision

  

  The financial markets’ focus is still on major central banks as the US dollar and Treasury yields continue to dictate their saying. Gold prices encounter some pressure at the start of this week, earlier on the day, prices were sliding by 0.20% after falling from $1679 high to $1,659 low …

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• 19 September 2022 9:32 pm

  Do markets take FedEx warning seriously?

  

  The earnings-related warning -announced by FedEx last week caused most stocks to crash 20% by the closing bell on Friday.FedEx was founded in 1971 by billionaire businessman Fred Smith. Friday’s warning has a definite meaning, that is the US economy is currently challenging.However; analysts are split into two groups, the …

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• 19 September 2022 8:32 pm

  EUR/USD rises back above 1.0000

  

  The US dollar losses some momentum amid a cautious improvement in risk sentiment. Wall Street benefited from the said improvement and turned green. So, the EUR/USD pair continues to consolidate ahead of the FOMC meeting.The EUR/USD rose after the beginning of the US session and recently climbed to 1.0017, before …

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• 19 September 2022 7:46 pm

  Bitcoin retreats to lowest level in 3 months

  

  On Monday, Bitcoin dropped by some 5% to an intraday low of $18,276, reaching its lowest level since June 2019. It was last down 2.9% at $19,091.00. Bitcoin is down 7.2% in the current month and on pace for the second straight negative month after plunging 15% in August.Ether also …

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• 19 September 2022 7:22 pm

  US equities turn higher ahead of Fed meeting

  

  After the three major indexes logged their worst week in three months, US stocks rose on Monday. The S&P 500 climbed 0.3% after starting the session in the red territory, while the Dow Jones Industrial Average added 100 points. The tech-heavy Nasdaq advanced 0.2%.In the bond market, the benchmark US …

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• 19 September 2022 6:12 pm

  Saudi crude oil exports rise in July, surpassing a two-year peak

  

  The International Energy Forum said on Monday, citing data from the Joint Organizations Data Initiative (JODI), that Saudi crude oil exports rose for the second month in a row to their highest level in more than two years. Saudi exports in July rose 2.5 percent to 7.38 million barrels per …

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• 19 September 2022 4:47 pm

  Ukraine’s grain exports have fallen 46% since the start of the 2022/23 season

  

  On Monday, the Ukrainian Ministry of Agriculture said that Ukraine’s grain exports fell 45.6 percent year on year in the 2022/23 season to 6.364 million tons. Ukraine’s grain exports have fallen since the start of the war because its ports on the Black Sea, a major shipping route, have been …

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• 19 September 2022 2:20 pm

  Oil drops more than 1% amid rising dollar, demand concerns

  

  Oil prices fell more than 1% on Monday, weighed by expectations of sluggish global demand and a stronger dollar ahead of a possible significant interest rate hike. However, supply worries are limiting the price slide. The world’s central banks will almost certainly raise interest rates this week, and the Federal …

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