Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2023

• 19 September 2023 10:14 pm

  GBP/JPY retreats as markets await Japan’s Trade Balance, UK rate decision

  

  The GBP/JPY pair was seen falling back to the midline after failing to maintain its bullish advance. Regarding the imminent rate decision from the Bank of England, investors are waiting for guidance.The Japanese Yen’s momentum for the Wednesday session may be set off by data on the trade balance in …

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• 19 September 2023 8:34 pm

  WTI steadies after passing $92 as EIA warns of US crude output slowdown

  

  On Tuesday, US WTI crude is reaching new ten-month highs. According to reports, the US shale output may fall faster than anticipated. Aiming at $100 per barrel, the outlook for oil is firmly favourable. In Tuesday’s trading session, WTI crude oil barrels briefly crossed the $93.00/bbl mark, before retreating to …

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• 19 September 2023 8:07 pm

  USD/JPY nearest to yearly highs as investors await BoJ, Fed decisions

  

  The USD/JPY pair is trading at 147.71, a yearly high, as investors remain cautious ahead of the US Federal Reserve and Bank of Japan policy decisions. The Fed is expected to keep rates unchanged at the 5.25%-5.50% range, focusing on economic forecasts and Federal Funds Rate projections. The Bank of …

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• 19 September 2023 5:56 pm

  Powell’s Hawkish Tone Expected to Bolster the US Dollar

  

  Navigating by the seat of their pants – that’s a less charitable way to characterize the Federal Reserve’s recently professed reliance on real-time data for policy decisions. While we could extend some acknowledgement to Fed Chair Jerome Powell and his team, it’s apparent that the central bank is gently decelerating …

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• 19 September 2023 3:33 pm

  Gold rises to its highest level in two weeks before FOMC meeting

  

  Gold prices rose to their highest level in two weeks on Tuesday, September 19, as the dollar fell from its highest level in 6 months before the start of the US Federal Reserve’s monetary policy meeting later today, and with markets awaiting a new set of economic forecasts from the …

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• 19 September 2023 1:26 pm

  The Nikkei index closed lower

  

  Japan’s Nikkei index closed lower on Tuesday, with chip-related stocks leading the decline amid investor caution ahead of central bank meetings in the United States and Japan. The Nikkei index fell 0.87 percent to 33,242.59 points. Tokyo Electron shares fell 5.23 percent, recording the worst performance on the index. Japanese …

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• 19 September 2023 12:43 pm

  European stocks decline as the industrial sector slows

  

  European stocks fell on Tuesday in volatile trading, as industrial stocks continued their losses for the second session in a row, while cautious investors awaited a series of central bank decisions this week. The European STOXX 600 index fell 0.1 percent by 0717 GMT. Investors are cautious before decisions related …

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• 19 September 2023 11:40 am

  Euro rises and Yen falls ahead of a series of central bank meetings

  

  The euro clung to gains on Tuesday after hawkish comments from policymakers at the European Central Bank, while the yen remained near a ten-month low ahead of an interest rate decision from the Bank of Japan later this week. Currency movements were limited in early Asian trading, as markets await …

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• 19 September 2023 2:01 am

  Market Drivers – US Session, September 18

  

  The US Dollar modestly declined but remained above 105.00 on a calm week start. It marked the first daily loss after nine consecutive days of gains. This correction has taken place during quiet trading circumstances as markets await key central bank meetings. On Wall Street, stocks opened the week with …

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• 19 September 2023 1:45 am

  The EUR/GBP higher amid wavering Sterling

  

  to kick off the trading week, the EUR/GBP pair is decisively climbing over the 0.8600 handle and extending upwards as the Bank of England (BoE) looms over the horizon.Sterling bulls hope to survive this week’s UK inflation data before BoE rate call. The Bank of England is broadly expected to …

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• 19 September 2023 1:33 am

  Wall Street flat ahead of looming FOMC decision

  

  Wall Street closed with little change on Monday as investors await the US Fed’s decision to leave key interest rates unchanged on Wednesday, as expected. The three major US stock indexes ended a choppy session with nominal gains, as investors showed little conviction heading into the Fed’s two-day monetary policy …

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• 18 September 2023 11:25 pm

  GBP/JPY struggles ahead of BoE rate decision

  

  Currently suffering, the GBP/JPY pair is trading close to the day’s low of 182.80. The UK’s August CPI, which is anticipating a 0.7% increase over the 0.4% fall from the previous month, will be revealed early on Tuesday. On Thursday, the BoE is anticipated to increase the benchmark interest rate …

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• 18 September 2023 11:08 pm

  Gold price maintains recent gains ahead of FOMC meeting

  

  The Gold Index (XAU/USD), which is up by 0.40%, has soared to the $1,930s territories. In anticipation of this week’s central bank decisions, markets are still cautious. The metal’s potential is constrained by still-high US yields.On Monday, the current price of gold is remaining above the convergence of the 20 …

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