Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 7 September 2022 9:46 pm

  Fed’s Brainard backs further monetary tightening

  

  Fed Vice Chair Lael Brainard reiterated on Wednesday that the Fed’s policy rate will need to rise further and that they will need to keep the policy restrictive ‘for some time’.The US Dollar Index showed no immediate reaction to Brainard’s comments and was last seen losing 0.25% on the day …

  Read More »
• 7 September 2022 9:02 pm

  US shares attempt to recover on easing T-yields

  

  Dow jumps 200 points Wednesday, Nasdaq tries to snap 7-day losing streakUS shares surged on Wednesday. The shares are trying to abandon three-week slide as rates and oil prices eased, cooling investor concerns about continued high inflation.The Dow Jones Industrial Average gained 280 points, or 0.9%. The S&P 500 rose …

  Read More »
• 7 September 2022 8:43 pm

  Russia could maximize gas revenues by resuming sale to EU

  

  Russia could maximize revenues if it decides to resume selling natural gas to the EU member states again. Russia may have to turn the natural gas tap back on for Europe, Citi’s global head of commodities research said Wednesday. Russia has halted Nord Stream 1 flows, and Europe is facing …

  Read More »
• 7 September 2022 8:12 pm

  How Is USD/CAD Affected By BoC Rate Decision?

  

  The USD/CAD is soaring despite Wednesday’s 75 bps rate hike by the Bank of Canada, from 2.50% to 3.25%, amid mixed market sentiment, with most global equities tumbling, except for US stocks.At the time of writing, the USD/CAD edges up 0.18%, trading at 1.3174, above its opening price at 1.31510.The …

  Read More »
• 7 September 2022 7:34 pm

  Atlanta Fed GDPNow for Q3 declines to 1.4%

  

  According to the Federal Reserve Bank of Atlanta’s GDPNow model, the US economy is expected to grow at an annualized rate of 1.4% in the third quarter, down from 2.6% in the previous estimate.This report doesn’t seem to be having a significant impact on the dollar’s performance against its rivals. …

  Read More »
• 7 September 2022 5:32 pm

  European Central Bank Preview: Is the ECB taking tough measures?

  

  money markets expect the ECB to raise rates by 75 bps – the main lending rate from 0.50% to 1.25% and the deposit rate from 0% to 0.75%. In such a scenario – which is the most likely one – the focus will swiftly shift to the next factors. If …

  Read More »
• 7 September 2022 4:34 pm

  China’s export growth slowed more than expected in August

  

  The growth of Chinese exports slowed down in August to post 7.1% on an annual basis from a growth of 18% recorded in July, compared to expectations of a growth of 12.8%, at a time when the Corona pandemic is still casting a shadow on Chinese cities and factories located …

  Read More »
• 7 September 2022 3:31 pm

  Oil prices rise after Putin threatens to cut supplies

  

  Oil prices rose on Wednesday on the back of Russian threats to withdraw from energy supply contracts, reversing losses incurred earlier in the session when they fell to their lowest levels since Russia’s invasion of Ukraine. Brent crude futures rose 85 cents, or 0.92 percent, to $93.68 a barrel by …

  Read More »
• 7 September 2022 2:47 pm

  Putin says he wants to limit Ukraine’s grain export destinations

  

  Russian President Vladimir Putin warned on Wednesday of a looming global food crisis. He said he would discuss amending a grain export deal with Ukraine to limit countries receiving shipments. Speaking at an economic forum in the eastern city of Vladivostok, Putin said that Moscow had done everything in its …

  Read More »
• 7 September 2022 1:16 pm

  Eurozone Final GDP revised higher to 0.8% QoQ in Q2

  

  The Eurozone economy expanded by 0.8% on the quarter in the three months to June of 2022 vs. 0.6% prior, the final revision confirmed on Wednesday. The market consensus was for a reading of 0.6% in the reported period. On an annualized basis, the bloc’s GDP rate rose by 4.1% …

  Read More »
• 7 September 2022 1:11 pm

  European shares open lower as mining and energy stocks decline

  

  European shares opened lower on Wednesday as mining and energy companies led the losses as investors remained concerned about the outlook for demand in the wake of weak trade data from China. The European oil and gas index was down 2.2 percent by 0720 GMT, while the mining index lost …

  Read More »
• 7 September 2022 1:08 pm

  Japan shares close lower

  

  Japanese stocks fell on Wednesday as continued investor fears about an economic slowdown outweighed the strong performance of exporters’ shares, which rose on the yen’s fall. The Nikkei index fell 0.71 percent, tracking losses overnight on Wall Street, as the three major indexes fell after the US services sector report …

  Read More »
• 7 September 2022 11:57 am

  Gold prices fall as the dollar and bond yields rise

  

  Gold prices fell on Wednesday as the dollar and Treasury yields rose after upbeat economic data boosted expectations that the Federal Reserve will continue to raise interest rates sharply. And gold fell in spot transactions 0.5% to $ 1692.99 an ounce (an ounce) by 0330 GMT, after falling earlier to …

  Read More »