Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 20 September 2022 3:38 pm

  Oil rises as OPEC and its allies produce below quotas

  

  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 …

  Read More »
• 20 September 2022 2:01 pm

  Stable flow of Russian gas to Europe via Ukraine as Nord Stream 1 continues to shut down

  

  Operational data showed Russian gas supplies to Europe through Ukraine were stable on Tuesday morning, while gas flow through the Nord Stream 1 pipeline remained at zero. Ukraine’s transport system data showed that Russian gas flows to Slovakia from Ukraine through the Veleke Kapusani border point amounted to 36.9 million …

  Read More »
• 20 September 2022 1:19 pm

  European shares open higher

  

  European shares rose at the open on Tuesday on the back of a rally in banking shares as investors prepared for the release of the results of the US Federal Reserve’s two-day monetary policy meeting. The pan-European Stoxx 600 index advanced 0.8% after a weak start to the week. European …

  Read More »
• 20 September 2022 12:31 pm

  Japan shares close stable, with anticipation of the US and Japanese central meetings

  

  Japanese stocks posted slight gains on Tuesday as investors awaited the outcome of this week’s meetings of the Federal Reserve and the Bank of Japan, as the two banks are expected to reinforce their hawkish policies to tackle inflation. With the markets resuming trading after a national holiday, the Nikkei …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »