Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 16 September 2022 4:19 pm

  Gold stable near the lowest level in two years

  

  Gold prices stabilized on Friday, near their lowest level in more than two years, and are on track to record their worst weekly performance in two months, after expectations of a large interest rate hike by the Federal Reserve (the US central bank) raised bond yields. Which extinguishes the luster …

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• 16 September 2022 3:05 pm

  Stability in oil prices, despite its tendency to record a weekly decline

  

  Oil prices were largely stable on Friday, but are heading for a weekly decline amid fears of sharp interest rate increases, which is expected to curb global economic growth and fuel demand. Brent crude futures rose 25 cents, or 0.3 percent, to $91.09 a barrel by 0921 GMT, but fell …

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• 16 September 2022 2:22 pm

  Reuters: Russia and Saudi Arabia see $100 a barrel as a fair price for oil

  

  Citing sources familiar with the matter, Reuters reported on Friday that Saudi Arabia and Russia see $100 a barrel as a fair price for oil that the global economy can absorb. “Our focus is straightforward – looking at supplies and demand balances over a period of no less than a …

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• 16 September 2022 1:03 pm

  European shares open lower as recession fears intensify

  

  European shares fell on Friday as recession fears and expectations of a big interest rate hike during the Federal Reserve’s (US Central Bank) meeting next week weighed on sentiment. The pan-European Stoxx 600 index fell one percent moments after the opening bell, bringing its declines this week to more than …

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• 16 September 2022 12:27 pm

  Japanese shares fall, down 2%, affected by recession fears

  

  Japanese stocks fell at the close on Friday and recorded a weekly decline, as fears of a global economic slowdown continued in light of raising interest rates, which led to the decline of Wall Street during Thursday night. The Nikkei index fell 1.11 percent to close at 2,7567.65 points, after …

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• 16 September 2022 9:47 am

  Market Drivers – US Session September 15

  

  Gold price is fighting its own battle against soaring Treasury yields and the rising US dollar. Gold has lost about $40 on the day and hopes for a catalyst to rebound. The market is getting more nervous that the monetary mistake would lead to a severe session for gold like …

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• 16 September 2022 1:03 am

  Shift from ‘soft landing’ to ‘hard landing’ impacting gold

  

  Gold fell nearly $40 from daily highs and hit more than two-year lows under pressure from aggressive rate hike expectations as the US dollar and Treasury yields climbed. The precious metal closed at $1696.79 on Wednesday, and on Thursday was unable to break the $1,700 line, instead the price action …

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• 16 September 2022 12:17 am

  Oil Prices Fall Despite Promising Demand

  

  Oil prices fell on Thursday on demand concerns even after two influential international groups are still defending predictions for strong demand this year and next.Brent crude the international standard, fell 3.7%, to $90.65 a barrel, while West Texas Intermediate the US benchmark, fell 3.9%, to $85.02 a barrel. Both rose …

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• 15 September 2022 11:51 pm

  CAD’s Performance Impacted By Oil Price

  

  Canada’s currency slides to 2-month low on risk aversion, so, the Canadian dollar weakens 0.4% against its American counterpart. The current level touches its weakest since July 14 at 1.3214. The decline comes on Thursday as oil prices fell and the prospect of aggressive tightening by the Fed’s next meeting …

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• 15 September 2022 10:40 pm

  Solo intervention cannot stop Yen’s sharp declines

  

  Japan has got a long history of interventions to stop the yen from falling. Efforts to stop the yen’s sharp falls through unilateral market intervention could only have a limited impact according to a senior member of the country’s ruling party as data showed the Yen’s latest drop is blowing …

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• 15 September 2022 10:10 pm

  Bitcoin, Ethereum prices drop after monumental Merge

  

  Uncertainty prevails Bitcoin price action as Ethereum trends downward despite the successful Merge as Bitcoin price trades below $20K, while Ethereum price drops 8%. The most famous cryptocurrency in the world is spending a second day threatening $20,000 support on September 15 as markets celebrate the Ethereum’s Merge.The largest cryptocurrency …

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• 15 September 2022 9:35 pm

  Happy Merge Fails to trigger Ethereum Rally to $2,000.

  

  As of Thursday, September 15, Ethereum has finally become a “proof-of-stake protocol” following the much-awaited Merge.Ethereum price may reverse the trend to the upside if support at $1,500 stays intact. Ethereum price is fighting to find footing after slipping below $1,600. The last few days have seen the newest proof-of-stake …

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• 15 September 2022 9:04 pm

  EUR/USD restores parity despite dovish remarks by ECB officials

  

  The EUR/USD pair is seesawing around parity after mixed ECB official signals. The positive US Retail Sales confirms the case of the Fed’s going for a 75 bps interest hike.ECB official Mario Centeno expressed that the central bank should take “as small steps as possible.” The EUR/USD is positive in …

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