Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 14 September 2022 1:21 pm

  European shares decline at the open

  

  European shares fell at the open on Wednesday after higher-than-expected US inflation data boosted expectations of a bigger interest rate hike at the Federal Reserve next week. Still, a rally in retail stocks led by Spain’s Inditex limited losses. The pan-European STOXX 600 index was down 0.3 percent by 0714 …

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• 14 September 2022 12:25 pm

  Japanese stocks fall on US inflation data

  

  Japanese stocks hit their biggest drop in three months on Wednesday, tracking Wall Street’s overnight losses on an unexpected rise in US inflation data, while reports of the Bank of Japan’s apparent intention to intervene in the currency market weighed on sentiment. The Nikkei index fell 2.95 percent shortly after …

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• 14 September 2022 5:19 am

  Market Drivers – US Session 13/09/2022

  

  Tuesday witnessed the biggest US dollar’s rally since 2020 on the back of fresh economic data released by the US Labour Department highlighting CPI that unexpectedly rose in August. The dollar index was up 1.5% at 109.85 in its biggest one-day percentage gain since March 2020. The American currency, however, …

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• 14 September 2022 2:42 am

  US Treasury yields are surging

  

  US Treasury yields reacted very naturally to Tuesday’s inflation data. Yields have soared since the release of the CPI data and through the US session. The 10-year US Treasury yield rose to 3.444%, compared to the last daily close at 3.385%.The yields on these benchmark bonds fell to their lowest …

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• 14 September 2022 2:02 am

  Why Does Wednesday’s PPI Data Matter?

  

  Tuesday brought CPI (Consumer Price Index) data for August, which details inflation at the consumer level. Wednesday will witness the release of the PPI (Producer Price Index) and that is inflation at the producer level. It is more interested in what manufacturers are paying for the raw materials that they …

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• 14 September 2022 1:02 am

  EU struggling to fix energy crisis

  

  On Wednesday, the European Commission is expected to announce targets to cut electricity consumption and a revenue cap for non-gas fueled plants. Energy ministers will hold an emergency meeting on Sept. 30 to discuss them. Germany will inaugurate lending to energy firms that are at risk of being crushed by …

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• 14 September 2022 12:49 am

  Eiffel Tower set to early darkness amid Europe’s energy crisis

  

  Beginning on Sept. 21, the Eiffel Tower, which is usually illuminated in golden hues within less than 10 minutes of nightfall and has an hourly 5-minute show of dazzling sparkles until 1 a.m., will have its lights turned off beginning at 11:45 p.m., when visiting time has ended. The nightly …

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• 14 September 2022 12:18 am

  EUR/USD falls on stronger dollar

  

  The US dollar is firmer on the hawkish sentiment surrounding the Fed’s intentions concerning interest rate policy at next Wednesday’s meeting. The EUR/USD pair has printed a fresh low in midday US session near 0.9973 and fell from 1.0187 high on the day following the US inflation data. At the …

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• 13 September 2022 11:26 pm

  August’s CPI consolidates FOMC’s hawkish stance

  

  Monthly U.S consumer prices unexpectedly rose in August as declining fuel prices were significantly erased by extra rent and food costs, giving sufficient grounds for the US central bank pursue its hawkish stance and accordingly to decide another interest rate increase next Wednesday.The consumer price index gained 0.1% last month …

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• 13 September 2022 10:49 pm

  USD/JPY rallies on CPI data

  

  The USD/JPY is generally in overbought conditions, but the BoJ’s dovish stance would keep the yen weak. A clear break of 145.00 would send the pair rallying toward August 1998 at 147.67.The USD/JPY rallied after the US Department of Labour reported that inflation was decelerating but exceeding estimations, catching off …

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• 13 September 2022 10:00 pm

  European Stocks Sharply Lower On US Inflation Data

  

  European stocks fell on Tuesday as hotter-than-expected US inflation data raised fears about aggressive interest rate hike by the Fed at its upcoming policy meeting, and triggered widespread selling in several sectors while disappointing data from the U.K., Germany and Switzerland also weighed on sentiment.The pan European Stoxx 600 fell …

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• 13 September 2022 9:48 pm

  Global Growth Could Shatter Oil Demand Concerns Through 2023

  

  Global economic growth is expected to continue strong at 3.1% this year and another 3.1% in 2023 according to OPEC’s forecast, on Tuesday, suggesting that the group expects healthy oil demand growth despite market fears of recession. In its September Monthly Oil Market Report (MOMR) published today, OPEC made no …

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• 13 September 2022 9:24 pm

  Gold prices touch session lows on US CPI Data

  

  The gold market has dropped like a stone into negative territory after the US inflation pressure rose more than expected.Tuesday, the U.S. Labour Department said its much-anticipated Consumer Price Index rose 0.1% in August after an unchanged reading in July. Economists were looking for a drop of 0.1%. The report …

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