Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 8 September 2022 3:07 am

  Market Drivers – US Session – September, 7

  

  The US dollar was able to maintain its strong stance throughout the first half of the day, but later, the dollar had to retreat along with the sliding T-yields during the US trading session.Gold fell to touch intraday low of $1,691.32 per troy ounce but managed to recover towards the …

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• 8 September 2022 2:44 am

  Dollar demand drags T-Yields lower ahead of Powell’s speech

  

  After earlierly hitting three-month highs, US T-yields slipped on Wednesday because the demand for US dollars has helped send money into government debt and before an awaited speech by Fed Chair Jerome Powell on Thursday.Overall, there is demand for dollars, so there’s more money pouring into the Treasury market. The …

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• 8 September 2022 2:32 am

  Where are natural gas prices heading?

  

  Factors that could impact the volume of LNG exports in the next months include the planned outage at Cove Point in October and Freeport LNG resuming partial operations by mid-November. EIA forecasts total US liquefied natural gas exports to account for 12.3 Bcf/d in 2023.Spot prices at the US benchmark …

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• 8 September 2022 2:07 am

  Putin Defies ‘Stupid’ Sanctions, Slams EU Gas Price Cap Plan

  

  On Wednesday, Russia’s Vladimir Putin described Western sanctions “stupid” and threatened to halt all energy sales to Russia’s critics if they move forward with a cap on oil prices proposed by the G7 industrialized economic powers.“We will not supply gas, oil, coal, heating oil, we will not supply anything,” Putin …

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• 8 September 2022 1:27 am

  EU ponders price cap on Russian gas

  

  On Wednesday, EU’s Ursula von der Leyen proposed that the bloc cap the price of Russian-imported gas, among other measures, as the member states are forced to deal with a worsening energy crisis while seeking to punish Moscow for invading Ukraine.Facing a cut-off of Russian oil and natural gas as …

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• 8 September 2022 12:36 am

  Gold prices attempting to keep firm

  

  Gold price is firm on Wednesday, but the precious metal is looking forward to reaching key resistance as the US dollar retreated from fresh highs. Gold bulls eye a 50% mean reversion with the prospects of a break to $1,735 beyond the said level. Gold price has added to gains …

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• 7 September 2022 10:56 pm

  Dow consolidates gains by more than 400 points

  

  The Dow Jones Industrial Average gained 455 points, or 1.46%. The S&P 500 rose 1.79% and the Nasdaq Composite ticked up 2.06%, attempting to break a seven-day losing streak.Stocks rallied as Fed Vice Chair Lael Brainard reaffirmed that the central bank would do what it takes to stifle inflation, while …

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• 7 September 2022 10:35 pm

  Fed’s Beige Book predicts future US economic slowdown

  

  The Fed’s Beige Book has noted that US economic activity is still under pressure and that “the outlook for future economic growth remained generally weak”.The Fed released its latest summary of feedback from business contacts nationwide as policymakers are considering whether to proceed with a third straight 75-basis-point interest rate …

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• 7 September 2022 9:58 pm

  US Treasury yields dipped after Tuesday’s brief jump

  

  Treasury yields have been in focus again prior to the open, with the yield on the benchmark 10-year Treasury note rising more than 11 basis points to 3.314%, while its 2-year counterpart rose about eight basis points to 3.481%.Wednesday’s moves come after the 10-year note jumped to its highest level …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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