Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 15 September 2022 8:02 pm

  Soaring US Treasury Drag Wall Street Lower

  

  The New York Stock Exchange started trading Thursday in a bearish trend, generally impacted by soaring US Treasury bond yields at the beginning of the current session’s trading.The US stock exchange indices fell to lower levels compared to the positive closing achieved last Wednesday, which came as a result of …

  Read More »
• 15 September 2022 7:39 pm

  EUR/USD faces danger of dipping further towards 0.95

  

  The EUR/USD continues to move sideways around the parity level ahead of next week’s FOMC meeting. The risks on the EUR/USD are tilted to the downside and they warn it could drop to 0.95.The insecurely position of growth in the Eurozone in the coming months may mean that higher short-term …

  Read More »
• 15 September 2022 7:16 pm

  Gold Deteriorates To Two Year Lows Below $1670

  

  Gold and silver prices were lower in early U.S. trading Thursday, with gold falling to a seven-week low hitting $1667 per ounce versus Wednesday’s closing price at $1696.79. The soaring US dollar index along with rising Treasury yields and some hotter US inflation data, have all combined to keep gold …

  Read More »
• 15 September 2022 6:30 pm

  Market Drivers – European Session 15/9/2022

  

  In his speech at the annual international conference of the Center for Research on Regulation and Supervision of the Financial Sector (CIRSF) on Thursday, European Central Bank Deputy Governor Luis de Guindos said that there are significant threats facing the future of the European Union’s financial system, which have made …

  Read More »
• 15 September 2022 5:54 pm

  US: Weekly Initial Jobless Claims decline to 213K

  

  There were 213,000 initial jobless claims in the week ending September 10, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 218,000 (revised from 222,000) and came in better than the market expectation of 226,000. the advance …

  Read More »
• 15 September 2022 5:03 pm

  Oil falls on fears of weak demand and a strong dollar

  

  Oil prices fell on Thursday, as concerns about weak demand and a stronger dollar ahead of a possible big interest rate hike raised concerns about tight supplies. The International Energy Agency announced this week that oil demand growth will stall in the fourth quarter. The dollar also settled on Thursday …

  Read More »