Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 27 September 2022 4:37 pm

  US Durable Goods Orders declined in August

  

  Durable Goods Orders in the US declined by 0.2%, or by $0.6 billion, monthly in August to $272.7 billion, the monthly data published by the US Census Bureau revealed on Tuesday. This reading came in better than the market expectation for a decrease of 0.4%. The US Dollar Index showed …

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• 27 September 2022 3:52 pm

  Bitcoin and Ethereum Jump 6% as Market Reaches $1 Trillion

  

  Cryptocurrency markets witnessed a sudden upward movement in the early hours of Tuesday as the price of Bitcoin (BTC) again reclaimed the $20,000 level. The leading cryptocurrency, which traded below $19,000 on Monday, is up 6.4% over the past day, and is currently trading at a 10-day high of $20,199, …

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• 27 September 2022 2:53 pm

  Pounds rebounds as focus shifts to Bank of England

  

  The British pound rebounded on Tuesday, but its trading was mostly built on hope, profit taking and higher British yields, leaving traders anxious about the broader implications of its record decline. With the dollar weakening, sterling rose by one percent in Asia to $1.0805, up nearly five percent from Monday’s …

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• 27 September 2022 2:33 pm

  The Kremlin: Sabotage cannot be ruled out as a cause of Nord Stream damage

  

  The Kremlin said on Tuesday it did not rule out sabotage as a cause of damage to the Nord Stream pipeline network built by Russia in the Baltic Sea. The pipeline operator said on Tuesday that three offshore lines had suffered “unprecedented” damage in a single day. Asked if sabotage …

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• 27 September 2022 1:35 pm

  Gold jumps 1% amid dollar weakness and rate hike fears

  

  Gold prices jumped 1 percent on Tuesday as the dollar weakened, although the Federal Reserve’s expectations of a further interest rate hike kept the precious metal near its lowest level in two and a half years. And the price of gold in spot transactions increased by 1.1 percent to 1639.94 …

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• 27 September 2022 1:06 pm

  Japan’s Nikkei closes higher, supported by the rise of Fast Retailing shares

  

  Japan’s Nikkei closed higher on Tuesday, led by blue-chip Fast Retailing, as investors scrambled to buy shares battered by a global sell-off, with the US Federal Reserve repeating its stance of maintaining its hawkish policy of raising interest rates. The Nikkei index closed up 0.53 percent at 2,6571.87 points, rebounding …

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• 27 September 2022 12:28 pm

  Oil rises as focus shifts to potential supply cuts

  

  Oil prices rose more than 1 percent on Tuesday, after plunging to a nine-month low the previous day, amid signs that the OPEC+ alliance may begin to cut production to avoid a further price collapse. US NYMEX crude rose to levels near $78 a barrel during these moments of trading …

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• 27 September 2022 3:05 am

  Market Drivers – US Session 26/09/2022

  

  The US dollar was able to maintain its uptrend momentum and soared at the beginning of the week, pushing major pairs into fresh multi-year lows. The GBP/USD pair nosedived to record 1.0317 low and now trades around 1.0690, still down on the day. The Bank of England was expected to …

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• 27 September 2022 2:37 am

  EUR/USD wavers above 0.9600 ahead of US durable goods data

  

  EUR/USD has hovered around 0.9610 as the market players’ focus shifts to US Durable Goods Orders data. Costly durable goods and accelerating interest rates have trimmed expectations for US economic data.ECB Lagarde’s speech provide clues for likely monetary policy action ahead. The EUR/USD pair is displaying back-and-forth moves in a …

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• 27 September 2022 2:13 am

  Gold Hits fresh lows amid fears to fall further

  

  Gold is sliding into fresh lows after being held back by the bears below $1,650 on corrections on Monday. The precious metal dropped to the lowest in more than two years while the US dollar extends its uptrend due to recession-linked fears and rising interest rates. The US bond yields …

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• 27 September 2022 1:16 am

  Fed’s Bostic: UK tax cuts increase risk of global recession

  

  The UK government’s new fiscal plan increased economic uncertainty and raised the concerns of a global recession, a top official at the US central bank warned after the pound sterling touched an all-time low.Raphael Bostic from US central bank’s Atlanta branch has warned of ‘uncertainty’ after the British pound touched …

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• 26 September 2022 11:44 pm

  USD/CAD restrained below highs in the 1.3800s

  

  The USD/CAD is holding in bullish territory with the US dollar spiking to fresh bull cycle highs. Market volatility has dented the high beta CAD in the face of weaker oil prices.The USD/CAD is up over 1.3% on the day as the pair tries to hold on to near the …

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• 26 September 2022 11:08 pm

  Is modest economic slowdown in the US possible?

  

  Susan Collins, the new president of the Federal Reserve Bank of Boston, said Monday that a higher unemployment rate will be needed to bring down inflation from unusually high levels, but also suggested any economic downturn would likely be modest.In her first speech as Boston Fed president, Collins said the …

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