Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 22 September 2022 5:30 pm

  Weekly Initial Jobless Claims rise to 213K

  

  There were 213,000 initial jobless claims in the week ending September 17, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 208,000 (revised from 213,000) and came in better than the market expectation of 218,000. Further details …

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• 22 September 2022 4:28 pm

  Gold trims its losses as dollar declines

  

  Gold prices pared losses on Thursday as the dollar retreated from a two-decade high, although pressure continued on the precious metal amid rising US bond yields and hawkish comments on interest rate hikes from the Federal Reserve. And gold fell in spot transactions 0.2 percent, recording 1670.40 dollars an ounce …

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• 22 September 2022 3:30 pm

  BOE hikes policy rate by 50 bps to 2.25% as expected

  

  Following its September policy meeting, the Bank of England (BoE) announced that it raised the policy rate by 50 basis points (bps) to 2.25%. Although this decision aligned with the market expectation, futures markets were pricing in a strong chance of a 75 bps hike. The GBP/USD pair meets with a …

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• 22 September 2022 2:59 pm

  The yen rises after Japan intervened to support the currency for the first time since 1998

  

  The Japanese yen rose sharply Thursday, September 22, after authorities intervened in the foreign exchange market for the first time since 1998 to prop up the tumbling currency. The dollar fell to 140.31 yen, and fell in the last trading 1.2% to 142.37 in highly volatile transactions. The yen also …

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• 22 September 2022 2:08 pm

  SNB hikes interest rates by 75 basis points

  

  The Swiss Central Bank raised interest rates Thursday, September 22, by 75 basis points for the second time in a row during the third quarter of 2022, to levels of 0.5% from -0.25%. The rise came by 75 basis points to -0.25% on June 16, which was the first rate …

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• 22 September 2022 1:25 pm

  Oil prices recover after falling on US rate hike

  

  Oil prices rebounded on Thursday after falling 1% in the previous session, as fears of tight supplies in the winter outweighed fears of a global recession. Brent crude futures rose 15 cents, or 0.2 percent, to $89.98 a barrel by 0657 GMT, offsetting losses in early Asian trade. US West …

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• 22 September 2022 12:40 pm

  European shares open lower after US interest rate hike

  

  European shares started lower on Thursday, with technology shares leading the decline, after the US Federal Reserve announced another big increase in interest rates and signaled further increases in its battle to contain rising inflation. The Stoxx 600 index fell 1.5 percent by 0707 GMT, and the German DAX lost …

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• 22 September 2022 2:54 am

  Market Drivers – US Session 21/09/2022

  

  The dollar solidified its gains after the Fed triggered volatility and sour market sentiment across the board. As anticipated, the US central bank hiked the benchmark rate by 75 bps to 3.25%, while policymakers maintained their determination to bring inflation down to the 2% target. US Treasury yields soared. The …

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• 22 September 2022 1:32 am

  US dollar touches two-decade high on Fed’s decision

  

  The dollar soared to two-decade high on Wednesday after the Federal Reserve raised interest rates by another 75 basis points signaling more large increases at its coming meetings.The dollar’s gains were limited since the Fed decision was widely expected. Since US rates will be higher for longer, the trend remains …

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• 22 September 2022 12:26 am

  Dow closes lower after the Fed’s decision

  

  Stocks fell in volatile trading Wednesday after the Federal Reserve raised rates by 75 basis points and forecast more sizable rate hikes ahead in its fight to tame surging inflation.The Dow Jones Industrial Average slid 522.45 points, or 1.7%, to close at 30,183.78. The S&P 500 shed 1.71% to 3,789.93, …

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• 21 September 2022 11:21 pm

  Powell: Core PCE inflation readings are not where we wanted to be

  

  FOMC Chairman Jerome Powell has commented on the policy outlook after the Federal Reserve’s decision to raise the policy rate by 75 basis points to the range of 3-3.25% following the September policy meeting.Key Quotes“There is a fairly large group that would see 100 bps by year-end”.“Median policymaker sees 125 …

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• 21 September 2022 10:55 pm

  Powell: No one knows if we will get a recession

  

  FOMC Chairman Jerome Powell comments on the policy outlook after the Federal Reserve’s decision to raise the policy rate by 75 basis points to the range of 3-3.25% following the September policy meeting.Key quotes“Plausible that job openings could come down without as much of increase in unemployment”.“Longer run inflation expectations …

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• 21 September 2022 10:21 pm

  Stocks Dip, T-Yields Gain After US Interest Rate Hike

  

  The major US stock averages retreated, reversing earlier gains, after the Fed announced its third consecutive 0.75-percentage-point interest-rate increase. The two- and 10-year U.S. Treasury yields rose to 3.581 up by some +0.17% after the announcement.Following is how the US indexes are performing versus five minutes before the rate policy …

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