Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 21 September 2022 10:01 pm

  Breaking: Fed hikes interest rate by 75 bps as expected

  

  The US Federal Reserve on Wednesday announced that it raised the policy rate, federal funds rate, by 75 bps to the range of 3-3.25%. The Federal Reserve was widely expected to stick to the baseline market expectation and raise rates by 75 basis points and refrain from a bigger move …

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• 21 September 2022 9:02 pm

  Euro hit by geopolitics ahead of FOMC decision

  

  The EUR/USD pair dropped further during the American session and bottomed at 0.9865, the lowest level in two weeks, and became just one pip above the YTD low. The pair is trading at 0.9937 at the time of writing.The pair remains near the lows as traders await the FOMC decision. …

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• 21 September 2022 8:44 pm

  Dow surges 100 points as Fed’s decision awaited

  

  US stocks rose on Wednesday as investors await another interest rate hike by the Fed as it fights inflation.The Dow Jones Industrial Average gained 155 points, or 0.51%. The S&P 500 climbed 0.58%, and the Nasdaq Composite added 0.47%.Short-term interest rates were surging in anticipation of the Fed’s next super-sized …

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• 21 September 2022 8:13 pm

  Lithium Prices Rise On Soaring Electric Vehicle Demand

  

  Driven by a surge in Chinese electric-vehicles sales, the sharp rise in lithium as a key commodity for batteries could be a factor that slows adoption of these vehicles on the global level.Lithium carbonate prices in China, the benchmark in the fast-growing market, stand at about $71,000 per tonne, according …

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• 21 September 2022 8:01 pm

  Gold hovers around $1667 ahead of FOMC decision

  

  Gold has benefited from increasing tensions in East Europe. So, gold price snaps two days of consecutive losses and climbs, despite broad US dollar strength, courtesy of increasing tensions between Ukraine and Russia. Investors’ pursuit of safety bolstered the precious metal. At the time of writing, XAU/USD is trading at …

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• 21 September 2022 7:27 pm

  JPMorgan Explores Fed’s Action In Case Of Recession

  

  The Federal Reserve could be forced to cut interest rates in 2023 if a deep recession occurs, according to JPMorgan. This would be a turnaround move by the Fed, considering it has aggressively raised rates in 2022.Potential rate cuts from the Fed would help backstop the stock market in the …

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• 21 September 2022 7:14 pm

  UK’s Truss To Introduce Low-Tax Investment Zones

  

  UK Prime Minister Liz Truss said on Wednesday that her government ponders the proliferation of low-tax investment zones across the country. “Alongside the tax statement that the finance minister will lay out, he’ll also lay out a series of supply-side reforms to make our economy more productive over the long-term, …

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• 21 September 2022 6:53 pm

  August’s US Existing Home Sales Retreat By 0.4%

  

  Existing Home Sales in the United States have declined for the seventh successive month in August to a seasonally adjusted annual rate of 4.8 million.The National Association of Realtors reported on Thursday that “sales were down 0.4% and 19.9% on a monthly and yearly basis, respectively”. “The median existing-home sales …

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• 21 September 2022 6:16 pm

  Market Drivers – European Session 21/9/2022

  

  The British government said on Wednesday it would reduce the wholesale cost of electricity and gas to businesses and businesses to less than half the market price from next month to help ease the burden of soaring energy costs but adding to rapidly rising government spending. The wholesale price of …

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• 21 September 2022 6:00 pm

  The Russian ruble fell to 61.2 against the dollar after Putin announced a partial mobilization of the army

  

  The Russian ruble fell 1% to 61.2 against the dollar on Wednesday after Russian President Vladimir Putin announced a partial mobilization of the army in a speech broadcast on state television. Russian President Vladimir Putin ordered the country’s first military mobilization since World War II, warning the West that if …

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• 21 September 2022 4:46 pm

  Ukraine’s grain exports fell 43% this season

  

  Ukraine’s grain exports have fallen 43.2 percent year on year since the start of the 2022-2023 season to 6.88 million tons, the Ukrainian Ministry of Agriculture said on Wednesday. The country’s grain exports plummeted after the war broke out in February due to the closure of its ports on the …

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• 21 September 2022 3:26 pm

  Gold is gaining momentum after Putin’s statements

  

  Gold rose on Wednesday after Russian President Vladimir Putin announced a partial mobilization of the army in a decision that restored the attractiveness of the yellow metal as a safe haven. Still, the strength of the dollar and the expectation of a US interest rate hike limited the gains. And …

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• 21 September 2022 2:27 pm

  Dollar reaches its highest level in two decades with Putin’s announcement of partial mobilization

  

  The dollar index (DXY00) on Monday fell -0.04%. The dollar also gave up an early advance and fell slightly after stocks recovered from overnight losses and moved higher, which curbed liquidity demand for the dollar. Earlier on Monday, the American currency rose moderately after the 10-year T-note yield climbed to …

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