Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 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 …

  Read More »
• 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, …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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. …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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, …

  Read More »
• 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 …

  Read More »