Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 6 September 2022 10:28 pm

  AUD/USD sharply falls despite RBA’s rate hike

  

  The AUD/USD pair falls from weekly highs at around 0.6830s due to increased odds of an aggressive Fed hike.On the US front, the ISM Non-Manufacturing activity for August surprisingly exceeded estimations, easing US recession worries whereas Australia’s GDP for the Q2, quarterly and yearly, is eyed on Wednesday’s Asian session.The …

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• 6 September 2022 9:19 pm

  Wall Street Dives In The Red Territory

  

  Wall Street’s main indexes closed lower on Tuesday, the first session after the US Labour Day holiday and summer vacations, as traders assessed fresh economic data in volatile trading. A lot of uncertainty and volatility is not coming from the US; it’s actually coming from overseas.The tech-heavy Nasdaq (.IXIC) suffered …

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• 6 September 2022 8:32 pm

  UK new prime minister will cut taxes

  

  In a speech delivered on Tuesday, incoming British Prime Minister Liz Truss said that she will cut taxes to reward hard work, as reported by Reuters.As for the market’s reaction, the GBP/USD pair showed no immediate reaction to these remarks and was last seen rising 0.25% on the day at …

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• 6 September 2022 7:42 pm

  Dow Jones rises in volatile session as data digested

  

  US shares maintain mixed performance on Tuesday in a volatile trading environment at the US session.The Dow Jones Industrial Average gained 93 points, or 0.30%, climbing off lows of the day boosted by defensive shares such as Johnson & Johnson and Coca-Cola. The S&P 500 rose 0.29% and the Nasdaq …

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• 6 September 2022 7:00 pm

  European markets surge as economic challenges assessed

  

  The European markets cautiously surged on Tuesday as investors continued to assess recession risks in the continent. The pan-European Stoxx 600 added 0.5% by mid-afternoon, with retail stocks climbing 2.8% to lead gains as most sectors nudged into positive territory.Oil and gas stocks were the most obvious as they were …

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• 6 September 2022 6:19 pm

  ISM Services PMI Reading Surges In August

  

  Economic activity in the services sector surged in August for the twenty seventh month in a row, with the Services PMI registering 56.9 percent according to the US purchasing and supply executives in the latest “Services ISM Report On Business”.The report was issued on Tuesday by Anthony Nieves, Chair of …

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• 6 September 2022 6:06 pm

  The yen continues to decline against USD and Pound clings to its early gains

  

  The Japanese yen, sensitive to interest rate moves, continued to decline on Tuesday, breaking the 142 barrier against the dollar, while the pound and the euro tried to recover from multi-year lows against the dollar the day before, but the euro failed to do so. The dollar rose 1.07 percent …

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• 6 September 2022 4:58 pm

  Gazprom: Signing an agreement with China to pay for Russian gas in national currencies

  

  Russia’s Gazprom said on Tuesday it had signed an agreement to transfer payments for Russian gas supplies to China into yuan and rubles instead of dollars. Gazprom CEO Alexey Miller said allowing payments in Russian rubles and Chinese yuan would mutually benefit Gazprom and CNPC and set an example for …

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• 6 September 2022 4:02 pm

  Oil is falling as concerns about demand return

  

  Oil prices fell on Tuesday after a two-day rally, as concerns returned over weak demand and the possibility of raising interest rates, as crude gave up the support it got from the first cut in production targets announced by OPEC + since 2020. New closures to curb the outbreak of …

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• 6 September 2022 3:59 pm

  European shares rise in morning trading

  

  European shares rose on Tuesday, after a difficult start to the week as concerns about a looming energy crisis and recession weighed on risk appetite. The Stoxx 600 index rose 0.5%, moments after the start of trading, and is heading to recover from a loss of 0.6% in the previous …

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• 6 September 2022 1:56 pm

  The rise of gold with the decline of the dollar and the increase in demand for safe havens

  

  Gold prices rose on Tuesday, as the pause in the dollar’s rally and the energy crisis in Europe prompted some investors to buy the safe-haven metal. And gold rose in spot transactions 0.5% to $ 1718.30 an ounce, by 0648 GMT. Prices rose earlier by about one percent to their …

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• 6 September 2022 12:52 pm

  Yen fell to its lowest level in 24 years

  

  The dollar held a breath on Tuesday after a sharp rally. Still, it hit a 24-year high against the interest rate-sensitive Japanese yen, as US monetary policy tightens and the gap with low-interest rates in Japan widens. The yen plunged to 140.97 per dollar, its lowest level since 1998, and …

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• 6 September 2022 12:13 pm

  Japan’s Nikkei closes higher after losing 4 sessions

  

  Japan’s Nikkei on Tuesday halted a four-session losing streak as investors returned to buy shares, buoyed by gains in Fast Retailer stock. The Nikkei index rose 0.02 percent to 27626.51 points after falling to negative territory for moments, while the broader Topix index fell slightly by 0.11 percent to 1926.58 …

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