Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 6 September 2022 5:04 am

  Market Drivers – US Session – September 5

  

  The US dollar started the week with positive performance against most major rival currencies, although a Federal holiday in the US maintained volumes at their lows and major pairs within limited intraday ranges.On Monday, Moscow decided to cut energy to Europe until Western sanctions are lifted. Germany announced it will …

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• 6 September 2022 2:38 am

  Could Iran’s Nuclear Talks Make Real Progress?

  

  Iran’s minister of petroleum Javad Owji said the world needed more Iranian oil, and that his country was ready to play a role in providing it away from politics, the Iranian oil ministry’s news agency SHANA reported on Monday.On Monday also, Iran’s foreign minister held a phone call with his …

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• 6 September 2022 1:33 am

  US Dollar Index Surges On Labour Day

  

  The US dollar has continued to surge since the beginning of the weekly trading coinciding with the Labor Day holiday in the United States.The US dollar is soaring on end of last week’s employment data that came in overall agreement with the path expected by the Fed with regard to …

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• 5 September 2022 11:41 pm

  Gold slides from daily highs, but hovers around $1710 level

  

  Gold price hardly slides 0.13%, weighed by higher US Treasury bond yields and the strength of the US dollar.Gold price losses some of its brightness at the beginning of the week, down by 0.49%, in a thin liquidity trading day, with US markets, closed in the observance of Labour day. …

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• 5 September 2022 11:00 pm

  Moscow won’t resume gas supplies to EU until sanctions lifted

  

  On Monday, the Kremlin blamed western sanctions for failure to deliver gas through Nord Stream 1 pipeline. Russia’s Gazprom announced last weekend that the suspension of gas supplies at Nord Stream 1 would be extended indefinitely, citing ‘malfunctions’ along the pipeline. Russia will not resume its natural gas supplies to …

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• 5 September 2022 10:10 pm

  Bank of Canada to deliver a 75 bps hike on Wednesday

  

  The Bank of Canada is expected to issue its latest monetary policy decision on Wednesday. A rate hike of 75 basis points is widely expected. Analysts believe that central bank will slow down the pace of its rate hikes after this September’s meeting, only taking the policy rate to 3.75% …

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• 5 September 2022 9:18 pm

  Boosted by commodities, FTSE 100 ends higher

  

  The British FTSE 100 index ended slightly higher on Monday as commodity stocks achieved notable gains. Investors looked ahead to the appointment of Liz Truss as Britain’s new prime minister against a deteriorating economic background.The commodity-heavy FTSE 100 ended 0.1% higher, after falling as much as 1.2% earlier in the …

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• 5 September 2022 8:17 pm

  BoE’s Mann comments on gradual rate hikes

  

  Bank of England BoE policymaker Catherine Mann said on Monday that the of increase rate gradual pace has not sufficiently tempered expectations.BoE Chief Economist Huw Pill also argued that a fast and forceful tightening potentially by a hold or reversal was superior to a gradualist approach.Mann noted that “Long-term expectation …

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• 5 September 2022 7:25 pm

  Macron: France supports common gas purchase at EU level

  

  French President Emmanuel Macron announced EU member states could satisfy gas storage targets, having 92-93% of the storage capacity already filled.Macron’s statements came after his phone talks with German Chancellor Olaf Scholz. Markets paid little attention to these comments and EUR/USD was last losing 0.3% on the day at 0.9920.Additional …

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• 5 September 2022 6:04 pm

  Market Drivers – European Session 5/8/2022

  

  A European Commission spokesman said on Monday that Russia could pump more gas to Europe via other routes after the Nord Stream 1 pipeline was shut down, but Moscow chose not to. “If there is a technical problem that hinders supplies via Nord Stream 1, it is possible, if there …

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• 5 September 2022 5:09 pm

  OPEC + agrees to cut oil production by 100,000 barrels per day in October

  

  In its most recent ministerial meeting, the OPEC group decided to reduce oil production by 100,000 barrels per day, compared to the increase approved during the last meeting. The OPEC + ministerial meeting confirmed the negative impact of volatility and low liquidity on the current oil market, and the need …

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• 5 September 2022 4:13 pm

  Iran Announces Readiness to Supply Part of Europe’s Energy Needs in Cold Winter

  

  Iranian Foreign Ministry Spokesman Nasser Kanaani said on Monday that Iran is asking the International Atomic Energy Agency to stop its investigations into Iran’s nuclear activity, noting that this was one of Iran’s conditions for reviving the joint nuclear agreement. The spokesman said in a press statement that Iran is …

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• 5 September 2022 2:48 pm

  Eurozone Sentix Investor Confidence deteriorates to -31.8 in Sept

  

  The Eurozone Sentix Investor Confidence index came in at -31.8 in September from -25.2 in August vs. -27.5 expected. The index snapped its recovery amid mounting recession fears. The current situation in the eurozone dropped to -31.8 points in September from -25.2 in August. An expectations index tumbled to -37.0, …

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