Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 2 September 2022 11:41 pm

  Powell Between Soft Landing, Hard Landing

  

  Fed Chief Jerome Powell lately curbed his long-lived optimism that policymakers can eventually carry out a soft landing for the US economy. But as signs of a recession accumulate, the Fed’s new objective has changed into avoiding a painful crash.Powell signaled that the Fed will adopt monetary policy tightening for …

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• 2 September 2022 10:31 pm

  Yen Faces Worst Week In Two Decades

  

  The Japanese currency has enjoyed a long safe haven and safe investment status in a financial world with plenty of uncurtaining, but as the yen fell to its lowest level against the US dollar in more than two decades this week, analysts have speculated that its safe haven status may …

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• 2 September 2022 9:07 pm

  G7: Price cap deal on Russian oil agreed

  

  Finance ministers from the G7 announced an agreement Friday to impose a cap on the price importers pay for Russian oil, in a bid to shrink a key source of revenue the Kremlin uses to finance its war in Ukraine.“We seek to establish a broad coalition in order to maximize …

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• 2 September 2022 8:59 pm

  US shares higher after NFP data

  

  The Dow opened 82.38 points higher on Friday, extending gains recorded in the previous session after major indices reversed earlier losses.Wall Street is in the green territory shortly after the opening bell on Friday as market participants digested August’s all-important nonfarm payrolls data.As of 1515 BST, the Dow Jones Industrial …

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• 2 September 2022 7:59 pm

  Bank of Canada could bring rates into restrictive territory

  

  The Bank of Canada will have its monetary policy meeting. Market consensus is for an increase in the key rate to 3.25% next week. Analysts look for the BoC to decide a 75-basis point interest rate hike, bringing rates into restrictive territory. They see little incentive for smaller hikes CPI …

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• 2 September 2022 7:17 pm

  Will Fed remain hawkish despite employment slowdown?

  

  The US employment has lost a significant amount of momentum. But some economists still believe that the Fed is expected to stick to its plan despite signs of a weakening. Fed Chairman Powell, in his speech at Jackson Hole, has put the markets on notice that monetary policy will continue …

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• 2 September 2022 6:15 pm

  Market Drivers – European Session 2/9/2022

  

  Nonfarm Payrolls in the US rose by 315,000 in August, the data published by the US Bureau of Labor Statistics revealed on Friday. This reading followed July’s increase of 526,000 (revised from 528,000) and slightly better than the market expectation of 300,000. Further details of the publication revealed that the …

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• 2 September 2022 4:46 pm

  US Nonfarm Payrolls rise by 315,000 in August

  

  Nonfarm Payrolls in the US rose by 315,000 in August, the data published by the US Bureau of Labor Statistics revealed on Friday. This reading followed July’s increase of 526,000 (revised from 528,000) and came in slightly better than the market expectation of 300,000.  to be updated…

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• 2 September 2022 4:32 pm

  Oil rises ahead of OPEC+ meeting

  

  Oil prices rose on Friday, thanks to expectations that the OPEC + cartel will discuss production cuts at a meeting on the fifth of September, but concerns about restrictions to combat Covid-19 in China and the weakness of the global economy continued to limit the gains. By 1140 GMT, Brent …

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• 2 September 2022 3:31 pm

  Dollar nears 20-year peak ahead of US employment data

  

  The dollar is set to post a third straight week of gains, approaching a 20-year high against other major currencies, with investors focused on US jobs data to be released later on Friday which could reinforce the trend of big interest rate hikes. The US currency has been rising since …

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• 2 September 2022 2:19 pm

  Gold rises with the decline of USD, but it is heading to record the third weekly decline

  

  Gold prices rose on Friday, September 2 as the dollar retreated from its recent peaks. Still, the precious metal faces its third consecutive weekly loss amid expectations that the US Federal Reserve will stick to its hawkish stance in raising interest rates. And gold rose in spot transactions 0.4%, recording …

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• 2 September 2022 1:10 pm

  European stocks rise after a volatile week

  

  On Friday, September 2nd, European shares recouped some of the losses they incurred during a turbulent week in which concerns increased about the energy crisis, strong inflation data and expectations of an interest rate hike by the European Central Bank next week. The European Stoxx 600 index rose 0.7%, ending …

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• 2 September 2022 12:25 pm

  Japan’s Nikkei hits one-month closing low as chipmakers falter

  

  Japan’s Nikkei recorded its worst week in nearly three months on Friday, while ending the day flat, and was pressured by fears of aggressive rate hikes globally, while a weak yen provided little support. The Nikkei closed down 0.04 percent to 27,650.84 points, and recorded a weekly decline of 3.4 …

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