Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 1 September 2022 11:53 am

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

  

  Japan’s Nikkei hit its lowest closing level in a month on Thursday, weighed down by losses in chip-related stocks after Nvidia was hit overnight by a US order to halt sales of the top artificial intelligence chip maker to China. The Nikkei fell 1.53 percent to close at 27,661.47 points, …

  Read More »
• 1 September 2022 3:34 am

  Market Drivers – US Session – August, 31

  

  Gold is lacking momentum at the moment as prices trend lower towards $1,700 an ounce, but some analysts still believe that chances for further downside are limited.Gold prices are modestly down on Wednesday but off lows. During the US session, gold briefly rebounded from the one-month low at $1,709 and …

  Read More »
• 1 September 2022 3:01 am

  Gold Deteriorates To $1708

  

  Gold is lacking momentum at the moment as prices trend lower towards $1,700 an ounce, but some analysts still believe that chances for further downside are limited.Gold prices are modestly down on Wednesday but off lows. During the US session, gold briefly rebounded from the one-month low at $1,709 and …

  Read More »
• 1 September 2022 1:52 am

  Yellen: Failure To Agree On Russian Oil Price Cap Disastrous

  

  US Treasury Secretary Janet Yellen warned that a failure to place a price cap on Russian oil would hurt the global economy. “Without a price cap, we face the threat of a global energy price spike if the majority of Russian energy production gets shut in,” Yellen said, on Wednesday.The …

  Read More »
• 1 September 2022 12:46 am

  USD Under Some Pressure Ahead Of Critical NFP

  

  As August comes to an end, and markets get prepared for September, historically the worst month for some financial assets, the US dollar is under some pressure at month end and ahead of the critical US Non Farm Payrolls data, but globally speaking, the focus is still on the expectations …

  Read More »

August, 2022

• 31 August 2022 11:58 pm

  Global Risk Of Weaponizing Chips

  

  On the ninth of August, US President Biden signed the CHIPS Act that analysts fear could be the starting point of wider weaponization of the global IT supply chains.The CHIPS and Science Act of 2022 includes a $52 billion package to boost semiconductor manufacturing in the US, however, the underlying …

  Read More »
• 31 August 2022 11:14 pm

  GBP/USD pressured on Stronger USD

  

  The GBP/USD pair is bleeding on Wednesday following a brief recovery versus the stronger dollar. At the time of writing, GBP/USD is trading at 1.1609 and is recording a 0.4% loss on the day.The sterling pierced the psychological 1.16 round level and faces its worst month since late 2016 against …

  Read More »
• 31 August 2022 10:35 pm

  EUR/USD’s Parity Shifts Attention To Natural Gas

  

  The Euro bids farewell to previous months’ heavy losses. The shared European currency tends to be stabilizing against the US dollar. The EUR/USD hovers around 1.0057 after reaching new week highs.On Monday and Tuesday; however, the EUR/USD pair reclaimed parity and is hesitantly moving towards key resistance level. The Euro, …

  Read More »
• 31 August 2022 9:26 pm

  Can Wall Street Avoid Fourth Day Of Losses?

  

  US stocks are generally struggling to put an end to the three-day losses. Traders and investors are still busy digest monetary policy signals and comments by the Fed speaks.Any economic downturn would give the Fed reason to ease up its rate hiking stance. Stocks have been subject to heavy selloff …

  Read More »
• 31 August 2022 8:38 pm

  Gold rebounds as T-yields hold downtrend

  

  Gold prices modestly retreated on Wednesday. During the US session, the Gold Index rebounded from the one-month low at $1,709 and rose to $1,723. The precious metal is hovering around $1,720 and trades at $1718.40 per ounce at the time of writingUS treasury yields fell on Wednesday. Following the August …

  Read More »
• 31 August 2022 7:48 pm

  Renewed Demand Concerns Still Dragging Oil Lower

  

  WTI crude oil price is down for the second successive day. At the time of writing, the American crude is trading between $90.35 and $90.45 per barrel.Earlier on the day, crude price probed below $90 per barrel. Observers and economists cite pressures by accelerating concerns about the global economy’s slowdown, …

  Read More »
• 31 August 2022 7:10 pm

  US Private Payrolls Grew Below Expectation in August

  

  Private sector companies added only 132,000 jobs in August. The latest ADP reading, released on Wednesday, indicates a slower pace of hiring after months of robust strong growth in the labour market. August’s reading is far below market expectations standing at 225,000 jobs. There is a shaded zone on the …

  Read More »
• 31 August 2022 6:15 pm

  Market Drivers – European Session 31/8/2022

  

  The euro slipped back below par against the dollar on Wednesday. They extended its decline for the third consecutive month as the deepening energy crisis fuels recession fears, while the European Central Bank pushes ahead with interest rate hikes. Russia on Wednesday halted gas supplies from the Nord Stream 1 …

  Read More »