Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 28 September 2022 2:59 pm

  USD is at its highest level in 20 years and the sterling is under pressure

  Nervous financial markets pushed the dollar to a two-decade high on Wednesday, Sept. 28, as rising interest rates around the world fueled recession fears. The pound slid further after recent warnings about Britain’s tax cut plans. The US dollar index rose by about 0.5% to a new record level at …

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• 28 September 2022 1:35 pm

  European stocks fall at the open on increasing recession fears

  

  European shares opened lower on Wednesday, led by heavy selling in Asian markets as the escalating energy crisis in the region and the continued rise in global bond yields fueled fears of a recession. The European Stoxx 600 index fell 0.8 percent by 0707 GMT, to continue its decline for …

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• 28 September 2022 12:54 pm

  Japan’s Nikkei closes near 3-month low, hit by recession fears

  

  Japan’s Nikkei index ended trading on Wednesday near its lowest level in three months, as mounting fears of a global recession weighed on Wall Street on Tuesday evening and a media report that Apple Inc. abandoned plans to produce more iPhone phones, dented sentiment. The Nikkei fell 1.5 percent to …

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• 28 September 2022 12:00 pm

  The World Bank approves $512 million for housing and infrastructure in Turkey

  

  The World Bank said on Wednesday it had approved $512.2 million in financing for Turkey to boost the resilience of the housing and infrastructure sectors to climate change and natural hazards. The bank said in a statement that $338.5 million of the financing would be used to develop new affordable …

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• 28 September 2022 11:26 am

  Gold falls as dollar rises, bond yields rise to multi-year highs

  

  Gold prices fell on Wednesday as the dollar and US Treasury yields rose to multi-year highs after hawkish comments from Federal Reserve officials boosted expectations of a sharp interest rate hike. By 0404 GMT, spot gold fell 0.3 percent to $1,624.12 an ounce, close to the two-and-a-half year low of …

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• 28 September 2022 3:16 am

  Market Drivers – US Session 27/09/2022

  

  The US dollar has further benefited from the recession-linked woes. Early Tuesday, the dollar received a further push from better-than-expected US data, on the contrary, Wall Street exhibited poor performance amid sour market sentiment.US bond yields started the day retreating from multi-year highs, picking up after the US session’s opening …

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• 28 September 2022 2:35 am

  EUR/USD around 20 year lows

  

  The EUR/USD is pressured and teasing two-decade low marked earlier in the week. Russia’s Nord Stream gas pipeline leaks, in the Baltic Sea, renewed fears about Europe’s energy crisis, and at the same time raised recession-linked fears. The EUR/USD pair holds lower grounds around the yearly bottom marked on Monday, …

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• 28 September 2022 1:49 am

  EU warns of suspected Nord Stream sabotage

  

  European Commission chief Ursula von der Leyen on Tuesday said the leaks of the Nord Stream pipelines were caused by sabotage.The EU’s official also warned of the “strongest possible response” should active European energy infrastructure be attacked.Ursula von der Leyen spoke to Danish Prime Minister Mette Frederiksen on the sabotage …

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• 28 September 2022 1:07 am

  Bitcoin fails to hold $20K after Powell’s remarks

  

  Bitcoin price is attempting to recapture $20,000 as support failed, the most famous cryptocurrency is trading at $19,045, namely below $19,100 but data still reveals some positive news. Earlier on Tuesday, markets briefly flashed green as equity markets bounced back from Monday’s pullback, bringing the Bitcoin price back to the …

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• 28 September 2022 12:38 am

  Gold intraday gains challenge remarks by Fed

  

  Gold is trading at $1629.30 per ounce at the time of writing versus Monday’s closing price of $1622.15. Gold price is relatively higher on the day as markets head into the close of Wall Street. The yellow metal gained ground on Tuesday as bulls moved in at the lowest levels …

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• 27 September 2022 11:23 pm

  Could taming inflation cost millions of US lost jobs?

  

  Fed Chair Jerome Powell warned that taming inflation would mean some “pain” to US households and businesses. So far, the pain materialized in retreating stock values and higher borrowing costs business investments, and credit-card purchases. But the pain could also include surging unemployment, and the consequences thereof.Fed’s newly aggressive rate-hikes …

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• 27 September 2022 10:45 pm

  USD/CAD fluctuates amid negative market sentiment

  

  The USD/CAD pair edges up but it earlier on the day it was still below the Year-To-Date highs at around 1.3730s, afterwards, it is trading at 1.34447 at the time of writing. Truth to say that US economic data was positive, supportive of the Fed’s current policy stance.The US CB …

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• 27 September 2022 9:41 pm

  US shares abandon earlier gains on Fed official’s remarks

  

  More pain for equities seems to constitute a new status quo. Wall Street’s main indexes sank deeper Tuesday after earlier rally in stocks on positive economic data. The latest retreat comes after Fed policymakers defended more interest rate hikes even at the risk of slowing economic growth.The benchmark S&P 500 …

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