Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 16 September 2022 8:40 pm

  Dow Jones Loses 300 points on FedEx warning

  

  US stocks fell Friday as Wall Street headed toward a big losing week, and traders absorbed an alarming warning from FedEx concerning earnings and slowdown of the global economy. The Dow Jones Industrial Average dropped 306 points, or 1%. The S&P 500 and Nasdaq Composite slid 1.2% and 1.6%, respectively.Shares …

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• 16 September 2022 7:50 pm

  Gold could slide further if Fed hikes more than 75 bps

  

  Gold has been trading below the $1,700 mark for three days. Gold is now trading at $1677.15. The Fed policymakers will meet next week, and an increase of 75 basis points is broadly anticipated. Strategists at Commerzbank have examined how the precious metal could react to such a move. “If …

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• 16 September 2022 7:00 pm

  Germany seizes Rosneft’s refinery

  

  Germany took control of a major Russian-owned oil refinery on Friday, risking retaliation from Moscow as Berlin struggles to hold up energy supplies and meet its European Union commitment to cut Russian energy imports by the end of 2022.The economy ministry said it was putting a unit of Russian oil …

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• 16 September 2022 5:54 pm

  European new car sales rise again after 13 months of decline

  

  New car sales in the European Union returned to growth in August after 13 months of decline. Sales increased 4.4% overall and rose in the main markets of Spain, Italy, Germany, and France, although they remained well below pre-pandemic levels, the European Union of car manufacturers said. This year and …

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• 16 September 2022 4:19 pm

  Gold stable near the lowest level in two years

  

  Gold prices stabilized on Friday, near their lowest level in more than two years, and are on track to record their worst weekly performance in two months, after expectations of a large interest rate hike by the Federal Reserve (the US central bank) raised bond yields. Which extinguishes the luster …

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• 16 September 2022 3:05 pm

  Stability in oil prices, despite its tendency to record a weekly decline

  

  Oil prices were largely stable on Friday, but are heading for a weekly decline amid fears of sharp interest rate increases, which is expected to curb global economic growth and fuel demand. Brent crude futures rose 25 cents, or 0.3 percent, to $91.09 a barrel by 0921 GMT, but fell …

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• 16 September 2022 2:22 pm

  Reuters: Russia and Saudi Arabia see $100 a barrel as a fair price for oil

  

  Citing sources familiar with the matter, Reuters reported on Friday that Saudi Arabia and Russia see $100 a barrel as a fair price for oil that the global economy can absorb. “Our focus is straightforward – looking at supplies and demand balances over a period of no less than a …

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• 16 September 2022 1:03 pm

  European shares open lower as recession fears intensify

  

  European shares fell on Friday as recession fears and expectations of a big interest rate hike during the Federal Reserve’s (US Central Bank) meeting next week weighed on sentiment. The pan-European Stoxx 600 index fell one percent moments after the opening bell, bringing its declines this week to more than …

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• 16 September 2022 12:27 pm

  Japanese shares fall, down 2%, affected by recession fears

  

  Japanese stocks fell at the close on Friday and recorded a weekly decline, as fears of a global economic slowdown continued in light of raising interest rates, which led to the decline of Wall Street during Thursday night. The Nikkei index fell 1.11 percent to close at 2,7567.65 points, after …

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• 16 September 2022 9:47 am

  Market Drivers – US Session September 15

  

  Gold price is fighting its own battle against soaring Treasury yields and the rising US dollar. Gold has lost about $40 on the day and hopes for a catalyst to rebound. The market is getting more nervous that the monetary mistake would lead to a severe session for gold like …

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• 16 September 2022 1:03 am

  Shift from ‘soft landing’ to ‘hard landing’ impacting gold

  

  Gold fell nearly $40 from daily highs and hit more than two-year lows under pressure from aggressive rate hike expectations as the US dollar and Treasury yields climbed. The precious metal closed at $1696.79 on Wednesday, and on Thursday was unable to break the $1,700 line, instead the price action …

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• 16 September 2022 12:17 am

  Oil Prices Fall Despite Promising Demand

  

  Oil prices fell on Thursday on demand concerns even after two influential international groups are still defending predictions for strong demand this year and next.Brent crude the international standard, fell 3.7%, to $90.65 a barrel, while West Texas Intermediate the US benchmark, fell 3.9%, to $85.02 a barrel. Both rose …

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• 15 September 2022 11:51 pm

  CAD’s Performance Impacted By Oil Price

  

  Canada’s currency slides to 2-month low on risk aversion, so, the Canadian dollar weakens 0.4% against its American counterpart. The current level touches its weakest since July 14 at 1.3214. The decline comes on Thursday as oil prices fell and the prospect of aggressive tightening by the Fed’s next meeting …

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