Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 21 September 2022 6:53 pm

  August’s US Existing Home Sales Retreat By 0.4%

  

  Existing Home Sales in the United States have declined for the seventh successive month in August to a seasonally adjusted annual rate of 4.8 million.The National Association of Realtors reported on Thursday that “sales were down 0.4% and 19.9% on a monthly and yearly basis, respectively”. “The median existing-home sales …

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• 21 September 2022 6:16 pm

  Market Drivers – European Session 21/9/2022

  

  The British government said on Wednesday it would reduce the wholesale cost of electricity and gas to businesses and businesses to less than half the market price from next month to help ease the burden of soaring energy costs but adding to rapidly rising government spending. The wholesale price of …

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• 21 September 2022 6:00 pm

  The Russian ruble fell to 61.2 against the dollar after Putin announced a partial mobilization of the army

  

  The Russian ruble fell 1% to 61.2 against the dollar on Wednesday after Russian President Vladimir Putin announced a partial mobilization of the army in a speech broadcast on state television. Russian President Vladimir Putin ordered the country’s first military mobilization since World War II, warning the West that if …

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• 21 September 2022 4:46 pm

  Ukraine’s grain exports fell 43% this season

  

  Ukraine’s grain exports have fallen 43.2 percent year on year since the start of the 2022-2023 season to 6.88 million tons, the Ukrainian Ministry of Agriculture said on Wednesday. The country’s grain exports plummeted after the war broke out in February due to the closure of its ports on the …

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• 21 September 2022 3:26 pm

  Gold is gaining momentum after Putin’s statements

  

  Gold rose on Wednesday after Russian President Vladimir Putin announced a partial mobilization of the army in a decision that restored the attractiveness of the yellow metal as a safe haven. Still, the strength of the dollar and the expectation of a US interest rate hike limited the gains. And …

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• 21 September 2022 2:27 pm

  Dollar reaches its highest level in two decades with Putin’s announcement of partial mobilization

  

  The dollar index (DXY00) on Monday fell -0.04%. The dollar also gave up an early advance and fell slightly after stocks recovered from overnight losses and moved higher, which curbed liquidity demand for the dollar. Earlier on Monday, the American currency rose moderately after the 10-year T-note yield climbed to …

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• 21 September 2022 1:37 pm

  Oil prices rise more than 2% as Putin announces partial military mobilization

  

  Oil prices jumped more than 2 percent on Wednesday after Russian President Vladimir Putin announced a partial military mobilization, escalating the war in Ukraine and raising fears of further oil and gas shortages. Brent crude futures rose $2.28, or 2.5 percent, to $92.90 a barrel by 0707 GMT, after falling …

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• 21 September 2022 1:01 pm

  European shares decline as Putin’s announcement reinforces the atmosphere of ambiguity

  

  European shares fell at the open on Wednesday, pressured by Russia’s decision to announce a partial military mobilization, which added to investor concerns about the US central bank’s third interest rate hike later on Wednesday. The pan-European Stoxx 600 index fell 0.3 percent, with most of its sub-sectors declining. The …

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• 21 September 2022 12:29 pm

  Japan’s Nikkei closes at a two-month low

  

  Japanese stocks on Wednesday hit their lowest close in more than two months, tracking Wall Street and Asian bourses, as investors awaited monetary policy meetings from the Federal Reserve and the Bank of Japan this week. The Nikkei index closed down 1.36 percent to record 27,313.13 points, the lowest closing …

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• 21 September 2022 3:48 am

  Market Drivers – US Session 20/09/2022

  

  The American dollar advanced on Tuesday amid prevalent risk aversion. US government bond yields soared to support the dollar’s performance all day long, as the 2-year Treasury yield touched its highest in fifteen years ahead of the Fed’s policy decision.The yield on the 10-year Treasury note is now at 3.56% …

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• 21 September 2022 3:34 am

  Fed’s Hawkish Stance Like Dancing On A Tightrope

  

  Fed Chair Jerome Powell has said that “pain” could be required to suppress high inflation, implying that the Fed is willing to accept a recession in order to cool inflation. This is why Wednesday’s interest rate hike is more like dancing on a tightrope with a potential risk of dragging …

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• 21 September 2022 2:51 am

  Senators Call For More Sanctions On Russian Oil

  

  On Tuesday, Democratic and Republican senators asked for imposing secondary sanctions on international banks to strengthen a price cap G7 countries plan to impose on Russian oil over Moscow’s invasion of Ukraine.The news adds momentum to the prevalent risk aversion and exerts downside pressure on the AUD/USD prices but fails …

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• 21 September 2022 1:55 am

  WTI retreats again ahead of the Fed’s rate decision

  

  WTI crude oil was under more pressure on Tuesday ahead of the decision by FOMC meeting that has already started on Tuesday. Traders are in anticipation of another rate hike of US interest rates to encounter high inflation. WTI was down by some 0.9% trading around $84.25 having fallen from …

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