Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 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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• 27 September 2022 8:40 pm

  Fed’s Bullard downplays recession risk on US level

  

  Speedy US rate hikes raised the risk of recession, but it is likely to be caused by an outside shock rather than from the collapse of the American economy that remains robust according to statements by St. Louis Fed president James Bullard.Bullard said, at an economic forum in London, that …

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• 27 September 2022 7:41 pm

  CB Consumer Confidence Index rises in September

  

  Consumer sentiment in the United States has continued to improve throughout September, meanwhile, the US Dollar Index rebounded to the 114.205 area with the initial reaction to the data.With the initial reaction, the US Dollar Index extended its recovery and was last seen posting small daily losses at 114.02.Tuesday’s data …

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• 27 September 2022 7:02 pm

  BoE’s Pill expects important move in November

  

  The Bank of England is expected to decide an important policy response to finance minister Kwasi Kwarteng’s financial plan embodying tax cuts but, the central bank could wait until its next scheduled meeting in November before making such a move according to BoE Chief Economist Huw Pill.The British pound gathered …

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• 27 September 2022 5:47 pm

  US Housing Price Index falls 0.6 in July

  

  U.S. house prices fell in July for the first time in two years, as the market underwent a “forceful deceleration” due to rising borrowing costs and a slump in consumer confidence. The monthly data published by the US Federal Housing Finance Agency showed on Tuesday that the Housing Price Index …

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• 27 September 2022 4:37 pm

  US Durable Goods Orders declined in August

  

  Durable Goods Orders in the US declined by 0.2%, or by $0.6 billion, monthly in August to $272.7 billion, the monthly data published by the US Census Bureau revealed on Tuesday. This reading came in better than the market expectation for a decrease of 0.4%. The US Dollar Index showed …

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• 27 September 2022 3:52 pm

  Bitcoin and Ethereum Jump 6% as Market Reaches $1 Trillion

  

  Cryptocurrency markets witnessed a sudden upward movement in the early hours of Tuesday as the price of Bitcoin (BTC) again reclaimed the $20,000 level. The leading cryptocurrency, which traded below $19,000 on Monday, is up 6.4% over the past day, and is currently trading at a 10-day high of $20,199, …

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• 27 September 2022 2:53 pm

  Pounds rebounds as focus shifts to Bank of England

  

  The British pound rebounded on Tuesday, but its trading was mostly built on hope, profit taking and higher British yields, leaving traders anxious about the broader implications of its record decline. With the dollar weakening, sterling rose by one percent in Asia to $1.0805, up nearly five percent from Monday’s …

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