Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 1 September 2022 7:07 pm

  EUR/USD falls below 0.9920 on positive US data

  

  The EUR/USD pair has collapsed by 1% after upbeat US economic data. The pair breaks below parity, extending its losses after hitting on Wednesday a weekly high at 1.0079.Better than expected US S&P Global and ISM Manufacturing PMI further support Fed’s rate hiking stance and even a jumbo 75 bps …

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• 1 September 2022 4:28 pm

  OPEC + Joint Technical Committee expects a deficit in 2023

  

  A document seen by Reuters on Thursday showed that the OPEC + joint technical committee expects a deficit in the oil market in 2023 of 300,000 barrels per day. The committee, which held a meeting on Wednesday, expected demand to fall short of supply by 400,000 barrels per day this …

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• 1 September 2022 3:07 pm

  Gold falls below $1,700 under pressure from sharp interest rate hike bets

  

  Gold prices fell briefly below the $1,700 key level on Thursday for the first time in six weeks as major central banks tightened monetary policy to combat inflation, curbing demand for the non-yielding yellow metal. Spot gold fell 0.4 percent to $1,704.70 an ounce by 0917 GMT, after touching $1,699.30 …

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• 1 September 2022 2:18 pm

  The yen hits its lowest level against the dollar in 24 years

  

  The dollar rose broadly on Thursday, September 1st, especially against the yen, as investors geared up to get higher interest rates in the US, while not expecting Japanese rates to move. The dollar hit a 24-year high of 139.69 against the yen in early Asian trade, up 0.5% from yesterday’s …

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• 1 September 2022 1:54 pm

  Oil prices continue to decline amid concerns about demand

  

  Oil prices continued declining in Thursday’s trading, with the rise of the dollar and increasing concerns about demand, in addition to the reduction of the joint technical committee of OPEC + its forecast for the excess oil supply during this year. In China, closures will be imposed in the city …

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• 1 September 2022 12:47 pm

  Gold falls towards $1,700

  

  The fall of the safe haven gold continued to head towards $1700 despite the lull in the dollar’s rallies that are still hovering near the 109 levels, but the crazy hikes in the two-year bond yields continue to raise concerns about recession fears. On the other hand, US bonds did …

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• 1 September 2022 12:23 pm

  European shares hit 7-week low as interest rate hike fears grow

  

  European shares started September sharply lower, as concerns about sharp increases in interest rates and record inflation rates in the region pushed the STOCK 600 index to its lowest level in seven weeks Thursday 1 September. The European index fell for the fifth consecutive day, falling 0.8% by 0715 GMT. …

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• 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, …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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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 …

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