Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 12 September 2022 7:06 pm

  NY Fed: Consumer inflation expected to fall to 5.75%

  

  The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations showed on Monday that the US consumers’ one-year inflation expectation declined to a new 10-month low of 5.7% in August from 6.2% in July, as reported by Reuters.Consumers’ 3-year inflation expectation declined to the lowest in nearly two …

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• 12 September 2022 6:24 pm

  Market Drivers – European Session 12/9/2022

  

  The UK economy grew during the month of July of 2022 by 0.2%, which came less than expectations that indicated a growth of 0.3%, to get the economy out of a contraction, it suffered in June when the economy recorded a contraction of 0.6%. The services sector recorded an increase …

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• 12 September 2022 5:04 pm

  Oil prices rise as supply uncertainty increases

  

  Oil prices rose on Monday after Iran’s nuclear talks appeared to have reached a dead end and with the implementation of a Russian oil ban imminent, scarce supplies struggled to meet still-strong demand. Brent crude futures rose 88 cents, or 1 percent, to $93.72 a barrel by 1100 GMT. US …

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• 12 September 2022 3:32 pm

  Germany’s Ifo: German economy to contract by 0.3% in 2023

  

  Germany’s Ifo Institute announced on Monday that it revised its 2023 growth forecast to -0.3% from 3.5% in June. The institute further noted that the annual inflation expectation for 2023 was revised to 9.3% from June’s forecast of 6%. For 2022, Ifo now sees the economy growing by 1.6%, down …

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• 12 September 2022 2:27 pm

  Gold is gaining lustre and hitting its highest level in more than a week

  

  Gold prices rose more than 1% on Friday, September 9, to reach their highest level in more than a week, as a weak dollar boosted demand for the yellow metal, even as US Reserve policymakers pledged to raise interest rates to tame inflation pressures. Spot gold rose 1.1% to 1726.80 …

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• 12 September 2022 1:20 pm

  European shares rise at the open, supported by the rise in banking shares

  

  European shares rose at the open on Monday, with banking stocks rising for a third consecutive session on bets that the European Central Bank will raise interest rates dramatically. The pan-European Stoxx 600 index rose 0.2 percent to continue rising after posting its first weekly gain in four weeks on …

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• 12 September 2022 12:37 pm

  Nikkei closes at its highest level in more than two weeks

  

  Japan’s Nikkei index ended Monday’s trading at its highest level in more than two weeks, tracking Wall Street’s strong closing last week, as heavyweights and travel-related stocks led the gains. The Nikkei index closed up 1.16 percent to 28,542.11 points, its highest closing level since August 26. The broader Topix …

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• 12 September 2022 11:36 am

  UK GDP expands 0.2% MoM in July

  

  The UK GDP monthly release showed that the economy rebounded in July, growing at 0.2% vs. 0.5% expectations and -0.6% previous. A Reuters poll of economists had pointed to month-on-month growth of 0.4% in July. Meanwhile, the Index of services (July) came in at -0.2% 3M/3M vs. -0.8% estimate and -0.4% …

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• 12 September 2022 4:18 am

  Financial Markets’ Weekly Recap, September 5-9

  

  With a new trading week, geopolitics could impact financial markets on two fronts, firstly; on the Chinese front, US President Biden is pondering an executive order to screen and restrict US overseas investment in technology development in China. The Chinese embassy in Washington said, Friday, that Beijing opposes the order, …

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• 10 September 2022 3:17 am

  Market Drivers – US Session 09/09/2022

  

  The US dollar slides as investors balance positions ahead of key US inflation data. The dollar fell to a more than one-week low on Friday as investors consolidated gains after a sharp rise against most currencies, ahead of US inflation report that could determine the size of the Fed’s next …

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• 10 September 2022 2:36 am

  Oil surges on supply threats

  

  Oil prices surged about 4% on Friday, boosted by real as well as threatened cuts to supply, although futures posted a second weekly decline as aggressive interest rate hikes and China’s COVID-19 curbs weighed on the demand outlook.Russian President Vladimir Putin has threatened to halt oil and gas exports to …

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• 10 September 2022 1:43 am

  Wall Street, Fed officials push for third 0.75% interest rate hike

  

  Several Wall Street banks raised expectations this week for the Federal Reserve’s next rate hike. Economists at Bank of America, Goldman Sachs, and Nomura now anticipate a 75 basis-point rate increase at their next FOMC meeting, this is up from previous forecasts of a half percentage-point hike.Following remarks by Fed …

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• 9 September 2022 11:14 pm

  US shares boosted by tech, growth stocks on Friday

  

  US shares rose in afternoon trading on Wall Street, on Friday, keeping the market on track to break a three-week losing streak.The S&P 500 rose 1.5% as of 1:50 p.m. Eastern and is up 3.6% for the week. The Dow Jones Industrial Average rose 384 points, or 1.2%, to 32,155 …

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