Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 26 September 2022 3:55 pm

  Japan’s forex intervention estimated at $25 billion – Reuters

  

  Citing calculations made by Tokyo money market brokerage firms, Reuters reported on Monday that Japan’s intervention in the foreign exchange market on September 22 is estimated to be around 3.6 trillion yen ($25 billion). Japan’s Ministry of Finance is expected to unveil the amount spent during the intervention on Friday. …

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• 26 September 2022 1:38 pm

  Brent crude falls below $85 a barrel as Dollar rises

  

  Brent crude fell below $85 a barrel Monday, September 26th, as recession fears weighed on the US dollar. Brent crude futures fell to around $84.53 early in the day, before recovering to trade around $85.25, and West Texas Intermediate crude futures also retreated from their lowest levels to trade around …

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• 26 September 2022 12:36 pm

  European Stoxx 600 index falls, Italian shares rise

  

  The pan-European STOXX 600 index fell for the third consecutive session on Monday on fears of an economic slowdown. However, Italian stocks gained after the victory of the right-wing coalition led by Georgia Meloni in the country’s general elections. The index fell 0.3 percent by 0713 GMT, extending its losses …

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• 26 September 2022 11:34 am

  Japanese stocks close lower as recession fears escalate

  

  Japanese stocks closed lower on Monday as investors returned from a long weekend to markets affected by the Japanese authorities’ intervention to support the currency, the collapse of the British pound and increasing recession fears. The Nikkei index fell at close 2.66 percent to 26431.55 points, after falling to 26,424.60, …

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• 26 September 2022 11:32 am

  GBP is at its lowest level, USD benefits from economic fears in Britain

  

  Sterling fell to a record low on Monday as traders scrambled to sell it amid speculation that the new government’s economic plan in London would squeeze public finances to the limit. The sharp drop in sterling helped the dollar index, which measures the performance of the US currency against six …

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• 26 September 2022 11:30 am

  Gold prices fell near their lowest level in two and a half years, as the dollar rose

  

  Gold prices settled near their lowest level in two and a half years today, Monday, affected by the rise in the dollar and with the adoption of a tough stance by major central banks on interest rates to reduce inflation. And the price of gold in spot transactions fell 0.3% …

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• 26 September 2022 11:28 am

  The Turkish lira falls to a record low against the dollar

  

  The Turkish lira fell to an all-time low against the dollar during early trading Monday, September 26, bringing its losses so far this year to more than 28% and continuing its decline after an unexpected interest rate cut last week. The lira price reached 18.4440 against the dollar as of …

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• 26 September 2022 6:53 am

  Financial Markets’ Weekly Recap, September 19-23

  

  Capital controls and currency intervention will be among tools emerging Asians can use if rapid US interest rate hikes and the surging dollar force the risk of falling in a debt crisis. So, it is appropriate and helpful to compose the comprehensive picture of financial assets’ performance, last week from …

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• 24 September 2022 3:33 am

  Market Drivers – US Session 23/09/2022

  

  After FOMC had turned more hawkish on Wednesday, several waves began to sweep across financial markets on Thursday and also on Friday. Some major central banks are not able to cope with the Fed, this is why the US dollar is soaring and continues to strengthen with the Dollar Index …

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• 24 September 2022 2:35 am

  Could gold deteriorate further below $1640?

  

  Gold price stumbled to thirty month low at $1638.90 on Friday before it turned back to trade at $1643 per ounce at the time of writing versus Thursday’s closing price at $1670.95. Volatility in the markets and dramatic FX plays did not leave gold untouched as the precious metal fell …

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• 24 September 2022 2:10 am

  Not Cold Enough War: Could Global Economy Incur Further Pain?

  

  The stock market has experienced two rough weeks, ending recently with a warning from FedEX about an imminent slump in the global economy that sent shares to the red territory.FedEx is but one business among millions of companies across the world, especially in the advanced countries. Transportation stocks are giving …

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• 24 September 2022 12:36 am

  USD/CHF climbs to fresh highs above 0.9800

  

  THE USD/CHF pair has extended its weekly gains to 1.98% after the Fed and SNB monetary policy decisions. The major break above the 0.9600-0.9700 range, registering a fresh weekly high at 0.9851.The pair advanced during Friday’s US session, gaining 0.60%, courtesy of a risk-off impulse spurred by fears of a …

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• 23 September 2022 10:47 pm

  Explainer: Why Has Sterling Been Battered On Friday?

  

  The British government bond yields surged by the most in one day in over three decades on Friday, the pound slid to a fresh 37-year against the American dollar after UK finance minister Kwasi Kwarteng laid out a series of tax cuts in a move that is meant to boost …

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