Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 30 September 2022 11:18 pm

  GBP/USD heads to weekly gains on end of September flows

  

  The GBP/USD pair is expected to finish the week with gains close to 3%, despite the UK’s bond crisis. The US PCE reading increased the likelihood of the Fed going 75 bps as Fed officials reinforced their hawkish stance.The GBP/USD pair is recovering from earlier losses as the US session …

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• 30 September 2022 10:05 pm

  EUR/USD Back below parity on US hot PCE data

  

  The EUR/USD pair is tripping down ahead of the end of the week, end of the month and end of Q3. The US Fed officials continued with their “restrictive policy” stance, agreeing that further hikes are coming.US Core PCE surpassed analysts’ expectations, paving the way for another 75 bps rate …

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• 30 September 2022 9:03 pm

  Analysts expect Euro to remain below parity

  

  Analysts believe the EUR/USD pair is moving to the downside over the next months at a more gradual speed. They have a target of 0.95 in a twelve months perspective. Fundamentally, the US could continue to be a higher interest rate market and equities continue to appeal to foreign investors. …

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• 30 September 2022 8:19 pm

  Wall Street Performs Mixedly On Inflation Report

  

  Stocks are having a mixed performance on Friday as traders looked to close out an awful week that brought the S&P 500 to a new 2022 low. The S&P 500 was up 0.55%. The Dow Jones Industrial Average gained 52 points, or 0.18%, while the Nasdaq Composite was 1.02% higher. …

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• 30 September 2022 7:38 pm

  ECB’s Visco: worsened economic outlook cause for concern

  

  European Central Bank (ECB) must continue to raise rates even though long-term inflation expectations remain anchored, ECB Governing Council member Ignazio Visco said on Friday.These comments don’t seem to be having a noticeable impact on the shared currency’s performance against its rivals. As of writing, EUR/USD was down 0.2% on …

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• 30 September 2022 5:18 pm

  An unexpected drop in inflation in France for the second month

  

  Data on Friday showed inflation in France unexpectedly slowed for the second consecutive month in September, deviating from the trend in its neighbor Germany and the broader eurozone, supported by a slowdown in the rise in energy and services prices. France’s annual inflation rate fell to 6.2 percent in September …

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• 30 September 2022 5:17 pm

  Gold is nearing its worst quarterly drop in 18 months due to higher interest rates

  

  Gold prices, which rose on Friday as the dollar fell, are close to posting their worst quarterly drop since March last year, as central banks around the world stick to tight monetary policies. And gold rose in spot transactions on Friday 0.3 percent to $ 1665.99 an ounce by 1029 …

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• 30 September 2022 3:16 pm

  Oil prices are heading for weekly gains, with the possibility of OPEC + reducing production

  

  Oil prices are heading for their first weekly gain in five weeks on Friday, supported by the decline in the US dollar and the possibility of the OPEC + group agreeing to reduce crude production when it meets on the fifth of October. Brent crude futures for November rose 95 …

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• 30 September 2022 1:43 pm

  The euro and sterling rise at the calm end of a volatile week

  

  The euro and the British pound rose to a one-week high on Friday, bolstered by moves from the Bank of England to reassure the markets and indications that the European Central Bank is tightening monetary policy as foreign exchange markets regained some calm at the end of a volatile week. …

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• 30 September 2022 12:31 pm

  Turkish Statistical Institute: Trade balance deficit jumped 160% in August

  

  Data published by the Turkish Statistical Institute on Friday showed that the country’s foreign trade balance deficit rose 159.9% year-on-year to $11.19 billion in August, affected by a 40.4 percent rise in imports. The data indicated that imports amounted to $32.53 billion, while exports rose by 13.1 percent to $21.34 …

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• 30 September 2022 12:29 pm

  European shares jump at the end of a turbulent quarter

  

  European shares rose on Friday on the last day of trading from a turbulent quarter in which stocks were hit hard as investors worried about the impact of monetary policy tightening on economic growth and corporate profits. The pan-European Stoxx 600 index rose 0.8 percent by 0713 GMT, boosted by …

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• 30 September 2022 11:33 am

  Japan’s industrial production rises more than expected in August

  

  According to official data, Japan’s industrial production grew by 2.7% in August compared to July, marking the third consecutive month of growth. This number clearly exceeded expectations for a 0.2% increase in a Reuters poll. Retail sales jumped 4.1% in August from a year ago, topping Reuters’ forecasts for a …

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• 30 September 2022 11:24 am

  UK Q2 GDP improved to 0.2% QoQ

  

  UK’s final reading of the second quarter (Q2) Gross Domestic Product (GDP) offered a positive surprise on early Friday. That said, the Q2 GDP improved to 0.2% QoQ versus -0.1% previous forecasts while the YoY figures increased to 4.4% versus 2.9% prior estimations. Further details suggest that the UK’s Q2 …

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