Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 9 September 2022 10:45 pm

  Bitcoin, Ether Rebound on tech rally, weaker dollar

  

  The crypto market significantly surged amid the stock market’s rally and slight decline of the US dollar, which has been rising sharply in recent weeks. Bitcoin and Ethereum’s rebound led a broader cryptocurrency advance. Bitcoin mining stocks, Bitcoin ETFs and companies heavily invested in crypto also rallied.In Friday afternoon trading, …

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• 9 September 2022 9:57 pm

  Fed’s Waller supports another significant hike in two weeks

  

  Federal Reserve Governor Christopher Waller said on Friday that it was too soon to say whether inflation was moving meaningfully and persistently downward. The US Dollar Index showed no immediate reaction to these comments and was last seen losing 0.6% on a daily basis at 109.00.Additional Quotes“I support another significant …

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• 9 September 2022 9:37 pm

  Could Ethereum’s Merge Disrupt Crypto Trading?

  

  Crypto markets that are linked to Ethereum could face disruption as the blockchain network behind the cryptocurrency nears the end of a key upgrade that is widely viewed as critical.The final stage of Ethereum’s merge is now about a week away. Expected to finish around September 15. The merge will …

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• 9 September 2022 8:41 pm

  Wells Fargo: Dollar to remain strong through the end of 2022

  

  Wells Fargo’s Analysts believe that the strength of the US dollar will continue through the end of 2022. They point out that despite a more aggressive pace of tightening from foreign central banks, they doubt international policymakers will be able to keep pace with the tightening cycle laid out by …

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• 9 September 2022 8:13 pm

  Fed’s George favours steady rate hikes than fast ones

  

  Kansas City Fed President Esther George said on Friday that “A steady path of rate hikes, predictable adjustments based on data could improve market functioning, facilitate balance sheet runoff”.The US Dollar Index showed no immediate reaction to these comments and was last seen losing 0.6% on the day at 109.00.Additional …

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• 9 September 2022 8:05 pm

  AUD/USD retreats from one-week highs

  

  The Australian dollar is one of the top performers on Friday. The AUD/USD pair has retreated from near 0.6880 and found support at 0.6820.The AUD/USD peaked during the European session at 0.6877, the highest level since August 31 and then pulled back amid a stabilization of the greenback. The retreat …

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• 9 September 2022 7:17 pm

  Gold’s sharp reversal indicates difficult recovery

  

  As the US dollar trims losses on Friday amid risk appetite and a rebound in US yields, the Gold Index is hovering around $1710.Gold turned to the downside again after approaching the $1730 area and pulled back sharply toward $1710, erasing daily gains on Friday. The stabilized dollar and rebounding …

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• 9 September 2022 5:49 pm

  Dollar is heading for a weekly decline, euro is rising

  

  On Friday, the dollar is set to record its first weekly decline in four weeks, while a sharp interest rate hike by the European Central Bank led to gains for the euro, while investors await US inflation data due to be published next week. The dollar index, which measures the …

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• 9 September 2022 4:59 pm

  Canada: Unemployment Rate jumps to 5.4% in August

  

  Statistics Canada reported on Friday that the Unemployment Rate in Canada rose to 5.4% in August from 4.9% in July. This reading came in worse than the market expectation of 5%. Further details of the publication revealed that the Net Change in Employment was -39.7K, compared to the market expectation …

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• 9 September 2022 3:36 pm

  A look at the British economy after the death of Queen Elizabeth II

  

  The death of Queen Elizabeth II marks the beginning of a new era for the United Kingdom but one that will be fraught with economic uncertainty and mixed patriotic sentiments. Queen Elizabeth died on Thursday, September 8th, at 96, the longest-reigning monarch of the United Kingdom. Thousands of Britons gathered …

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• 9 September 2022 2:36 pm

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

  

  Gold prices rose more than 1 percent on Friday to its highest level in more than a week as a weak dollar boosted demand for the yellow metal, even as Federal Reserve policymakers pledged to raise interest rates to tame inflation pressures. And gold rose in spot transactions 1.1 percent …

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• 9 September 2022 2:24 pm

  Bitcoin jumps over $20,000

  

  Cryptocurrency Bitcoin crossed the $20,000 mark and is looking to post its best day in six weeks on Friday, as the dollar fell and markets found reasons for optimism at the end of a tough week. Bitcoin, the largest cryptocurrency by market capitalization, rose more than seven percent to $20,796, …

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• 9 September 2022 1:12 pm

  Oil rises on supply support, but is heading for a weekly decline

  

  Oil prices rose on Friday, boosted by investor interest in Russia’s threat to halt oil and gas exports to some buyers, but crude is set for a second weekly decline as demand is affected by large interest rate increases by central banks and the impact of coronavirus-related restrictions in China. …

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