Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 13 September 2022 5:33 pm

  OPEC sticks to its optimistic forecasts for oil demand growth in 2022 and 2023

  

  OPEC on Tuesday maintained its forecast for strong global oil demand growth in 2022 and 2023, based on indications that major economies are doing better than expected despite unfavorable factors such as rising inflation. The Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report that oil demand …

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• 13 September 2022 4:40 pm

  US annual CPI inflation declined to 8.3% in August

  

  The US Bureau of Labor Statistics reported this Tuesday that inflation, as measured by the Consumer Price Index (CPI), decelerated to 8.3% on a yearly basis in August from 8.5% in the previous month. The reading was slightly above consensus estimates pointing to a decline to 8.1%. The Core CPI, …

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• 13 September 2022 3:16 pm

  UK unemployment hits 48-year low

  

  Unemployment data has just been released in the UK, which reports that the unemployment rate has fallen to its lowest level since 1974 as more people leave the labor market, adding pressure on wages, and threatening to exacerbate the inflation crisis. Data from the Office for National Statistics released today, …

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• 13 September 2022 1:54 pm

  Gold prices stabilize amid anticipation of US inflation data

  

  Gold prices were flat on Tuesday, as cautious investors awaited US inflation data to anticipate how much the Federal Reserve will raise interest rates. And gold prices in spot transactions recorded little change to 1724.19 dollars an ounce by 0729 GMT. Prices reached a two-week high of $1,734.99 on Monday …

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• 13 September 2022 12:27 pm

  Nikkei tracks Wall Street higher ahead of US inflation report

  

  Japan’s Nikkei closed higher on Tuesday, tracking Wall Street’s gains led by video game company Nintendo, even though investors were cautious ahead of a major US inflation report. The Nikkei index ended trading up 0.25 percent at 28,614.63 points, after rising earlier in the session to 28,659.76 points, its highest …

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• 13 September 2022 11:43 am

  Germany’s August inflation slowed to 0.3%

  

  Inflation in Germany slowed down in August to 0.3% versus 0.9% in July, in line with expectations, but on an annual basis, inflation rose to 7.9% in line with expectations, continuing above 7%. The main reason for the rise in inflation remains the high prices of energy and food products, …

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• 13 September 2022 2:12 am

  Market Drivers – US Session – Monday 12/09/2022

  

  Next Friday, tens of thousands of railroad workers are poised to go on strike, potentially bringing a nearly a third of all US freight to a grinding halt. It would be the first national rail strike in 30 years. As the clock ticks, the threat of the work stoppage is …

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• 13 September 2022 1:54 am

  S&P 500, Nasdaq, Dow Entrench Rally Softer Dollar

  

  US indices carried over last week’s improved risk appetite and ended in positive territory on Monday, achieving four consecutive days of gains and reaching their best levels in two weeks. The lack of important data on the economic calendar and the generally quiet session due to the Fed’s blackout period …

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• 13 September 2022 1:35 am

  Ether’s gains outperform bitcoin ahead of CPI data

  

  The advance of Ethereum’s coincides with less than three days away from the eyed Merge transition ahead of the US inflation data for August that is also awaited by traders and investors.Currently trading down more than 3% on the day at $1,728 per coin, Ether outperformed bitcoin in August yet …

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• 13 September 2022 12:17 am

  Several factors contribute to soaring oil prices

  

  The performance of oil price gets firmer during the US session as both WTI and Brent crude benefit from strong risk appetite and exploit today’s weaker US Dollar. Equities in the US have pushed higher over the last week ahead of tomorrow’s CPI data, with traders betting that the peak …

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• 12 September 2022 11:12 pm

  Major Banks: CPI Expected To indicate Some Consumers’ Relief

  

  On Tuesday, key inflation data will be released. The August CPI reading will be closely watched traders and investors, particularly as it is released ahead of the next FOMC meeting on September 20-21. According to analysts, the CPI will show a decline of 0.2% in August, on the back of …

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• 12 September 2022 10:17 pm

  BofA: Gold holds solid ground around $1,700 by end of 2022

  

  Several gold investors were frustrated with gold’s price action so far in 2022 as the prices declined nearly 5%. However, commodity analysts at Bank of America have a slightly more optimistic view of the precious metal.In a report Monday, the analysts said that in the current environment, gold prices are …

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• 12 September 2022 9:27 pm

  Could Russia Run Out Of Cash On Sanctions?

  

  The Russian public budget surplus has significantly fallen in the latest signal that its finances are feeling the pain from sanctions and this is partially why the Kremlin shutting off gas supplies to Europe.The budget surplus narrowed to 137bn roubles (£1.9bn) in the first eight months of 2022, a sharp …

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