Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2022

• 2 September 2022 8:59 pm

  US shares higher after NFP data

  

  The Dow opened 82.38 points higher on Friday, extending gains recorded in the previous session after major indices reversed earlier losses.Wall Street is in the green territory shortly after the opening bell on Friday as market participants digested August’s all-important nonfarm payrolls data.As of 1515 BST, the Dow Jones Industrial …

  Read More »
• 2 September 2022 7:59 pm

  Bank of Canada could bring rates into restrictive territory

  

  The Bank of Canada will have its monetary policy meeting. Market consensus is for an increase in the key rate to 3.25% next week. Analysts look for the BoC to decide a 75-basis point interest rate hike, bringing rates into restrictive territory. They see little incentive for smaller hikes CPI …

  Read More »
• 2 September 2022 7:17 pm

  Will Fed remain hawkish despite employment slowdown?

  

  The US employment has lost a significant amount of momentum. But some economists still believe that the Fed is expected to stick to its plan despite signs of a weakening. Fed Chairman Powell, in his speech at Jackson Hole, has put the markets on notice that monetary policy will continue …

  Read More »
• 2 September 2022 6:15 pm

  Market Drivers – European Session 2/9/2022

  

  Nonfarm Payrolls in the US rose by 315,000 in August, the data published by the US Bureau of Labor Statistics revealed on Friday. This reading followed July’s increase of 526,000 (revised from 528,000) and slightly better than the market expectation of 300,000. Further details of the publication revealed that the …

  Read More »
• 2 September 2022 4:46 pm

  US Nonfarm Payrolls rise by 315,000 in August

  

  Nonfarm Payrolls in the US rose by 315,000 in August, the data published by the US Bureau of Labor Statistics revealed on Friday. This reading followed July’s increase of 526,000 (revised from 528,000) and came in slightly better than the market expectation of 300,000.  to be updated…

  Read More »
• 2 September 2022 4:32 pm

  Oil rises ahead of OPEC+ meeting

  

  Oil prices rose on Friday, thanks to expectations that the OPEC + cartel will discuss production cuts at a meeting on the fifth of September, but concerns about restrictions to combat Covid-19 in China and the weakness of the global economy continued to limit the gains. By 1140 GMT, Brent …

  Read More »
• 2 September 2022 3:31 pm

  Dollar nears 20-year peak ahead of US employment data

  

  The dollar is set to post a third straight week of gains, approaching a 20-year high against other major currencies, with investors focused on US jobs data to be released later on Friday which could reinforce the trend of big interest rate hikes. The US currency has been rising since …

  Read More »
• 2 September 2022 2:19 pm

  Gold rises with the decline of USD, but it is heading to record the third weekly decline

  

  Gold prices rose on Friday, September 2 as the dollar retreated from its recent peaks. Still, the precious metal faces its third consecutive weekly loss amid expectations that the US Federal Reserve will stick to its hawkish stance in raising interest rates. And gold rose in spot transactions 0.4%, recording …

  Read More »
• 2 September 2022 1:10 pm

  European stocks rise after a volatile week

  

  On Friday, September 2nd, European shares recouped some of the losses they incurred during a turbulent week in which concerns increased about the energy crisis, strong inflation data and expectations of an interest rate hike by the European Central Bank next week. The European Stoxx 600 index rose 0.7%, ending …

  Read More »
• 2 September 2022 12:25 pm

  Japan’s Nikkei hits one-month closing low as chipmakers falter

  

  Japan’s Nikkei recorded its worst week in nearly three months on Friday, while ending the day flat, and was pressured by fears of aggressive rate hikes globally, while a weak yen provided little support. The Nikkei closed down 0.04 percent to 27,650.84 points, and recorded a weekly decline of 3.4 …

  Read More »
• 2 September 2022 4:11 am

  Market Drivers – US Session – Thursday; September 1

  

  September brought some additional recession-related concerns to almost all financial markets, however; the American dollar surged, helped by positive US data and the negative market sentiment.The EUR/USD pair trades around 0.9950, while GBP/USD plunged to 1.1497, now trading around 1.1540. Commodity-linked currencies finished the day mixed, as AUD/USD is down …

  Read More »
• 2 September 2022 3:45 am

  Talks Continue With Tehran’s Constructive Response To US

  

  Proposals Iran sent a constructive response to US proposals concerning efforts to revive the 2015 nuclear pact with global powers according to Iranian Foreign Ministry spokesperson Nasser Kanaani.“The text that was sent by Iran has a constructive approach aimed at finalizing the negotiations”, Kanaani said on early Friday.Iran’s response was …

  Read More »
• 2 September 2022 1:39 am

  Gold struggles ahead of NFP data

  

  At the time of writing, gold trades around $1695.60. in order to defend its stance, Gold attempted to build a fort near $1,690 on Thursday after a steep retreating move. Gold seeks a chance to rebound; such a pullback could push gold above the psychological resistance of $1,700.00.The downtrend will …

  Read More »