Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Interviewed by Dubai TV, Monday, Mohamed Hashad, the Head of Research and Development at Noor Capital and the member of the US Association of Technical Analysts, commented on the most important developments in global financial markets on the first day of the current trading week, with a special focus on …
Read More »Market Drivers – US Session 17/01/2023
US stocks traded within a tight range on Tuesday after contrasting Q4 earning reports from investment banks Goldman Sachs and Morgan Stanley, while China unveiled disappointing annual GDP data. Wall Street’s S&P 500 edged 0.2 per cent lower, supported by rising prices for energy and banking companies, while the tech-heavy …
Read More »Yellen, China’s vice premier meet on economic ties
US Treasury Secretary Janet Yellen will meet Chinese Vice Premier Liu He in Switzerland on Wednesday to exchange views on economic ties, global economic developments and talks are expected to focus on means to deepen communication between the world’s two largest economies.Yellen’s first face to face meeting with Liu stems …
Read More »Earnings drop drags Wall Street lower
US stocks traded within a tight range on Tuesday after contrasting Q4 earning reports from investment banks Goldman Sachs and Morgan Stanley, while China unveiled disappointing annual GDP data.Wall Street’s S&P 500 edged 0.2 per cent lower, supported by rising prices for energy and banking companies, while the tech-heavy Nasdaq …
Read More »Yen expected to soar if BoJ decides on additional YCC adjustment
The critical Bank of Japan policy decision that is broadly awaited by investors on Wednesday could lift the Yen as much as 5%, according to analysts and economists.The BoJ meeting poses further upside risks to the JPY. If the BoJ decides on further YCC adjustment, we estimate that the Yen …
Read More »Ahead of BoJ’s policy decision, USD/JPY fluctuates around 128.50,
Amid risk-off impulse, and speculations for the Bank of Japan quitting its policy stance, the USD/JPY is struggling. USD/JPY attempts to hold on its earlier gains as the US session begins, though it’s retracing after hitting daily highs of 129.16 before the Wall Street open. The US dollar is giving …
Read More »Oil prices are at a two-week high supported by expectations of a recovery in Chinese demand
Oil prices rose to a two-week high on Tuesday after China reported weak economic growth data that beat expectations, supported by hopes that Beijing’s change in policy to combat COVID-19 will boost fuel demand. By 1224 GMT, Brent crude futures rose $1.14, or 1.4 percent, to $85.60 a barrel. West …
Read More »Sterling rose with the growth of wages in Britain and the yen near the highest level in 7 months
The British pound rose on Tuesday after data showed that wage growth in Britain, which the Bank of England watches closely to determine the pace of interest rate hikes, accelerated again. The yen held near its highest levels in seven months, with investors holding their breath in anticipation of a …
Read More »The acceleration of wage growth in Britain raises the Bank of England’s concern about inflation
The pace of wage growth in Britain, which the Bank of England monitors closely to determine the pace of interest rate hikes, accelerated in the three months to November, official data showed on Tuesday. Wages excluding bonuses rose 6.4% year-on-year in the September-November period, the biggest increase since records began …
Read More »European stocks stabilize after Chinese data raised concerns about the economy
European stocks stabilized on Tuesday, after investor fears of an economic slowdown after China recorded its weakest annual growth rate in nearly 50 years outweighed gains in industrial stocks. And by 0815 GMT, the European Stoxx 600 index was stable, after reaching a nine-month high in the previous session. Asian …
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