Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2024

• 11 January 2024 7:27 pm

  AUD/USD declines after US CPI data

  

  The AUD/USD saw a loss of 0.30% and dropped below the 0.6700 mark. Declining US CPI in December reduced dovish Fed bets. The pair’s downside is constrained because there is a good chance the Fed will lower rates in March.On Thursday, the Australian dollar declined in value relative to the …

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• 11 January 2024 2:06 pm

  European stocks rise before the release of US inflation data

  

  European stocks opened higher on Thursday before an important report on inflation in the United States will provide indications about the path of interest rate cuts that the Federal Reserve may follow, and shares of basic resource companies led the gains. The European STOXX 600 index rose 0.6 percent by …

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• 11 January 2024 11:59 am

  Dollar Weakens in Asia as Traders Await US Inflation Data

  

  In Asian trading on Thursday, the US dollar experienced a decline, dropping to its lowest level around 102 points as traders awaited crucial US inflation data for insights into the Federal Reserve’s policy direction for the year. Bitcoin surged to $46,400, nearing its highest level in two years, following the …

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• 11 January 2024 11:15 am

  Oil prices rise amid escalating tensions in the Middle East

  

  Oil prices rose in Asian trading as markets assessed the escalating tensions in the Middle East in contrast to the sudden increase in US crude inventories that pushed oil prices down by about 80 cents in the previous session. US West Texas Intermediate crude futures rose 20 cents, or 0.28 …

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• 11 January 2024 2:40 am

  Market Drivers – US Session, Jan 10

  

  The US dollar experienced a corrective move on the back of improved market sentiment surrounding the risk-linked assets, which weighed on the dollar. Both Gold and Silver grinded lower and revisited the lower end of the so-far yearly range prior to the release of US inflation on Thursday.The dollar faced …

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• 11 January 2024 1:58 am

  US stocks higher ahead of US inflation data

  

  US stocks closed higher on Wednesday, with the Dow Jones Index rising over 150 points. The S&P 500 gained 0.57% to end at 4,783.45, while the Dow Jones industrial average added 170.57 points to close at 37,695.73. The Nasdaq Composite advanced 0.75% to settle at 14,969.65. Intuitive Surgical and Lennar …

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• 11 January 2024 1:13 am

  Treasury yields decline ahead of CPI data

  

  While financial markets gear up for a relatively busy year, there persists a state of severe disagreement about the forces driving longer-term interest rates.The range of forecasts for the yield on the 10-year Treasury one year from now is below 3% to above 5%. The yield outlook is mostly dependent …

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• 11 January 2024 12:28 am

  Yen faces selloff following wages data

  

  The Japanese Yen is experiencing a selloff due to a 3% drop in real wages for the year ended November, despite a 0.2% increase in nominal wages. This is due to inflation affecting consumers’ earnings and purchasing power. The Bank of Japan is hinting at rate hikes based on rising …

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• 10 January 2024 11:40 pm

  Oil prices decline after surprise US stockpile build

  

  Oil prices declined on Wednesday due to a surprise increase in US crude stockpiles, raising concerns about demand in the largest oil market. The EIA report highlighted investor concerns of slowing demand growth, with US crude inventories rising by 1.3 million barrels in the week ended January 5 to 432.4 …

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• 10 January 2024 10:13 pm

  Swiss Franc weakens vs Sterling after Bailey’s speech

  

  The Swiss Franc declined against the Pound Sterling for the seventh consecutive trading day, as the Bank of England Governor, Andrew Bailey, testifies before Parliament at the UK Treasury Select Committee. The Dow Jones Industrial Average and S&P 500 are edging higher, marginally aiding the Pound more than the Swiss …

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• 10 January 2024 8:50 pm

  US CPI expectations by 10 major banks

  

  The US Bureau of Labor Statistics will release the most important inflation measure, the US Consumer Price Index (CPI) figures, on Thursday, January 11 at 13:30 GMT. As we get closer to the release time, here are the forecasts by the economists and researchers of 10 major banks regarding the …

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• 10 January 2024 7:53 pm

  EUR/USD steadies amid ECB’s officials’ comments

  

  The EUR/USD pair recovers slightly in anticipation of US CPI release, with ECB members’ statements weighing on the Euro. ECB Vice-President de Guindos hints at possible Eurozone recession, while Schnabel affirms stance on inflation control.EUR/USD traders focus on upcoming US inflation figures and unemployment claims. The Euro pares some of …

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• 10 January 2024 1:29 pm

  European Stocks Dip Amidst Decline

  

  On Wednesday, European stocks experienced a decline, weighed down by a drop in basic resource companies, as investors assessed corporate earnings and awaited crucial US inflation data for insights into the future of interest rates. The European STOXX 600 index slipped by 0.2 percent by 8:15 GMT, with basic resources …

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