Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2023

• 19 January 2023 9:44 pm

  US Debt Ceiling Raises Economic Woes

  

  The US Treasury Department announced the beginning of “extraordinary measures”, meaning a series of accounting measures, and even maneuvers, to avoid breaching the federal governments’ borrowing cap according to a letter to Congress by Treasury Secretary Janet YellenThe Treasury Department will adopt extraordinary measures to allow the federal government to …

  Read More »
• 19 January 2023 8:49 pm

  On day 330 of war, nuclear threats if Russia defeated

  

  Russia on Thursday warned that the Ukraine war will escalate if the West insists on providing Kyiv with longer-range weapons. Since the conflict broke out, the US has sent advanced and high-precision weapons and other military equipment to Ukraine to help the war-torn nation against Russian aggression. The aid included …

  Read More »
• 19 January 2023 7:47 pm

  Are central banks’ gold purchases expected to continue?

  

  Gold price has already touched highest that were last seen in April 2022 above $1,900. The precious metal has a bright outlook in the year ahead.The precious metal is trading at $1918.70 per ounce at the time of writing versus the previous closing price at $19043.70. 2022 was a significant …

  Read More »
• 19 January 2023 6:14 pm

  US: Weekly Initial Jobless Claims decline to 190K

  

  There were 190,000 initial jobless claims in the week ending January 13, data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 205,000 and came in better than the market expectation of 214,000. Further details of the publication revealed that …

  Read More »
• 19 January 2023 5:27 pm

  Novak: Russia’s oil production in January is the same pace as December

  

  The Interfax news agency quoted Russian Deputy Prime Minister Alexander Novak as saying on Thursday that Russian oil production in January did not decline, and that it was proceeding at the same pace as in December.

  Read More »
• 19 January 2023 3:12 pm

  Gold shines as investors evaluate chances of slowing US rate hikes

  

  Gold prices rose on Thursday, as investors assessed the chances of the Federal Reserve slowing the pace of raising interest rates, while the rise of the dollar curbed the gains of the yellow metal. And by 0252 GMT, gold in instant transactions increased 0.1 percent to $ 1906.01 an ounce. …

  Read More »
• 19 January 2023 2:32 pm

  Jacinda Ardern resigns as prime minister of New Zealand

  

  New Zealand’s prime minister, Jacinda Ardern, has said she is resigning, in an unexpected announcement that came as she confirmed a national election for October. At the party’s first caucus meeting of the year on Thursday, Ardern said she “no longer had enough in the tank” to do the job. …

  Read More »
• 19 January 2023 1:44 pm

  European stocks are heading to end their series of gains due to slowdown fears and weak earnings

  

  European stocks were heading on Thursday to halt a series of consecutive gains over six sessions, after lackluster US economic data stoked fears of a global economic slowdown, and investor sentiment was also affected by non-negative European corporate earnings. The pan-European Stoxx 600 index was down 0.6 percent by 0815 …

  Read More »
• 19 January 2023 12:28 pm

  Nikkei index retreating, Yen’s rise is putting pressure on export companies

  

  On Thursday, the Japanese Nikkei index recorded the largest decline in two weeks, retreating from its highest level in a month, with the fading effect of the Bank of Japan’s decision to maintain its stimulus policies, as well as the rise in the yen, which pressured the shares of export …

  Read More »
• 19 January 2023 2:47 am

  Market Drivers – US Session – 18/01/2023

  

  The US Dollar closed with gains against most major rivals, ON Wednesday, reverting earlier losses when it traded at fresh lows. Global yields fell, initially weighing on the US Dollar, later reflecting risk aversion and rising alongside the dollar.Wall Street started the day with modest gains but ended up collapsing, …

  Read More »
• 19 January 2023 1:59 am

  WTI drops 1% as US recession concerns diminish China recovery hopes

  

  Oil prices fell about 1% on Wednesday, abandoning early gains as worries about a probable US recession outweighed optimism that China’s lifting of COVID-19 curbs will fuel demand for crude in the world’s top oil importer.Brent futures fell 94 cents, or 1.1%, to settle at $84.98 a barrel. U.S. West …

  Read More »
• 19 January 2023 12:50 am

  Harker supports Fed’s moving to 25bp rate hikes

  

  Philadelphia Fed’s Patrick Harker, on Wednesday, said that he is willing for the US central bank to move to a slower pace of interest rate hikes as a reaction to some signals that denote how hot inflation is cooling.“High inflation is a scourge, leading to economic inefficiencies and hurting Americans …

  Read More »
• 18 January 2023 11:57 pm

  US Stocks hand back previous gains as January’s rally loses momentum

  

  US Stocks gave back earlier gains on Wednesday as investors put an end to the new year’s rally, now in its third week. The latest reversal could be attributed to a combination of fluctuations as well as skittishness and profit taking.The Dow Jones Industrial Average fell 436 points, or 1.3%, …

  Read More »