Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2023

• 31 January 2023 2:25 am

  AUD/USD reacts to risk aversion ahead of Fed’s meeting

  

  The AUD/USD pair has encountered intermediate support around 0.7050, however, more downside seems potential as well amid ongoing risk aversion on the eve of the first day of the Fed’s first policy meeting in 2023. Investors have turned risk-averse ahead of the release of the interest rate policy by the …

  Read More »
• 31 January 2023 1:42 am

  Amazon to lay off 680 workers

  

  Amazon announced on Monday plans to shut down a center complex in Shakopee and lay off 680 employees at the facility which is a rented space and the lease is expiring. The decision will be effective as of March 31. Closure will be permanent at the end of May this …

  Read More »
• 31 January 2023 12:52 am

  Futures Fall Ahead Of Fed Meeting, Big Earnings

  

  Amid widespread risk aversion, Dow Jones futures fell on Monday morning, along with S&P 500 futures and Nasdaq futures, signaling a pullback following big gains in the latest trading sessions. The stock market rally cleared some major resistance last week. The major indexes had solid gains, responding bullishly to uneven …

  Read More »
• 30 January 2023 11:51 pm

  OPEC+ Meeting Preview: What does oil market expect following Russian-Saudi talks on oil strategy?

  

  On Monday’s talks over the phone, Saudi Crown Prince Mohammed Bin Salman and Russian President Vladimir Putin discussed OPEC+ cooperation with particular focus on the necessity to maintain the stability of crude oil prices ahead of a virtual OPEC+ meeting scheduled for Wednesday.Wednesday meeting, which will take place at 1100 …

  Read More »
• 30 January 2023 10:47 pm

  Oil drops ahead of US interest rate decision

  

  WTI crud has dropped by over 1% on the day and is trading around $78.40 at the time of writing after falling from a high of $80.44 and reaching a low of $77.91 so far on the day, ending a bullish start to the year towards month-end and following its …

  Read More »
• 30 January 2023 9:50 pm

  USD/CAD hits fresh daily highs ahead of key data

  

  The US dollar is modestly up amid higher US yields ahead of Fed’s meeting his week and key economic data. Equities and crude oil prices are able to trim previous losses during the US session.The pair is trading at 1.3362 at the time of typing. So far, the USD/CAD pair …

  Read More »
• 30 January 2023 8:52 pm

  Gold price struggles ahead of FOMC meeting

  

  Uncertainty is mastering the scene across financial markets as central banks’ monetary policies are in the making to potentially push the economy worldwide into a recession as a side effect of the battle against hot inflation. Gold prices are slightly lower and silver slightly higher in early US trading session …

  Read More »
• 30 January 2023 7:49 pm

  Does GDP data fgor Q4 indicate start of recession in Germany?

  

  The Preliminary German GDP data, which showed that the Eurozone’s largest economy contracted by 0.2% during the fourth quarter could qualify as an indicator that a recession exists in Germany.This reading was below consensus estimates for a flat reading and the 0.4% growth recorded in the previous quarter and contrary …

  Read More »
• 30 January 2023 5:16 pm

  Philips plans to lay off 6000 employees!

  

  The Dutch company Philips, which specializes in health technology, said on Monday, January 30, that it will cut 6,000 jobs to restore its profitability after withdrawing respirators that stopped 70% of their market value. The company said half of the job cuts will take place this year, while the other …

  Read More »
• 30 January 2023 3:21 pm

  Technology stocks lead the losses in European markets

  

  European stocks fell on Monday amid anticipation ahead of a series of central bank meetings later this week, with interest rate-sensitive stocks such as the technology sector among the main losers. The pan-European Stoxx 600 index was down 0.6 percent by 0818 GMT. The technology index led the declining sectors …

  Read More »
• 30 January 2023 2:12 pm

  Oil is falling before two upcoming meetings of OPEC+ and Fed

  

  Oil prices fell on Monday, giving up previous gains, with the world’s major producers expected to keep production unchanged during an upcoming meeting this week, and as investors warned ahead of a Federal Reserve meeting that could spark market volatility. Brent crude futures fell 20 cents, or 0.2 percent, to …

  Read More »
• 30 January 2023 1:07 pm

  Japan’s Nikkei trailed Wall Street and closed at the highest level in more than a month

  

  The Nikkei index ended trading on Monday at the highest level in more than a month, tracing the impact of gains on Wall Street in the previous session, but what limited those gains was the anticipation of the markets before a meeting of the Federal Reserve and the announcement of …

  Read More »
• 30 January 2023 1:01 pm

  Gold is locked in a relatively narrow range

  

  Gold prices moved in a relatively narrow range on Monday as investors around the world turned their attention to a series of central bank meetings, with particular focus on the Federal Reserve meeting. Spot gold rose 0.2 percent to $1,931.07 an ounce by 0717 GMT. US gold futures rose 0.1 …

  Read More »