Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2023

• 13 January 2023 11:18 am

  Gold is gaining luster as bets of a US interest rate hike decline

  

  Gold prices rose on Friday, heading for a fourth consecutive week of gains, supported by a weaker dollar and expectations of a slower rate hike by the Federal Reserve. Spot gold rose 0.1 percent to $1,898.57 an ounce at 0234 GMT. Its prices have risen 1.8 percent so far this …

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• 13 January 2023 6:48 am

  Market Drivers – US Session 12/01/2023

  

  Almost all financial assets spent the first half of the trading day in a defensive stance, attempting to extend their previous consolidative efforts. Eventually, the release of the US CPI data had other arrangements and another say. Market ignored other positive news, but were there to support the optimism. The …

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• 13 January 2023 4:42 am

  Fed’s Bostic: Comfortable moving at 25 basis points

  

  Fed’s Raphael Bostic said, early Friday, he would be comfortable moving at 25 basis points if conversations with business leaders are consistent with slowing inflation. He said that the signs of slowing wage increases “also positive”.Data showing inflation slowed in December “was really welcome news” that may allow the U.S. …

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• 13 January 2023 3:04 am

  Could Treasury Yield Predicts Fed’s Next Moves?

  

  One lesson traders and investors are urged to learn is that the bond market is often almost correct; particularly two-year Treasury note. Its direction is of high consideration for those who are interested in knowing about the direction of the Federal Reserve’s actions.   US Treasury yields fell on Thursday …

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• 13 January 2023 2:36 am

  Nord Stream back to headlines with Russian Accusations To Sweden

  

  In 2022, leaks were spotted in the Nord Stream 1 and 2 pipelines, presumably caused by explosions that Sweden investigated to later conclude it was likely the result of serious sabotage, and now Russia is complaining that Sweden is hiding something and unwilling to share its investigation’s findings. Russia accused …

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• 13 January 2023 1:15 am

  Survey: OPEC+ Output Increased By 140,000 Bpd In December

  

  The combined crude oil output by OPEC+ group rose by 140,000 barrels per day (bpd) to 42.71 million bpd in December, but the cartel was still 1.8 million bpd below its target, according to the Platts survey by S&P Global Commodity Insights. Russia’s output was almost unchanged, while Nigeria saw …

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• 12 January 2023 10:51 pm

  BoE’s Mann: UK inflation dynamic looks pretty robust

  

  Bank of England policymaker Catherine Mann said on Thursday that the underlying UK inflation dynamic looks pretty robust.”Households and firms see 4% inflation in the years ahead”, she said, adding that “you have a lot of different ways of looking at it. My reading is we’re not there yet”.Mann voted …

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• 12 January 2023 9:57 pm

  Fed would opt for 25 bps rate hikes after CPI data

  

  Thursday’s inflation reading in the United States accelerated bets and expectations that the Fed will manage a shift from 50 basis points rate hikes to 25 bps hikes. Despite the fact that inflation has clearly slowed earlier in 2022, there are doubt that the FOMC is ready to declare mission …

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• 12 January 2023 8:55 pm

  US stocks edges higher after CPI data

  

  The Dow Jones Industrial Average advanced modestly on Thursday post the December’s consumer price data that came as expected, indicating cooling inflation in the United States.The 30-stock index gained 140 points, or 0.4%. The S&P 500 added 0.1%, while the Nasdaq Composite was little changed.Fed’s Susan Collins said in an …

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• 12 January 2023 8:18 pm

  GBP/USD retreats after US dollar recovers post-CPI losses

  

  The US Dollar tumbled immediately after CPI data, and trims losses after Wall Street opened. Inflation confirms the US economy’s slowdown,In a seemingly volatile session, the US dollar has sharply reversed during the last hour and turned positive across the board. The GBP/USD pair peaked after the US inflation data …

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• 12 January 2023 6:05 pm

  US annual CPI inflation drops to 6.5% in December as expected

  

  The US Bureau of Labor Statistics reported on Thursday that inflation in the US, as measured by the Consumer Price Index (CPI), declined to 6.5% on a yearly basis in December from 7.1% in November. This reading came in line with the market expectation. On a monthly basis, the CPI …

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• 12 January 2023 4:36 pm

  Yen jumps and the dollar stabilizes ahead of US inflation data

  

  The yen received support on Thursday from expectations that the Bank of Japan will review the implications of its easy monetary policy, while the dollar held near a seven-month low against the euro ahead of US inflation data on Thursday. The Japanese yen rose 0.8 percent, to record a session …

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• 12 January 2023 3:23 pm

  European stocks rise as investors await US inflation data

  

  European stocks rose Thursday, January 12, in light of anticipation ahead of the release of US inflation data, which may affect the course of monetary policy in the largest global economy, while Logitech shares fell as sales expectations were cut after the company failed to achieve its quarterly targets. The …

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