Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2023

• 16 January 2023 5:19 pm

  Russia’s revenues from oil and gas increased in 2022

  

  Russian Deputy Prime Minister Alexander Novak said today, Monday; Russia’s revenues from crude oil and natural gas increased by about 28% in 2022, in addition to an increase in oil exports by 7% and oil production by 2%. Also, Novak mentioned that Russia’s production and exports of liquefied natural gas …

  Read More »
• 16 January 2023 5:18 pm

  Toyota to produce 10.6 million cars globally in 2023, biggest output

  

  Toyota Motor Corp. said Monday it aims to produce as many as 10.6 million vehicles in 2023, which could be its highest output. The Japanese auto giant added, however, that the final figure could be as much as 10 percent lower due to potential disruptions in the supply of parts. …

  Read More »
• 16 January 2023 5:14 pm

  Sability of USD after falling to its lowest level in 7 months

  

  The dollar started the week on the decline, hitting a seven-month low against a basket of major currencies in Asian trading, and the yen was in focus as traders increased bets on the Bank of Japan adjusting its policy to control its bond yields further. The euro hit a new …

  Read More »
• 16 January 2023 2:48 pm

  Rise of European stocks, supported by the healthcare sector

  

  European shares rallied on Monday, supported by gains in the healthcare sector that helped the main index extend its sizable gains so far into the new year, while Britain’s FTSE 100 hovered near a record high. The pan-European Stoxx 600 rose 0.1 percent in early trading, supported by a 0.8 …

  Read More »
• 16 January 2023 1:18 pm

  Cargo ship from Ukraine grounded in Istanbul’s Bosphorus Strait, traffic halted

  

  The cargo ship MKK 1, traveling from Ukraine to Turkey, was grounded in Istanbul’s Bosphorus Strait on Monday and traffic in the strait was suspended but no damage was reported, shipping agents Tribeca said. Several tugs were among vessels sent to provide assistance to the ship, the coastguard authority said. …

  Read More »
• 16 January 2023 12:30 pm

  Gold is holding near a 9-month high, thanks to hopes of slowing interest rate hikes

  

  Gold prices stabilized after rising to their highest levels in nearly nine months on Monday, as a weaker dollar and expectations of a slower Federal Reserve interest rate hike added to the yellow metal’s appeal. The price of gold in instant transactions was 1918.66 dollars an ounce at 0548 GMT. …

  Read More »
• 16 January 2023 11:33 am

  Nikkei closes at its lowest level in more than a week

  

  Japan’s Nikkei index closed at its lowest in more than a week on Monday, as the yen’s rise weighed on exporters and investors bet that the Bank of Japan may have to adjust its stimulus policies this week at the earliest. The Nikkei closed Monday’s session down 1.14 percent to …

  Read More »
• 16 January 2023 10:34 am

  Asian shares rise, yen climbs as BOJ battles bond bears

  

   Asian shares firmed on Monday as optimism about China’s reopening offset concerns the Bank of Japan (BOJ) might temper its super-sized stimulus policy at a pivotal meeting this week, while a holiday in U.S. markets made for thin trading. The yen climbed to its highest since May after rumours swirled …

  Read More »
• 16 January 2023 9:23 am

  Oil is declining, but it is hovering near the highest level in 2023

  

  Oil prices fell in early Asian trade on Monday, but held near their highest levels since the beginning of the year amid optimism that demand for fuel will increase in China, the world’s largest crude importer, after the reopening of borders and the easing of restrictions imposed to combat Covid. …

  Read More »
• 16 January 2023 5:39 am

  Financial Markets’ Weekly Recap, January 9- 13

  

  This weekly recap is tracing key developments across most financial assets during the previous trading week that witnessed the release of the CPI data in the United States and improved risk appetite benefiting some assets while impacting others:US DollarThe dollar was slightly lower against most of its G10 counterparts to …

  Read More »
• 14 January 2023 3:40 am

  Market Drivers – US Session 13/01/2023

  

  The US Dollar Index (DXY), which measures the buck’s performance against a basket of six rivals, erases its earlier gains, down 0.04%, at 102.201. During the session, the USD/CHF cleared the 20-day EMA at 0.9293 and cleared the 0.9300 mark. Nevertheless, as the dollar weakened, the major retreated those gains …

  Read More »
• 14 January 2023 2:36 am

  USD/CAD’s rally stalled on perplexed US dollar

  

  The USD/CAD pair finished Friday’s session with gains, though it hesitated to go past the 1.3400 mark. The pair is trading at 1.3393 at the time of writing. The USD/CAD prolonged its weekly losses and tumbled for the fourth consecutive week, losing 0.36%, but on the day, the USD/CAD is …

  Read More »
• 14 January 2023 1:28 am

  US Stocks had biggest midday moves on Q4 earnings

  

  Shares of JPMorgan, which is the biggest US bank by assets, surged more than 2% after the firm posted Q4 profit and revenue that topped expectations. The New York-based bank said profit jumped 6% from the year earlier period to $11.01 billion, or $3.57 per share. Interest income at the …

  Read More »