Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2023

• 3 January 2023 4:25 pm

  Inflation in Turkey fell to 64.27% in December

  

  Turkey’s annual inflation fell to 64.27 percent in December, official data showed on Tuesday, below expectations, after hitting a 24-year high in October. The Turkish Statistical Institute said consumer prices rose 1.18 percent month-on-month, compared to the 2.7 percent expected in a Reuters poll. On an annual basis, expectations were …

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• 3 January 2023 2:40 pm

  Oil is recovering from early losses

  

  Crude oil prices moved in a narrow range on Tuesday, as expectations about the future of demand were affected by a weekly survey that showed shrinking factory activity in China and the International Monetary Fund’s warning that the global economy will face a difficult year. Brent crude futures recovered from …

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• 3 January 2023 1:20 pm

  Positive industry data gives European stocks a strong start to the new year

  

  European stocks rose on Monday in the first trading sessions of 2023, as eurozone manufacturing data indicated that the worst had passed after a year marred by fears of a recession as central banks around the world raised interest rates. The STOXX 600 rose 1 percent, supported by the stocks …

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• 3 January 2023 2:28 am

  Market Drivers – US Session 02/01/2023

  

  The US Dollar was starting the year higher, advancing against most of its major rival currencies but ended it unevenly across the FX board. The EUR was the weakest, as EUR/USD retreated from the 1.0700 area towards the current 1.0650 price zone, while the AUD was the strongest, with AUD/USD …

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• 3 January 2023 1:50 am

  Retail commodity investors’ fears accelerate about volatility

  

  Though commodities have been the best-performing asset class for two years, according to Bank of America, experts have warned of market volatility as trading volumes of gold, oil, silver and copper have surged Retail investors are attracted to commodity trading after two consecutive years of plentiful returns, despite concerns that …

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• 3 January 2023 12:17 am

  EUR/JPY retreats with expected pressures ahead

  

  The EUR/JPY pair fell below the 140.00 mark as the cross dives below the 200-DMA and the 20-day crosses below the 100-DMA.The EUR/JPY drops 2.40% below the 200-day Exponential Moving Average (EMA) at 140.18, extending its losses to three consecutive trading days, falling since peaking around the last week’s high …

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• 2 January 2023 11:18 pm

  USD/CHF Climbs on broader US dollar’s strength

  

  The USD/CHF pair’s decline has stopped around 0.9200 as a triple bottom emerged. A falling wedge and oscillator flashing selling pressure waning could pave the way for further upside in the pair.The Swiss Franc bounced at around 0.9200 and climbs toward 0.9250s during the US session, which witnessed low liquidity …

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• 2 January 2023 10:02 pm

  NZD/USD falls on Chinese activity slowdown

  

  NZD/USD retraces after hitting 0.6370, as investors’ sentiment is positive on the first day of trading in the new year.Weaker than expected, China’s PMIs would likely hurt the NZD/USD climbing prospects to the 0.6400 area. The New Zealand Dollar also retraces from two-week highs around 0.6370s vs. the US dollar …

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• 2 January 2023 8:45 pm

  EUR/USD struggles around two-week high

  

  The Euro sheds some ground against the US dollar on the first trading day of 2023 amidst thin liquidity conditions in the financial markets. The release of S&P Global PMIs in the Eurozone failed to bolster the shared currency on Monday. At the time of writing, the EUR/USD is trading …

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• 2 January 2023 7:44 pm

  USD/CAD edges higher amid thin market

  

  The US Dollar has regained some momentum and managed to climb against the Canadian counterpart. The USD/CAD pair bounces off nearby the 50-day Exponential Moving Average (EMA) at 1.3532 and rises toward the 20-day EMA, during the first trading day of 2023 in the US session, so, the pair is …

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• 2 January 2023 2:06 pm

  European shares rise in the first trading session in 2023

  

  European stocks rose in the first trading session of 2023 on Monday, after a difficult year marred by fears of a recession sparked by global central banks’ hike in interest rates and the Russia-Ukraine war. The pan-European Stoxx 600 index was up 0.5 percent at 0810 GMT, supported by interest …

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• 2 January 2023 12:25 pm

  Britain bans all imports of Russian gas

  

  The British government announced the termination of all gas contracts with the Russian government, and the British Foreign Office indicated that the decision comes to undermine the Russian war in Ukraine. The United Kingdom’s Foreign, Commonwealth and Development Office announced that it had ended all imports of Russian liquefied natural …

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• 2 January 2023 12:23 pm

  How Could Bitcoin, Ethereum React To Liquidity Pressures in 2023?

  

  Bitcoin and Ethereum prices erased their gains from the overjoyed 2022’s highs under rising selling pressure in the bear market.Economic data in November, followed by December signaled recession in the United States as well as in Europe to apparent levels while the Fed’s stance could continue its hawkish path. Traders …

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