Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2023

• 4 January 2023 4:39 am

  GBP/USD trades cautiously ahead of US Manufacturing data

  

  The Dollar Index climbed to near two-week high around 104.65 after a solid recovery from 103.00. The GBP/USD pair has shifted its performance below the psychological support of 1.2000 in the early Asian session. The pair failed in taking control above the 1.2000 mark amid risk aversion. A significant drop …

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• 4 January 2023 1:58 am

  Could it be a different year for Japan’s yen?

  

  The Japanese yen was down slightly on the day at 130.77 after earlier hitting a six-month high of 129.51 against the US dollar. At the time of writing, the USD/JPY pair is trading at 131.32 at the time of writing. The yen’s latest rally followed a Nikkei report on Saturday …

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• 4 January 2023 12:54 am

  Wall Street Grows Worried On Tesla’s Missing Delivery Estimates

  

  Tesla delivered 405,278 vehicles in the fourth quarter of 2022. It is a record result for a quarter, but Wall Street was looking for closer to 420,000 electric vehicles.Fourth quarter deliveries have been disappointing, and Tesla’s shares are dropping while Wall Street analysts are closely watching price targets. Wall Street …

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• 3 January 2023 11:49 pm

  WTI sinks beneath $78.00 on recession woes, stronger dollar

  

  WTI, the US crude oil benchmark retreats more than 3% on Tuesday, due to increased concerns of diminishing demand from China, as the country battles spurring Covid-19 cases amidst increasing worries for a worldwide recession. At the time of writing, WTI is trading at $77.42 per barrel, below its opening …

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• 3 January 2023 10:59 pm

  USD/CHF manages to hold onto strong daily gains

  

  The US dollar has recovered momentum during the US session as market sentiment deteriorates. The Swiss Franc falls across the board, so, the EUR/CHF pair rises toward 0.9900. The pair has best performance in weeks, gains 1.40%. The USD/CHF pair is rising sharply on Tuesday amid a stronger US dollar …

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• 3 January 2023 9:53 pm

  EUR/USD shakes ahead of FOMC Minutes

  

  The US dollar’s strength continues on Tuesday despite the declining Manufacturing PMI data. On the other hand, the Euro extends its losses as a reaction to Germany’s inflation data. So far, the dollar recovered and reached fresh two-week highs, although T-yields retreated.The US Dollar Index climbs close to 1%, at …

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• 3 January 2023 8:43 pm

  Silver sharply advances towards $24.30s

  

  Silver rallied sharply, more than 1.60%, as liquidity conditions improved on Tuesday. The stronger US dollar was no excuse for the Silver Index to print solid gains, bolstered by falling US bond yields.Falling US Treasury yields underpinned the white metal. Wall Street is expected to enjoy a higher open, even …

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• 3 January 2023 7:37 pm

  Germany’s inflationary pressures see no real easing

  

  Data released on Tuesday has showed inflation slowdown in December in Germany more than expected. The Consumer Price Index (CPI) declined to 8.6% in December from 10% in November, but, in fact, core inflation increased further and added inflation will likely surge again in January.German inflation fell sharply from 10.0% …

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• 3 January 2023 7:09 pm

  Bitcoin Edges Closer To $17k Ahead Of FOMC Minutes

  

  Bitcoin moved closer to the $17,000 level on Tuesday, as market volume begins to pick up after new year eve holidays. This development comes as traders turn their attention to Wednesday’s FOMC minutes. At the time of writing, bitcoin trading at $16,653. Ethereum also continued to trade above $1,200 in …

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• 3 January 2023 5:27 pm

  Dollar rises in the first trading sessions in the new year

  The dollar rose on Monday in the first trading sessions in the new year, moving away from its lowest level in six months, which it reached recently, against a basket of major currencies. But this rise came after a recent decline as markets bet that the Federal Reserve will soon …

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• 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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