Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2023

• 17 January 2023 12:46 pm

  Oil prices mixed amid weak Chinese economic data

  

  Oil prices were mixed on Tuesday after China posted its weakest annual economic growth in nearly half a century, while a shift in its tough anti-COVID-19 policy in late 2022 raised hopes for a recovery in fuel demand in the world’s largest crude importer this year. Brent crude futures rose …

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• 17 January 2023 3:16 am

  Market Drivers – US Session, January 16

  

  A significant amount of optimism seemed to weaken at the beginning of this quiet week, with US markets closed observing Martin Luther King holiday. The dollar managed to recover ahead of the daily close but ended the day with modest gains against most major rivals, and it is still at …

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• 17 January 2023 1:49 am

  Bitcoin abandons fear zone for first time in 9 months

  

  Bitcoin’s famous Fear and Greed Index moved into the neutral territory over the weekend following several months of persistent fear. On Tuesday, Bitcoin was trading up 2.2% on the day at $21,165m, before sliding to $21138.00, up by (+1.21%) at the time of writing versus the previous closing price of …

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• 16 January 2023 11:22 pm

  NZD/USD holds near strongest levels in a month

  

  The NZD/USD pair is flat into the early close on Wall Street. Traders will look to the Q4 NZIER QSBO survey. The pair moved between a low of 0.6361 and a high of 0.6426, currently flat on the day hovering near its strongest levels in a month.The NZD benefitted in …

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• 16 January 2023 10:37 pm

  WTI crude falls amid thin trading

  

  WTI crude oil retreated below the $80 level and is trading at $79.08 versus the previous closing price of $80.24 per barrel at the time of writing despite the positive comments by UAE energy minister on the sidelines of Atlantic Council’s Global Energy Forum in Abu Dhabi over the weekend.UAE …

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• 16 January 2023 8:45 pm

  Gold approaching record highs as rate hikes approach their end

  

  Gold prices are expected to rise towards record highs above $2,000 per ounce this year, with a little turbulence, as the United States slows the pace of rate hiking and eventually stops increasing them, according to industry analysts.Spot prices of the precious metal have shot above $1,900 an ounce, surging …

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• 16 January 2023 7:31 pm

  ECB’s Rehn: Acting Swiftly Now Can Avoid Volcker Shock

  

  European Central Bank Governing Council member Olli Rehn said frontloading interest-rate increases to eliminate inflation could mean that ECB’s policymakers do not have to take even more drastic action down the line.“By acting swiftly now, we should be able to avoid what is often called a ‘Volcker shock’,” he said …

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• 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 …

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• 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. …

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• 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 …

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• 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 …

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• 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. …

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• 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. …

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