Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2023

• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 2 January 2023 11:15 am

  The People’s Bank of China extends trading hours on yuan for foreigners

  

  China has announced an extension of trading hours for foreigners on the yuan with the aim of supporting the currency’s popularity. Trading on the yuan will close at 3 am local time instead of 11:30 pm, starting on January 3, according to the People’s Bank of China. This decision comes …

  Read More »
• 1 January 2023 11:33 pm

  Financial Markets’ Weekly Recap, December 26-30

  

  For the last three days of trading in the previous week, most trading has been done amid thin market, namely with the number of buyers and sellers at a minimum. This brought about significant volatility and low liquidity.Volatility was on the rise during the last hour of trading of the …

  Read More »

December, 2022

• 30 December 2022 11:45 pm

  Wall Street set to close tough year in the red territory

  

  Wall Street was dragged lower by losses in growth and healthcare equities during the final trading day of a tough year, which was marked by aggressive stance and recurrent interest-rate hikes to keep inflation under control in addition to the ongoing Russia-Ukraine war and recession woes.The losses made communication services, …

  Read More »
• 30 December 2022 9:05 pm

  Natural gas leads 2022 commodities rally

  

  Natural gas markets were expected on Friday to end 2022 with strong gains after a global energy crisis triggered by the Russia-Ukraine war stoked prices, and tighter supplies expected in 2023 could fuel more gains.On the other hand, industrial metals, iron ore and rubber are edging lower and expected to …

  Read More »
• 30 December 2022 8:02 pm

  Gold unable to consolidate above $1,820

  

  Gold prices are able to print new highs on Friday, but have difficulties holding above the $1,820 level, while silver hits fresh lows. Volatility prevails during the final hours of 2022 across financial markets.Gold prices are hovering around $1,820 about to end 2022 practically flat for an eventful year. On …

  Read More »
• 30 December 2022 1:18 pm

  Nikkei index closed flat and recorded its first annual loss in 4 years

  

  On Friday, Japan’s Nikkei index gave up early gains to close flat ahead of the New Year holidays and post its first annual loss in four years. The index ended trading stable at 26094.50 points, after rising 0.9 percent earlier in the session, tracing the impact of the gains seen …

  Read More »
• 30 December 2022 11:49 am

  Oil is about to end 2022 on a high after a turbulent year marred by tight supplies

  

  Oil prices rose on Friday and were on course for the second year in a row, albeit small, in a year marked by tight supplies due to conflict in Ukraine, a strong dollar and weak demand from China, the world’s biggest crude importer. Brent crude futures were up 44 cents, …

  Read More »
• 30 December 2022 11:12 am

  Gold loses its luster for the second year

  

  Gold prices stabilized on Friday, but were set to incur a loss for the second year in a row, as the Federal Reserve’s hike in interest rates severely weakened the attractiveness of non-yielding bullion. Spot gold rose 0.2 percent to $1,818.19 an ounce at 0540 GMT. US gold futures fell …

  Read More »