Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2023

• 14 January 2023 12:30 am

  Gold is soaring on Fed’s less hawkish tone, falling T-yields

  

  At the time of writing, gold price is hovering around $1,920 on Friday, hit a new 9-month high as investors anticipate the US central bank to adopt a less aggressive stance following Thursday’s softer inflation data. Bets for a 25-bps rate hike by the Federal Reserve lie at a 94.2% …

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• 13 January 2023 11:28 pm

  Consumers Feel More Optimistic Into 2023

  

  Consumers kicked off the new year feeling more optimistic about the US economy, according to preliminary results from the University of Michigan’s consumer survey. The consumer sentiment index rose to 64.6 in the first two weeks of January, rising 8% from the previous reading of 59.7 for December and coming …

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• 13 January 2023 3:14 pm

  Yen rises supported by speculation of a policy adjustment by BoJ

  

  The yen continued to rise, supported by speculation that Japan might adjust its ultra-loose monetary policy, while the dollar approached its lowest level since June against major currencies. The Bank of Japan differs from most central banks in the world by sticking to stimulus while other banks raise interest rates, …

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• 13 January 2023 3:13 pm

  Germany: 2022 preliminary GDP expands 1.9% YoY

  

  Germany’s preliminary Gross Domestic Product (GDP) expanded by 1.9% on an annualized basis in 2022 when compared to the +1.8% market consensus and +2.6% previous, Statistisches Bundesamt Deutschland reported on Friday. Gross domestic product growth came in at 1.9 percent in all of 2022, compared with expectations of 1.8 percent growth …

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• 13 January 2023 1:32 pm

  European stocks rose with the support of healthcare companies and headed for a second weekly gain

  

  European stocks rose on Friday, approaching their highest levels in nine months, supported by the rise in health care stocks and the unexpected growth of the British economy in November, as investors awaited the results of the operations of major US banks. The European STOXX 600 index rose 0.2% by …

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• 13 January 2023 1:30 pm

  Possibilities of a recession in the British economy declined, supported by unexpected growth in November

  

  Britain’s economy caught unexpectedly slight growth in November, after receiving a boost during the soccer World Cup from cafe and pub activity and video game sales, reducing the chances of it already falling into recession despite generally bleaker outlooks for 2023. Data from the Office for National Statistics on Friday …

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• 13 January 2023 12:05 pm

  Japan’s Nikkei falls by more than 1%

  

  The Japanese Nikkei index fell more than 1 percent on Friday, to record its first loss in the last six sessions, and caused more than two-thirds of the decline in Fast Retailing, owner of Uniqlo. Japanese stocks are also under pressure from the yen’s rise to a seven-month high, as …

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• 13 January 2023 11:28 am

  Britain’s economy grew by 0.2% in November on an annual basis

  

  Britain’s economy grew in November on an annual basis by 0.2%, compared to an expected growth of 0.3%. On a monthly basis, real GDP grew by 0.1% in November 2022, after it recorded a growth of 0.5% in October 2022. The services sector grew by 0.2% in November 2022, after …

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• 13 January 2023 11:21 am

  Oil rose more than 1% on US inflation data and optimism about demand

  

  Oil prices rose more than 1 percent on Thursday, extending gains after data showed consumer prices in the United States fell unexpectedly in December, supported by optimism about the demand outlook in China. The US Consumer Price Index fell 0.1%, indicating that inflation is now on a continuing downward trend. …

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• 13 January 2023 11:19 am

  China’s exports and imports decline sharply in December, but its oil imports rise

  

  China’s exports contracted sharply in December as global demand slowed, while imports also fell again as rising coronavirus infections and a sharply slumped real estate sector hit domestic demand, highlighting risks to the Asian giant’s economic recovery this year. Exports were one of the few bright spots in the world’s …

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• 13 January 2023 11:18 am

  Gold is gaining luster as bets of a US interest rate hike decline

  

  Gold prices rose on Friday, heading for a fourth consecutive week of gains, supported by a weaker dollar and expectations of a slower rate hike by the Federal Reserve. Spot gold rose 0.1 percent to $1,898.57 an ounce at 0234 GMT. Its prices have risen 1.8 percent so far this …

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• 13 January 2023 6:48 am

  Market Drivers – US Session 12/01/2023

  

  Almost all financial assets spent the first half of the trading day in a defensive stance, attempting to extend their previous consolidative efforts. Eventually, the release of the US CPI data had other arrangements and another say. Market ignored other positive news, but were there to support the optimism. The …

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• 13 January 2023 4:42 am

  Fed’s Bostic: Comfortable moving at 25 basis points

  

  Fed’s Raphael Bostic said, early Friday, he would be comfortable moving at 25 basis points if conversations with business leaders are consistent with slowing inflation. He said that the signs of slowing wage increases “also positive”.Data showing inflation slowed in December “was really welcome news” that may allow the U.S. …

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