Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2023

• 12 January 2023 9:57 pm

  Fed would opt for 25 bps rate hikes after CPI data

  

  Thursday’s inflation reading in the United States accelerated bets and expectations that the Fed will manage a shift from 50 basis points rate hikes to 25 bps hikes. Despite the fact that inflation has clearly slowed earlier in 2022, there are doubt that the FOMC is ready to declare mission …

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• 12 January 2023 8:55 pm

  US stocks edges higher after CPI data

  

  The Dow Jones Industrial Average advanced modestly on Thursday post the December’s consumer price data that came as expected, indicating cooling inflation in the United States.The 30-stock index gained 140 points, or 0.4%. The S&P 500 added 0.1%, while the Nasdaq Composite was little changed.Fed’s Susan Collins said in an …

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• 12 January 2023 8:18 pm

  GBP/USD retreats after US dollar recovers post-CPI losses

  

  The US Dollar tumbled immediately after CPI data, and trims losses after Wall Street opened. Inflation confirms the US economy’s slowdown,In a seemingly volatile session, the US dollar has sharply reversed during the last hour and turned positive across the board. The GBP/USD pair peaked after the US inflation data …

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• 12 January 2023 6:05 pm

  US annual CPI inflation drops to 6.5% in December as expected

  

  The US Bureau of Labor Statistics reported on Thursday that inflation in the US, as measured by the Consumer Price Index (CPI), declined to 6.5% on a yearly basis in December from 7.1% in November. This reading came in line with the market expectation. On a monthly basis, the CPI …

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• 12 January 2023 4:36 pm

  Yen jumps and the dollar stabilizes ahead of US inflation data

  

  The yen received support on Thursday from expectations that the Bank of Japan will review the implications of its easy monetary policy, while the dollar held near a seven-month low against the euro ahead of US inflation data on Thursday. The Japanese yen rose 0.8 percent, to record a session …

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• 12 January 2023 3:23 pm

  European stocks rise as investors await US inflation data

  

  European stocks rose Thursday, January 12, in light of anticipation ahead of the release of US inflation data, which may affect the course of monetary policy in the largest global economy, while Logitech shares fell as sales expectations were cut after the company failed to achieve its quarterly targets. The …

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• 12 January 2023 3:18 pm

  Gold prices rise with the support of the dollar’s decline

  

  Gold prices rose today, Thursday, supported by the decline in the dollar, while investors await US inflation data that may affect the path of the Federal Reserve (US Central Bank) regarding interest rates. And gold in spot transactions increased 0.4% to 1883 dollars an ounce, and US gold futures rose …

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• 12 January 2023 1:21 pm

  Oil stabilizes ahead of US inflation Data

  

  Oil prices were largely steady on Thursday, giving up early gains, as anticipation ahead of the release of US inflation data offset expectations of improving demand in China. Brent crude settled at $82.67 a barrel by 0725 GMT, while US West Texas Intermediate crude fell four cents, or 0.05 percent, …

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• 12 January 2023 12:26 pm

  Japan’s Nikkei is settled ahead of US inflation data

  

  Japan’s Nikkei closed slightly changed on Thursday amid caution ahead of the release of key US inflation data, while bank stocks rose amid speculation the Bank of Japan’s stimulus package could be modified as next week’s policy meeting approaches. The Nikkei ended Thursday’s session up 0.01 percent at 26,449.82 points, …

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• 12 January 2023 12:24 pm

  Coinbase begins with the second round of layoffs!

  

  Cryptocurrency trading platform Coinbase has announced that it intends to lay off 20% of its employees and attributed this layoff to the need to conserve cash in light of the cryptocurrency market downturn, and the platform plans to cut 950 jobs, according to a statement released Tuesday, January 10. Coinbase, …

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• 12 January 2023 5:46 am

  Market Drivers – US Session 11/01/2023

  

  The US Dollar Index has displayed negative performance for the second consecutive day around seven-month low. Dovish comments from Fed officials as well as mixed US data are among factors that do renew hopes for slowing down the pace of rate hiking and this tendency could hamper the DXY. Risk-on …

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• 12 January 2023 5:18 am

  America’s CPI Preview: Forecasts by 10 major banks

  

  The annual CPI is expected to decline to 6.5% from 7.1% in November and see the Core CPI, which excludes volatile food and energy prices, edging lower to 5.7% from 6%. On a monthly basis, the CPI is forecast to stay unchanged while the Core CPI is expected to rise …

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• 12 January 2023 1:58 am

  EUR/USD edges higher on ECB’s comments, weaker US dollar

  

  The EUR/USD pair rallied benefiting from the weaker US dollar and ECB hawkish commentary. The US central bank Chair Jerome Powell’s speech on Tuesday did not provide any guidance concerning the future of the US monetary policy ahead of the awaited Thursday’s US CPI report with estimates at 0% MoM …

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