Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2023

• 20 January 2023 11:58 am

  Dollar is near its lowest level in 7 months

  

  The US dollar hovered near seven-month lows on Friday as fears of an economic slowdown dampened risk appetite, while the yen weakened even as speculation mounted that the Bank of Japan will eventually abandon its ultra-loose monetary policy. The dollar index, which measures the performance of the greenback against six …

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• 20 January 2023 9:59 am

  Oil is rising thanks to hopes of a slowdown in rate hikes

  

  Oil prices rose on Friday on optimism that the Federal Reserve will end the monetary tightening cycle, boosting the economy and supporting fuel demand. By 0113 GMT, Brent crude futures for March delivery rose 48 cents, or 0.6 percent, to $86.64 a barrel, while US crude prices increased 54 cents …

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• 20 January 2023 9:35 am

  Gold is heading towards a fifth weekly rise, amid bets on slowing rate hikes

  

  Gold prices stabilized on Friday, but were heading for gains for the fifth week in a row, as the weakness of the dollar and hopes of a slowdown in raising US interest rates boosted the attractiveness of the yellow metal, which represents a safe haven. And by 0308 GMT, gold …

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• 20 January 2023 2:32 am

  Market Drivers – US Session 19/01/2023

  

  The US Dollar exhibited negative performance on Thursday, as the gloomy mood that ruled financial markets eased later on the day, but most European and US indexes closed in the red territory.Hawkish comments from ECB and US Fed’s policymakers suggested central banks are far from done with their quantitative tightening …

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• 20 January 2023 2:09 am

  How does Canada’s dollar react to oil prices?

  

  The Canadian dollar strengthened against American currency on Thursday. The CAD was able to recover from a nearly two-week low, but the move was limited as global equity markets lost ground and domestic data showed wholesale trade in November rose less than expected.Canadian wholesale trade increased by 0.5% in November …

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• 20 January 2023 12:51 am

  What Legacy Has Jacinda Ardern Left Behind For New Zealand’s Economy?

  

  New Zealand Prime Minister Jacinda Ardern announced her term would end by February 7. She does not have “the energy” necessary for reelection for office on October 14. A new leader will be voted in a few days. The announcement had little impact on the NZD.The NZD/USD pair is trading …

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• 19 January 2023 11:35 pm

  Fed’s Brainard insists to bring inflation back to 2% target

  

  Fed’s Vice Chair Lael Brainard said that ”there are reasons to think high inflation in the more labour sensitive “core services ex-housing” basket might reflect the pass-through of pandemic and war one-offs and not solely cyclical strength from tight labour markets.“Inflation has been declining over the past several months against …

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• 19 January 2023 10:49 pm

  Yen rises, US dollar falls on US mixed data

  

  The US dollar slid on Thursday against major currencies in a choppy US trading session as data continued to indicate that the US economy is slowing down in the wake of multiple rate hikes by the Fed as investors and traders expect the central bank to pause or at least …

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• 19 January 2023 9:44 pm

  US Debt Ceiling Raises Economic Woes

  

  The US Treasury Department announced the beginning of “extraordinary measures”, meaning a series of accounting measures, and even maneuvers, to avoid breaching the federal governments’ borrowing cap according to a letter to Congress by Treasury Secretary Janet YellenThe Treasury Department will adopt extraordinary measures to allow the federal government to …

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• 19 January 2023 8:49 pm

  On day 330 of war, nuclear threats if Russia defeated

  

  Russia on Thursday warned that the Ukraine war will escalate if the West insists on providing Kyiv with longer-range weapons. Since the conflict broke out, the US has sent advanced and high-precision weapons and other military equipment to Ukraine to help the war-torn nation against Russian aggression. The aid included …

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• 19 January 2023 7:47 pm

  Are central banks’ gold purchases expected to continue?

  

  Gold price has already touched highest that were last seen in April 2022 above $1,900. The precious metal has a bright outlook in the year ahead.The precious metal is trading at $1918.70 per ounce at the time of writing versus the previous closing price at $19043.70. 2022 was a significant …

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• 19 January 2023 6:14 pm

  US: Weekly Initial Jobless Claims decline to 190K

  

  There were 190,000 initial jobless claims in the week ending January 13, data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 205,000 and came in better than the market expectation of 214,000. Further details of the publication revealed that …

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• 19 January 2023 5:27 pm

  Novak: Russia’s oil production in January is the same pace as December

  

  The Interfax news agency quoted Russian Deputy Prime Minister Alexander Novak as saying on Thursday that Russian oil production in January did not decline, and that it was proceeding at the same pace as in December.

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