Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2023

• 31 January 2023 2:13 pm

  European stocks fall as focus shifts to central bank meetings

  

  European stocks fell on Tuesday, dragged down by healthcare stocks, as investors refrained from aggressive bets and expected another round of interest rate hikes by major central banks this week. The pan-European Stoxx 600 index fell 0.2% by 0816 GMT, but was on track to end January on a positive …

  Read More »
• 31 January 2023 1:09 pm

  Gold is falling ahead of interest rate decision

  

  Gold prices fell on Tuesday, but are on track for a third consecutive month of gains, as traders await the Federal Reserve’s interest rate decision this week. Spot gold fell 0.3 percent to $1,917.56 an ounce by 0547 GMT, but it is on track for a monthly gain of more …

  Read More »
• 31 January 2023 1:08 pm

  Japan’s Nikkei closed lower

  

  The Japanese Nikkei index closed lower on Tuesday, as investors awaited the results of the Federal Reserve’s monetary policy meeting, and in light of corporate business results that showed mixed trends. The Nikkei fell 0.39 percent, ending trading at 27,327.11 points, after starting the session on a high. The index …

  Read More »
• 31 January 2023 3:00 am

  Market Drivers – US Session 30/01/2023

  

  Bitcoin received a breakout and rejection against $23,878.62 and later, retreated on Monday as the rally came under pressure by profit-taking. The most famous cryptocurrency is trading at $ 22747.00 at the time of writing. Some analysts do expect bitcoin to drop near $21,969 by the end of this week …

  Read More »
• 31 January 2023 2:51 am

  Bitcoin bulls disappear ahead of big central bank week

  

  Bitcoin price lost over 2% during Monday’s European trading on the back of stronger Spanish inflation amid a seemingly volatile week that kicks off with surprise Spanish inflation data. Markets predicted a drop from 5.7% to 4.97%. Instead, inflation jumped to 5.8%. The said reading confirms what central bankers have …

  Read More »
• 31 January 2023 2:25 am

  AUD/USD reacts to risk aversion ahead of Fed’s meeting

  

  The AUD/USD pair has encountered intermediate support around 0.7050, however, more downside seems potential as well amid ongoing risk aversion on the eve of the first day of the Fed’s first policy meeting in 2023. Investors have turned risk-averse ahead of the release of the interest rate policy by the …

  Read More »
• 31 January 2023 1:42 am

  Amazon to lay off 680 workers

  

  Amazon announced on Monday plans to shut down a center complex in Shakopee and lay off 680 employees at the facility which is a rented space and the lease is expiring. The decision will be effective as of March 31. Closure will be permanent at the end of May this …

  Read More »
• 31 January 2023 12:52 am

  Futures Fall Ahead Of Fed Meeting, Big Earnings

  

  Amid widespread risk aversion, Dow Jones futures fell on Monday morning, along with S&P 500 futures and Nasdaq futures, signaling a pullback following big gains in the latest trading sessions. The stock market rally cleared some major resistance last week. The major indexes had solid gains, responding bullishly to uneven …

  Read More »
• 30 January 2023 11:51 pm

  OPEC+ Meeting Preview: What does oil market expect following Russian-Saudi talks on oil strategy?

  

  On Monday’s talks over the phone, Saudi Crown Prince Mohammed Bin Salman and Russian President Vladimir Putin discussed OPEC+ cooperation with particular focus on the necessity to maintain the stability of crude oil prices ahead of a virtual OPEC+ meeting scheduled for Wednesday.Wednesday meeting, which will take place at 1100 …

  Read More »
• 30 January 2023 10:47 pm

  Oil drops ahead of US interest rate decision

  

  WTI crud has dropped by over 1% on the day and is trading around $78.40 at the time of writing after falling from a high of $80.44 and reaching a low of $77.91 so far on the day, ending a bullish start to the year towards month-end and following its …

  Read More »
• 30 January 2023 9:50 pm

  USD/CAD hits fresh daily highs ahead of key data

  

  The US dollar is modestly up amid higher US yields ahead of Fed’s meeting his week and key economic data. Equities and crude oil prices are able to trim previous losses during the US session.The pair is trading at 1.3362 at the time of typing. So far, the USD/CAD pair …

  Read More »
• 30 January 2023 8:52 pm

  Gold price struggles ahead of FOMC meeting

  

  Uncertainty is mastering the scene across financial markets as central banks’ monetary policies are in the making to potentially push the economy worldwide into a recession as a side effect of the battle against hot inflation. Gold prices are slightly lower and silver slightly higher in early US trading session …

  Read More »
• 30 January 2023 7:49 pm

  Does GDP data fgor Q4 indicate start of recession in Germany?

  

  The Preliminary German GDP data, which showed that the Eurozone’s largest economy contracted by 0.2% during the fourth quarter could qualify as an indicator that a recession exists in Germany.This reading was below consensus estimates for a flat reading and the 0.4% growth recorded in the previous quarter and contrary …

  Read More »