Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2023

• 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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• 13 January 2023 3:04 am

  Could Treasury Yield Predicts Fed’s Next Moves?

  

  One lesson traders and investors are urged to learn is that the bond market is often almost correct; particularly two-year Treasury note. Its direction is of high consideration for those who are interested in knowing about the direction of the Federal Reserve’s actions.   US Treasury yields fell on Thursday …

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• 13 January 2023 2:36 am

  Nord Stream back to headlines with Russian Accusations To Sweden

  

  In 2022, leaks were spotted in the Nord Stream 1 and 2 pipelines, presumably caused by explosions that Sweden investigated to later conclude it was likely the result of serious sabotage, and now Russia is complaining that Sweden is hiding something and unwilling to share its investigation’s findings. Russia accused …

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• 13 January 2023 1:15 am

  Survey: OPEC+ Output Increased By 140,000 Bpd In December

  

  The combined crude oil output by OPEC+ group rose by 140,000 barrels per day (bpd) to 42.71 million bpd in December, but the cartel was still 1.8 million bpd below its target, according to the Platts survey by S&P Global Commodity Insights. Russia’s output was almost unchanged, while Nigeria saw …

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• 12 January 2023 10:51 pm

  BoE’s Mann: UK inflation dynamic looks pretty robust

  

  Bank of England policymaker Catherine Mann said on Thursday that the underlying UK inflation dynamic looks pretty robust.”Households and firms see 4% inflation in the years ahead”, she said, adding that “you have a lot of different ways of looking at it. My reading is we’re not there yet”.Mann voted …

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• 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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