Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2023

• 10 January 2023 12:41 pm

  Nikkei closed at the highest level in two weeks supported by technology stocks

  

  The Nikkei index of Japanese stocks closed at its highest level in two weeks on Tuesday, thanks to a jump in technology stocks, but caution ahead of the Bank of Japan meeting next week limited gains. The Nikkei index ended trading up 0.78 percent at 26,175.56 points, its highest level …

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• 10 January 2023 5:09 am

  Market Drivers – US Session 09/01/2023

  

  The US dollar started the trading week with losses amid optimism weighing on the American currency’s safe-haven standing. Investors and traders are assessing US macroeconomic data published on Friday, which suggests the Federal Reserve could slow the pace of tightening after wages-linked data.The EUR/USD pair hit 1.0760, holding on to …

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• 10 January 2023 4:33 am

  USD/CHF rebounds ahead of Powell’s speech

  

  The USD/CHF pair has attracted more demand after a marginal correction closer to the 0.9200 mark amid positive risk appetite that is obviously cautious and keeping an eye on the performance of rising US Treasury yields.Fed Bostic, on Monday, said that no recession in CY2023 but has trimmed his GDP …

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• 10 January 2023 2:06 am

  GBP/USD surpasses 1.2150, benefits from weaker US Dollar

  

  The Pound Sterling advances against the US Dollar during the US trading session due to the market’s positive sentiment boosted by expectations that the US Federal Reserve would slowdown the pace of upcoming rate hikes.This expectation comes during the week that will witness the key CPI data, inflation report in …

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• 10 January 2023 12:07 am

  Bitcoin rallies to 3-week highs ahead of US CPI

  

  Bitcoin has been stuck between $16k and $18.5k for 2 months, and currently, it has taken off above the $17,000 mark but doubts do exist among traders ahead of the key CPI data for December in the United States on Thursday, meanwhile, comments and remarks by Fed officials are closely …

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• 9 January 2023 11:29 pm

  Why Is Wall Street Suddenly Celebrating On Monday?

  

  US equities had a surprise reason for celebrating with the first day of the second trading week in the new year. So far, in 2023, Wall Street has swung from sadness to joy.US Stocks are enjoying a robust year beginning after 2022’s disappointing performance. Even though the Dow fell more …

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• 9 January 2023 10:39 pm

  Fed’s Bostic Prefers Holding Rates Above 5% For A Long Time

  

  Atlanta Fed President Raphael Bostic said the central bank should raise interest rates above 5% by early in the second quarter and then go on hold for “a long time.”Bostic said on Monday that it is ”fair to say that the Fed is willing to overshoot”, mentioning the likelihood that …

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• 9 January 2023 9:48 pm

  AUD/USD hits fresh five-month high on weaker US dollar

  

  The AUD/USD pair is surging due to traders’ speculations that the US Fed would shift dovish. The US 10-year Treasury bond yield continues to edge lower, eyeing the 3.50% threshold and weighing on the USD.The AUD/USD pair sharply soars above the 0.6900 figure on speculations that the Fed would change …

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• 9 January 2023 8:57 pm

  Gold closer to eight-months highs as US Dollar retreats

  

  Gold price holds onto latest gains as the rally in Wall Street continues. Monday’s weaker US Dollar offers support to the Gold Index that continues to look forward to $1,880.Strong demand for Treasury bonds as market participants await a less hawkish Fed. Gold prices are holding up and near the …

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• 9 January 2023 7:43 pm

  EUR/USD climbs to 4-week highs past 1.0730

  

  The EUR/USD pair picks up extra pace and trespasses the 1.0700 barrier. The dollar remains on the defensive and drops to 7-month lows. Bulls push harder at the beginning of the week and lift EUR/USD to the 1.0730 region for the first time since mid-December.EUR/USD leaves behind the 1.0700 barrier …

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• 9 January 2023 6:21 pm

  Market Drivers – European Session 9/1/2023

  

  European stocks rose Monday, January 9, extending the year’s positive start to the year for a second week, as China reopened its borders and US and European data contributed to calming concerns about the strong tightening of monetary policy by central banks. The pan-European Stoxx 600 rose 0.3%. The index …

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• 9 January 2023 6:16 pm

  Biden declares a state of emergency in California due to storms

  

  US President Joe Biden has adopted a declaration of a state of emergency in California due to storms that have killed at least 12 people over the past ten days and cut off power to hundreds of thousands of homes and businesses in the state. The White House said in …

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• 9 January 2023 5:12 pm

  The unemployment rate in the eurozone was unchanged in November as expected

  

  The European Union’s statistics office (Eurostat) said on Monday that the unemployment rate in the euro zone was unchanged in November and remained at a record low level as expected, as the number of unemployed fell slightly. He added that the unemployment rate in the 20 euro countries was 6.5 …

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