Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2023

• 18 January 2023 2:24 pm

  European stocks continue their gains, supported by earnings reports

  

  European stocks rose on Wednesday as risk appetite was supported by a batch of positive corporate earnings reports, with the index on track for its longest consecutive period of gains since November 2021. And by 0815 GMT, the European Stoxx 600 index rose 0.3 percent, supported by a rise in …

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• 18 January 2023 2:21 pm

  UK inflation fell to a 3-month low of 10.5% in December

  

  Britain’s consumer price inflation fell to a three-month low of 10.5% in December, providing some relief to the Bank of England and British households, but food and drink prices continued to rise at their fastest pace since 1977. The decline in the headline inflation rate from 10.7 percent in November …

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• 18 January 2023 12:39 pm

  Yen fell after BoJ adhered to the policy of super easing

  

  The Japanese yen fell on Wednesday after the Bank of Japan kept interest rates very low, disappointing some investors who had hoped the bank would adopt more policy adjustments. The Bank of Japan surprised the market last month by raising its yield cap on 10-year bonds to 0.5% from 0.25%, …

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• 18 January 2023 11:32 am

  Gold is falling with the rise of USD

  

  Gold prices fell slightly on Wednesday as the US dollar strengthened, but expectations of a slower pace of Federal Reserve rate hikes limited losses. Spot gold fell 0.3 percent to $1,902.79 an ounce by 0256 GMT. US gold futures fell 0.2 percent to $1,906. The dollar index rose 0.3 percent. …

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• 18 January 2023 2:18 am

  Market Drivers – US Session 17/01/2023

  

  US stocks traded within a tight range on Tuesday after contrasting Q4 earning reports from investment banks Goldman Sachs and Morgan Stanley, while China unveiled disappointing annual GDP data. Wall Street’s S&P 500 edged 0.2 per cent lower, supported by rising prices for energy and banking companies, while the tech-heavy …

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• 18 January 2023 12:39 am

  Yellen, China’s vice premier meet on economic ties

  

  US Treasury Secretary Janet Yellen will meet Chinese Vice Premier Liu He in Switzerland on Wednesday to exchange views on economic ties, global economic developments and talks are expected to focus on means to deepen communication between the world’s two largest economies.Yellen’s first face to face meeting with Liu stems …

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• 17 January 2023 11:20 pm

  GBP/USD reacts to strong UK data ahead of key Consumer Price Index

  

  United Kingdom’s Unemployment Rate data mainly pushed the British Pound’s latest rally. The GBP/USD pair is in the hands of the bulls on the front side of an hourly trendline ahead of key Consumer Price Index inflation data scheduled for release on Wednesday.The GBP/USD bears are eying a break of …

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• 17 January 2023 10:34 pm

  Earnings drop drags Wall Street lower

  

  US stocks traded within a tight range on Tuesday after contrasting Q4 earning reports from investment banks Goldman Sachs and Morgan Stanley, while China unveiled disappointing annual GDP data.Wall Street’s S&P 500 edged 0.2 per cent lower, supported by rising prices for energy and banking companies, while the tech-heavy Nasdaq …

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• 17 January 2023 9:23 pm

  Could BoC hike rate again despite Canada’s easing Inflation?

  

  The Data released on Tuesday showed lower-than-expected inflation figures in Canada. This data was largely as expected, so, the Bank of Canada is expected to raise rates by 25 bps next week before pausing for the remainder of 2023. The BoC’s core measures CPI-median and CPI-trim also decelerated by one …

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• 17 January 2023 8:27 pm

  Yen expected to soar if BoJ decides on additional YCC adjustment

  

  The critical Bank of Japan policy decision that is broadly awaited by investors on Wednesday could lift the Yen as much as 5%, according to analysts and economists.The BoJ meeting poses further upside risks to the JPY. If the BoJ decides on further YCC adjustment, we estimate that the Yen …

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• 17 January 2023 7:31 pm

  Ahead of BoJ’s policy decision, USD/JPY fluctuates around 128.50,

  

  Amid risk-off impulse, and speculations for the Bank of Japan quitting its policy stance, the USD/JPY is struggling. USD/JPY attempts to hold on its earlier gains as the US session begins, though it’s retracing after hitting daily highs of 129.16 before the Wall Street open. The US dollar is giving …

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• 17 January 2023 6:25 pm

  Oil prices are at a two-week high supported by expectations of a recovery in Chinese demand

  

  Oil prices rose to a two-week high on Tuesday after China reported weak economic growth data that beat expectations, supported by hopes that Beijing’s change in policy to combat COVID-19 will boost fuel demand. By 1224 GMT, Brent crude futures rose $1.14, or 1.4 percent, to $85.60 a barrel. West …

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• 17 January 2023 4:57 pm

  Sterling rose with the growth of wages in Britain and the yen near the highest level in 7 months

  

  The British pound rose on Tuesday after data showed that wage growth in Britain, which the Bank of England watches closely to determine the pace of interest rate hikes, accelerated again. The yen held near its highest levels in seven months, with investors holding their breath in anticipation of a …

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