Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2023

• 16 January 2023 1:18 pm

  Cargo ship from Ukraine grounded in Istanbul’s Bosphorus Strait, traffic halted

  

  The cargo ship MKK 1, traveling from Ukraine to Turkey, was grounded in Istanbul’s Bosphorus Strait on Monday and traffic in the strait was suspended but no damage was reported, shipping agents Tribeca said. Several tugs were among vessels sent to provide assistance to the ship, the coastguard authority said. …

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• 16 January 2023 12:30 pm

  Gold is holding near a 9-month high, thanks to hopes of slowing interest rate hikes

  

  Gold prices stabilized after rising to their highest levels in nearly nine months on Monday, as a weaker dollar and expectations of a slower Federal Reserve interest rate hike added to the yellow metal’s appeal. The price of gold in instant transactions was 1918.66 dollars an ounce at 0548 GMT. …

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• 16 January 2023 11:33 am

  Nikkei closes at its lowest level in more than a week

  

  Japan’s Nikkei index closed at its lowest in more than a week on Monday, as the yen’s rise weighed on exporters and investors bet that the Bank of Japan may have to adjust its stimulus policies this week at the earliest. The Nikkei closed Monday’s session down 1.14 percent to …

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• 16 January 2023 10:34 am

  Asian shares rise, yen climbs as BOJ battles bond bears

  

   Asian shares firmed on Monday as optimism about China’s reopening offset concerns the Bank of Japan (BOJ) might temper its super-sized stimulus policy at a pivotal meeting this week, while a holiday in U.S. markets made for thin trading. The yen climbed to its highest since May after rumours swirled …

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• 16 January 2023 9:23 am

  Oil is declining, but it is hovering near the highest level in 2023

  

  Oil prices fell in early Asian trade on Monday, but held near their highest levels since the beginning of the year amid optimism that demand for fuel will increase in China, the world’s largest crude importer, after the reopening of borders and the easing of restrictions imposed to combat Covid. …

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• 16 January 2023 5:39 am

  Financial Markets’ Weekly Recap, January 9- 13

  

  This weekly recap is tracing key developments across most financial assets during the previous trading week that witnessed the release of the CPI data in the United States and improved risk appetite benefiting some assets while impacting others:US DollarThe dollar was slightly lower against most of its G10 counterparts to …

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• 14 January 2023 3:40 am

  Market Drivers – US Session 13/01/2023

  

  The US Dollar Index (DXY), which measures the buck’s performance against a basket of six rivals, erases its earlier gains, down 0.04%, at 102.201. During the session, the USD/CHF cleared the 20-day EMA at 0.9293 and cleared the 0.9300 mark. Nevertheless, as the dollar weakened, the major retreated those gains …

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• 14 January 2023 2:36 am

  USD/CAD’s rally stalled on perplexed US dollar

  

  The USD/CAD pair finished Friday’s session with gains, though it hesitated to go past the 1.3400 mark. The pair is trading at 1.3393 at the time of writing. The USD/CAD prolonged its weekly losses and tumbled for the fourth consecutive week, losing 0.36%, but on the day, the USD/CAD is …

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• 14 January 2023 1:28 am

  US Stocks had biggest midday moves on Q4 earnings

  

  Shares of JPMorgan, which is the biggest US bank by assets, surged more than 2% after the firm posted Q4 profit and revenue that topped expectations. The New York-based bank said profit jumped 6% from the year earlier period to $11.01 billion, or $3.57 per share. Interest income at the …

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• 14 January 2023 12:30 am

  Gold is soaring on Fed’s less hawkish tone, falling T-yields

  

  At the time of writing, gold price is hovering around $1,920 on Friday, hit a new 9-month high as investors anticipate the US central bank to adopt a less aggressive stance following Thursday’s softer inflation data. Bets for a 25-bps rate hike by the Federal Reserve lie at a 94.2% …

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• 13 January 2023 11:28 pm

  Consumers Feel More Optimistic Into 2023

  

  Consumers kicked off the new year feeling more optimistic about the US economy, according to preliminary results from the University of Michigan’s consumer survey. The consumer sentiment index rose to 64.6 in the first two weeks of January, rising 8% from the previous reading of 59.7 for December and coming …

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• 13 January 2023 3:14 pm

  Yen rises supported by speculation of a policy adjustment by BoJ

  

  The yen continued to rise, supported by speculation that Japan might adjust its ultra-loose monetary policy, while the dollar approached its lowest level since June against major currencies. The Bank of Japan differs from most central banks in the world by sticking to stimulus while other banks raise interest rates, …

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• 13 January 2023 3:13 pm

  Germany: 2022 preliminary GDP expands 1.9% YoY

  

  Germany’s preliminary Gross Domestic Product (GDP) expanded by 1.9% on an annualized basis in 2022 when compared to the +1.8% market consensus and +2.6% previous, Statistisches Bundesamt Deutschland reported on Friday. Gross domestic product growth came in at 1.9 percent in all of 2022, compared with expectations of 1.8 percent growth …

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