Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2022

• 4 May 2022 11:13 pm

  Powell: War, lockdowns add to hot inflation

  

  Fed Chairman, Jerome Powell, is delivering his comments on the monetary policy outlook at a press conference following the FOMC’s decision to hike the policy rate by 50 basis points in May.Key quotes“Ukraine war, China lockdowns both likely to add to headline inflation.”“Both issues also likely to limit progress on …

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• 4 May 2022 10:48 pm

  Powell’s Speech Reveals Inflation Current Circumstances

  

  Jerome Powell, Chairman of the Federal Reserve System, is delivering his comments on the US monetary policy outlook at a press conference following the FOMC’s decision to hike the policy rate by 50 basis points in FOMC’s May meeting.Key quotes“Disruptions to supply larger, longer-lasting than anticipated.”“Ukraine war likely to restrain …

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• 4 May 2022 10:37 pm

  USD dips As Fed Seems Open To Further Hikes

  

  The Federal Reserve has raised rates by 50 bps as expected and seems open to further hikes. QT program launch and its potential ramp-up make the dollar scarcer. What most market participants see as most important, is the Fed comment on inflation: it is still high, “owing to supply and …

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• 4 May 2022 10:19 pm

  Breaking: Fed hikes rate by 50 bps

  

  The US Federal Reserve announced on Wednesday that the FOMC had agreed to raise the target range for the federal funds rate by 50 basis points to 0.75% to 1%, in line with expectations. The US Dollar Index turned south with the initial reaction to the Fed’s policy announcements and …

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• 4 May 2022 9:43 pm

  Could ADP Data Threaten Fed’s Rate Hikes?

  

  When markets participants feel worried about recession, all US data is suspicious. Hot inflation erodes household income. Producer prices are even higher than retail. In the US, where nearly all goods move by truck, diesel fuel hit an all-time record, ensuring inflation will be higher in April and May than …

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• 4 May 2022 9:37 pm

  European Central Bank Preview

  

  For the ECB, the latest Eurozone data provide a discomforting combination of record-high inflation and slow first-quarter growth. The level and widespread nature of the former are forcing the central bank to act, and markets are now pricing in 90 bp of rate hikes this year, although the latter provides …

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• 4 May 2022 9:20 pm

  USD/CHF Hits Fresh Highs Ahead Of Fed Decision

  

  The Swiss franc accumulates losses for the nine-consecutive trading session. US equities fluctuate between gainers and losers as risk appetite wobbles. The USD/CHF rallied and reached a two-year high at around 0.9839 as traders prepared for the monetary policy decision of the Federal Reserve. At 0.9829, the USD/CHF retraced from …

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• 4 May 2022 9:14 pm

  BoE Preview: Forecasts From Four Major Banks

  

  Wells Fargo “For May, the consensus forecast (and Wells Fargo forecast) is for the BoE to deliver another 25 bps hike, which would take the policy rate to 1.00%. We expect the BoE’s economic projection to include an upward revision to its CPI inflation forecast and a downward revision to …

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• 4 May 2022 8:47 pm

  Does Fed Know Where To Stop Hikes?

  

  The US central bank is to notch up on Wednesday its efforts to withdraw the stimulus it showered on the US economy after the pandemic upended global economies two years ago. Fed officials are expected to raise the benchmark rate by a half percentage point and approve plans to start …

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• 4 May 2022 8:22 pm

  US supply issues, inflation weighed on ISM services

  

  Data released on Wednesday showed the ISM Service Sector dropped unexpectedly to 57.1 in April. Analysts at Wells Fargo point out that while supply remains a problem for service-producers, a pullback in demand and hiring were the top factors weighing on activity during the month. Key Quotes: “Activity in the …

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• 4 May 2022 8:09 pm

  Canada’s energy trade surplus at an all-time high in March

  

  Canada registered another trade surplus in March, although below expectations: CAD 2.49 billion vs CAD 3.90 billion. Analysts at the National Bank of Canada highlight the trade surplus with the US reached a fresh record high. Key Quotes:“For the ninth time in the past ten months, Canada’s trade balance remained …

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• 4 May 2022 7:07 pm

  ISM Services PMI falls below expectations

  

  The headline ISM Services Purchasing Manager’s Index (PMI) fell to 57.1 in April from 58.3 in March, below expectations for a slight rise to 58.5, according to the latest release by the Institute for Supply Management (ISM). Subindices: The Business Activity Index rises to 59.1 from 55.5 in March. The …

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• 4 May 2022 5:09 pm

  Canada: International trade surplus falls in March

  

  According to the latest figures released on Tuesday by Statistics Canada, the Canadian Trade surplus fell unexpectedly to C$2.49B in March from C$3.08B a month earlier versus expectations for a rise to C$3.9B. Exports were up 6.3% MoM to C$63.63B from C$59.84 a month earlier, while imports were up 7.7% …

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