Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 26 January 2022 7:57 pm

  USD/CAD Surges As BoC Disappoints Hawkish Bets For Surprise Rate Hike

  

  The USD/CAD pair surged from the 1.2560s to the 1.2630 area after the Bank of Canada on Wednesday opted to hold interest rates at 0.25%, disappointing calls from a minority of market participants and economists for a 25bps rate hike to 0.50%.Ahead of the meeting, a Bloomberg poll revealed that …

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• 26 January 2022 7:32 pm

  BoC Leaves Policy Rate Unchanged, Signals Hike In March

  

  The Bank of Canada announced on Wednesday that it was holding its overnight interest rate at 0.25%, as the majority of market participants had been expecting. Note that a minority had expected a 25bps rate hike to 0.50%. The central bank also signaled that a rate hike would likely be …

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• 26 January 2022 6:57 pm

  FED Preview: Forecasts From 4 Major Banks

  

  The US Federal Reserve will announce its monetary policy decisions on Wednesday, January 26 at 19:00 GMT, and as we get closer to the release time, here are the expectations as forecast by analysts and researchers of 4 major banks. Wells Fargo “We highly doubt the FOMC will start the …

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• 26 January 2022 5:02 pm

  Microsoft Generates $51.73 Billion in Revenue in Q2

  

  Today, Microsoft announced its results for the second quarter of its fiscal year, which came in better than expected. The company achieved earnings per share, which amounted to about $2.48, compared to an expected $2.31, while revenues were recorded at $51.73 billion, compared to an expected $50.88 billion. Revenue increased …

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• 26 January 2022 4:03 pm

  German government cuts 2022 Economic growth forecast to 3.6% from 4.1%

  

  Germany’s economy ministry on Wednesday cut its growth forecast for this year to 3.6% from the October estimate of 4.1%. Still, it said that Europe’s biggest economy remains “robust” and will return to its pre-pandemic growth in 2022. According to preliminary official figures, GDP grew 2.7% last year, but the …

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• 26 January 2022 3:10 pm

  European shares continue to recover

  

  European shares extended their rally on Wednesday, as cautious traders awaited the outcome of the Federal Reserve’s two-day meeting, which concludes later Wednesday, for indications of tightening monetary policy in the face of rising inflation. The pan-European STOXX 600 index rose 1.1 percent, with all sectors gaining, led by the …

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• 26 January 2022 2:04 pm

  The euro is falling amid tensions around Ukraine

  

  The euro hovered near one-month lows against the dollar and the yen on Wednesday, weighed by fears of a military conflict in Ukraine and ahead of the conclusion of US Federal Reserve meetings that could usher in an accelerated tightening of monetary policy. The Bank of Canada is scheduled to …

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• 26 January 2022 1:46 pm

  Oil Falls Amid Profit-Taking Ahead of Fed

  

  Oil prices fell on Wednesday as investors booked profits ahead of the announcement of a Federal Reserve decision and US Energy Information Administration data on crude stocks. Still, concerns about supply shortages due to geopolitical tensions limited losses. Oil prices hit a seven-year high last week amid fears of tight …

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• 26 January 2022 1:10 pm

  Gold is Stable, And Ukraine Risks Offset The Possible US Rates Hike

  

  Gold prices stabilized on Wednesday as investors held off big bets ahead of a decision on the pace of monetary policy tightening at the US Federal Reserve meeting, while tensions surrounding Ukraine kept gold near a 10-week high hit in the previous session. And gold settled in spot transactions at …

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• 26 January 2022 12:30 pm

  Japan Shares Fall Before The Fed

  

  Japan’s Nikkei index ended lower on Wednesday, with technology heavyweights tracking the losses of their US counterparts on Tuesday night on fears of the Federal Reserve’s increasing hawkish tone and tensions surrounding Ukraine. The Nikkei fell 0.44 percent to close at 27,011.33 points, after touching earlier in the session a …

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• 26 January 2022 3:01 am

  Market Drivers – US Session – 25 January 2022

  

  Traders and market participants await the US Fed to adopt firm plans to raise interest rates and taper its holdings of U.S. Treasury bonds and mortgage-backed securities, which have swollen its balance sheet to about $9 trillion.The Fed’s two-day meeting ends Wednesday. Analysts’ views of the meeting are mixed, with …

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• 26 January 2022 2:48 am

  Euro falls to one-month low as Ukraine tensions persist

  

  The Euro fell to a one-month low on Tuesday as tensions between Russia and the West over Ukraine drew investors to the dollar, a day before the Federal Reserve is expected to reveal details on its plans to tighten monetary policy.Tensions remained high after NATO said on Monday it was …

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• 26 January 2022 2:20 am

  IMF slashes US and China growth forecasts

  

  The pandemic will continue to stoke uncertainty and inflation in its third year, undermining the global recovery from the coronavirus and pushing total economic losses toward $14 trillion. That’s according to the International Monetary Fund, which on Tuesday slashed its global growth forecast for 2022 by half a percentage point …

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