Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2022

• 5 May 2022 1:37 am

  US Unemployment Rate, NFP Preview

  

  The US Bureau of Labor Statistics is expected to release non-farm payroll data and unemployment rate data for April on Friday. The current prevalent mixed concerns across financial markets could be linked to some sort of anxiety ahead of this week’s US Nonfarm Payrolls data.The US dollar rose slightly on …

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• 5 May 2022 1:16 am

  RBNZ: Stagflation not a core risk

  

  The Reserve Bank of New Zealand’s governor Adrian Orr stated that the RBNZ doesn’t see stagflation as a core risk, adding that ”it’s business as usual” on monetary policy and the central banks have ”no regrets on monetary policy,” and that he is ”proud of where we are”.Orr added that …

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• 5 May 2022 12:03 am

  US Equities Stocks Jump On Powell’s Remarks

  

  In reaction to Federal Reserve Chair Jerome Powell’s comments downplaying the likelihood of larger rate hike than the one just announced Wednesday, stocks surged to their biggest gain in two years Wednesday. Bond yields dropped as well. Stocks on Wall Street jumped on Wednesday, after Jerome Powell, the Fed Chair, …

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• 4 May 2022 11:37 pm

  Could Rising Inflation Turn Bitcoin Into Risk-Off Asset?

  

  Bitcoin is separating itself from risk assets with increasing HODL behavior and historical patterns suggest a mild down-turn, according to Bloomberg Intelligence’s latest report. The report discussed bitcoin and other cryptocurrencies as it relates to adoption, markets and defining asset classes.The report also explains how bitcoin is separating itself from …

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• 4 May 2022 11:25 pm

  Gold Prices Soar On Powell’s Comments

  

  Gold is benefiting from safe-haven flows and a dialing back of an uber hawkish Fed. Fed’s chairman, Powell, has taken out 75bps rate hike speculation in markets. At $1,885, the gold price is rallying some 0.87% on the day, breaking out of sideways consolidation and taking on a critical daily …

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• 4 May 2022 11:18 pm

  Powell: US economy has a good chance to avoid recession

  

  Jerome Powell, Chairman of the Federal Reserve System, is delivering his remarks 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“We understand the pain from high inflation”.“It’s our job is to make sure high …

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• 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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