Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 14 January 2022 12:11 pm

  Japanese Stocks Close Lower Following Wall Street

  

  Japan’s Nikkei ended the session lower on Friday after Wall Street tumbled overnight as concerns about the impact of the coronavirus pandemic dented omicron’s effect on risk appetite. The Nikkei closed down 1.28 percent, recording 28,124.28 points, after dropping more than two percent to approach its lowest level in four …

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• 14 January 2022 5:37 am

  Market Drivers – US Session – 13 January

  

  The market has stabilized, with the US dollar consolidating losses on Thursday. Risk appetite retreated, preventing the dollar index from falling further. Intraday gains of the American currency helped correct oversold conditions reached one day following Wednesday’s selloff.The Federal Reserve’s hawkish language was much assessed and digested in ahead of …

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• 14 January 2022 4:30 am

  Despite Edging Lower, Gold Exhibits Innate Ability To Rally When Consensus Is bearish

  

  Gold futures edged lower on Thursday, with prices on track to post their first loss in five sessions, after a rise in the US producer price index reading for December came in below market expectations.It could be argued that the bullish case for gold is its reputation as an inflation …

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• 14 January 2022 4:13 am

  Waller: Fed Balance Sheet Start Shrinking By Summer

  

  Federal Reserve’s Christopher Waller said three hikes in 2022 are still a good baseline but he said if inflation stays high there could be four or even five hikes.Additional QuotesCould also allow the balance sheet to run off earlier.Doesn’t favour 50bps Fed hike in March.Could start shrinking Fed balance sheet …

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• 14 January 2022 4:06 am

  Crude Oil Edges Lower On Profit-Taking, Rate Hike Concerns

  

  Crude oil prices edged lower on Thursday as investors took profits after two days of gains amid fears of aggressive US interest rate hikes.Losses were cushioned by expectations of a strong economic recovery that will boost demand in a tightly supplied market. US West Texas Intermediate crude futures settled down …

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• 14 January 2022 3:56 am

  Semiconductors: Shortages, Earnings Tell The Whole Story

  

  Taiwan Semiconductor shares surged on Thursday, as the semiconductor manufacturer said fourth-quarter earnings topped Wall Street estimates and it would boost spending for 2022 well above last year’s levels.Taiwan Semiconductor shares closed at $139.19, gaining more than 5% and just off their 52-week high of $145. More than 51 million …

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• 14 January 2022 3:39 am

  Volatile Natural Gas Market Leads to More Dependence on Coal

  

  A new report from Rhodium Group suggested that the United States may have to play catch-up to regain progress in the fight against climate change following a year of volatile natural gas prices that led to more reliance on less expensive coal increased greenhouse gas emissions in 2021. In its …

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• 14 January 2022 3:15 am

  Is OPEC+ Near Pumping Its Full Quota?

  

  The coming oil surplus could be much smaller than expected and could exert much less downward pressure on oil prices this year.Demand remains strong as signaled in the six-month futures spread in Brent which has more than doubled since hitting a low point in December.At the start of 2022, Omicron’s …

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• 14 January 2022 2:55 am

  World Central Banks Start Turning Off Cash Taps

  

  Global Central Banks Start Turning Off Cash TapsAs speculation grows about when the US Federal Reserve will begin reducing the size of its balance sheet, some analysts say the era of “quantitative tightening” has already started and “quantitative easing” is over.Central bank balance sheets have ballooned since the pandemic struck …

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• 14 January 2022 1:53 am

  EUR/USD Rallies As Traders Test US Dollar’s Long-Squeeze

  

  The EUR/USD pair buying hit overdrive on Wednesday, but the pace of gains has been more measured on Thursday. The pair is now consolidating in the 1.1450 area as traders assess whether the recent dollar long-squeeze is over.While the pair continues to trade with modest gains of about 0.1% on …

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• 14 January 2022 1:37 am

  Visa Testing Central Bank Digital Currencies

  

  The leading card payments firm is in talks with central banks concerning a platform is designed to test CBDCs and Visa productsVisa joined its rival Mastercard in offering central banks a way to test retail applications for digital currencies they might issue.The card payment provider will begin piloting a program …

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• 14 January 2022 12:25 am

  Outgoing Clarida: Policy Normalization In 2022 Consistent With Fed’s AIT Framework

  

  Outgoing Fed Vice Chair Richard Clarida, who will resign from his position on Friday, two weeks before the end of his term, said on Thursday that commencing policy normalization in 2022 would be entirely consistent with the Fed’s new flexible average inflation targeting framework. The US economy is well above …

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• 14 January 2022 12:19 am

  Fed’s Evans expects four rate hikes in 2022 if inflation doesn’t abate

  

  Chicago Federal Reserve President Charles Evans said on Thursday that three rate hikes in 2022 would be a good “opening bid”, though it could be four if inflation doesn’t improve fast enough.Evans added that he is reluctant to declare that the US has reached full employment, but that inflation is …

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