Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 16 March 2022 11:39 pm

  Powell: Balance sheet reduction plan could be finalized at next meeting

  

  US Fed Chair Jerome Powell, in his post-FOMC meeting press conference on Wednesday, said that the committee made excellent progress on their balance sheet reduction plan which could be finalized at the next meeting. Key Remarks:“By end of this year, policymakers are broadly at, or above, their estimates of the …

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• 16 March 2022 11:23 pm

  Gold Index Touches Fresh Lows After Fed’s Decision

  

  The Gold Index is eroding support at $1,900 on a 9% reversal from $2,065 highs. Gold’s spikes down to $1,894 lows after Fed’s rate hike. Muted reaction after the Federal Reserve confirms market expectations. Gold futures have spiked down to fresh two-week lows at $1,894 per troy ounce on Wednesday …

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• 16 March 2022 11:06 pm

  Powell: If appropriate, can move rates up more quickly

  

  Fed Chair Jerome Powell said in his post-FOMC meeting press conference on Wednesday that every meeting going forward is going to be a live meeting (i.e. there could be a 25bps rate hike) and, if it’s appropriate to move rates up more quickly, we will do so. Additional Quotes:“It’s certainly …

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• 16 March 2022 10:50 pm

  Powell: US Economy Very Strong, Labour Markets Extremely Tight, Inflation Above Goal

  

  Fed Chair Jerome Powell said in his post-FOMC meeting press conference on Wednesday that the US economy is very strong and the Fed thus expects to reduce the size of its balance sheet. The slowdown from Omicron was mild and brief, Powell added, noting that labour markets are extremely tight …

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• 16 March 2022 10:24 pm

  How Important Is Fed’s First Rate Hike Since 2018 To Future of US Economy?

  

  The Federal Reserve has just raised its benchmark interest rate for the first time since 2018, but it is already time for the market to look beyond this move. While there are complicating factors such as the war in Ukraine, the most prominent issue for the Fed is that economic …

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• 16 March 2022 10:04 pm

  Fed lifts rate by 25bps, signals more hikes

  

  The US Federal Reserve announced on Wednesday that the Federal Open Market Committee (FOMC) had voted to lift the Federal Funds Rate (FFR) target range to 0.25-0.50% from 0.00-0.25%, as expected. In the Fed’s updated statement on monetary policy, it signaled that further rate hikes would likely be appropriate, as …

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• 16 March 2022 9:11 pm

  Russia on verge of debt default amid sanctions

  

  Russia is spiraling closer to a historic debt default that could ripple throughout the global economy after the U.S. and its European allies hit the Kremlin with a slew of crippling financial sanctions. Moscow’s invasion of Ukraine nearly one month ago, the biggest attack on a European state in decades, …

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• 16 March 2022 8:58 pm

  USD/CAD Edges Lower Ahead Of FOMC Decision

  

  The Canadian dollar advances some 0.30% vs. the greenback amid an increased risk appetite. Discussions between Russia-Ukraine would continue, though fighting remains. The USD/CAD pair slides for the second straight day in the week, ahead of the FOMC monetary policy decision amid a risk-on market mood, as geopolitical jitters around …

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• 16 March 2022 8:36 pm

  USD/JPY Maintains Pre-Fed Strength

  

  The USD/JPY pair continues to move higher and, just under 118.50, is on course for an eighth successive day in the green territory.The pair is eyeing a break above late-2016/early-2017 highs in the 118.60s. Markets are risk-on in the lead up to the Fed announcement amid signs of progress in …

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• 16 March 2022 7:25 pm

  Ukraine Rejects Neutrality In Peace Discussions

  

  Ukraine has reportedly rejected Russian claims that it was open to adopting a model of neutrality comparable to Sweden in peace talks, reported the Independent on Wednesday. Russian negotiators said that Kyiv had offered to become a de-militarised state, but Ukraine responded by saying that it needs “legally verified security …

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• 16 March 2022 6:31 pm

  Market Drivers – European Session 16-3-2022

  

  Canadian inflation hit 5.7% YoY in February, according to Statistics Canada’s latest headline Consumer Price Index (CPI) release on Wednesday. That was above the expected rise to 5.5% from 5.1% in January. The MoM increase in the headline CPI in February was 1.0%, a little above the 0.9% expected and …

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• 16 March 2022 5:32 pm

  Canada: Annual CPI rises to 5.7% in February

  

  Canadian inflation hit 5.7% YoY in February, according to Statistics Canada’s latest headline Consumer Price Index (CPI) release on Wednesday. That was above the expected rise to 5.5% from 5.1% in January. The MoM increase in the headline CPI in February was 1.0%, a little above the 0.9% expected and …

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• 16 March 2022 4:47 pm

  USD/JPY closer to highest level since 2018

  

  The dollar index fell against the major currencies during Wednesday’s trading before the Federal Reserve’s decision, while the US currency traded near a 5-year high against the yen. The US central bank is expected to implement its first rate hike since 2018 later in the day amid uncertainty over the …

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