Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 31 January 2022 11:26 pm

  Fed’s Bostic Expects Three Rate Hikes In 2022

  

  Federal Reserve Bank of Atlanta President Raphael Bostic on Monday said that he expects three rate hikes in 2022, in a reiteration of remarks made over the weekend. He clarified that a 50bps move in March was not the Fed’s preferred policy action and that the Fed is not fixed …

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• 31 January 2022 10:40 pm

  EUR/USD Traders Exploit Critical Resistance In US Session

  The EUR/USD pair is on the verge of an important upside break on the hourly charts. Bulls have their eyes set on a significant correction of last week’s bearish close and eye the 61.8% retracement level of the daily bearish impulse. The M-formation is compelling. This is a decline pattern …

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• 31 January 2022 10:25 pm

  Fed’s George: Aggressive balance sheet reduction may allow shallower rate path

  

  Kansas City Fed President Esther George said on Monday that the Federal Reserve can move sooner to start reducing its bond holdings than in the past and aggressive action to shrink the US central bank’s portfolio.“What we do on the balance sheet will likely affect the path of policy rates …

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• 31 January 2022 9:46 pm

  Will BoE hike rates on Thursday?

  

  The Bank of England will announce its decision on monetary policy this week. Market consensus points to a rate hike of 25bp to 0.50%. Analysts at Danske Bank see the BoE raising rates three times in 2022 (February, May and November) and consider that expectations of five hikes as being …

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• 31 January 2022 9:38 pm

  Daly: Fed’s QT Could Still Support US Economy

  

  Federal Reserve Bank of San Francisco President Mary Daly on Monday noted that if the Federal Funds rate was to reach 1.25% by the end of the year, that would be quite a bit of tightening but still supportive of the economy. Seemingly, Daly is talking about the possibility of …

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• 31 January 2022 9:29 pm

  SNB Chair Jordan: We have to take inflation developments seriously

  

  Swiss National Bank Chairman Thomas Jordan told Swiss broadcaster SRF on Monday that we have to take inflation developments seriously, and that while some of this inflation is certainly temporary, all central banks have to be careful it doesn’t become permanent. Jordan reiterated that inflation is expected to come down …

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• 31 January 2022 9:18 pm

  NFP expected to fall by 100000 in January

  

  On Friday 4 February, the US official employment report will be released. Market consensus is for an increase in payrolls of 155K while Wells Fargo expects a decline by 100K. They anticipate average hourly earnings to rise by 0.6% during January.Key Quotes: “In recent months, there have been substantial revisions …

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• 31 January 2022 8:30 pm

  NZD/USD Rebounds Amid Improved Risk Appetite

  

  The NZD/USD pair is enjoying a modest rebound from the 14-month lows it struck last Friday amid improved risk appetite. Traders will have plenty of US data, Fed speakers’ statements and remarks, in addition to Q4 NZ jobs data to monitor this week.A more risk-on mood in global equity and …

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• 31 January 2022 8:01 pm

  Chicago PMI Surges in January

  

  Activity at factories in the U.S. Midwestern region defied expectations by gaining momentum in January. The Chicago purchasing managers’ index (PMI) delivered a fresh reading of 65.2, indicating manufacturing expansion accelerated in the first month of 2022, rising from December’s upwardly revised 64.3 and coming in well above the 61.7 …

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• 31 January 2022 7:37 pm

  Forecasts from eight major banks on RBA’S monetary policy

  

  The Reserve Bank of Australia will meet on Tuesday, 1 February, forecasts by the economists and researchers of eight major banks regarding the upcoming central bank’s decision are worth considering. The RBA is expected to end its pandemic-related bond-buying program while market participants speculate policymakers will bring forward rate hikes’ …

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• 31 January 2022 6:09 pm

  Market Drivers – European Session 31-1-2022

  

  There were no strong market drivers during the European session. The Eurozone economy expanded by 0.3% on quarter in the three months to December of 2021, meeting 0.3% expected and 2.3% prior, the preliminary estimate showed on Monday. Germany’s Harmonized Index of Consumer Prices (HICP), which is the ECB’s preferred …

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• 31 January 2022 5:53 pm

  Gold is Heading For Its Worst Monthly Performance Since September

  

  The price of gold fell on Monday and is heading to record the largest monthly decline since September, while the markets expect to raise the US interest rate on the back of economic data, and the rise of the dollar affected the price of gold. Spot gold prices are trading …

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• 31 January 2022 5:05 pm

  Oil Prices Rise Amid Geopolitical Risks

  

  Oil prices rose on Monday as supply shortages and political tensions in Eastern Europe and the Middle East put prices on track for their biggest monthly gain in nearly a year. Brent crude, the benchmark, rose 66 cents, or 0.7 percent, to $90.69 a barrel by 1005 GMT. The March …

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