Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 26 January 2022 11:09 pm

  Fed Leaves Policy Rate Unchanged

  

  The US Federal Reserve announced on Wednesday that the FOMC had agreed to leave the Federal Funds target range unchanged at 0.0-0.25%, in line with expectations. The US central bank has said it will soon be appropriate to raise rates.

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• 26 January 2022 11:05 pm

  EUR/USD Subdued As Traders Get Ready For Fed

  

  The European shared currency edges low, amid a risk-on market mood ahead of the Fed. The EUR/USD pair is downward biased though upside risks remain if the Fed fails to deliver a hawkish statement and could expose resistance levels at 1.1314 and 1.1398.A hawkish Fed statement could expose support levels …

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• 26 January 2022 10:36 pm

  Gold Benefits From Risk Appetite Ahead Of Fed’s Decisions

  

  Spot gold (XAU/USD) prices have been under selling pressure in recent trade, dropping from the mid-$1840s prior to the US open to around the $1830 as the Fed monetary policy announcement at 1330GMT looms. A combination of pre-Fed profit-taking and short-term, intra-day technical selling have been cited as the reason …

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• 26 January 2022 8:38 pm

  Could Fed Announce US Economy’s Near Full Employment?

  

  Federal Reserve officials have been emphasizing rapid progress in the labour market as they prepare to raise interest rates. Jerome Powell, the Federal Reserve chair, is likely to talk about how the strong labour market might interact with inflation this year. Federal Reserve officials are expected to emphasize on Wednesday …

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• 26 January 2022 8:21 pm

  BoC’s Macklem: Rates Will Have To Rise To Counter Inflation

  

  In his post-BoC policy announcement and Monetary Policy Report release press conference on Wednesday, Governor Tiff Macklem said that interest rates will have to go up to counter inflation. Canadians should expect a rising path of interest rates, given the BoC is committed to bringing inflation back to target. Main …

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• 26 January 2022 8:08 pm

  Positive Risk Sentiment Boosts The Dollar

  

  The US dollar advances some 0.27% ahead of the release of the Fed monetary policy statement. The USD/CHF is upward biased but faces strong resistance at the 100-DMA. The USD/CHF surges in the North American session reclaim the 0.9200 figure ahead of the FOMC monetary policy decision. The pair is …

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• 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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