Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 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 …

  Read More »
• 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 …

  Read More »
• 14 January 2022 12:09 am

  UK Hospitality Suffers Lost Christmas Cash Reserves

  

  UK pubs, bars and restaurants saw hefty drop in trading over Christmas and New Year, while more Americans filed new jobless claims last week. Trading at hospitality venues slumped by 60% on Christmas Day, 31% on Boxing Day and 27% on New Year’s Eve, compared to 2019’s pre-pandemic levels.The figures, …

  Read More »
• 13 January 2022 10:20 pm

  US Shares Slip Amid Downside In Tech Names

  

  US equities mostly fell on Thursday, with losses in large-cap tech stocks leading the fall. The S&P 500 was last down about 0.5% and testing the 4700 level, while the Nasdaq 100 index was last down 1.4% and back nuder 15,700. Apple was down nearly 1.0%, Meta (Facebook) was down …

  Read More »
• 13 January 2022 9:22 pm

  Do US Wholesale Prices Signal Easing Hot Inflation?

  

  Wholesale inflation still shows lots of upward pressure on prices in the economy. The numbers: Wholesale prices rose just 0.2% in December to mark the smallest increase in 13 months, perhaps a sign that high inflation is finally starting to ease after the biggest run-up in nearly 40 years.The increase …

  Read More »
• 13 January 2022 8:21 pm

  Brainard: Fed actions will bring inflation down

  

  Fed Vice Chair nominee Lael Brainard, speaking at a hearing before the Senate Banking Committee on Thursday, said that the Fed’s actions will bring inflation down whilst also allowing the US labour market to make a full recovery. So far in the hearing, Brainard has not been questioned extensively on …

  Read More »
• 13 January 2022 6:21 pm

  Annual PPI Rises to 9.7% in December

  

  The headline US Producer Price Index (PPI) rose at an annual pace of 9.7% in December, according to the latest report from the US Bureau of Labor Statistics on Thursday. That marked a new series record high (PPI was first reported back in 2011) but was slightly below the median …

  Read More »
• 13 January 2022 5:40 pm

  US: Weekly Initial Jobless Claims Rise to 230K

  

  There were 230,000 initial claims for unemployment benefits in the US during the week ending January 8, data published by the US Department of Labor (DoL) revealed on Thursday. This reading followed last week’s print of 207,000 and came in above consensus market expectations for 200,000. to be updated …

  Read More »
• 13 January 2022 4:25 pm

  Gold Falls as US Bond Yields Rise

  

  Gold prices fell somewhat on Thursday, with the US Treasury bond yields rising, which compensated some of its previous losses, but the precious metal remained close to its one-week highs recorded in the previous session, as the dollar continued its decline. The price of gold futures in the United States …

  Read More »
• 13 January 2022 2:52 pm

  EIA: US Oil Production May Reach a New Record by 2023

  

  The US Energy Information Administration expects US oil production to exceed pre-pandemic levels over the next year, supported by a jump in shale oil production, with high prices spurring producers to increase production. In its January Short-Term Energy Outlook, the administration said average US crude production could record 12.4 million …

  Read More »
• 13 January 2022 1:35 pm

  Oil Retreats And Gives up Some of Its Gains

  

  Oil prices fell on Thursday, January 13, giving up some of their gains in the previous two sessions, amid uncertainty about demand in the near term as Omicron infections surged around the world. US benchmark West Texas Intermediate crude contracts fell 20 cents, or 0.2%, to $82.44 a barrel at …

  Read More »
• 13 January 2022 1:05 pm

  The Turkish Lira is Down 2.5%

  

  The Turkish lira fell about 2.5 percent on Thursday, after rising the previous day, as fears of rising inflation due to unconventional policies aimed at boosting exports and growth persisted. The lira settled at 13.62 against the dollar at 0610 GMT, down from 13.2890 at the close the previous day. …

  Read More »
• 13 January 2022 12:42 pm

  Japanese Stocks Close Lower Due to Increased Cases of Coronavirus

  

  Japan’s Nikkei fell on Thursday after a jump in COVID-19 cases prompted sell-offs in retail and other service providers, and technology shares fell. The Japanese Nikkei index closed down 0.96 percent to record 28,489.13 points, while the broader Topix index fell 0.68 percent. Japan recorded a rise in new cases …

  Read More »