Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2022

• 16 February 2022 11:38 pm

  Fed rate decisions will be made on meeting-by-meeting basis

  

  Federal Reserve officials last month agreed that, with inflation widening its grip on the economy and employment strong, it was time to tighten monetary policy, but also that decisions would depend on a meeting-by-meeting analysis of data, according to minutes of the Jan. 25-26 policy meeting.Participants agreed that the US …

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• 16 February 2022 11:23 pm

  FOMC Minutes: Most Policymakers Suggested Faster Interest Rate Hike

  

  The minutes of the 25-26 January FOMC meeting, released on Wednesday, said that most participants suggested that a faster pace of increases in the target rate for the Federal Funds rate than in the post-2015 period would likely be warranted. Additional Quotes Participants continued to stress that maintaining flexibility to …

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• 16 February 2022 11:16 pm

  Us Treasury Yields Sharply Fluctuate On Comments By Fed’s Harker

  

  US Treasury yields retreated on Wednesday’s session, despite the significant improvement in the US retail sales figures which came as a result of statements out of the Federal Reserve that reflected the adherence of members of the Central Bank’s Board of Governors not to exceed the rate hike next March …

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• 16 February 2022 10:56 pm

  Gold Awaiting FOMC Minutes For Direction

  

  Gold prices found good support in the $1850 area and has advanced on Wednesday in the run-up to Fed minutes. Geopolitical angst regarding Russia/Ukraine remains elevated, underpinning gold, which is also being supported by technical factors.The price of the yellow metal is going and froing between the day’s range of …

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• 16 February 2022 10:49 pm

  Lane: BoC will be forceful in using tools to combat inflation

  

  Bank of Canada Deputy Governor Timothy Lane said on Wednesday that the central bank will be nimble and, if necessary, forceful in using its monetary policy tools to tackle inflation, according to Reuters.We are alert to the risk that inflation may again prove more persistent, he continued, adding that we …

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• 16 February 2022 10:20 pm

  EUR/USD Eying Golden Ratio

  

  As per a series of analyses this week, EUR/USD bulls are eying 61.8% golden ratio, but bears are in the slipstream, and EUR/USD bulls tread around with caution in a field of land mines and disruptive Russian headlines, meanwhile the price stays on course.Analysis has also taken into account the …

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• 16 February 2022 10:13 pm

  Kazimir Defends ECB Policy In Clash With Minister Over Prices

  

  Some European Central Bank officials are coming under increasing heat from Eurozone governments as accelerating inflation stokes tension.Governing Council member Peter Kazimir of Slovakia defended the Frankfurt-based ECB on Wednesday against his country’s economy minister, Richard Sulik, who said asset purchases under the bank’s quantitative easing program were hurting consumers. …

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• 16 February 2022 9:58 pm

  Canadian Dollar Gains As Investors Digest Hot Inflation Data

  

  The Canadian dollar strengthened against its US counterpart on Wednesday as oil prices rose and domestic data showed inflation further heating up in January.Canada’s annual inflation rate accelerated in January to a 30-year high of 5.1%, as food and housing costs continued to rise, while the average of the Bank …

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• 16 February 2022 9:40 pm

  US Retail Sales Hit Record Highlighting Economic Strength

  

  US retail sales increased to a fresh record high in 10 months in January, lifting the level of sales to a record high amid a surge in purchases of motor vehicles and other goods, but higher prices could limit the boost to economic growth this quarter.The report from the Commerce …

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• 16 February 2022 9:08 pm

  Ukraine’s Intelligence: No evidence of Russian withdrawal

  

  The latest Ukrainian intelligence report on Wednesday showed no evidence of any withdrawal of Russian troops from near Ukraine’s border, Ukrainian Defence Minister Oleksii Reznikov told Reuters. Russian and separatist forces amassed at Ukraine’s borders continue to amount to about 140,000, he added. This week’s massive cyber-attack did not damage …

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• 16 February 2022 8:59 pm

  What Kind of Unkind Surprise Could FOMC Minutes Bring About?

  

  The Federal Reserve is scheduled to release minutes of its January meeting later Wednesday but the market seems to have already moved on.With minutes from the US Federal Reserve’s January meeting due out Wednesday, crypto traders might be forgiven for dismissing them entirely.Look how drastically the environment has changed in …

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• 16 February 2022 8:38 pm

  Kashkari: Fed Will Do What Is Needed To Bring Back Balance

  

  Minneapolis Federal Reserve President and FOMC member Neel Kashkari said on Wednesday that the Fed is going to do what is needed to bring the economy back into balance. Some of the inflation should fade on its own as stimulus fades and people switch to buying services, he added. Kashkari …

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• 16 February 2022 8:27 pm

  NFB: Canada’s Economic weaknesses not coinciding with disinflation

  

  The Canadian Consumer Price Index (CPI) rose in January 0.9% above the 0.6% of market consensus, showed data released on Wednesday.Analysts at the National Bank of Canada point out that annual inflation continues to rise with widespread price increases despite the slowdown in economic activity in January. Key Quotes: “The …

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