Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 11 January 2022 8:24 pm

  Powell: US Economy Able to Address Current, Future Covid-19 Waves

  

  Fed Chair Jerome Powell, speaking at the Senate hearing for his re-nomination, reiterated on Tuesday that he expects the economy to be able to deal with the current and future Covid-19 outbreaks. He also noted that inflationary pressures are set to remain elevated well into 2022. Jerome Powell, added that …

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• 11 January 2022 7:49 pm

  Crude Oil Retreats From Session Highs As US Shares Drop

  

  WTI crude oil has pulled back from session highs above $80.00 as US equities came under selling pressure at the opening of the North American session.Crude oil is expected to continue to perform better than equities, which are suffering from the Fed’s hawkish policy, if the demand outlook remains strong.Amid …

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• 11 January 2022 7:16 pm

  Fed Remains Alert To Counter Accelerating Inflation

  

  The US Federal Reserve will use all the available and necessary tools to support the American economy and to help the labour market to grow stronger.Fed is determined to prevent higher inflation from becoming entrenched according to the prepared remarks from Jerome Powell confirmation hearing before the Senate Banking Committee. …

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• 11 January 2022 6:03 pm

  Fed’s Clarida Announces Resignation

  

  Fed policymaker Richard Clarida announced on Monday that he would resign from his post as Vice Chairman of the FOMC on Friday, two weeks before his term on the central bank’s board of governors had originally been scheduled to end. His announcement of early resignation follows a recent increase in …

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• 11 January 2022 4:08 pm

  Fed’s Bostic: March Reasonable For first-Rate Increase

  

  The markets are awaiting the testimony of US Federal Reserve Chairman, Jerome Powell, today, but it is not only Jerome Powell who will be speaking today but also several US Fed officials, first and foremost Raphael Bostic. Atlanta Federal Reserve President Raphael Bostic told Reuters on Tuesday that March would …

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• 11 January 2022 3:53 pm

  European shares rise, buoyed by a Rebound in Technology Shares

  

  European shares rose on Tuesday, with investors returning to the technology sector after declining for seven days due to fears of rising interest rates. A group of positive corporate results also supported stocks. The pan-European Stoxx 600 index rose 1.1 after US stocks rose in late trading, supporting Asian stocks. …

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• 11 January 2022 2:38 pm

  The Dollar is Falling Before Powell

  

  The dollar fell on Tuesday but remained within its recent swing range as investors awaited a speech by US Federal Reserve Chairman Jerome Powell at a session of Congress later on Tuesday. European shares rose in early trading after a rebound in late trading in the US stock market, while …

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• 11 January 2022 2:11 pm

  A Marginal Decline in The Unemployment Rate in The Euro area in November

  

  The unemployment rate in the eurozone declined marginally in November, that is, before the start of the Omicron outbreak, which caused lockdowns in a number of countries on the continent, due to its rapid spread. And data from the statistics agency Eurostat revealed on Monday that the unemployment rate fell …

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• 11 January 2022 1:19 pm

  Gold Rises With Falling Treasury Yields And Anticipation of US Inflation Data

  

  Gold prices rose on Tuesday, January 11th, supported by a decline in the dollar and US Treasury yields, as investors awaited the release of inflation data for December, this week, which may support a decision by the Federal Reserve to raise interest rates sooner than expected. And the price of …

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• 11 January 2022 4:36 am

  Market Drivers – US Session – 10 January

  

  The US dollar seesawed between gains and losses, attempting to find a clear direction and led by US Treasury yields once again. As the 10-year U.S. Treasury yield spiked to start 2022, investors have been rotating into more cyclical and value names. On Monday, the 10-year climbed as high as …

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• 11 January 2022 4:06 am

  Crude Oil Falls On Easing Supply Disruptions

  

  Oil prices weakened Monday as supply problems in Kazakhstan and Libya eased, while concerns grew about the rapid rise of Omicron cases in China, the second largest economy in the world. West Texas Intermediate, the benchmark for US crude, settled down by 67 cents, or 0.9%, at $78.24 per barrel. …

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• 11 January 2022 2:41 am

  Tuesday’s Powell Testimony Remarks Released

  

  Federal Reserve Jerome Powell will appear before the Senate for his official reappointment hearing on Tuesday. In prepared remarks he will state that the “economy is expanding at its fastest pace in many years, labor market is strong”. On Monday, Powell’s prepared remarks for reappointment confirmation hearing were released. Powell …

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• 11 January 2022 2:17 am

  Could Omicron Worsen Labour Shortage, Slows Economy, Boost Inflation?

  

  The majority of grocery stores have had trouble stocking up during the pandemic due to shortages of supplies and labour. Omicron is adding to the present trouble. Canceled flights, bare shelves at grocery stores, reduced bus schedules and schools closed due to staff shortages are only a few examples.The rapid …

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