Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 15 December 2022 12:59 pm

  BoE Preview: 50 bps hike?

  

  The Bank of England (BoE) is likely to return to its conservative stance in the final meeting of this year, having delivered its biggest rate hike in 33 years in November. The BoE will announce its interest rate decision at 12:00 GMT this Thursday, accompanied by the Minutes of the …

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• 15 December 2022 12:54 pm

  SNB raises rates by 50 bps from 0.50% to 1.0%

  

  The Swiss National Bank (SNB) raised its benchmark sight deposit interest rate by 50 basis points (bps) to 1.0% from 0.50% previous, as widely expected. At the December policy meeting, the SNB hiked rates for the third consecutive meeting, summing up to a total of 175 bps of rate increases …

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• 15 December 2022 12:52 pm

  European stocks are falling, eyes on ECB

  

  European stocks fell on Thursday as investors anxiously awaited the European Central Bank’s interest rate decision, a day after the US Federal Reserve hinted it would continue to raise interest rates. The pan-European Stoxx 600 index was down 0.9 percent at 0810 GMT. The European Central Bank is widely expected …

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• 15 December 2022 3:15 am

  Market Drivers – US Session 14/12/2022

  

  The Fed decided a 50-basis point rate hike as expected, while the policy statement was closer to a copy of the previous one. The US central bank is still adopting reserved language about the possibility of recession, but with most Fed officials considering downside risks, it is fair to say …

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• 15 December 2022 2:06 am

  What Is Wall Street Saying About Fed’s Latest Rate Hike

  

  Investors are busy analyzing the potential levels of the Fed’s hawkishness. They are also digesting Wednesday’s speech by Fed Chair Jerome Powell. Fed officials projected that rates will rise at least another half a percentage point next year. That was enough to impact US stocks that became lower and at …

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• 15 December 2022 12:23 am

  Powell: No one knows if we are going to have a recession or not

  

  FOMC Chairman Jerome Powell comments on the policy outlook after the Federal Reserve’s decision to raise the policy rate by 50 basis points to the range of 4.25-4.5% following the December policy meeting.Key Quotes“Data we have received so far on inflation for October and November do show a welcome reduction …

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• 14 December 2022 11:58 pm

  Powell: Aiming at moving policy to be restrictive enough, not at rate cuts

  

  FOMC Chairman Jerome Powell comments on the policy outlook after the Federal Reserve’s decision to raise the policy rate by 50 basis points to the range of 4.25-4.5% following the December policy meeting.Key quotes“Drop in inflation will come from goods sector and by the middle of next year from housing …

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• 14 December 2022 11:01 pm

  Fed Hikes interest rate by half a percentage point as expected

  

  The Federal Reserve has decided to raise interest rates by half a percentage point at the end of its two-day policy meeting on Wednesday to continue its fight against inflation. Inflation, as noted in Tuesday’s CPI report, has eased to 7.1% in the 12 months to November from a blistering …

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• 14 December 2022 8:43 pm

  Could Powell deliver a relatively hawkish press conference?

  

  In a few minutes, at 19:00 GMT the Fed will announce its decision on monetary policy. Traders and investors expect a 50-basis points rate hike. According to some economists, in spite of positive inflation data and signs since the last meeting, to avoid an unwanted further decline in interest rates …

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• 14 December 2022 7:30 pm

  GBP/USD hovers around 1.2400 ahead of FOMC decision

  

  The GBP/USD pair fluctuates around 1.2370s, though it remains positive ahead of the Fed’s decision. UK inflation eased beneath the 11% threshold, which could cement a 50 bps rate hike by the BoE on Thursday.The GBP/USD climbs in the US session as traders brace for the Federal Reserve’s (Fed) last …

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• 14 December 2022 4:28 pm

  Dollar falling after US inflation data is less than expected

  

  The dollar traded near its weakest levels in months against the euro and the pound sterling on Wednesday, after falling overnight on pressure from softer-than-expected inflation data that raised bets that the Federal Reserve will slow the pace of interest rate hikes. After raising interest rates four times in a …

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• 14 December 2022 3:33 pm

  Oil is stable amid rising inventories and expectations of a recovery in demand in 2023

  

  Oil prices were largely stable on Wednesday, amid bleak signs from data on a surprise build in US crude stockpiles and forecasts by OPEC and the International Energy Agency for oil demand to recover over the next year. Brent crude futures fell 17 cents, or 0.2 percent, to $80.51 a …

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• 14 December 2022 1:36 pm

  Gold prices settled amid ahead of rate decision

  

  Gold prices traded in a narrow range on Wednesday as investors awaited the Federal Reserve’s policy decision later in the day after lower-than-expected inflation data raised expectations for a moderate path in interest rate hikes. There was little change in the price of gold in spot transactions, and it settled …

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