Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2022

• 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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• 14 December 2022 1:02 pm

  Nikkei closed at a two-week high amid hopes of a slowdown in US interest rate hikes

  

  Japan’s Nikkei average closed at a two-week high on Wednesday, tracking Wall Street’s gains as lower-than-expected US inflation data reinforced expectations that the Federal Reserve may ease the pace of interest rate hikes. The Nikkei rose 0.72% to 28,156.21, its highest close since December 1. The broader Topix index rose …

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• 14 December 2022 1:51 am

  Market Drivers – US Session 13/12/2022

  

  Economic data dragged the US dollar down after Tuesday’s US Consumer Price Index reading that rose by 7.1% on a yearly basis in November, versus previous 7.7% in October. In the same period, core CPI, which excludes volatile food and energy prices, rose by 6%, below the 6.1% expected.The encouraging …

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• 13 December 2022 11:23 pm

  Will Fed step down pace of interest rate hiking?

  

  Tomorrow is Jerome Powell’s last FOMC speech for 2022. The Federal Reserve has previously signaled a general tendency to step down the pace of interest rate hikes upon concluding its two-day meeting on Wednesday, with extensive expectations of a half-point rate hike to a range of 4.25% to 4.5%. Nevertheless, …

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• 13 December 2022 8:27 pm

  Forecasts By Five Major Banks on November’s UK CPI Reading

  

  The UK will release the Consumer Price Index data on Wednesday, December 14. Economists and researchers of five major banks have provided their expectations on the awaited data as follows:Headline is expected at 10.9% year-on-year versus 11.1% in October while Core, which excludes volatile food and energy prices, is expected …

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• 13 December 2022 7:28 pm

  USD/CAD sinks after US CPI data

  

  The Canadian Dollar is breaking out on the back of the softer than expected CPI data in the United States. Technically speaking, the bears have eyes on 1.3380 as a possible last defense for a much deeper correction versus the US dollar.The Canadian Dollar, which had already been heading up …

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