Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 27 January 2022 12:39 am

  US Dollar Moves To Top Spot On CSI, Fed Powell’s Comments

  

  The US dollar and yields have shot higher, extending the post-Fed statement gains during Fed Powell’s hawkish pivot. Bulls have got behind a faster pace of tightening than what had been priced in. The Federal Reserve did what was expected from them in the main and there had been low …

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• 27 January 2022 12:30 am

  Powell: There is a risk high inflation will be prolonged

  

  Fed Chair Jerome Powell, in his usual post-Fed meeting press conference on Wednesday, said there is a risk high inflation will be prolonged, even though it’s not our base case. Additional Remarks:“We have to be able to address all plausible outcomes.”“We need to be in a position to address the …

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• 26 January 2022 11:45 pm

  GBP/USD Little Changed After FOMC Meeting

  

  GBP/USD has exhibited a choppy post-Fed reaction, swinging from just above 1.3500 pre-announcement to as high as the 1.3520s and then lower again to current levels around 1.3510. There hasn’t been much follow-through in terms of an FX market reaction in wake of the Fed’s latest monetary policy decision, which …

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• 26 January 2022 11:30 pm

  EUR/USD: Fed’s Statement Fails To Move The Needle Out Of Familiar Territories

  

  The Federal Open Market Committee’s two-day meeting has concluded on Wednesday and the statement has been released along with the Fed’s interest rate decision in a highly anticipated event for financial markets.Markets were expecting the Fed to give guidance on asset purchases that were expected to conclude in March. However, …

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• 26 January 2022 11:19 pm

  First US Post-Pandemic Rate Hike In March Is Likely

  

  The US Federal Reserve announced on Wednesday that the FOMC had agreed to leave the Federal Funds target range unchanged at 0.0-0.25%, in line with expectations. The central bank said that it would soon be appropriate to raise the Federal Funds rate, the strong hint that many market participants would …

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• 26 January 2022 11:09 pm

  Fed Leaves Policy Rate Unchanged

  

  The US Federal Reserve announced on Wednesday that the FOMC had agreed to leave the Federal Funds target range unchanged at 0.0-0.25%, in line with expectations. The US central bank has said it will soon be appropriate to raise rates.

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• 26 January 2022 11:05 pm

  EUR/USD Subdued As Traders Get Ready For Fed

  

  The European shared currency edges low, amid a risk-on market mood ahead of the Fed. The EUR/USD pair is downward biased though upside risks remain if the Fed fails to deliver a hawkish statement and could expose resistance levels at 1.1314 and 1.1398.A hawkish Fed statement could expose support levels …

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• 26 January 2022 10:36 pm

  Gold Benefits From Risk Appetite Ahead Of Fed’s Decisions

  

  Spot gold (XAU/USD) prices have been under selling pressure in recent trade, dropping from the mid-$1840s prior to the US open to around the $1830 as the Fed monetary policy announcement at 1330GMT looms. A combination of pre-Fed profit-taking and short-term, intra-day technical selling have been cited as the reason …

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• 26 January 2022 8:38 pm

  Could Fed Announce US Economy’s Near Full Employment?

  

  Federal Reserve officials have been emphasizing rapid progress in the labour market as they prepare to raise interest rates. Jerome Powell, the Federal Reserve chair, is likely to talk about how the strong labour market might interact with inflation this year. Federal Reserve officials are expected to emphasize on Wednesday …

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• 26 January 2022 8:21 pm

  BoC’s Macklem: Rates Will Have To Rise To Counter Inflation

  

  In his post-BoC policy announcement and Monetary Policy Report release press conference on Wednesday, Governor Tiff Macklem said that interest rates will have to go up to counter inflation. Canadians should expect a rising path of interest rates, given the BoC is committed to bringing inflation back to target. Main …

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• 26 January 2022 8:08 pm

  Positive Risk Sentiment Boosts The Dollar

  

  The US dollar advances some 0.27% ahead of the release of the Fed monetary policy statement. The USD/CHF is upward biased but faces strong resistance at the 100-DMA. The USD/CHF surges in the North American session reclaim the 0.9200 figure ahead of the FOMC monetary policy decision. The pair is …

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• 26 January 2022 7:57 pm

  USD/CAD Surges As BoC Disappoints Hawkish Bets For Surprise Rate Hike

  

  The USD/CAD pair surged from the 1.2560s to the 1.2630 area after the Bank of Canada on Wednesday opted to hold interest rates at 0.25%, disappointing calls from a minority of market participants and economists for a 25bps rate hike to 0.50%.Ahead of the meeting, a Bloomberg poll revealed that …

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• 26 January 2022 7:32 pm

  BoC Leaves Policy Rate Unchanged, Signals Hike In March

  

  The Bank of Canada announced on Wednesday that it was holding its overnight interest rate at 0.25%, as the majority of market participants had been expecting. Note that a minority had expected a 25bps rate hike to 0.50%. The central bank also signaled that a rate hike would likely be …

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