Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 27 January 2022 3:46 am

  Market Drivers – US Session – 26 January 2022

  

  The dollar is ending Wednesday firmly higher across the FX board, following the US Federal Reserve monetary policy decision.As widely anticipated, rates and taper were left unchanged, although the statement indicates that “the Committee expects it will soon be appropriate to raise the target range for the federal funds rate.” …

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• 27 January 2022 3:34 am

  New Zealand Inflation Data Hits 30 -Year High

  

  Consumer prices in New Zealand rose the most in three decades last quarter, reinforcing the outlook for higher interest rates after the Federal Reserve added momentum to the global withdrawal of pandemic-era stimulus.New Zealand’s consumer price index for the October-December quarter was 5.9% higher than a year earlier, an acceleration …

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• 27 January 2022 3:25 am

  KSA Expected To Hike Oil Price On Robust Demand

  

  Saudi Arabia is expected to raise the official selling prices of all its crude grades sold in Asia next month on the back of solid demand and refining margins.Saudi Arabia usually sets the official selling prices (OSPs) of its crude for the following month around the fifth of each month, …

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• 27 January 2022 3:16 am

  Oil Price Peaks Up To $90 Level For First Time Since 2014

  

  Brent crude futures rose more than 2% on Wednesday, surpassing $90 a barrel for the first time since 2014. The price of oil surpassed $90 a barrel on Wednesday, its highest mark in eight years as limited supply coupled with the prospect of a Russian invasion of Ukraine sent energy …

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• 27 January 2022 2:52 am

  NZD/JPY Seesaws Around 76.28 Post-FOMC Meeting

  

  On Wednesday, the NZD/JPY clings to its gains, up some 0.10%, amid a risk-off environment. A risk-off market mood triggered an equities selloff in the US stock market, influencing risk-sensitive currencies, like the NZD.The NZD/JPY is downward biased though a break above 77.00 would expose crucial DMAs. The NZD/JPY edges …

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• 27 January 2022 2:46 am

  XAU/USD Bears Sink Their Teeth Into The Market On Hawkish Powell

  

  Gold prices have dropped and now trading at $1,817.59. Gold is moving towards the close and down some 1.65% after falling from a $1,850.11 high to test a low of $1,814.98. The drop came on the back of a hawkish twist at the Federal Reserve event on Wednesday.Initially, the Federal …

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• 27 January 2022 2:00 am

  Tesla Q4 Earnings Beating Record Profit, But Shares Drop

  

  Tesla stock dropped after the company reported better-than-expected earnings for Q4. But the automaker’s fourth-quarter results might not be good enough for investors.Tesla reported earnings of $2.54 a share in the fourth quarter from $17.7 billion in sales Tesla reported earnings for Q4 after the close on Wednesday. Earnings per …

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• 27 January 2022 12:50 am

  Powell Expects Progress On Inflation In Second Half Of 2022

  

  In his usual post-Fed meeting press conference, Fed Chair Jerome Powell said on Wednesday that he expects to see progress on inflation in the second half of 2022.Main Quotes: “It’s a very, very tight labor market.”“We think there’s a pool of people who could come back to labor force, but …

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• 27 January 2022 12:44 am

  S&P 500 Slumps Amid Fed’s Powell Press Conference

  

  The S&P 500 faced strong resistance at the 200-DMA followed by a sharp drop approaching January 25 daily lows at 4,287. The S&P 500 plunges almost 1% during the New York session. After the Federal Reserve announced that it keep the Federal Funds Rates (FFR) unchanged at the 0 to …

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• 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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