Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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 …

  Read More »
• 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, …

  Read More »
• 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 …

  Read More »
• 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.

  Read More »
• 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 …

  Read More »