Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 6 January 2022 2:46 pm

  The Dollar Resumes Its Rise

  

  The US dollar rebounded to its most recent 14-month high, as the Federal Reserve’s latest meeting minutes reinforced expectations of a US interest rate hike in March. The minutes of the US central bank’s meeting in December revealed that officials discussed reducing the bank’s total holdings and raising interest rates …

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• 6 January 2022 1:34 pm

  European Shares Drop 1% After Signs of US Monetary Tightening

  

  European shares fell more than 1% on Thursday, after indications from the minutes of the Federal Reserve meeting (the US central bank) of the tendency to tighten monetary policy, which dampened the morale of investors around the world and led to turmoil in technology shares. The pan-European Stoxx 600 index …

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• 6 January 2022 12:31 pm

  German Factory Orders Rebound Sharply by 3.7% MoM

  

  The German Factory Orders rebounded more than expected in November, suggesting that Europe’s economic powerhouse’s recovery in the manufacturing sector seems to have regained traction. Contracts for goods’ Made in Germany’ jumped 3.7% on the month vs. 2.1% expected and -5.8% last, the latest data published by the Federal Statistics …

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• 6 January 2022 12:29 pm

  Gold Falls After Bond Yields Rise

  

  Gold prices fell Thursday, January 6, as US Treasury yields rose, after the minutes of the Federal Reserve’s December meeting indicated the fastest rate hike in interest rates to curb inflation. Yields on benchmark 10-year US Treasury bonds rose to the highest level since April 2021, raising the opportunity cost …

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• 6 January 2022 4:30 am

  Reuters survey: OPEC Production rose in December

  

  A Reuters survey showed on Thursday that the increase in OPEC oil production in December was also less than the increase planned under an agreement with allies, highlighting the constraints faced by production capacity that curb supply as global demand recovers from the repercussions of the Corona pandemic. The survey …

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• 6 January 2022 4:17 am

  Market Drivers – US Session – 5 January

  

  The US dollar edged lower for most of Wednesday but got an unexpected push by the US Federal Reserve’s Meeting Minutes. US policymakers use the kind of language confirming a looming interest rate hike and that the quantitative easing, stimulus asset and asset purchases are no longer necessary.The minutes document …

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• 6 January 2022 3:38 am

  UK Inflation Concerns Hit The Highest On Record For Businesses

  

  “More UK businesses than ever before are worried about inflation, and a record number are planning to increase their own prices,” said Bloomberg while conveying the latest British Chambers of Commerce (BCC) details on early Thursday morning in Asia.The news also quotes Suren Thiru, Head of Economics at the BCC …

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• 6 January 2022 3:02 am

  Australia Markit Composite PMI Confirmed At 54.9

  

  The IHS Markit Australia Composite PMI was unrevised at 54.9 in December of 2021, pointing to a slower rate of private sector output growth, however high by historical standards.Foreign demand for Australian manufactured goods improved while services exports stayed subdued amid border restrictions and COVID-19 Omicron variant fears.Both manufacturing and …

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• 6 January 2022 2:55 am

  BoJ Poised to raise CPI Projection For 2022

  

  “The Bank of Japan’s government debt holdings have fallen for the first time in 13 years as the central bank quietly adjusts its massive bond-buying program in the face of looming financial risk,” said Nikkei while conveying details of the Bank of Japan’s stealth tapering during early Thursday morning in …

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• 6 January 2022 2:25 am

  US Shares Fall Sharply on Hawkish Fed, Canadian Shares Track Wall Street Lower

  

  US stocks ended sharply lower on Wednesday after the FOMC minutes showed the Fed will likely raise rates sooner than earlier anticipated and could reduce its balance sheet shortly after it raises rates. The Dow Jones sank 393 points or 1.1% to 36407, after closing at a record level the …

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• 6 January 2022 1:01 am

  Wheels Now Put In Motion By Fed for US Balance Sheet Reduction

  

  Minutes from the Fed’s December meeting indicated that policymakers are ready to aggressively dial back policy stimulus.One key aspect, the US central bank’s balance sheet, was the subject of prolonged discussions, with policymakers pointing to a reduction in bond purchases during the coming months. Fed Members expressed concern about inflation …

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• 6 January 2022 12:12 am

  How Have Assets, Markets Reacted To FOMC Minutes?

  

  The US dollar edged lower for most of Wednesday, but eventually received an unexpected boost from the US Federal Reserve’s Meeting Minutes. Fed policymakers noted that “In light of elevated inflation pressures and the strengthening labor market, participants judged that the increase in policy accommodation provided by the ongoing pace …

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• 5 January 2022 11:54 pm

  Hawkish FOMC Minutes Sharply Drag Gold Lower

  

  `Gold falls on hawkish FOMC minutes which sent both the US dollar and yields higher. FOMC minutes point to a faster increase of the federal funds rate.Gold has fallen sharply on the back of the Federal Open Market Committee minutes that stated, ”in light of elevated inflation pressures & strengthening …

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