Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2022

• 14 January 2022 4:13 am

  Waller: Fed Balance Sheet Start Shrinking By Summer

  

  Federal Reserve’s Christopher Waller said three hikes in 2022 are still a good baseline but he said if inflation stays high there could be four or even five hikes.Additional QuotesCould also allow the balance sheet to run off earlier.Doesn’t favour 50bps Fed hike in March.Could start shrinking Fed balance sheet …

  Read More »
• 14 January 2022 4:06 am

  Crude Oil Edges Lower On Profit-Taking, Rate Hike Concerns

  

  Crude oil prices edged lower on Thursday as investors took profits after two days of gains amid fears of aggressive US interest rate hikes.Losses were cushioned by expectations of a strong economic recovery that will boost demand in a tightly supplied market. US West Texas Intermediate crude futures settled down …

  Read More »
• 14 January 2022 3:56 am

  Semiconductors: Shortages, Earnings Tell The Whole Story

  

  Taiwan Semiconductor shares surged on Thursday, as the semiconductor manufacturer said fourth-quarter earnings topped Wall Street estimates and it would boost spending for 2022 well above last year’s levels.Taiwan Semiconductor shares closed at $139.19, gaining more than 5% and just off their 52-week high of $145. More than 51 million …

  Read More »
• 14 January 2022 3:39 am

  Volatile Natural Gas Market Leads to More Dependence on Coal

  

  A new report from Rhodium Group suggested that the United States may have to play catch-up to regain progress in the fight against climate change following a year of volatile natural gas prices that led to more reliance on less expensive coal increased greenhouse gas emissions in 2021. In its …

  Read More »
• 14 January 2022 3:15 am

  Is OPEC+ Near Pumping Its Full Quota?

  

  The coming oil surplus could be much smaller than expected and could exert much less downward pressure on oil prices this year.Demand remains strong as signaled in the six-month futures spread in Brent which has more than doubled since hitting a low point in December.At the start of 2022, Omicron’s …

  Read More »
• 14 January 2022 2:55 am

  World Central Banks Start Turning Off Cash Taps

  

  Global Central Banks Start Turning Off Cash TapsAs speculation grows about when the US Federal Reserve will begin reducing the size of its balance sheet, some analysts say the era of “quantitative tightening” has already started and “quantitative easing” is over.Central bank balance sheets have ballooned since the pandemic struck …

  Read More »
• 14 January 2022 1:53 am

  EUR/USD Rallies As Traders Test US Dollar’s Long-Squeeze

  

  The EUR/USD pair buying hit overdrive on Wednesday, but the pace of gains has been more measured on Thursday. The pair is now consolidating in the 1.1450 area as traders assess whether the recent dollar long-squeeze is over.While the pair continues to trade with modest gains of about 0.1% on …

  Read More »
• 14 January 2022 1:37 am

  Visa Testing Central Bank Digital Currencies

  

  The leading card payments firm is in talks with central banks concerning a platform is designed to test CBDCs and Visa productsVisa joined its rival Mastercard in offering central banks a way to test retail applications for digital currencies they might issue.The card payment provider will begin piloting a program …

  Read More »
• 14 January 2022 12:25 am

  Outgoing Clarida: Policy Normalization In 2022 Consistent With Fed’s AIT Framework

  

  Outgoing Fed Vice Chair Richard Clarida, who will resign from his position on Friday, two weeks before the end of his term, said on Thursday that commencing policy normalization in 2022 would be entirely consistent with the Fed’s new flexible average inflation targeting framework. The US economy is well above …

  Read More »
• 14 January 2022 12:19 am

  Fed’s Evans expects four rate hikes in 2022 if inflation doesn’t abate

  

  Chicago Federal Reserve President Charles Evans said on Thursday that three rate hikes in 2022 would be a good “opening bid”, though it could be four if inflation doesn’t improve fast enough.Evans added that he is reluctant to declare that the US has reached full employment, but that inflation is …

  Read More »
• 14 January 2022 12:09 am

  UK Hospitality Suffers Lost Christmas Cash Reserves

  

  UK pubs, bars and restaurants saw hefty drop in trading over Christmas and New Year, while more Americans filed new jobless claims last week. Trading at hospitality venues slumped by 60% on Christmas Day, 31% on Boxing Day and 27% on New Year’s Eve, compared to 2019’s pre-pandemic levels.The figures, …

  Read More »
• 13 January 2022 10:20 pm

  US Shares Slip Amid Downside In Tech Names

  

  US equities mostly fell on Thursday, with losses in large-cap tech stocks leading the fall. The S&P 500 was last down about 0.5% and testing the 4700 level, while the Nasdaq 100 index was last down 1.4% and back nuder 15,700. Apple was down nearly 1.0%, Meta (Facebook) was down …

  Read More »
• 13 January 2022 9:22 pm

  Do US Wholesale Prices Signal Easing Hot Inflation?

  

  Wholesale inflation still shows lots of upward pressure on prices in the economy. The numbers: Wholesale prices rose just 0.2% in December to mark the smallest increase in 13 months, perhaps a sign that high inflation is finally starting to ease after the biggest run-up in nearly 40 years.The increase …

  Read More »