Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 17 March 2022 4:54 am

  Solid Australian Employment Data Offer Support To AUD

  

  Australian employment sped past expectations in February as activity recovered surprisingly quickly from an Omicron outbreak, driving unemployment down to lowest since 2008. The latest data do add to pressure for an early interest rate hike. Latest floods in New South Wales and Queensland have come after the February reference …

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• 17 March 2022 3:12 am

  Market Drivers – US Session – 16 March

  

  The American dollar ended the day lower after the US Federal Reserve monetary policy decision. The US central bank hiked rates by 25 bps, as expected, with Bullard being the only dissenter voting for a 50 bps hike. Economic Data Canadian inflation hit 5.7% YoY in February, according to Statistics …

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• 17 March 2022 2:39 am

  New Zealand’s Economy Bounced Less Than Expected in Q4

  

  New Zealand’s economy grew less than economists expected in the final three months of 2021 as it bounced back from a contraction caused by a lockdown in largest city Auckland. Gross domestic product rose 3% from the third quarter, when it fell a revised 3.6%, Statistics New Zealand said Thursday …

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• 17 March 2022 2:13 am

  Gold Ignores Fed’s Seven Rate Hikes Announcement

  

  The XAU/USD Index has climbed near $1,930.00 after the announcement of the Fed’s monetary policy. An aggressive hawkish stance from the Fed has failed to deter gold bulls. The DXY has slipped near 98.40 in absence of an aggressive interest rate hike by the Fed. Gold prices have rebounded sharply …

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• 17 March 2022 1:59 am

  How Has Canadian Dollar Reacted To Inflation Data, Fed’s Decision?

  

  USD/CAD reached a new daily high after the US central bank raised the benchmark interest rate by 25 basis points, as widely estimated, the first hike since December of 2018. As Fed’s Chair Powell speaks, the USD/]CAD is trading at 1.2716. The Canadian dollar weakened severely, reacting upwards and printing …

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• 17 March 2022 12:39 am

  US Equities Bounce As Powell Mitigates Hawkish Language

  

  US stocks rebound in the Fed aftermath, S&P500 is 1.5% in the green territory. Ukraine/Russia peace talk hopes gain traction in global financial markets. The S&P 500 is in the green by 1.6% and after the volatility surrounding the Federal Reserve that on Wednesday raised its benchmark lending rate for …

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• 17 March 2022 12:02 am

  Powell: If required, Fed will hike interest rates as fast as practically possible

  

  Fed Chair Jerome Powell said in his post-FOMC meeting press conference on Wednesday that the Fed will move interest rates higher as quickly as it practically can and will move rates beyond the neutral rate if required. We will not let high inflation become entrenched, he said. Key remarks:“Nothing in …

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• 16 March 2022 11:39 pm

  Powell: Balance sheet reduction plan could be finalized at next meeting

  

  US Fed Chair Jerome Powell, in his post-FOMC meeting press conference on Wednesday, said that the committee made excellent progress on their balance sheet reduction plan which could be finalized at the next meeting. Key Remarks:“By end of this year, policymakers are broadly at, or above, their estimates of the …

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• 16 March 2022 11:23 pm

  Gold Index Touches Fresh Lows After Fed’s Decision

  

  The Gold Index is eroding support at $1,900 on a 9% reversal from $2,065 highs. Gold’s spikes down to $1,894 lows after Fed’s rate hike. Muted reaction after the Federal Reserve confirms market expectations. Gold futures have spiked down to fresh two-week lows at $1,894 per troy ounce on Wednesday …

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• 16 March 2022 11:06 pm

  Powell: If appropriate, can move rates up more quickly

  

  Fed Chair Jerome Powell said in his post-FOMC meeting press conference on Wednesday that every meeting going forward is going to be a live meeting (i.e. there could be a 25bps rate hike) and, if it’s appropriate to move rates up more quickly, we will do so. Additional Quotes:“It’s certainly …

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• 16 March 2022 10:50 pm

  Powell: US Economy Very Strong, Labour Markets Extremely Tight, Inflation Above Goal

  

  Fed Chair Jerome Powell said in his post-FOMC meeting press conference on Wednesday that the US economy is very strong and the Fed thus expects to reduce the size of its balance sheet. The slowdown from Omicron was mild and brief, Powell added, noting that labour markets are extremely tight …

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• 16 March 2022 10:24 pm

  How Important Is Fed’s First Rate Hike Since 2018 To Future of US Economy?

  

  The Federal Reserve has just raised its benchmark interest rate for the first time since 2018, but it is already time for the market to look beyond this move. While there are complicating factors such as the war in Ukraine, the most prominent issue for the Fed is that economic …

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• 16 March 2022 10:04 pm

  Fed lifts rate by 25bps, signals more hikes

  

  The US Federal Reserve announced on Wednesday that the Federal Open Market Committee (FOMC) had voted to lift the Federal Funds Rate (FFR) target range to 0.25-0.50% from 0.00-0.25%, as expected. In the Fed’s updated statement on monetary policy, it signaled that further rate hikes would likely be appropriate, as …

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