Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The US dollar’s strength continues on Tuesday despite the declining Manufacturing PMI data. On the other hand, the Euro extends its losses as a reaction to Germany’s inflation data. So far, the dollar recovered and reached fresh two-week highs, although T-yields retreated.The US Dollar Index climbs close to 1%, at …

Silver rallied sharply, more than 1.60%, as liquidity conditions improved on Tuesday. The stronger US dollar was no excuse for the Silver Index to print solid gains, bolstered by falling US bond yields.Falling US Treasury yields underpinned the white metal. Wall Street is expected to enjoy a higher open, even …

Data released on Tuesday has showed inflation slowdown in December in Germany more than expected. The Consumer Price Index (CPI) declined to 8.6% in December from 10% in November, but, in fact, core inflation increased further and added inflation will likely surge again in January.German inflation fell sharply from 10.0% …

Bitcoin moved closer to the $17,000 level on Tuesday, as market volume begins to pick up after new year eve holidays. This development comes as traders turn their attention to Wednesday’s FOMC minutes. At the time of writing, bitcoin trading at $16,653. Ethereum also continued to trade above $1,200 in …

The dollar rose on Monday in the first trading sessions in the new year, moving away from its lowest level in six months, which it reached recently, against a basket of major currencies. But this rise came after a recent decline as markets bet that the Federal Reserve will soon …

Turkey’s annual inflation fell to 64.27 percent in December, official data showed on Tuesday, below expectations, after hitting a 24-year high in October. The Turkish Statistical Institute said consumer prices rose 1.18 percent month-on-month, compared to the 2.7 percent expected in a Reuters poll. On an annual basis, expectations were …

Crude oil prices moved in a narrow range on Tuesday, as expectations about the future of demand were affected by a weekly survey that showed shrinking factory activity in China and the International Monetary Fund’s warning that the global economy will face a difficult year. Brent crude futures recovered from …

European stocks rose on Monday in the first trading sessions of 2023, as eurozone manufacturing data indicated that the worst had passed after a year marred by fears of a recession as central banks around the world raised interest rates. The STOXX 600 rose 1 percent, supported by the stocks …

Oil, Crude, trading

The Canadian dollar declined significantly at the end of last week’s trading as part of a gradual decline towards the target achieved during the previous session, 1.3500, to record its lowest level at 1.3524. Technically, and by looking closely at the 4-hour chart, we find that the simple moving averages …