Noor Trends News, Technical Analysis, Educational Tools and Recommendations

A strong bearish trend dominated the movements of the Canadian dollar due to the impact of the bearish technical structure referred to during the previous head and shoulders analysis, recording its lowest level in the last trading session at 1.3308. Technically, we tend to the negativity, relying on the clear …

Oil, Crude, trading

Negative trading returned to control the movements of US crude oil futures prices, with the increase in crude oil inventories, as indicated by the report issued by the International Energy Agency last Wednesday, recording its lowest level yesterday at $84.74 per barrel. Technically, by looking at the 4-hour chart, we …

Gold prices achieved noticeable gains during the previous trading session, taking advantage of the weakness of the US currency, which fell strongly after the US inflation data, as gold recorded its highest level at $ 1757 per ounce. Technically, we tend in our trading to the positive, relying on the …

The single European currency jumped to achieve significant gains against the US dollar, which fell after the release of US inflation data, to record the EUR/USD pair reaching its highest level at 1.0222. Technically, by looking at the 240-minute chart, we note that the pair continued to obtain a positive …

WTI is currently changing hands at around $86.40 a barrel. The US Dollar fell on Thursday against all major rival currencies, yields plunged, as market participants rushed to bet on US Fed’s less hawkishness on monetary policy next December. Optimism returned to most assets. US Stocks soared. US indexes are …

“Canadians should expect even more rate hikes to come on top of six that have already happened this year,” said Bank of Canada Governor Tiff Macklem during an interview with CBC News late Thursday.As for price reaction, the USD/CAD pair bears take a breather at a seven-week low, around 1.3323 …

Kansas City Federal Reserve President Esther George on Thursday reiterated her support for a slower pace of US interest rate increases. She also called for a more measured method that could allow policymakers time to judge how the rises in borrowing costs are affecting the US economy.“I continue to see …

Wall Street stocks surged on Thursday and closed with sheer gains, including a nearly 1,200-point jump for the Dow, as investors seized on data showing US inflation slowing to spark a rally.The Dow Jones Industrial Average jumped 3.7 percent to finish at 33,715.37, while the broad-based S&P 500 jumped 5.5 …

Oil prices bounce up from $84.70 low to reach levels past $87.00. WTI is trading at $86.60 at the time of writing. The Dollar plunges on soft US CPI data and hopes of Fed’s rate hiking easing have boosted risk appetite.WTI prices appreciated on Thursday to hit session highs right …