Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Oil, Crude, trading

Oil, Crude, trading

Significant negative trades dominated the movements of the Canadian dollar within the expected technical outlook during the previous technical report, touching the official target station 1.3140, recording its lowest level at 1.3142. Technically, and with a closer look at the 240-minute chart, we find that the pair is stable below …

Oil, Crude, trading

Futures prices achieved good gains during the previous trading session within the expected bullish context, surpassing the first target that should be touched at 75.60 to record its highest level at $76.11 per barrel. The technical outlook remains unchanged; we are positive depending on the price’s consolidation in general above …

Gold prices recorded significant gains, taking advantage of the weakness of the US dollar, explaining that we are monitoring the price behavior until the breach of the main resistance level of 1945 is confirmed, explaining that this enhances the chances of touching 1961, so that gold prices succeed in recording …

Remarkably positive trades dominated the movements of the euro-dollar pair within the positive technical outlook, as we expected during the previous report, touching the required targets at 1.1100, close by a few pips to the main target 1.1160, recording its highest level at 1.1148. Technically, and with a closer look …

Portugal warned that further interest rate hikes by rhe European Central Bank will put the Eurozone growth in peril. The country’s finance minister says tightening to date is not fully absorbed. Further interest-rate increases by the European Central Bank would add to the dangers for the euro-area economy as it …

US stocks climbed after a softer than expected inflation report for June revived hopes the Federal Reserve was nearing the end of its interest rate increases.The Dow Jones Industrial Average was up 265 points or 0.8%, while the S&P 500 was up 0.9% and the NASDAQ Composite was up 1.2%. …

The USD/CHF pair has retreated to an 8-year low due to weak US CPI data, which indicates a more balanced supply-demand situation. The Consumer Price Index shows inflation cooling, with core CPI indicating a more balanced supply-demand situation. With inflation above the Fed’s 2% target, odds for a significant rate …