Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Oil, Crude, trading

Mixed movements in both directions dominated the prices of US crude oil futures contracts, heading to visit the first target of 72.10, recording a high of 72.13, after it managed to breach the main resistance mentioned during the previous report at 71.55. Technically, we are positive depending on the positive …

Gold prices succeeded in touching the bearish targets required during the previous technical report, reaching the official target of 1900, recording its lowest level at $1902 per ounce after it managed to break the strong support level at $1913. Today’s technical vision tends to be negative, relying on the stability …

As we expected, the single European currency declined significantly against the US dollar within the context of a gradual decline, approaching the target station 1.0800, recording its lowest level at 1.0830. From the angle of technical analysis, the euro-dollar pair found a good support floor around 1.0820, which managed to …

The US Dollar posted mixed results, weakening versus the Euro, the Pound, and the Yen, and rising sharply against commodity currencies. Upbeat US data boosted expectations of another interest rate hike from the Federal Reserve (Fed) and weighed on US stocks. The deterioration in market sentiment and lower commodity prices …

Gold has experienced a 0.20% loss due to robust US job readings and mounting rate hike expectations, driving US Treasury yields higher. Dallas Fed President Lorie Logan’s hawkish comments and a strong ADP report support the expectation of a July rate hike. Traders anticipate further clues from the upcoming US …

On Thursday, the USD/CAD pair increased by more than 0.60%, moving near the 1.3370 level. On Thursday, the USD/CAD gained traction and surged to 1.3370, its highest level since mid-June. However, despite continuing to trade in the red, the DXY index has recovered some of its daily losses and is …

The majority of economists tend to be more optimistic when it comes to the number of jobs added in the US last month. However, that could be an overcorrection due to continually underestimating the labour market’s strength this year. However, there are other elements that make forecasting Friday’s release a …

 WTI crude declines by more than 1% as the dollar-denominated commodities are hurt by a stronger US dollar and concern about Fed tightening. Mixed labour market indicators from the US and increased business activity heighten the likelihood of a rate hike in June. Fears of a recession brought on by …

US stocks slid during the US trading session after strong labour data spurred fears around further interest rate hikes by the US central bank, reviving concerns about the impact of those hikes on the economy.Both the S&P 500 and the Dow Jones Industrial Average, which plummeted by as much as …