Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Gold prices rose on Friday, supported by the decline in the dollar and US Treasury yields, but increased expectations of another big hike in US interest rates kept the precious metal on course for a weekly decline. And the price of gold in spot transactions rose 0.3 percent to $ …

Oil, Crude, trading

The Canadian dollar declined quickly yesterday after hitting the resistance level of 1.3980, which forced it to trade negatively, and it is now hovering around the psychological support floor of 1.3700. Technically, we tend to the negativity, relying on the negative crossover of the simple moving averages that pressure the …

Oil, Crude, trading

US crude oil futures prices showed positive trading after it took advantage of the consolidation above the support floor of 98.65, which ended its trading today above it. On the technical side, we tend in our trading to the positivity, relying on the positive signals coming from the RSI and …

Divergent movements dominated the gold’s moves during the last session within a sideways path between 1660 and 1670. Technically, by looking at the 4-hour chart, we find that Stochastic gradually loses bullish momentum and is motivated by the continuation of the negative pressure coming from the 50-day simple moving average. …

Positive trades dominated the euro’s movements against the US dollar during yesterday’s trading, trying to build on the 0.9740 support floor. Technically, and carefully looking at the 240-minute chart, we find the pair is moving above the 50-day simple moving average, accompanied by the beginning of positive signs appearing on …

US inflation on Thursday was behind some wild, volatile moves. Fed is widely expected to decide a 75 bps rate hike in November and a peak policy rate of 4.85% in March 2023. The initial reaction to CPI data release the news was negative. Wall Street retreated, yields soared, and …

Gold bounced up from $1,642 lows and returned to the $1,665 area. Gold is trading at $1,666 at the time of writing. Gold futures are retracing previous losses during Thursday’s US trading session, favoured by a broad-based USD pullback. The precious metal has bottomed at a two-week low of $1,642 …

The White House said there is indicator of progress in Thursday’s inflation reading though the Federal Reserve is expected to respond by aggressively by raising interest rates once again in November’s meeting.September’s CPI, measuring the changes in prices for a slate of consumer goods and services, showed that American consumers …