Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The technical outlook remains unchanged, and the pair’s movements did not change significantly, maintaining negative stability after failing to achieve a daily closing above the resistance of the psychological barrier of 1.3500. From a technical point of view, today, we notice the continuation of the clear negative crossover signs on …

Oil, Crude, trading

US crude oil futures prices achieved noticeable gains within the bullish track, as we expected, in which we relied on breaching 71.55, surpassing the required target of 73.10, and recording a high of 74.92. Technically, oil prices opened their first weekly trading on an ascending price gap to record the …

Gold prices fell at the end of last week’s trading to give up their intraday gains as a result of the rise in the US dollar after the US jobs data, which came in better than expected, witnessed the lowest level at $1944 per ounce, after recording the highest at …

The bearish trend regained control of the EUR/USD pair after the US dollar received positive momentum after the US jobs data came in better than expected. On the technical side today, by looking at the 240-period chart, the current movements of the pair stabilize below the main resistance level of …

Financial assets’ price moves along past week have been led by a number of major developments most notably: the US non-farm payrolls data shortly after the US debt ceiling deal, as well as the European inflation data.Oil Prices Hope For More Optimism Oil prices rallied for the second day on …

Dow jumped 700 points on the US hot jobs report as Nasdaq notched sixth straight winning week. The Dow Jones Industrial Average surged for its best day since January as traders cheered a strong jobs report and the passage of a debt ceiling bill that averts a US default.shares popped …

Gold price has dropped despite the week’s strong performance in an expected reaction to US job growth that exceeded expectations for May 2023.Rising US Treasury bond yields as well as the robust USD do exert downward pressure on the precious metal. US debt-ceiling resolution contributed to easing bond yields, a …

Fed Chair Jerome Powell will testify at the U.S. Senate Banking Committee on June 22, panel chief Sherrod Brown said on Friday. The testimony will come a week after the June 13-14 FOMC meeting. The testimony marks the second iteration of the Fed chair’s twice-yearly reports to Congress on the …

Data released on Friday, showed Nonfarm Payrolls rose by 339K in May surpassing expectations. Analysts  point out payroll strength keeps the door open for another rate hike by the Federal Reserve in June. The two-month net revisions also added a notable 93k jobs to the employment series, which resulted in …