Noor Trends News, Technical Analysis, Educational Tools and Recommendations

European shares fell on Friday as recession fears and expectations of a big interest rate hike during the Federal Reserve’s (US Central Bank) meeting next week weighed on sentiment. The pan-European Stoxx 600 index fell one percent moments after the opening bell, bringing its declines this week to more than …

Japanese stocks fell at the close on Friday and recorded a weekly decline, as fears of a global economic slowdown continued in light of raising interest rates, which led to the decline of Wall Street during Thursday night. The Nikkei index fell 1.11 percent to close at 2,7567.65 points, after …

Oil, Crude, trading

The Canadian dollar achieved the first target required to be touched during the previous analysis, at 1.3245, recording its highest level during the morning session of the current session at 1.3255. Technically, the Canadian dollar continues to achieve gains based on the positive motive coming from the simple moving averages …

Oil, Crude, trading

Divergent movements dominated the prices of US crude oil futures yesterday, after it failed to confirm the breach of the pivotal supply area published during the previous analysis at 89.10, explaining that it is an important and basic condition for the continuation of the rise, which forced it to move …

Gold prices incurred heavy losses yesterday amid selling within the bearish directional movement, as we expected, bypassing the official target station 1680, heading near the next station 1650, to settle for its lowest level at $1660 per ounce. On the technical side, the simple moving averages still support the daily …

Limited sideways trading dominated the EUR/USD pair’s movements during the previous trading session, to find that the movements were restricted between 0.9960 and 1.0000. From the technical analysis angle, and by looking at the 4-hour chart, we find positive crossover signs that started appearing on the stochastic indicator, in addition …

Gold price is fighting its own battle against soaring Treasury yields and the rising US dollar. Gold has lost about $40 on the day and hopes for a catalyst to rebound. The market is getting more nervous that the monetary mistake would lead to a severe session for gold like …

Gold fell nearly $40 from daily highs and hit more than two-year lows under pressure from aggressive rate hike expectations as the US dollar and Treasury yields climbed. The precious metal closed at $1696.79 on Wednesday, and on Thursday was unable to break the $1,700 line, instead the price action …