Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Gold prices followed the expected upward trend outlined in the previous technical report, where the stability of trading above the 2678 support level was highlighted. However, as noted, breaking the 2670 support level would halt the bullish scenario, placing gold under negative pressure. This scenario materialized, with prices reaching a …

The EUR/USD pair experienced negative trading towards the end of last week’s sessions, exerting pressure on the support level of 1.0470 and recording a low of 1.0453. Technically, the pair is showing attempts at a bullish bounce due to its temporary stability above the strong support at 1.0470. However, the …

Last Monday, the Nasdaq index temporarily surpassed the 20,000-point mark, setting a new record. Strong economic growth, increasing corporate profits, moderate inflation, and the beginning of central banks easing their monetary policies have all contributed to the stock market’s successful performance this year. However, some uncertainties remain about the future …

Last Monday, the Nasdaq temporarily surpassed the 20,000 mark, marking a new milestone. Strong economic growth, increasing corporate earnings, moderate inflation, and the beginning of central bank easing have been the stock market’s winning formula this year. There is still some doubt regarding central banks’ next course of action as …

The US dollar continued its upward trajectory on Friday, buoyed by strong inflation data released earlier in the week. The data revealed that US consumer and producer prices have remained elevated, reinforcing expectations of a more hawkish Federal Reserve. The dollar index, which measures the greenback against a basket of …

Euro Under Pressure, But a Technical Rebound LoomsThe Euro has been grappling with downward pressure following the European Central Bank’s (ECB) decision to cut interest rates. The EUR/USD pair, a key currency market indicator, has hovered near the 1.0500 level, suggesting a delicate balance between bearish and bullish forces.Technical Analysis …

The Federal Reserve’s impending interest rate cut is a complex event with far-reaching implications for investors and consumers alike. While it may offer some short-term relief, it also introduces a host of uncertainties and potential risks.A Cautious PivotThe Fed’s decision to ease monetary policy reflects a cautious approach to navigating …

The S&P 500 was little changed on Friday, putting it on track for a weekly decline. Despite a strong performance by technology stocks, led by Broadcom’s surge following impressive earnings results, the broader market remained relatively subdued.Broadcom’s market capitalization surpassed $1 trillion, driven by soaring artificial intelligence demand. Other tech …

While financial assets have had a stellar year, commodity ETF performance has been merely “okay.” The top-performing broad commodity ETF of the year, the WisdomTree Enhanced Commodity Strategy Fund (GCC), increased 17.5% so far this year through December 11. However, the $4.3 billion Invesco Optimum Yield Diversified Commodity ETF (PDBC), …

Gold, often considered a safe-haven asset, has recently faced headwinds as rising US Treasury yields and a stronger dollar have weighed on its price. While geopolitical tensions and economic uncertainties could provide support for the precious metal, the Federal Reserve’s monetary policy decisions will play a crucial role in shaping …