Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Gold prices surged significantly at the end of last week’s trading, within the expected bullish path in the previous analysis, in which we relied on confirming the breach of 1789, targeting 1799 to surpass the official target station, recording the highest of 1813. Technically, by looking at the 4-hour chart, …

We remained neutral during the last report due to the conflicting technical signals, clarifying that we are waiting for one of the directional keys that continue to dominate the euro against the US dollar. We find the price range sideways to the positive throughout several consecutive sessions, confined from below, …

From Europe to the United States, market drivers ranged from unemployment, inflation-related concerns, earnings and alarming losses to inventories of energy, particularly natural gas. On Friday, Fed’s Chair Jerome Powell officially announced that the U. S. economy is ready for reducing the asset purchases, however, he did not think that …

The S&P 500 erased previous daily gains and dropped 0.12%, settling at 4,544.36, shortly after Fed’s Chair Jerome Powell had admitted that the central bank keeps monitoring price pressures carefully and would act as required. Indices record losses between 0.23% and 0.98%, except for the Dow Jones Industrial, up 0.18%. …

The S&P 500 erased previous daily gains and dropped 0.12%, settling at 4,544.36, shortly after Fed’s Chair Jerome Powell had admitted that the central bank keeps monitoring price pressures carefully and would act as required.As the S&P500 cash market opened, the market mood was upbeat, with the three major U. …

WTI futures have bounced up to $82.50. the U. S. crude oil regained previous losses to return to levels near multi year highs at $83.95.Crude prices remain within previous ranges, consolidating after a nine week surge, however, oil prices retreated earlier today as the German Chancellor, Angela Merkel, and Federal …

Stock market price for electricity has risen by 140% since January in Germany. Experts say energy prices are driven up by natural gas cost, which has surged by 440% since the beginning of 2021. Energy prices for households in Germany have surged only 4.7% in the first half of 2021, …

U.S. energy firms cut oil and natural gas rigs, Friday, for the first time in seven successive weeks even as oil prices rose to new seven year highs.The U.S. oil and gas rig count fell by 1 to 542 in the week to Oct. 22, energy services firm Baker Hughes …

In terms of earnings, which became the language of the market since mid-October, investors in housing-related companies are positive. Shares of retail giants Home Depot (HD) and Lowe’s (LOW) are up 36% and 42% this year respectively and are trading at all time highs. The SPDR S&P Home builders (XHB) …

Spokesperson of the German Ministry of Economy Beate Baron pointed out, Friday, that all the available capacities for natural gas supplies from Russia to Europe are used. “According to my data, pipeline capacities are used properly”, she said. “You need to check with market players how high capacities are”, Baron …