Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Positive trades dominated the movements of the pound sterling against the Japanese yen within the expected bullish context, approaching our target of 155.70, to record a high of 155.50. On the technical side, we tend to be positive, but with caution, relying on the stability of trading above the support …

Positive trading dominated the movements of the Canadian dollar to complete the bullish corrective slope, as we expected, touching the first official target for the bullish correction 1.2195, recording its highest level at 1.2204. Technically, the stability of the intraday trading above the previously breached resistance 1.2140 supports the continuation …

Oil, Crude, trading

Oil, Crude, trading

The negative pressure continues to dominate the yellow metal prices, gradually approaching the awaited second target 1844, to record its high during the previous session’s trading of 1851. Technical view indicates the possibility of continuing the bearish corrective slope based on the clear negative crossover signs on stochastic, coinciding with …

The technical outlook is unchanged, and the pair’s movements did not change for the second consecutive session, amid quiet trading that dominated the movements of the single European currency against the US dollar. The current movements are witnessing attempts to recover, but still limited. Technically, and with a closer look …

The U.S. Federal Reserve will likely maintain its current policy and make no changes in the two-day policy meeting that is concluding on Wednesday. Some analysts have expected the policy statement will point to the next interest rate hike taking place in 2023. Investors will closely examine the monetary policy …

Crude oil inventories in the United States reportedly declined by 8.5 million barrels last week, according to data by the American Petroleum Institute (API) released on Tuesday 11. Meanwhile, gasoline inventories are estimated to have rose by about 2.9 million barrels. Distillate stockpiles increased by about 2 million barrels. Official …

The New York Stock Exchange (NYSE) closed lower on Tuesday, with Wall Street investors shifting their focus towards the Federal Reserve meeting, which is concluding on Wednesday. The Dow Jones Industrial Average closed lower by 94.42 points, or 0.27%, at 34,299.33 points. Meanwhile, the S&P 500 declined by around 8.56 …

The British Pound (GBP) showed a mostly negative performance against the U.S. Dollar (USD) on Tuesday, ahead of the U.S. Federal Reserve’s interest decision and policy statement, which is due on Wednesday. The GBP/USD pair reached its lowest level in about two months at 1.4034, after falling from a daily …