Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The technical outlook is unchanged and the pair’s movements have not changed significantly, maintaining the negative stability. Technically, we are inclined towards negativity in our trading, relying on the negative pressure coming from the 50-day moving average, in addition to the clear negative signs on the stochastic indicator. From here …

U.S. President Joe Biden announced that a bipartisan deal has been reached on the infrastructure plan with a vote on the draft bill expected this summer. The five-year mega plan includes huge government spending and investments of about $1 trillion, with the aim of revitalizing the job market, and overhaul …

The main indices of the New York Stock Exchange (NYSE) closed higher on Thursday, with Wall Street investors optimistic about the recent agreement on a new infrastructure plan promising increased work for a number of listed companies. The Dow Jones Industrial Average closed at 34,196.82, rising by 322.58 points, or …

Natural gas futures on the New York Mercantile Exchange (NYMEX) registered on Thursday its largest rise in about two weeks, maintaining an upward trend for three consecutive sessions, amid expectations for a recovery in the global energy demand. July futures gained 8.50 cents, or 2.55%, to settle at $3.4180 per …

Oil prices finished higher on Thursday, as markets anticipate the upcoming OPEC+ meeting that comes amid a surge in prices due to expectations for stronger demand during the second half of the year, as the global economy is recovering from the coronavirus crisis. Brent crude futures for August delivery rose …

European stocks closed higher on Thursday, as positive economic data provided support for expectations for recovery from the negative impacts of the pandemic. The STOXX Europe 600 index rose by 3.94 points, or 0.87%, to close at 457.04 points. The pan-European index rose for three out of the last our …

Gold prices declined on Thursday, as the U.S. Dollar (USD) rebounded against major currencies, following the release of positive economic data. Positive data also led to improved expectations for economic recovery, reducing demand for safe haven investments. Gold futures for August delivery fell by $6.70, or 0.38%, to finish at …

Working natural gas in storage in the United States rose by 55 billion cubic feet (bcf) last week, according to estimates by the U.S. Energy Information Administration (EIA). The EIA data showed on Thursday that natural gas supplies reached 2.482 trillion cubic feet in the week ended June 18, down …

Inflationary pressures in the United States are temporary but monetary policymakers must be careful in closely monitoring consumer prices, the President of the Federal Reserve Bank of Richmond, Thomas Barkin, said on Thursday. “I do believe we are in the middle of a temporary adjustment cycle during which workers will …

Mortgage rates in the United States surged this week amid expectations that the Federal Reserve could raise interest rates sooner than previously expected, according to data by Freddie Mac. The fixed-rate 30-year mortgage registered an average rate of 3.02% for the week ended June 24. This marked an increase of …