Noor Trends News, Technical Analysis, Educational Tools and Recommendations

For the third consecutive session, the Pound against the Yen succeeded in maintaining the trading level above the support floor published during the previous analysis, at 149.50, which forced it to provide some bullish bounce. On the technical side today, the current movements are witnessing an upward bias due to …

The Canadian dollar provided a positive trading session, retesting the previously broken support-into-resistance, touching our required target of 1.2730, recording the highest level at 1.2723. Technically, we tend to the positivity, relying on the pair’s pivot at the 1.2660 support level, accompanied by the positive motive for the 50-day moving …

Oil, Crude, trading

Oil, Crude, trading

The technical outlook is unchanged, and there was no significant change in gold’s movements for the third consecutive session, maintaining the same technical conditions within the short trend, with unclear targets so far. The technical aspect today is as it is. Despite the temporary bullish bounce, gold prices are still …

We remained neutral during the previous report due to the conflicting technical signals, clarifying that the price should be monitored below at 1.1260 and above at the main demand point 1.1380. Technically, the current movements of the euro are witnessing stability below 1.1330, the resistance of the descending price channel …

Traders are eying key economic data on Friday. Consumer inflation forecast to accelerate to 6.8% annually from 6.2% while Core CPI expected to rise to 4.9% from 4.6%. Producer prices, The monthly increases are predicted to be 0.7% in the headline rate and 0.5% in the core.Wages point to still …

“US and its allies would respond to Russia’s aggression,” said the White House early Friday. The news came after chatters that Russia rejected Ukraine’s proposal to strengthen the July 2020 ceasefire.The White House communiqué also mentioned that US President Joe Biden reaffirmed the United States’ unwavering commitment to Ukraine’s sovereignty …

The two major questions that the European Central Bank will have to answer are: (1) Will inflation eventually settle at its target? and (2) Are asset purchases still useful?ECB policymakers are hoping that too-high inflation will prove transitory and eventually subside. Since the pandemic struck, the European Central Bank has …

New Zealand’s manufacturing sector witnessed a lower level of expansion in November, according to an economic survey released early Friday.The BNZ-Business New Zealand Performance Manufacturing Index (PMI) for November dropped 3.6 points to 50.6, which was still in expansion, but at slower rate than was seen in the first half …