Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The British pound rose against its Japanese counterpart during the previous session, canceling the negative outlook as we expected and touching the stop loss order published during the previous analysis at 151.60, to hit its highest level near the psychological barrier of 152.00. On the technical side, today, with the …

The technical outlook remains unchanged and the pair’s movements have not changed significantly. Technically, we notice the positive attempts of the Canadian dollar to settle above 1.2265, accompanied by the positive crossover signals that began to appear on the stochastic indicator. This makes us think of the possibility of witnessing …

Oil, Crude, trading

Oil, Crude, trading

Positive trades returned to control gold’s movements again after it succeeded in building on the solid support floor located at 1771 nullifying the negative outlook expected during the previous analysis touching the stop loss order at the price of 1780. It will stop the negative outlook, and gold will return …

Quiet trading tended to be negative, dominating the euro’s movements against the US dollar in a gradual decline to the downside, reaching its lowest level during the previous session’s trading at 1.2010. Technically speaking today, we see the euro trying to build a base on the support floor of the …

The Chairman of the United States Federal Reserve, Jerome Powell, said on Monday that the U.S. economy is improving but still on the way to fully recover from the coronavirus pandemic. “We are not out of the woods yet, but I am glad to say that we are now making …

The main indices of the New York Stock Exchange (NYSE) closed mostly higher on Monday, as Wall Street investors looked at recent economic data that suggested the manufacturing sector, as an indicator for the economy, continue to expand but at a slow pace due to supply chain challenges. The Dow …

Oil prices rose on Monday, amid signs of an improved demand outlook, despite the rising number of cases of the coronavirus, especially in India. Recent expectations of a strong recovery in the global demand for crude oil during the second half of the year continue to provide support for oil …

Gold prices rose on Monday after four consecutive declines, on the back of the U.S. Dollar’s (USD) decline and an improved demand for safe haven assets, as Treasury bond yields retreated. Gold futures for June delivery gained $24.10, or 1.4%, to close at $1,791.80 per ounce. This marked the highest …