Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The Canadian dollar is trying to build a base on the support floor of the psychological barrier of 1.2500 within a temporary bullish bias after it found a solid support floor around 1.2470. Technically speaking, and with a closer look at the chart at a 60-minute chart, we find the …

Oil, Crude, trading

Oil, Crude, trading

Gold prices succeeded in achieving the positive outlook, as we expected in the previous analysis, touching the first official stop at the price of 1777 and approaching a few points from the legal target of 1790, to settle for recording its highest level of 1783. On the technical side today, …

Positive trading continues to dominate the euro’s movements against the US dollar within a gradual rise to the upside, with the continuation of work within the bullish price channel shown on the chart. In terms of technical analysis today, we find the Euro succeeded in maintaining trading above 1.1950, and …

The second week of April was highlighted by strong economic data that showed increased signs of a global recovery from the negative impacts of the coronavirus pandemic. Such recovery signs helped improve risk appetite among investors, which reflected positively on many assets. On the other hand, rising tensions between the …

The United States Federal Reserve Governor Christopher Waller, the newest member to join the Fed’s board, said on Friday the U.S. economy will see strong performance this year as the economy reopens and more people gets vaccinated. “I think the economy is ready to rip. Everyone is getting a lot …

Oil prices declined on Friday falling to keep a perfect score this week after rising for four consecutive sessions, thus limiting their weekly gains. Brent crude futures for June delivery lost 17 cents, or 0.3%, to finish at $66.77 per barrel, registering a weekly rise of 6.1%. Meanwhile, the West …

Gold prices rose on Friday for the second consecutive session to expand their strong weekly gains. A fluctuating performance by the U.S. Dollar (USD) and a decline in Treasury bond yields helped the yellow metal notch its biggest weekly rise since the beginning of the year. Gold futures for June …

European stocks maintained its rally on Friday to new record highs, finishing the week with another positive performance on the back of strong economic data and recovery signs. The STOXX Europe 600 index rose by 0.9% to settle at a new all-time high of 442.20 points. The auto sector, which …