Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Retail Sales in Canada declined by 1.1% in January to $54.5 billion, the data published by Statistics Canada revealed on Friday. This reading followed December’s decrease of 3.4% and came in better than analysts’ estimate for a fall of 3%.

Oil prices increased by more than a dollar during the European session, after a major sell-off witnessed in the previous session, as a new wave of Coronavirus cases across Europe triggered general isolation measures and dampened hopes for an imminent oil demand recovery. Brent crude rose $ 1.01, or 1.6%, …

The Federal Reserve Bank of Philadelphia reported on Thursday that the headline Manufacturing Activity Index of the Manufacturing Business Outlook Survey improved sharply to 51.8 in March from 23.1. This reading beat the market expectation of 23.1 by a wide margin.

A health official in Germany said today, Friday, that the number of Coronavirus cases is rising dramatically. Lars Shade, vice president of the Robert Koch Institute for Infectious Diseases, urged people not to travel during the Easter holidays to contain the increase in cases. Today’s data of the Robert Koch …

Today, the Russian Central Bank raised the main interest rate to 4.5% in light of inflationary risks and at the geopolitical level, and hinted that more will follow. The decision to raise interest rates, from a record low of 4.25 percent, contrasted with a Reuters poll that expected Russia to …

Gold is on the path of achieving its second consecutive weekly gain today, as it is supported by a slight decline in the dollar and US Treasury revenues. Spot gold rose 0.3% to $1740.99 an ounce. And the yellow metal is up more than 0.6 percent since the beginning of …

The Dow Jones Industrial Average jumped on Wall Street to achieve strong gains, registering its highest price during the last session’s trading 33113. On the technical side, the current trading of the index is witnessing a bearish downward slope, as a result of the intraday trading stability below the resistance …

Negative trading was dominated by the pound’s movement against its Japanese counterpart, after finding a strong resistance level near 152.50. On the technical side, today, we await the occurrence of a bearish tendency during the coming hours, depending on the clear negativity features on the stochastic indicator, in addition to …

The Canadian dollar found a solid support floor around the psychological barrier support level of 1.2400, to return to the bullish rebound, recording its highest price at 1.2527. Technically speaking, and with a closer look at the chart, we find the pair managed in breaching the resistance level for the …

Oil, Crude, trading