Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The data from the UK showed on Friday that the CBI’s Manufacturing Order Book Balance improved sharply to its highest level since April 2019 at -5 in March from -24 in February. This reading beat the market expectation of -20 by a wide margin. Further details of the publication revealed …

Barclays raised its forecast for oil prices this year at $4 a barrel, indicating that major producers are cautious about oversupply as demand recovers gradually from the recession caused by the pandemic. The bank now expects a price for Brent crude at $66 a barrel and for US West Texas …

Oil prices fell 1% on Tuesday (March 23rd), as they were hit by fears that new restrictions imposed to combat the Coronavirus pandemic and the slow distribution of vaccines in Europe will slow down the recovery in demand, while producers cut production in a sign of abundant supplies. US West …

Official figures showed, Tuesday, March 23, that the unemployment rate in Britain fell unexpectedly to 5% in the three months ending in January, when the country entered again into general isolation measures to confront the outbreak of the Coronavirus, below expectations for a rise to 5.2% in a poll conducted …

Japan shares gave up early gains to close on Tuesday, March 23rd lower, following a weak performance in China markets as investors reaped profits from the recent rise of some companies on the mainland, while risk appetite was weakened by fluctuations in US bond yields. The Nikkei index fell 0.61% …

The current movements of the German DAX index are witnessing a bullish tendency after it succeeded in establishing a good support floor near 14,580. On the technical side today, we tend to be positive, but cautiously depending on the index price remaining above the support level of 14,620, and in …

The current moves in the Dow Jones Industrial Average are witnessing a bearish bias, after finding a strong resistance level that forced it to trade below the support level of 32670. On the technical side, today, we are negatively biased in our trading, relying on the continuation of the RSI’s …

The pound retreated against its Japanese counterpart, a noticeable decline within the expected bearish path, in which we relied on the stability of 151.10 tradings. Technically speaking, we are biased negatively depending on the negative signs coming from the stochastic indicator, in addition to trading below 151.00. We are targeting …

The Canadian dollar succeeded in continuing the bullish corrective tendency referred to during the previous analysis, touching our first target at 1.2555, recording the highest during early trading for the current session 1.2555. Technically speaking, and with the pair continuing to get a positive stimulus from the 50-day moving average, …

Oil, Crude, trading