Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The compliance of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, the group known as OPEC+, with oil output curbs declined to 75% in December, Reuters reported on Tuesday.

The dollar held on to four-day gains against major counterpart currencies on Tuesday, as prospects for a massive fiscal stimulus pushed US yields higher. US President-elect Joe Biden, who will take office on January 20, with his Democratic Party in control of both houses of Congress, promised “trillions” of additional …

European stocks stabilized today, after falling in the last session, as investors looked forward to the next earnings season and focused on the possibility of further stimulus in the United States under the next president, Joe Biden. The pan-European STOXX 600 index rose 0.4%, with the oil and gas, travel …

Oil prices rose today, Tuesday, thanks to expectations of a drawdown of crude stocks in the United States for the fifth week in a row, but investors worried about the increase in cases of Coronavirus around the world curbed price gains. Brent crude futures rose 22 cents, or 0.4%, to …

Japan’s Nikkei index rose to close at its highest level in three decades on Tuesday, as drugmakers’ shares led activity thanks to a report stating that a drug manufactured by Chujai Pharmaceuticals is effective in treating Covid-19 patients. The Nikkei index rose 0.09% to 28,164.34 points, after recovering from early …

The White House said that US President Donald Trump agreed on Monday to declare a state of emergency for Washington, DC, between now and January 24, hours after authorities warned of security threats during the week of President-elect Joe Biden’s inauguration next week.

Gold rose today, Tuesday, to recover from its lowest level in six weeks that touched it in the previous session, as stocks fell due to political turmoil in Washington and the slow pace of vaccination with anti-Covid-19 vaccines around the world. Gold rose in immediate transactions 0.8% to 1860.10 dollars …

Bitcoin managed to enter retest we mentioned in the previous analysis, we also indicated that surpassing the resistance level at 35,415 increases the probability of a return to the rise towards 35,910, to post 36,085 for the current session. We tend to be positive in our trades with the continuation …

The current moves in the German DAX are witnessing a bearish bias after finding a strong resistance level near the psychological barrier of 14,000. On the technical side today, we tend to be negative in our intraday trading, relying on intraday trading below the psychological barrier of 14,000, which is …

Negative trading dominated the Dow Jones Industrial Average on Wall Street after finding a strong resistance level around 31,040/31,070. Technically, there is a contradiction between stochastic concentrating around overbought areas, and negative signals coming from the RSI on short time frames. We are staying on the fence until the more …