Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Durable Goods Orders in the United States declined by 1.3%, or $3.2 billion, to $246.2 billion in April, the data published by the US Census Bureau revealed on Thursday. This reading came in worse than the market expectation for an increase of 0.7% and followed March’s print of +1.3% (revised …

Gold prices stabilized Thursday, May 27, below the psychologically important level of $1900 an ounce, after the dollar’s ​​rise limited gains as investors awaited US economic data that might provide clues about inflation and monetary policy. Spot gold fell 0.1% to $ 1895.10 an ounce, after hitting its highest level …

Oil prices fell on Thursday, May 27, but remained within their narrow range this week, as optimism about the summer driving season in the United States and Europe was met with concern about India’s demand and a possible increase in Iranian supplies. Brent crude was down 57 cents, equivalent to …

The US dollar received support Thursday, May 27th from a belief that the US Federal Reserve is slowly but steadily moving toward a discussion of monetary tightening, while the yuan hit its highest level in three years. Investors are sharply reducing their purchases of dollars, as they expect the trade …

A survey concluded that German consumer sentiment improved less than expected with the approach of June, as shopping activity remained cautious despite a decline in the rate of Covid-19 infections and an improvement in the growth outlook for Europe’s largest economy. The GFK said its consumer sentiment index, based on …

There was little change in European stocks at the open Thursday, May 27, as losses in energy sector stocks were offset by gains in the mining sector, while Britain’s HSBC bank’s decision to exit US retail banking services was greeted with a tepid reception. The European Stoxx600 index settled at …

Japanese stocks fell Thursday, May 27, as investors trimmed their positions after a recent increase, in light of a possible extension of emergency measures linked to Covid-19, which raised concerns about the growth of the local economy. The Nikkei index trimmed its losses during the day, closing down 0.33% to …

Negative trading dominated the movements of the German DAX index yesterday within the expected bearish context during the previous analysis, explaining that with trading remaining below 15,570, we are targeting 15,420 first target, and then 15,360, so the index touches the first target, approaching the second target, to settle for …

The Dow Jones Industrial Average continues to rise, maintaining the positive stability above the strong 34,090. On the technical side today, and with a closer look at the 60-minute chart, we find the RSI trying to maintain the bullish momentum, in addition to stochastic concentrating around overbought areas. With intraday …

Negative trading dominated the pound’s moves against the Japanese yen, after finding a strong resistance level near 154.30. On the technical side, we tend to be negative in our trading depending on the clear negative signs on Stochastic, in addition to the intraday trading remaining below the resistance level of …