Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Data on Friday showed that German industrial production rose less than expected in September as the Coronavirus crisis curbed activity, in new evidence that the recovery from the pandemic shock is slowing down in Europe’s largest economy. Figures released by the Federal Statistics Office showed that industrial production increased 1.6% …

Gold fell on Friday as the dollar rose, but the yellow metal is on track to record its best weekly performance since late July, thanks to hopes of more central bank support, as investors bet on a split in the US Congress under the presidency of Joe Biden. And gold …

US oil fell more than 2% on Friday, as new lockdown measures in Europe to stem the rise in Covid-19 cases fueled concerns about the outlook for demand, while markets remain in a state of tension due to the long-running US election counting. West Texas Intermediate crude fell $ 1.06, …

The dollar stabilized against several currencies on Friday, but traders say it is likely to incur more losses as the controversial US presidential election dashes hopes of a major stimulus to support the economy anytime soon. Investors are betting that Democratic candidate Joe Biden will become the next president, but …

The German DAX managed to achieve the expected positive outlook, touching the official target required to be achieved in the previous session at 12470, peaking at 12580. The technicals are indicating the possibility of resuming the rally, given the price consolidating above the previously breached resistance turned into support at …

The Dow Jones Industrial Average touched the first required target mentioned in the previous analysis at 28220, extending the gains, peaking at 28386. Technically, we tend to be positive depending on the positive motive of the SMA-50, with the stochastic indicator centered around overbought areas. From here, with intraday trading …

Oil, Crude, trading

Positive trading dominated gold during the previous trading session after it succeeded in building on a strong support 19012, in addition to being able to confirm the breach of the resistance mentioned in the previous analysis at 1910, indicating that breaking it increases the possibility of touching 1934 to record …

The euro jumped against the US dollar to achieve strong gains. To be reminded, we committed to the intraday neutrality in the previous analysis, indicating that the activation of long positions depends on confirming the breach of 1.1770 resistance, in order to enhance the chances of the rise towards 1.1800 …

The New York Stock Exchange (NYSE) closed Thursday higher, despite uncertainty about the results of the United States presidential elections. The Dow Jones Industrial Average increased by 542 points, or 1.95%, to close at 28,390.18 points. The S&P 500 gained 67.01 points, or 1.95%, and finished at 3,510.45 points. The …