Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Oil, Crude, trading

The yellow metal traded in a confined range, stable above 1901 and below 1912 over several sessions. On the technical side, and looking at 240-minute charts, we see negative signs appearing on the stochastic indicator, with the MA-50 attempting to press the price from the top. Although we tend to …

The Euro traded on the negative side against the US dollar, to start pressing the support level published in the previous analysis at 1.1800, noting that trading below the aforementioned support level pushes the pair to continue its decline. Technically speaking, looking at240-minutes chart, we find that the SMA 50 …

The Turkish Lira (TRY) declined on Tuesday to another record low, with expectations the USD/TRY pair could now reach an unprecedented 8.5 or 9 levels. The Turkish currency’s losses since the beginning of the year against the US Dollar (USD) have now reached 20%. The USD/TRY is higher for the …

The New York Stock Exchange (NYSE) closed on Tuesday mostly lower, amid concerns about another wave of the Coronavirus pandemic, while tech stocks registered a good performance. The Dow Jones Industrial Average declined by 222.2 points, or 0.8%, and closed at 27,463.2 points. The S&P 500 index fell by 10.29, …

Treasury yields in the United States declined on Tuesday, amid rising concerns about another wave of the Coronavirus (COVID-19) pandemic, as well as the upcoming elections and the anticipated stimulus package. Return on the 10-year Treasury note declined by 2.3 basis points to 0.778%. The 30-year bond yield decreased by …

Oil prices rose on Tuesday as weather conditions are expected to once again affect production in the Gulf of Mexico, On the other hand, a gloomy outlook for global demand amid another surge in COVID-19 cases limited crude gains. Brent crude futures for December delivery increased by 74 cents, or …

Gold prices closed higher on Tuesday, as the US Dollar (USD) declined across the board amid selling pressures, while demand for safe havens remained high amid worries about another wave of the COVID-19 pandemic. Gold futures for December delivery rose by $6.20, or 0.3%, and finished at $1,911.90 per ounce. …

Goldman Sachs expects the board of the European Central Bank (ECB) to lower their inflation projections for 2020-2021. This comes in light of the large downside surprise in August inflation and the appreciation of the Euro (EUR). As for inflation expectations for 2022, they are forecasted to remain unchanged. Moreover, …

Bond yields in the Eurozone declined on Tuesday, as German yields fell to its lowest level in a week, amid increased demand for safe havens due to the rising number of COVID-19 cases. This comes ahead of the upcoming meeting by the European Central Bank (ECB). In Germany, the return …