Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The Dow Jones Industrial Average touched the first target required to be achieved during the previous analysis, at 33,710, recording a high of 33,797. On the technical side today, we believe that there is a possibility of a negative bias during the coming hours, depending on the negative signs that …

The British Pound continues trading negatively against the Japanese Yen within a gradual decline towards the awaited target of 149.45, to settle for the lowest level at 149.58. On the technical side, we will maintain our negative outlook, relying on stability below 150.50/150.60, accompanied by clear negative signs on Stochastic. …

Negative trading dominated the Canadian dollar against its US counterpart, as part of the technique of retesting the support, as we expected, touching the required target of 1.2500. Technically speaking, trading remains below the previously breached support level of 1.2560, supporting the negativity. This comes in conjunction with the negative …

Oil, Crude, trading

Oil, Crude, trading

The yellow metal prices failed to surpass the level of the pivotal resistance published during the previous analysis, located at 1749, which forced gold to trade negatively again, to re-test the 1730 support level. On the technical side, trading remaining below the aforementioned resistance increases the possibility that we will …

Positive trading dominated the euro against the US dollar so that the pair could touch the official target station during the previous analysis at 1.1975, recording a high of 1.1987. Technically, we find the current moves are witnessing stability above the psychological barrier of 1.1900, and we find the 50-day …

The Federal Reserve Chairman Jerome Powell said on Wednesday that the Fed will most likely begin by scaling back the bond-buying before it considers raising interest rates, reiterating the planned reduction of monetary easing policies as the U.S. economy shows recovery signs. “We will reach the time at which we …

The New York Stock Exchange (NYSE) finished Wednesday trading session on a mixed note. A rise in Treasury bond yields and the release of the Federal Reserve’s Beige Book, which lowered expectations for economic growth this spring, pressured stocks, especially the tech sector. Moreover, the Beige Book expected a rise …

Oil prices continued to rise in Wednesday, supported by the improved outlook demand from the International Energy Agency (IEA), which raised expectations for global demand for crude this year by 230,000. The IEA expects a 5.7 million-barrel a day growth in the global demand for oil in 2021 compared with …