Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Negative trading dominated the British pound against the US dollar after it failed to breach the psychological barrier of 1.3000,  we have indicated that a breach of that resistance is a prerequisite for the continuation of the buying position, explaining that the price remains below 1.2920 nullifies the bullish scenario …

Oil, Crude, trading

Gold prices fell as we expected yesterday to touch the target to be achieved at 1892. We indicated that breaking the aforementioned level forces gold to continue declining towards 1874, posting low at 1872. Technically, looking at the 4-hour chart, we find that the RSI supports the downside moves, in …

The Euro managed to touch the target level mentioned in the previous analysis at the psychological barrier of 1.1800, to hit its highest level at 1.1800. Technically, the aforementioned resistance capped the bullish bias and forced the pair to the downside again, to retest 1.1720. Looking at the chart, we …

The President of the United States, Donald Trump, said on Tuesday that he has instructed the halt of stimulus talks between the Republicans and the Democrats until after the next elections, which take place on November 3. “I have instructed my representatives to stop negotiating until after the election when, …

Talks between the United Kingdom (UK) and the European Union (EU) are reportedly advancing, with the two parties edging closer to a trade agreement after the Brexit, Reuters reported on Tuesday, citing two diplomatic sources. The EU supposedly plans to finish negotiations by mid-November, one month and a half before …

Treasury yields in the United States declined on Tuesday, following remarks by President Donald Trump that he would end talks for a new stimulus package. Return on the 10-year Treasury bond decreased by 1.9 basis points to 0.741%. Yield on the 30-year bonds fell by 2.8 basis points to 1.537%, …

Oil prices rose for the second consecutive day on Tuesday, amid output disruptions and improved risk sentiment. Brent crude futures for December delivery added $1.36, or 3.3%, and closed at the level of $42.65 per barrel. Meanwhile, the US West Texas Intermediate (WTI) crude futures for November delivery finished higher …

Gold futures closed lower on Tuesday, after opening the week at its highest level in about two weeks, as the US Dollar (USD) is showing some recovery signs. Gold futures for December delivery declined by $11.30, or 0.6%, and settled at $1,908.80 per ounce. Meanwhile, silver futures for December delivery …

The United States Trade Representative Robert Lighthizer said on Tuesday that the higher trade deficit in 2020 is mainly due to non-monetary gold imports, Reuters reported. According to Lighthizer, Donald Trump’s trade policies were working despite last month’s $67.1 billion trade deficit, which was the highest in 14 years. “Basically, …