Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Mixed trades dominated the Canadian dollar’s movements during the previous trading session and is still confined, from the bottom above 1.2600 and from the top below 1.2700. Technically speaking, the pair is turning around the support level at 1.2640, trying to build a base above the 50-day moving average. We …

Oil, Crude, trading

Oil, Crude, trading

Gold prices rebounded to the upside, taking advantage of building a base on the strong support floor located at 1714, to retest the 1740 resistance level. On the technical side, and by looking at the chart, despite the bullish tendency, we still tend to be negative, relying on the negative …

The Euro found a solid support floor around the psychological barrier of 1.2000, which forced it to the noticeable bullish rebound to retest the 1.2065 resistance level again. Technically speaking, and with a closer look at the 4-hour chart, we find that the 50-day moving average remains a hindrance to …

The United States is debating the $1.9 trillion stimulus package, as proposed by President Joe Biden, after the House of Representatives passed the relief bill. Democrats are expected to pass the “American Rescue Plan” bill through the reconciliation option, which allows approving the bill with a simple majority without any …

Federal Reserve Governor Lael Brainard said on Tuesday that she is paying close attention to market developments, referring to last week’s surge in U.S. Treasury yields to their highest level in about a year. “Some of those moves last week and the speed of the moves caught my eye.”“I would …

The President of the Federal Reserve Bank of San Francisco, Mary Daly, said on Tuesday that rising Treasury yields are worth monitoring by the central bank but should not lead to a change in the Fed’s policies. Daly noted that changes in equity markets sometimes run counter to the real …

The main indices of the New York Stock Exchange (NYSE) finished Tuesday lower, despite U.S. Treasury yields continuing to decline from their record levels, with Wall Street investors anticipating the passing of the $1.9 trillion stimulus package by the Senate. The market’s decline was led by the losses of the …

Treasury yields in the United States continued to decline on Tuesday for the third consecutive session, as remarks by Federal Reserve officials highlighted the focus on the bond market. The benchmark 10-year Treasury bond yield decreased by 3.1 basis points to 1.413%. Return on the 30-year bond fell by 0.5 …