Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The Euro managed to achieve the bearish scenario, as we expected and mentioned in the previous analysis, after it confirmed the break of 1.2085, heading directly towards the second official target of 1.2020. Technically speaking, and by looking at the 240-minute chart, we find the pair is stable below the …

The latest meeting of the United States Federal Reserve saw members of the Federal Open Market Committee (FOMC) maintaining their commitment to the monetary easing policies. The meeting minutes, which were released on Wednesday, showed commitment towards maintaining interest rates near 0%, as well as the current pace of the …

The President of the Federal Reserve Bank of Richmond, Thomas Barkin, on Wednesday expressed his optimism regarding the recovery of the American economy this year amid the rollout of Coronavirus vaccines. During the first third of 2021, the U.S. economy will continue to be challenged by the pandemic, which requires …

Deputy Governor of the Bank of England (BoE) Dave Ramsden said on Wednesday that the bond-buying program is the most suitable stimulus option to help the British economy cope with the impact of the Coronavirus pandemic. “My overall take on [Quantitative Easing] (QE) is still that it is a tried …

The Bitcoin rally continued on Wednesday, hitting a new record level and exceeding the $52,000 level for the very first time. The world’s largest digital currency in terms of market capitalization is currently up by 7.18% at $52,137.4, extending its gains over the past seven days to 16.11%. Year-to-date, the …

Oil prices rose on Wednesday, as a strong winter storm not only disrupted crude production and refining in Texas but also led to an increased demand for energy and heat sources in parts of North America. In addition, crude prices remain supported by the commitment of the OPEC+ alliance to …

The President of the Federal Reserve Bank of Boston, Eric Rosengren, said on Wednesday that it is unlikely for the inflation rate in the United States to reach the Fed’s 2% target next year. Rosengren also played down the risk of a surge in inflation as the economy recovers from …

Gold prices declined on Wednesday for the fourth consecutive session, reaching its lowest levels since June of last year. The yellow metal losses are attributed to the rise of Treasury yields and a positive performance by the U.S. Dollar (USD). Gold futures for April delivery dropped by $26.20, or 1.5%, to …

European stocks declined on Wednesday, amid expectations for a rise in inflation and the surging Treasury yields. The pan-European STOXX 600 index finished lower by 0.78%, as most of the market sectors closed in red. The German DAX index dropped by 1.10%, while the French CAC40 closed lower by 0.36%. …

Industrial production in the United States expanded last month, as the American economy recovers from the impact of the Coronavirus pandemic. Production at U.S. factories increased by 1% in January, following a 0.9% rise in December, data by the Federal Reserve showed on Wednesday. This marked the ninth consecutive monthly …