Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The dollar fell to its lowest level in more than two years against the yuan and fell against other Asian currencies, with the Joe Biden approaching the White House in an exciting US presidential election. The pound weakened against the dollar and the euro after media reports that the Bank …

The German DAX jumped in the previous trading session, posting strong gains, touching 12354. Technically, looking at the 60-minute chart, we see the SMA 50 holding the price in addition to consolidating above the previously broken resistance 12100. Consequently, we may witness continued bullish attempts, which are confirmed by breaching …

US President Donald Trump maintains his lead over rival former Vice President Joe Biden in Pennsylvania as well as Georgia, with 89% and 95% of the respective votes counted so far, according to Edison Research. Trump has 50.7% while Biden has 48.1% of votes in Pennsylvania while in Georgia, the …

The Dow Jones Industrial Average managed to achieve strong gains in the previous session, touching our awaited target at 28110, peaking at 28190. Technically, we tend to be positive, but very cautiously depending on the RSI consolidation above the 50 on the short time intervals of the positive stimulus from …

Oil, Crude, trading

Gold moves tended to be positive, benefiting from building a base on 1882 support, as the current moves witness attempts to recover and consolidate above the 1901 resistance level. Technically, we note that the 50-day moving average provides a positive motive in conjunction with the clear positive signals on the …

The single currency continues to fluctuate in the same price range without any change, the current moves are witnessing attempts to recover and consolidate above 1.1720 resistance. Technically, looking at the 4-hour chart, we find that the stochastic is still trading in negative areas and favoring the return of the …

The Bank of England’s (BOE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.10% at its November policy meeting, as the second nationwide lockdown kicks-in this Thursday. The BOE expanded the Quantitative Easing (QE) program by £150 billion to £895 billion. Sees UK GDP -11% …

Oil prices rose on Wednesday, after data showed a decline in US crude oil inventories. Data by the US Energy Information Administration (EIA) showed on Wednesday that crude oil inventories in the United States declined by 8 million barrels for the week ended October 30. Brent futures for January delivery …

Gold prices declined on Wednesday, as markets anticipate the outcomes of the US presidential elections. Gold futures for December delivery closed lower by $2.30, or 0.1%, at $1,908.10 per ounce. Silver futures for December delivery finished lower by 14.4 cents, or 0.6%, at $24.19 per ounce.