Noor Trends News, Technical Analysis, Educational Tools and Recommendations

S&P Global composite PMI fell to 50.1 in July, attributed to the lack of growth of business activity in Germany and France. Eurozone business activity grinds to a halt amid surprise slump in Germany. Eurozone private-sector activity barely grew this month as its top economy Germany unexpectedly slumped, the latest …

In an effort to reduce price pressure and depress economic conditions, the Bank of Canada has lowered its benchmark interest rate for the second time in a row. Weakening economic circumstances and lessening pricing pressures led the central bank to decide to cut its policy rate by a quarter of …

Alphabet Inc. reported its second-quarter financial results on Tuesday, exceeding analyst expectations with notable strengths in its Search and Cloud divisions. The tech giant posted adjusted earnings per share (EPS) of $1.89, surpassing the consensus estimate of $1.83. Revenue for the quarter reached $84.74 billion, outpacing the average analyst projection …

Bitcoin prices continued their downward trend on Wednesday, reflecting a broader week of losses. The decline is largely attributed to a weak risk appetite among traders, driven by growing uncertainty surrounding the U.S. political landscape. In the past 24 hours, Bitcoin fell by 1.7%, bringing its price down to $65,793.50 …

Oil prices experienced a notable rebound on Wednesday, halting a three-day streak of losses. The uptick in prices was driven by a combination of decreasing U.S. crude inventories and heightened supply risks due to wildfires in Canada. Brent crude futures for September increased by 40 cents, or 0.5%, reaching $81.41 …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

US crude oil futures experienced significant losses, aligning with the anticipated downward trend, reaching the official targets at 77.60 and 76.85, and recording a low of $76.43 per barrel. From a technical perspective, the simple moving averages continue to support the bearish wave, bolstered by the Relative Strength Index (RSI), …

Gold prices started today’s trading session with noticeable positivity after finding strong support near 2388, prompting an upward bounce. Currently, the price is stable around 2416. From a technical analysis standpoint, the 240-minute chart indicates that the price has stabilized above the 2410 resistance level, aligned with the 38.20% Fibonacci …