Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Positive trades were evident in the movements of the Canadian dollar, although positivity remained constrained as the pair stabilized below the formidable resistance level at 1.3500. From a technical analysis standpoint today, intraday trading shows stability below the psychological barrier resistance of 1.3500. The 14-day momentum indicator has started to …

japanese-yen

Oil, Crude, trading

Mixed trading characterized the movements of US crude oil futures in the previous session, maintaining a positive stance despite a slightly bearish tone. From a technical standpoint, oil prices stabilized above the support level mentioned in the previous report at 73.80, and, in general, they remained above the psychological barrier …

The technical outlook for gold has experienced little change, with the precious metal trading within a narrow range for the third consecutive session, bound by support near 2016 and resistance around 2034. In a detailed analysis based on the 240-minute time frame chart, the price has found stability above the …

The EUR/USD pair experienced a significant decline in the previous trading session. In the last technical report, a neutral stance was maintained due to conflicting technical signals. It was emphasized that a drop below 1.0860 would exert negative pressure on the euro, targeting 1.0800, and indeed, it reached its lowest …

Market analysts anticipate that the Bank of Canada will maintain its key overnight rate during its upcoming meeting on Wednesday. Despite this expectation, persistent inflationary pressures have prompted markets to revise their projections for the timing of the next interest rate cut, postponing the possibility of a reduction for the …

The US dollar’s additional strength in combination with higher yields across the curve and the intense risk aversion pushed the DXY Index to new yearly highs well north of 103.00. Next on tap in the US docket will be the preliminary Manufacturing and Services PMIs for the month of January.It …

The S&P 500 continued its historic run upward as investors looked to the day’s earnings stream for clues about the state of the economy and corporate America.The S&P 500 increased by almost 0.3% to close at 4,864.61, a record high. Tuesday saw another big move in the Nasdaq Composite, which …

In the middle of the North American session, the Pound Sterling was negatively impacted by the strong US Dollar and high US Treasury bond yields, which supported the US dollar. The GBP/USD pair declined by more than 0.40%.As corporations release their fourth-quarter earnings from the previous year, US markets are …