Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Oil prices rose slightly on Tuesday amid concerns that tension in the Middle East could disrupt supplies, but uncertainty about the pace of potential US interest rate cuts and the impact on fuel demand limited gains. By 0420 GMT, Brent crude futures rose seven cents, or 0.1 percent, to $82.07 …

Encountering Strong Resistance The Canadian dollar experienced negative trading in the initial sessions of the week, encountering robust resistance around 1.3480. Technical Indicators Signal Negativity Today’s technical analysis leans towards negativity, as evidenced by the negative intersection of simple moving averages pressuring the price from above. Additionally, the 14-day momentum …

japanese-yen

Oil, Crude, trading

Record Highs and Technical Optimism In the previous trading session, US crude oil futures soared, reaching a peak of $77.08 per barrel. Technically, a positive outlook prevails, supported by consistent movement within an ascending price channel depicted on the 4-hour chart, alongside encouraging signals from the simple moving averages. Preferred …

Resilience Above Support Despite previous attempts to break the main 2016 support level, gold showcased resilience in the recent trading session, stabilizing above the critical threshold. Technical Insights Examining the 4-hour timeframe chart, the price is consolidating above the 2016 38.20% Fibonacci retracement, with the Stochastic indicator indicating potential upward …

Positive Momentum vs. Psychological Resistance In the early trading sessions of the week, the EUR/USD pair displayed bullish movements, challenging the significant resistance level at 1.0800. However, this psychological barrier prompted a retest of the robust support level at 1.0760, where the pair currently lingers. Technical Indicators at Odds Analyzing …

Financial markets navigated in a very modest range after a slow start to the new trading week as market participants exercised caution ahead of the release of significant US inflation reading on February 13.The USD Index finished the session marginally different from Friday’s closing levels in the low-104.00s amid varied …

In reaction to investors’ anticipation of US retail sales and inflation data this week, which could provide insight into the timing of the Federal Reserve’s much-anticipated interest rate reductions, the dollar saw a little increase against other major currencies on Monday.Bitcoin reached $50,000 in cryptocurrency for the first time since …

The USD/JPY pair has stabilized at 149.33 as markets await crucial US inflation data, affecting the Fed policy outlook. The US January CPI is expected to decline, fueling discussions on the Fed’s easing timeline amid calls for patience. The Federal Reserve is unlikely to alter rates in March, but May …