Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The support level published in the previous report, at $ 1969, could limit the downward trend in gold prices during the first trading sessions of this week. This forced gold to maintain positive stability, and current movements indicate it stabilizes around $1977 per ounce. From a technical standpoint, looking at …

After several successive sessions of movement within a sideways price range, the euro succeeded in confirming the breach of the resistance of the psychological barrier 1.0600, heading to touch the official target required to be achieved during the previous technical report at the price of 1.0670, recording its highest level …

Interviewed by Dubai TV, Mohammed Hashad, Head of Research and Development Department at Noor Capital and member of the US Association of Technical Analysts, commented on the interest rate expectations of the European Central Bank, which holds its monetary policy meeting next Thursday. Hashad also touched with analysis a number …

Crude oil prices declined on Monday. The WTI barrel dropped to its lowest level in a week, reaching $85.66.Gold pulled back despite the sharp slide in US yields; XAU/USD found support above $1,970. Meanwhile, Silver experienced losses and dropped below $23.00.Remarkable DevelopmentsThe Treasury market was the center of attention on …

China’s Finance Ministry said, on Tuesday, that the two sides had in-depth, candid and constructive discussions on the macroeconomic situation and policies of the two countries and the world,” following the conclusion of the first meeting between the China-US economic working group.Additional QuotesChina expressed its concern, both sides will maintain …

The 10-year Treasury yield has reached 5% for the first time since 2007, marking a significant shift in the global financial system. The increase in yields means that the US government must pay more to borrow money from investors to cover its spending, impacting people worldwide. The 10-year Treasury yield …

Wall Street is continuing a monthslong run where it’s slavishly followed the cue of the bond market. The S&P 500 shook off a weak start and was up 0.3% in midday trading. The benchmark index is coming off its worst week in a month. Early Monday morning, the yield on …

The US Dollar faces selling pressure as investors await fresh catalyst. Dovish bets on the Fed and lower US yields weakened the green currency. The US will release the preliminary estimate of Q3 GDP and PCE inflation data this week. The US Dollar Index declined to the 105.75 area. Falling …

The Japanese Yen continues to struggle against the USD, with the pair coiling below the key level of 150 and threatening a breakout higher. Dovish remarks from BoJ Governor Ueda have pushed the pair higher, and intervention from Japanese authorities is likely as key price/yield levels are now close to …

European stocks steadied on Monday ahead of earnings reports and an expected European Central Bank monetary policy meeting during the week, but tension in the Middle East kept investors on edge. The European STOXX 600 index rose 0.1 percent by 0703 GMT, after falling more than three percent in the …