Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Oil, Crude, trading
Read More »Dow Jones achieves the desired goals 18/10/2023
CAD hit the resistance 18/10/2023
During the previous trading session, the Canadian dollar’s movements witnessed a temporary upward tendency. However, it clashed with the pivotal resistance level at 1.3700 published in the last technical report and failed to breach it. Technically, the pair found it difficult to break through the resistance of the psychological barrier …
Read More »JPY waiting for a signal 18/10/2023
japanese-yen
Read More »GBP trying to gain additional momentum 18/10/2023
Oil, Crude, trading
Read More »Oil extends gains 18/10/2023
The main support level published during the previous technical report at 85.65 succeeded in pushing the prices of US crude oil futures contracts to a solid upward rebound within the expected positive outlook, touching the first official target of 87.80, reaching the second stop of 89.10, and recording its highest …
Read More »Gold is the biggest gainer 18/10/2023
Gold prices achieved a noticeable base above the main support floor mentioned during the previous technical report, located at the price of 1913. In achieving an upward rebound, as we expected, they touched the first official target of 1929 and approached by a few points from the next stop, 1945, …
Read More »Euro needs a positive stimulus to resume the rise 18/10/2023
The EUR/USD pair’s movements witnessed a positive trend during the previous trading session, reflecting the expected downward trend. In this trend, we relied on trading stability below the 1.0550 resistance level when the report was published. The price’s consolidation above 1.0570 postpones the chances of a decline but does not …
Read More »Crude oil slightly higher around $86
Crude oil prices were fluctuating due to geopolitical tensions, with WTI offers ranging between $86.00 a barrel and $86.50. Saudi Arabia and Russia are cutting 1.3m barrels per day (bpd) of production and reducing exports, pushing crude oil prices higher.OPEC member countries are also cutting back on oil production, threatening …
Read More »Wall Street hesitates amid solid earnings, surging T-Yields
US equities dipped and Treasury yields soared on Tuesday as strong economic data and strong third-quarter earnings suggested that the Federal Reserve will continue to tighten policy for an extended period of time.All three major US indices were slightly lower at the end of trading, with interest-rate-sensitive MegaCap shares taking …
Read More »Market Drivers – US Session, October 17
In the Asian session, Chinese economic data including GDP figures will be the main focus, while RBA Bullock will be speaking at a panel discussion. At the same time, UK inflation data will be released during European trading hours.Economic DataIn the US, another round of positive economic data was released, …
Read More »