Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The Canadian dollar (CAD) experienced a significant surge at the end of last week, breaking through the 1.3720 resistance level and reaching an intraday high of 1.3773. The current technical outlook suggests a continuation of the bullish trend. Positive signals from the simple moving averages and the 14-day momentum indicator …

japanese-yen

Oil, Crude, trading

WTI crude oil futures experienced mixed trading, attempting to bounce back from recent lows by utilizing the 75.25 support level. Currently trading at $75.75 per barrel, the commodity faces a bearish outlook due to several technical factors. The 50-day simple moving average continues to act as a strong resistance barrier, …

Gold prices experienced a sharp decline, surrendering recent gains due to a strengthening U.S. dollar following the release of strong U.S. jobs data last Friday. The precious metal, which previously struggled to break above the 2360 resistance level, has now fallen below the crucial 2318 support, reaching a low of …

The EUR/USD pair experienced a significant drop at the end of last week, opening this week with a downward price gap due to a strengthening U.S. dollar. The pair is currently trading around 1.0757, its lowest level in early trading today. Technical analysis on the 4-hour chart reveals a bearish …

The financial markets displayed a mixed performance this past week, as investors navigated a confluence of economic data, central bank policy updates, and ongoing geopolitical tensions. While some sectors thrived, others took a backseat, reflecting the underlying uncertainty about the future trajectory of the global economy. Equity Markets Take a …

Surprisingly, the US NFP numbers were far higher than anticipated. It is improbable that an additional rate decrease will follow the ECB rate cut. The European Central Bank (ECB) President Christine Lagarde issued a warning that a follow-up rate drop to June’s quarter-point rate trim may not be in the …

The USD/CHF pair bounced back on Friday during the North American session, reaching as high as 0.8965 at the time of writing thanks to the US’s better-than-expected Nonfarm Payroll statistics. The yield on US Treasuries rose as the likelihood of a September Fed cut decreased. Following the announcement of revised …

The US stock market had a wild session on Friday, falling at first as the Federal Reserve’s intentions to lower interest rates this year were called into question by a better-than-expected jobs report. Investors had been waiting for news that would suggest the economy was slowing down and would result …