Noor Trends News, Technical Analysis, Educational Tools and Recommendations

The Canadian dollar fell within the expected downward path, touching the first target required to be achieved during the previous technical report at 1.5350, recording its lowest level at 1.3543. Technically, we are leaning towards negativity, relying on the negative intersection of the simple moving averages that continue to pressure …

japanese-yen

Oil, Crude, trading

US crude oil futures prices witnessed a trading session in positive areas within the bullish context as we expected, in which we relied on breaching the resistance of the psychological barrier 88.00, touching the second target to be achieved at 88.85 and approaching by a few points from the official …

We adhered to intraday neutrality during the previous technical report due to the conflicting technical signals and the confinement of trading within a sideways range, explaining that activating the selling positions requires a break of 1913 for the price to head to touch the target of the first break at …

The movements of the EUR/USD pair did not significantly change during the previous trading session, with the continuation of the side range confined from the bottom above 1.0700 and from the top below 1.0790. On the technical side today, with a closer look at the 4-hour time frame chart, we …

The US Consumer Price Index (CPI) data, the most significant indicator of inflation, is set to be released by the US Bureau of Labour Statistics on September 13. Economists and analysts of 10 major banks have provided estimates for the awaited US inflation print for August. The headline CPI is …

It’s US CPI data’s day. The awaited readings are expected to trigger price actions across the board and are crucial before next week’s FOMC meeting. During the Asian session, Japan will release the Producer Price Index. Later, monthly UK GDP data is due, as well as Eurozone Industrial Production figures.The …

An optimistic prognosis for oil consumption and a tighter supply have caused the WTI crude price to rise to $88.40. Global oil production is expected to increase to 101.2 million barrels per day (bpd) in 2023 and 102.9 million bpd in 2024, according to the US Energy Information Administration.According to …

Early Tuesday trading saw a decline in the EUR/USD pair, and buyers are attempting to make up ground. Midweek economic data from the US and EU will make the charts more difficult to read. Along with US inflation data due soon, the ECB rate decision is just around the corner.After …