Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Oil, Crude, trading
Read More »Dow Jones trying to rise 11/9/2023
CAD looking for a directional signal 11/9/2023
CAD witnessed a sideways trend for several successive sessions, confined from below above the support floor of the psychological barrier 1.3600 and from above below the resistance of the psychological barrier of 1.3700. Technically, and with a closer look at the 4-hour time frame chart, we find that the pair …
Read More »USD/JPY continue to advance upward 11/9/2023
japanese-yen
Read More »GBP continues to achieve bearish targets 11/9/2023
Oil, Crude, trading
Read More »Oil tends to be negative 11/9/2023
Mixed trading dominated the prices of US crude oil futures contracts, confined from the bottom above 86.20 and the top below the psychological barrier resistance level of 88.00. Technically, with a closer look at the 4-hour chart, the Stochastic indicator began sending negative crossover signals, and this is accompanied by …
Read More »Gold is waiting for a new direction on the intraday basis 11/9/2023
We adhered to intraday neutrality during the previous technical report due to conflicting technical signals, explaining that we are waiting for the confirmation of the breach of the 1929 resistance or the breach of the 1913 support. Gold prices found strong resistance around 1929, which forced the price to trade …
Read More »Euro: continuation of the decline needs confirmation 11/9/2023
Limited side trading dominated the euro’s movements against the US dollar at the end of last week’s trading within a bearish context, concluding its trading around the psychological barrier of 1.0700. Technically, and with a closer look at the 4-hour time frame chart, we find that the simple moving averages …
Read More »Financial Markets’ Weekly Recap, September 4:8
The G-20 leaders decided on Saturday to implement the reporting framework for digital assets quickly since a sizable portion of their members want information exchange on these non-financial assets to begin by 2027. To prevent tax evaders from hiding their unreported wealth with such non-financial assets, the Crypto Asset Reporting …
Read More »Why do Fed’s economists expect low inflation, no recession, positive growth?
Federal Reserve Bank of Chicago economists forecast that inflation will decline without pushing the US economy into a recession. They also described a Goldilocks scenario for a soft landing in a recent study. Inflation may fall below 2% by next year, negating the need for any rate increases.Stefania D’Amico and …
Read More »WTI expected to close a winning week
WTI crude rose by over 0.70% on Friday, reaching $88.00. However, the daily chart shows exhaustion signals, suggesting tighter supply is a tailwind for oil prices. Global weakening demand may cap gains. The West Texas Intermediate advanced near $88.00 and settled below $87.00, still poised for a 2% weekly gain. …
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