Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Gold prices declined during the previous trading session within the negative outlook expected in the last report, touching the first official target of 1929, recording its lowest level of $1924 per ounce. Technically, by looking at the 240-minute time frame chart, we find that the simple moving averages continue to …

As we expected, the downward trend continued to dominate the movements of the EUR/USD pair, reaching the official target station during the previous technical report at 1.0700, recording its lowest level at 1.0700. Technically, with a closer look at the 4-hour chart, we find the pair stable below the psychological …

Amid gloomy UK PMI data and a slowing global economy, the pound sterling falls. The GBP/USD pair declines 0.42% to trade at 1.2567 as a result of the UK’s S&P Global/CIPS Composite PMI falling to 48.6, entering contraction zone for the first time since January. The pair is trading at …

This week, the EUR/GBP pair has lost around 0.42%, dropping to 0.8535. As of this writing, it is trading at 0.8531 after the Eurozone’s PPI figure for July above expectations while the August Services PMI came in below expectations.The same month’s British PMI numbers were better than anticipated, although they …

Due to waning market sentiment and declining momentum, it is anticipated that Bitcoin will drop below the $24,995 threshold. The $1,630 support level is tenuously holding, putting Ethereum price at risk of a 5% decline for liquidity collection. If the current confidence holds, ripple price could break through the $0.5667 …

The chances of a soft landing are getting better, but the Australian economy still seems to be in a holding pattern. It’s far from certain that the unemployment rate will stay below 4%, that wages will catch up to or surpass inflation, or even that the federal budget will continue …

On Tuesday, another round of Fed speakes are attracting the attention of traders, investors and market participants. “We will certainly not continue to raise interest rates until inflation has already fallen to 2%,” Cleveland Federal Reserve President Loretta Mester said.“Nor will we wait to lower interest rates until inflation is …

SoftBank Group’s Arm is aiming for a valuation of more than $52 billion in its initial public offering, making it the year’s largest stock market debut. According to a regulatory filing on Tuesday, SoftBank (TYO:9984) is issuing 95.5 million American depository shares of the Cambridge, United Kingdom-based company for $47 …

Higher Treasury yields knocked on growth stocks in the United States on Tuesday, as a slowing pace of rise in China’s services activity fueled concerns about demand in the world’s second-largest economy. The 10-year Treasury note yield has risen to 4.21% ahead of additional economic data and the Federal Reserve’s …

European stocks fell on Tuesday to their lowest levels in a week, as weak economic data in China stoked fears about a slowing recovery while investors awaited the release of local data that could provide clues to the European Central Bank’s plans for monetary tightening. The European STOXX 600 index …