Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Oil, Crude, trading
Read More »Dow Jones extends its gains 30/8/2023
CAD tends to be negative 30/8/2023
The Canadian dollar achieved the idea of retesting the support published during the previous technical report, touching the target of retesting the support level of 1.3560, recording its lowest level at 1.3550. Technically, we tend towards negativity in our trading, relying on trading stability below the resistance level of 1.3600, …
Read More »JPY may witness a temporary decline 30/8/2023
japanese-yen
Read More »GBP trying to break the major resistance 30/8/2023
Oil, Crude, trading
Read More »Oil breaks through resistance 30/8/2023
US crude oil futures prices reversed the bearish trend, as we expected, in which we relied on trading stability below the strong resistance level 80.60, at the time of the report’s release. As a reminder, we indicated that the price’s consolidation above 80.70 can thwart the bearish trend and lead …
Read More »Gold touches the target and consolidates its gains 30/8/2023
Gold prices touched the bullish target at the price of 1929, heading to visit the second target of 1933, recording its highest level at $1938 per ounce. Today’s technical vision indicates the possibility of resuming the rise, relying on gold prices continuing to receive a positive incentive from the simple …
Read More »Euro starts attacking the resistance 30/8/2023
The euro achieved significant gains against the US dollar during the previous trading session within the expected bullish context, in which we relied on confirming the breach of the 1.0850 resistance level, explaining that this is a catalyst that enhances the chances of an increase to visit 1.0880, for the …
Read More »Market Divers – US Session, August 29
The US Dollar Index dropped by the most since more than a month. Although the US Dollar fall is set to continue, the direction will depend heavily on incoming US data. On Wednesday, the ADP private employment report and another estimate of Q2 GDP growth will be released. Consumer inflation …
Read More »Why do financial markets expect less hawkish Fed?
According to the US Bureau of Labour Statistics, there were 8.827 million job opportunities in July, far fewer than the predicted 9.465 million, while consumer confidence declined. The probability of a Fed rate hike in September has decreased to just 13.5%, according to the CME FedWatch Tool, while the probability …
Read More »Iconic US Retail Chain Filing bankruptcy
Due to its $3.3 billion debt and probable lawsuits regarding opioid prescriptions, American iconic retail chain Rite Aid is getting ready to apply for Chapter 11 bankruptcy protection. The firm has had difficulties throughout its history, with rivals including Bed Bath & Beyond, Tuesday Morning, and Christmas Tree Shops faltering …
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