Noor Trends News, Technical Analysis, Educational Tools and Recommendations

European stocks settled on Friday, at the end of a week of weak trading, which witnessed reluctance by investors before the issuance of the latest decisions of major central banks. Croda shares led the main index losses after lukewarm earnings expectations. The European Stoxx 600 index settled at 460.57 points …

Japan’s Nikkei index rose sharply on Friday, marking its ninth consecutive week of gains, as investors took comfort from the fixing of the final settlement price. The Nikkei index rose 1.97 percent to close at 32,265.17 points, its biggest daily gain since last Monday. The index rose 2.35 percent for …

Oil, Crude, trading

The Canadian dollar declined significantly yesterday, within the expected bearish path during the previous technical report, as the support level of 1.3350 succeeded in limiting the bearish bias. Technically, the pair breached the support level of 1.3420 and turned into a resistance level. The simple moving averages continue to pressure …

Oil, Crude, trading

We adhered to intraday neutrality during the previous technical report, explaining that we are waiting for the pending orders to be activated. We explained that breaking 71.55 leads oil prices to a bearish solid path with a target of 70.10, recording its lowest level at $69.10 per barrel. Technically, the …

The technical outlook is unchanged, and for several consecutive sessions, we waited for the pending orders to be activated due to the sideways movements that dominated gold prices from below 1945 and from above below 1977. Technically, there are positive attempts that supported gold prices to touch 1970 dollars, accompanied …

After several successive sessions in which the sideways movements dominated the Eurodollar pair from below 1.0665 and above 1.0770, we find that the pair started to get positive signs, attacking the main resistance level of the current trading level of 1.0770. On the technical side, we indicated during the previous …

On Thursday, Wall Street indexes rose sharply, boosted by easing expectations of a hawkish Federal Reserve ahead. A sharp increase in US Initial Jobless Claims pushed the US Dollar further to the downside. The Greenback ended the day looking vulnerable to more losses. US Treasury yields pulled back, paring Wednesday’s …

On Thursday, the US stock market climbed higher as it built on its recent gains. Traders were looking ahead to key inflation data next week as well as the Federal Reserve’s latest policy announcement. The Dow Jones Industrial Average added 168.59 points, or 0.5%, to close at 33,833.61. The S&P …