Noor Trends News, Technical Analysis, Educational Tools and Recommendations

German unemployment rose more than expected in April, Labour Office figures showed on Friday, as a sluggish economy took its toll on the labour market. The Federal Labour Office said the number of people out of work increased by 24,000 in seasonally adjusted terms to 2.567 million. Analysts polled by …

Japan’s Nikkei rose to an eight-month high on Friday after the Bank of Japan kept its ultra-loose monetary policy unchanged, boosting the index further after a series of strong corporate results boosted it. The Nikkei index rose to 28,879.24 points for the first time since August 19, and closed near …

The Canadian dollar approached the first target during the previous trading session at 1.3650, recording its highest level at 1.3645. Technically, and by looking at the 4-hour chart, we renew that the pair started to exit from the ascending channel, and we find that the relative strength index started to …

Oil, Crude, trading

Mixed trading tended to be positive, dominating the movements of the US crude oil futures contracts during the previous trading session, trying to take advantage of the support base for the psychological barrier of 74.00 within limited attempts to achieve some bullish rebound. Technically, the simple moving averages continue to …

Negative trading dominated gold prices yesterday, explaining that the failure to breach the pivotal resistance level 2006 increases the possibility of the corrective decline to target 1985 and 1971, recording its lowest level at $1972.00 per ounce. Today’s technical vision indicates the possibility of continuing the decline, depending on the …

A limited bearish tendency dominated the movements of the EUR/USD pair during the previous trading session due to the selling pressure around the 1.1060 resistance level, which led the pair to retest the 1.1000 support. On the technical side today, and with a closer look at the 4-hour chart, we …

On the back of positive earnings announcements, Wall Street saw its best day in a week on Thursday, with the Dow Jones rising 1.57% and the Nasdaq rising 2.43%. Surprisingly, Meta Platforms increased by approximately 14% on Thursday. Companies including Exxon Mobil, Chevron, PetroChina, China Construction Bank, Sony, and Mercedes-Benz …

The EUR/USD pair seesaws around 1.1030 after a volatile US session. The pair is trading at 1.1026 at the time of writing. On Thursday, the first readings of the US Gross Domestic Product (GDP) for the first quarter (Q1) of 2023, also known as Advance readings, marked mixed outcomes. Headline …

The US economy grew slower than anticipated in the first quarter of the year. Stock markets are on the rise amid upbeat corporate earnings reports as gold is technically neutral, although, with absent demand for US dollar, the risk skews to the upside.Gold failed once again to penetrate the $2,000 …