Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Oil, Crude, trading
Read More »Dow Jones may resume rising 27/12/2023
USD/JPY needs a confirmation signal 27/12/2023
japanese-yen
Read More »GBP needs additional momentum 27/12/2023
Oil, Crude, trading
Read More »Oil is recording notable gains 27/12/2023
US crude oil futures exhibited a significant uptrend in the previous trading session, leveraging robust support around $73.20 and reaching a peak of $76.14 per barrel. Technical indicators, including the positive alignment of simple moving averages and encouraging signals from the Relative Strength Index (RSI), contribute to the optimistic outlook. …
Read More »Gold expands its gains 27/12/2023
Gold prices have experienced a notable surge, aligning with the positive outlook outlined in the recent technical report issued last Friday. The precious metal reached the official target of $2068 and attained its highest level at $2069 per ounce during yesterday’s trading session. Today’s technical analysis suggests the potential for …
Read More »Euro continues its gradual rise 27/12/2023
The euro has maintained its upward trajectory against the US dollar, following the anticipated path outlined in the previous technical report. The currency successfully reached the targeted level of 1.1040, touching a peak of 1.1045. Technical Analysis Overview: Examining the 4-hour time frame chart reveals that the simple moving averages …
Read More »Oil climbs amid Red Sea attacks, Fed’s rate cut expectations
Tuesday saw a more than 2% increase in oil prices, reaching their highest point since December 1. Concerns about potential interruptions to oil shipments were raised by recent attacks on ships in the Red Sea.Expected Fed interest rate reduction, which might spur economic growth and increase demand for energy, also …
Read More »Gold’s momentum benefits from softer US dollar
The thin holiday trading volumes will likely make gold price range questionable. But, generally speaking, the weakness of the US dollar continues to support the strong upward rebound of the gold price, with it holding on to the psychological resistance level of $2,000 per ounce. It seems that the gold …
Read More »Stocks kick off slightly higher in last week of 2023
US stocks opened higher on Tuesday to start the last week of the year, as traders aimed to end 2023 on a strong note. The S&P 500 climbed 0.3%, and the Nasdaq Composite advanced 0.4%. The Dow Jones Industrial Average gained 100 points, or about 0.3%. Intel rose nearly 3% …
Read More »Russian Finance Minister: The budget deficit will reach about 1.5% of GDP in 2023
:Russian Finance Minister Anton Siluanov recently announced on state television that the projected budget deficit for 2023 is set to reach approximately 2.9 trillion rubles, equivalent to $31.6 billion, or about 1.5% of the country’s Gross Domestic Product (GDP). Siluanov highlighted that both expenditures and revenues exceeded initial expectations, attributing …
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