Noor Trends News, Technical Analysis, Educational Tools and Recommendations

In the recent trading session, gold prices experienced significant losses in line with the negative technical forecast, meeting our earlier expectations. The precious metal touched the second official target at $1958, reaching its lowest point at $1956 per ounce. Today’s technical analysis continues to point towards a potential downtrend. Examining …

The EUR/USD pair experienced negative trading in yesterday’s session, following a gradual bearish trend toward the targeted level of 1.0640, ultimately reaching its lowest point at 1.0664. From a technical analysis perspective, a pessimistic outlook is maintained, supported by sustained daily trading below the robust resistance level at 1.0760, marked …

Metals continued to be pressed. Silver reached a two-week low of $22.43 and is trading dangerously below $22.80. Gold fell to a two-week low of $1956 before retreating from its losses.aDuring the American session, the US dollar weakened due to rising Wall Street stocks and a reverse in Treasury yields. …

Tuesday saw a 1.5% decline in the value of the Australian dollar (AUD/USD), hitting 0.6404 as a result of the Reserve Bank of Australia’s dovish statement and announcement of an anticipated 25 basis point rate hike. The Australian dollar bounced back to start trading on Wednesday at 0.6440.The Reserve Bank …

On Tuesday, the EUR/JPY pair made a significant move towards EU Retail Sales figures, hitting a 15-year high at 161.00. With a 2.8% decrease, Japan’s overall household spending for the year through September fell short of forecasts. With an improvement in the month-over-month figure, the market anticipates more declines in …

Uber has officially reported positive earnings to qualify the ride-sharing company to join the S&P 500. The company’s Q3 results missed analysts’ expectations, with revenue up 11% year over year to $9.29 billion.CEO Dara Khosrowshahi said Uber’s third quarter was “very strong” and saw accelerations in gross bookings, trips, and …

As the mood of the market turns more bearish on Tuesday, the Canadian dollar is weakening and losing the gains it made against the US dollar last week. Risk appetite is being negatively impacted by a significant miss for Chinese trade data as well as hawkish remarks made by Federal …

WTI crude oil has seen a significant drop, trading around $78.35, close to its lowest in over two months. Disappointing export figures from China raise alarms about potential declines in oil demand, pressuring prices. OPEC+ production cuts, led by Saudi Arabia and Russia, provide some support but fail to offset …

The US dollar is partially recovering from Friday’s losses, with US Treasury yields trading sideways around 4.61%. The benchmark 10-year US Treasury yield is at 4.61%, finding calmer ground after the volatile week last week. The US Dollar Index is trying to recover from last week’s drop, but still has …

Haitham Al-Ghais, Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), said on Tuesday that the organization expects the global economy to grow and fuel demand to increase despite macroeconomic challenges, including high inflation and interest rates. He said at the Argus European Crude Oil Conference on Tuesday that …