Noor Trends News, Technical Analysis, Educational Tools and Recommendations

During the previous trading session, US crude oil futures exhibited mixed movements amid varied trading patterns. The prices briefly touched the stop losses mentioned in the previous report at $82.70, reaching a peak at $83.40. However, this level acted as a robust resistance, prompting a decline and causing oil to …

The formidable resistance level identified in the previous analysis at $1991 exerted significant downward pressure on gold prices, causing it to trade negatively and ultimately break the $1977 mark. Gold came within a few points of reaching the initial target of $1967, reaching its lowest point at $1969 per ounce. …

The EUR/USD pair reached the initial bearish target set in the previous technical report at 1.0530, hitting its lowest point at 1.0515. Regarding technical analysis today, the pair experienced an upward rebound after approaching the psychological support level of 1.0500. This led to a retest of the 1.0600 resistance, around …

On Friday morning, all eyes will be on Wall Street as the U.S. Bureau of Labor Statistics releases its latest employment survey. This report carries significant weight, as it can potentially influence the Federal Reserve’s monetary policy outlook. As a result, the market will likely experience heightened attention and scrutiny, …

The S&P 500 largely maintained its gains on Wednesday, despite choppy trading as Federal Reserve Chair Jerome Powell kicked off his press conference. The US central bank had, as anticipated, kept interest rates unchanged while praising the strength of the economy.In a policy statement that acknowledged the unexpected strength of …

Federal Reserve Chairman Jerome Powell holds a news conference to explain why they have decided to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% meeting and responds to questions.Key Quotes“‘Dot plot is a picture in time of appropriate policy in light of policymakers’ personal views.”“Efficacy …

Recent data suggests that economic activity expanded at a strong pace in the third quarter, according to the FOMC statement released on Wednesday, Nov. 1, following the committee’s decision to leave interest rate policy unchanged. The following FOMC members voted in favour of the monetary policy decision: Philip N. Jefferson, …

As expected, the Federal Reserve policymakers decided to leave US policy rate unchanged at the range of 5.25%-5.5% for the second consecutive time. The decision has just been announced and FOMC Chairman Jerome Powell will speak on the policy outlook and respond to questions in the post-meeting press conference, starting …

Near midday, ahead of the Federal Reserve’s meeting to set monetary policy, gold prices were marginally higher. Gold fell by 0.23% from the previous closing price, or $4.50.The Federal Reserve and Bank of England’s central bank meetings are the focus of the market, with most observers projecting that the FOMC …

On Wednesday, the US dollar reached a level not seen in almost a month as the DXY Index surged by 0.30%. The US dollar is supported by cautious market sentiment ahead of the Federal Reserve’s policy decision, even in the face of weak US economic data and declining US bond …