Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Oil, Crude, trading
Read More »Dow Jones is waiting for a stronger trend 15/8/2023
CAD maintains the bullish trajectory 15/8/2023
The technical outlook is as it is, without change, and the pair’s movements did not change significantly, maintaining its bullish path after establishing a good support base of around 1.3400. From the point of view of technical analysis today, the 50-day simple moving average still carries the price from below, …
Read More »JPY continues to break through the tops 15/8/2023
japanese-yen
Read More »GBP awaits confirmation of the breakout 15/8/2023
Oil, Crude, trading
Read More »Oil needs a negative catalyst 15/8/2023
Mixed movements dominated the prices of US crude oil futures contracts, moving in both upward and downward directions. As a reminder, we indicated during the previous report that we are waiting for a bearish tendency that aims to retest 82.00 and 81.70, explaining the importance of this level to the …
Read More »Gold continues its negative crawl 15/8/2023
As we expected, the bearish trend continues to dominate gold’s movements within the bearish technical track, bypassing the first targeted station during the previous analysis, located at 1906, recording its lowest level at $1902 per ounce. On the technical side today, by looking at the 4-hour chart, with the continuation …
Read More »Euro continues achieving bearish targets 15/8/2023
Noticeable declines dominated the Eurodollar pair within the bearish technical outlook, as we expected, in which we relied on breaking the support level at 1.0955, touching the first target at 1.0885, and recording its lowest level at 1.0874. On the technical side today, and with a closer look at the …
Read More »Goldman expects Fed to start rate cuts in Q2 next year
The Federal Open Market Committee (FOMC), according to Goldman Sachs, may begin reducing the funds rate in the second quarter of 2024. This estimate assumes that core Personal Consumption Expenditures (PCE) inflation will have fallen below 3% on a yearly basis and under 2.5% on a monthly basis. Even if …
Read More »The strength of dollar plunged gold to its lowest level in 5 weeks
Gold prices fell on Monday, August 14, to their lowest level in more than five weeks, after the dollar and bond yields rose, ahead of the upcoming publication this week of the minutes of the US Federal Council meeting for the month of July, which may provide indications that will …
Read More »European stocks decline with shares of commodities-related companies falling
European stocks opened lower on Monday, led by losses from miners with exposure to China on concerns about its ailing real estate sector, and energy stocks fell on lower oil prices. And by 0703 GMT, the European Stoxx 600 index fell 0.1 percent, extending losses from the previous session. Shares …
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