Noor Capital | Interview with Mohammed Hashad on CNBC– July 21, 2025

Interviewed by CNBC, Mohammed Hashad, Head of Research and Development at Noor Capital, commented on and analyzed market movements and the performance of key assets across financial markets.

Dow Jones Index

Hashad explained that the Dow Jones Industrial Average maintained positive momentum, supported by its stability above the 50-day Simple Moving Average (SMA), which acted as strong support. He also noted that signals from the 14-day Momentum Indicator, which stabilized above the midline, helped alleviate overbought conditions, reinforcing the upward trend. The index targeted 44740 and then the psychological barrier at 45000, buoyed by strong second-quarter corporate earnings, particularly in the banking sector.

EUR/USD

Hashad commented that the EUR/USD pair faced pressure due to a weaker dollar and the absence of bullish catalysts for the Euro. The pair traded below the 50-day moving average, which formed resistance at 1.1700. Hashad pointed to negative signals from the Relative Strength Index (RSI), reflecting weakening upward momentum. A bearish scenario dominated below 1.1670, targeting 1.1600 and 1.1570. The pair closed above 1.1670, which might temporarily reverse the trend towards 1.1700 and 1.1740, but the overall trend remained bearish.

GBP/USD

Hashad affirmed that the GBP/USD pair showed recovery after an oversold condition was rectified, supported by consolidation above the ascending trend line. It’s expected to target 1.3500 and 1.3560, provided it remains above the psychological support level of 1.3400, despite the ongoing challenges facing the British economy.

Gold Performance

Hashad clarified that gold retained its appeal as a prime safe-haven asset amidst ongoing geopolitical tensions and a weaker dollar. The yellow metal saw a bounce from 3320, supported by the 50-day moving average and positive signals from the RSI. It breached resistance at the 3365 mark and might target 3375 and 3388, but a drop below 3340 would retest 3320 and 3310. Gold prices continued their upward trend.

USD/CAD

Hashad indicated that the USD/CAD pair attempted to rally despite the tariffs imposed by US President Donald Trump. It settled above resistance at 1.3700, with dynamic support from moving averages, and targeted 1.3750 and 1.3800, bolstered by declining oil prices, a key component of the Canadian economy.

Crude Oil

Hashad predicted a continued decline in oil prices, as it traded below moving averages with a bearish crossover. The 66.80 mark formed resistance, but declining momentum signaled a temporary correction. If the price breaks above 66.80, it could target 67.80, provided it remains above 65.80. However, if it falls below $65.80 per barrel, the bearish trend will resume, targeting $64.20 per barrel, influenced by OPEC+ interventions.