Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Oil, Crude, trading
Read More »GBP keeps climbing gradually 27/6/2023
Oil is waiting for a move signal 27/6/2023
We remained neutral during the previous technical report due to a conflict between the technical signals to find that oil prices did not witness noticeable movements in the last session within a narrow sideways path, and the current movements witness stability around $69.70 per barrel. Technically, the contradiction between the …
Read More »Euro is trying to consolidate 27/6/2023
Quiet trading dominated the movements of the euro-dollar pair during the first trading of this week, and it did not show any major movements, maintaining positive stability above 1.0860. From the point of view of technical analysis today, and by looking at the 4-hour chart, we find that there are …
Read More »The dollar rises ahead of US data
The dollar maintained its gains against other major currencies on Tuesday, amid great tension in Russia and traders’ anticipation of US data that may determine the timing of interest rate hikes. Russia witnessed at the beginning of the week a failed rebellion, a crisis that pushed the dollar to a …
Read More »European stock markets open lower, with bank stocks falling
European stocks fell on Monday as a sharp decline in financial stocks offset gains in the energy sector due to concerns about political instability in Russia, a major oil producer. The pan-European STOXX 600 was down 0.3% by 0717 GMT, after posting its biggest weekly percentage loss in three months …
Read More »Dollar is shaking as investors focus on interest rates and the economic outlook
The dollar fell on Monday before getting some safe-haven support as concerns persisted that the prolonged monetary tightening policy pursued by major central banks could further damage the global economic outlook. Recent events in Russia also kept investors on guard, but the reaction in the currency market was muted as …
Read More »Dow Jones is facing negative pressure 26/6/2023
Oil, Crude, trading
Read More »CAD is back to the downside 26/6/2023
The Canadian dollar failed to settle for a long time above the resistance level of the psychological barrier 1.3200 to return to the bearish trend again, and the current movements are witnessing stability around its lowest level during the morning session of today’s trading session, around 1.3160 From a technical …
Read More »GBP is trying to take advantage of the support 26/6/2023
Oil, Crude, trading
Read More »Oil needs to be monitored 26/6/2023
US crude oil futures prices touched the official target to be achieved by the end of last week’s trading, as we expected at 67.30, recording its lowest level at $67.03 per barrel. Technically, with a closer look at the 240-minute chart, the current trading has returned to stability above the …
Read More »