{"id":74855,"date":"2022-11-01T00:36:21","date_gmt":"2022-10-31T20:36:21","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=74855"},"modified":"2022-11-21T23:44:27","modified_gmt":"2022-11-21T19:44:27","slug":"noor-capital-mohammed-hashad-interview-on-cnbc-2","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/noor-capital-mohammed-hashad-interview-on-cnbc-2\/11\/01\/education-and-development\/","title":{"rendered":"Noor Capital | Mohammed Hashad Interview On CNBC"},"content":{"rendered":"\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"\u0646\u0648\u0631 \u0643\u0627\u0628\u064a\u062a\u0627\u0644 | \u0644\u0642\u0627\u0621 \u0645\u062d\u0645\u062f \u062d\u0634\u0627\u062f \u0639\u0644\u0649 \u0634\u0627\u0634\u0629 \u0633\u064a \u0627\u0646 \u0628\u064a \u0633\u064a \u0639\u0631\u0628\u064a\u0629 31\/10\/2022\" width=\"618\" height=\"348\" src=\"https:\/\/www.youtube.com\/embed\/1q-wBIvw-34?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>In the weekly analysis of financial assets, Mohammed Hashad, Head of Research and Development at Noor Capital and member of the American Association of Technical Analysts, commented on and answered questions related to the technical path of a number of important assets and pairs, in addition he commented on other indicators and the performance of commodities.<br><br>EUR\/USD<\/p>\n\n\n\n<p><br>\u201cHashad\u201d said that the euro declined despite the interest rate hike last week by 75 basis points, as it returned to trading below the parity point against the US dollar and turned into a resistance level at the 23.60 Fibonacci correction, the moving averages are exerting negative pressure on the price and there is a clear decline in the resolve to short time frames.<br><br>Therefore, Hashad believes that the most likely scenario is the bearish scenario and we target the 99 levels, and that infiltrating from this level would facilitate the task of touching the euro to the 98.30 level, and the trend is still bearish against the US dollar.<br><br><strong>GBP\/USD<\/strong><\/p>\n\n\n\n<p><br>As for the British pound, in light of the challenges facing the British economy, we notice that the pound was declining, but now we see the last candles indicating a return to reversing the bearish trend of the pound. In response, \u201cHashad\u201d said that one of the best performers against the US dollar is the British Pound, which is regularly working within the bullish price channel, and this stimulates the positive signals coming from the 50-day simple moving average.<br><br>And it retested the 1520 level and opened the trading sessions of the week above this level. Accordingly, \u201cHashad\u201d believes that the sterling pound has more advances to the 1.17 levels, while maintaining the positive stability above the strong demand area 15.20, and if this level is broken, some bearish corrective tendency to 13.80 levels before the rise returns again.<br><br>The pair has retested the 1520 level and opened the trading sessions of the week above this level. Accordingly, Hashad believes that the sterling has more advances to the 1.17 levels, while maintaining the positive stability above the strong demand area 15.20, and if this level is broken, some bearish corrective tendency to 13.80 levels before the rise could appear again.<br><br><strong>USD\/CAD<\/strong><\/p>\n\n\n\n<p><br>When asked about how the Canadian dollar\u2019s performance will respond in light of fears of exchange rate instability, one should not forget that the world\u2019s major central banks are meeting this week and perhaps markets could hear about keeping pace with raising interest rates, Hashad said, \u201cThe American dollar\/Canadian dollar pair found a strong resistance level around 1.3680 levels with negative pressure.\u201d from simple moving averages.<br><br>Momentum indicators also show some decline in their momentum on the short time frames, and accordingly, Hashad sees that the pair has more temporary decline to retest 1.35 levels before resuming the resurgence again, and it is a pivotal point at which the Canadian dollar must be monitored, which is the 1.3680 level, which is considered one of the most important levels.<br><br>As for the general trend over the short term, the trend is to the downside, in light of stability below the level, and surpassing it upwards may retest 1.3800 before declining again.<br><br><strong>Dow Jones Index<br><\/strong><br>The performance of the US indices in October was mixed and volatile and was the best since 1976, asked how to monitor the movements of the Dow Jones during the month of October, specifically in the last sessions, Hashad said that the index took advantage of the results of corporate earnings reports that were above expectations, and so, the index is now stabilizing above the very important support level of 32700, but the simple moving averages still support the bullish price curve.<br><br>Hashad also added that markets may witness some bearish fluctuation as a result of the chaotic signals from the overbought areas, and the 33300 levels are still the waiting point in case the 32700 level is broken, so, markets may see the 32400 level at the 50-day average before attempts to surge again, and of course the focus will be on Fed\u2019s interest policy decision.<br><br><strong>Oil<\/strong><br><br>It seems that the decision to cut oil output by two million barrels did not lead to an increase in prices. Asked whether he thinks that the current decline in oil prices is due to the situation in China, i.e. the contraction in the Chinese economy and the recent macroeconomic data, not to mention the strength of the US dollar, Hashad noted that despite the output cut by 2 million barrels, oil is struggling to maintain the upward trajectory, as there are some signs of overbought.<br><br>However, crude oil started this week\u2019s sessions stable above the $86.40 per barrel level, which is a very important level, as represented by the 50-day average. Hashad believes that crude oil is still targeting 90 dollars per barrel, unless any trading during the week\u2019s trading below the 86.30 level, and oil slides below the said level, markets might witness $84 per barrel.<br><br><strong>Gold<\/strong><br><br>Despite inflation-linked fears and the data as well as figures that markets were awaiting from the eurozone, all this did not help gold to trade out of the tight range, Hashad commented that there are selling pressures besieging gold over several sessions in a row, as gold failed to breach the 1660 levels, which represents a very important resistance level.<br><br>Hashad also believes that the obvious negative pressures on the simple moving averages will pressure prices down, and gold could wait for the $1615 level during the current trading week, unless markets see any new trading above the $1660 level.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the weekly analysis of financial assets, Mohammed Hashad, Head of Research and Development at Noor Capital and member of the American Association of Technical Analysts, commented on and answered questions related to the technical path of a number of important assets and pairs, in addition he commented on other indicators and the performance of &hellip;<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[45,299],"tags":[6902,6884,6885,7034,7603,6846,7015],"class_list":["post-74855","post","type-post","status-publish","format-standard","","category-education-and-development","category-tv-interviews","tag-dow-jones","tag-eur-usd","tag-fed","tag-gbp-usd","tag-gold-prices","tag-oil","tag-usd-cad"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=74855"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74855\/revisions"}],"predecessor-version":[{"id":76013,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74855\/revisions\/76013"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=74855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=74855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=74855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}