Page 35 - Exponential Moving Average News Today

NZD/USD retraces its recent losses, trading higher around 0.6280 during the European session on Thursday. However, the NZD/USD pair faced challenges as the US Dollar improved on the market caution.

The USD/CAD pair falls sharply after failing to extend upside above 1.3370.

Silver price (XAG/USD) faces an intense sell-off as the labor market conditions in the United States have improved significantly.

Gold price (XAU/USD) surrenders their entire intraday gains as United States labor market conditions have improved broadly.

The USD/CAD pair falls sharply after failing to extend upside above 1.3370. The Loonie asset has dropped to near 1.3320 as the US Dollar Index (DXY) has corrected after the release of the Federal Open Market Committee (FOMC) minutes strengthened prospects of rate cuts this 2023. The timing factor is still uncertain as Fed policymakers are needed to confirm progress in inflation declining towards 2% first.

USD/CAD hovers near 1.3330 during the Asian session on Wednesday. The USD/CAD pair receives upward support as investors turn back to the US Dollar (USD) on risk-off sentiment.

The USD/CHF pair delivers a decisive break above the psychological resistance of 0.8500 in the European session.

On Tuesday, the Nifty Pharma index emerged as the leading sectoral performer, showcasing a remarkable surge of over 2%, significantly outpacing the broader indices.

The NZD/USD pair has rebounded after discovering buying support near 0.6250 on Wednesday.

Indian Rupee (INR) edges lower on Wednesday amid renewed US Dollar (USD) demand.