Page 39 - Exponential Moving Average News Today

USD/JPY extends its losses as the US Dollar (USD) weakens on the back of the dovish Federal Reserve’s (Fed) outlook in the first quarter of 2024. The USD/JPY pair trades lower around 140.80 during the early European session on Thursday. The 141.00 psychological level emerges as the immediate resistance following the next barrier at the 142.00 level.

EUR/USD maintains its winning streak, with the Euro (EUR) gaining ground against the subdued US Dollar (USD).

Indian Rupee (INR) recovers its recent losses on Thursday amid the US Dollar (USD) weakness.

The Australian Dollar (AUD) continues to gain ground on Thursday as the US Dollar (USD) fell below the 101.00 mark, influenced by subdued US Treasury yields.

The Pound Sterling (GBP) falls vertically from fresh four-month high as investors hope that the Bank of England (BoE) may shift to a dovish monetary policy stance amid

The Pound Sterling (GBP) prints a fresh four-month high as investors hope that the Bank of England (BoE) will maintain a restrictive monetary policy stance for a longer period than other Group of Seven economies. The GBP/USD pair has continued its four-day winning streak as the market mood is quite cheerful due to early rate cut expectations from the Federal Reserve (Fed).

The NZD/USD pair has fallen to near 0.6330 amid a surprise recovery in the US Treasury yields.

The Australian Dollar (AUD) moves upward on Wednesday on improved risk appetite while the US Dollar (USD) could show signs of weakness in the speculation on a dovish stance of the Federal Reserve (Fed) on interest rates.

The Pound Sterling (GBP) demonstrates volatility contraction in a thin-trading week.

Indian Rupee (INR) edges lower on Wednesday amid the holiday season's thin trading.