Page 14 - Simple Moving Average News Today

The Mexican Peso (MXN) pares earlier losses against the US Dollar on Tuesday as the North American session begins.

Amidst the ongoing surge led by the semiconductor sector, the Artificial Intelligence revolution, and Nvidia Corp. (NASDAQ: NVDA), which is steering the S&P 500 to new heights, several overbought scenarios have developed in individual stocks.

During Tuesday's session, the NZD/JPY pair rose to the 91.05 level, showing a slight gain of 0.15%.

USD/JPY is trading down almost a tenth of a percent in the 151.300s at the start of the new week.

EUR/USD is trading about a tenth of a percent higher at the start of the week, in the lower 1.0800s, possibly as a result of broad US Dollar (USD) selling after the People’s Bank of China (PBoC) fixed the Renminbi surprisingly higher on Monday morning, according to Bloomberg News.

The US Dollar (USD) is retreating a touch on Monday ahead of the US session in a rather calm week ahead,  with many trading desks and markets across the globe closed on Good Friday. Traders will likely continue to speculate on whether

EUR/USD tested 1.0800 at the beginning of the week but managed to find support at that level.

The Mexican Peso capitalized on broad US Dollar weakness on Monday, climbing more than 0.1% in the mid-North American session.

Silver (XAG/USD) price is threatening to reverse its short-term uptrend and move lower within a range it has been yo-yoing within for almost a year – since April 2023.

Oil prices are soaring over 1% at the start of the week after finding some technical support on the pivotal $80.63 level.  Prices could be set to rise further due to both supply and demand factors.