Page 16 - Simple Moving Average News Today

The US Dollar (USD) is trading broadly flat on Tuesday, though the quote board reveals very much a red picture when comparing the Greenbacks performance against its individual peers.

Oil prices are turning red after the release of the monthly OPEC report. Biggest catalyst in the report that pushes Crude prices in the red this Tuesday comes from Iraq. The country produced substantially more barrels than the agreed quota amongst

The Canadian Dollar (CAD) was mixed on Tuesday, either holding flat or grabbing slim gains against some of its major currency peers, all while shedding points against the US Dollar (USD).

EUR/CHF has rebounded from the 0.9254 December 2023 lows and rallied up to resistance from a key barrier in the form of the 50-week Simple Moving Average (SMA).

GBP/USD has been rallying higher but it has stalled at the start of the new week after touching resistance at the 200-week Simple Moving Average (SMA).

In Tuesday's trading session, EUR/JPY is trading roughly around 161.27, with a daily gain of 0.44%.

West Texas Intermediate (WTI) US Crude Oil has settled into a rough range on Tuesday, failing to capture $78.40 per barrel before falling into $77.20 as barrel traders struggle to pick a direction heading into the midweek.

The Japanese Yen (JPY) rallied to the highest level since early February against its American counterpart on Friday amid bets for an imminent shift in the Bank of Japan's (BoJ) policy stance.

EUR/USD touched its highest level since early January above 1.0980 on Friday but reversed its direction later in the American session to close the day with small losses.

Nvidia (NVDA) stock fell more than 5% on Friday after the US Nonfarm Payrolls (NFP) data for February roiled the market.