Page 23 - Simple Moving Average News Today

Gold price (XAU/USD) edges higher during the Asian session on Thursday, albeit remains below the 50-day Simple Moving Average (SMA) pivotal resistance, around the $2,032 area, or over a one-week high touched the previous day.

​The cryptocurrency markets were trading marginally higher in Thursdays trade, led by Bitcoin, Ethereum, and BNB. The global cryptocurrency market cap surged 0.47% to around $1.97 trillion in the last 24 hours.

Gold price has resumed its bullish momentum near $2,030 early Thursday, having paused its recovery rally on Wednesday.

EUR/USD extended its recent uptrend after closing in positive territory on Wednesday and touched its highest level since early February above 1.0850 on Thursday.

Silver (XAG/USD) builds on the overnight bounce from the 200-hour Simple Moving Average (SMA) support near the $22.75 area, or the weekly low and gains strong positive traction on Thursday.

The US Dollar (USD) is returning back to flat after a dropkick moment on Thursday after a string of events accelerated a downside move in the US Dollar Index (DXY) overnight. The first decline came on the back of the US Federal Reserve

The Mexican Peso trips down and falls against the US Dollar in early trading during the North American session on Thursday.

The US Dollar Index (DXY) saw a slight upswing to 104.10 in Thursday’s session following the release of mixed economic activity data and positive labor market figures.

USD/CAD drifted into the low end early Thursday as markets geared up for the day’s US Purchasing Managers Index (PMI) print.

Gold price prints modest losses on Thursday after economic data from the United States portrays the US economy as solid based on strong employment figures.