Page 27 - Simple Moving Average News Today

Gold price rallied for the fourth straight day during the mid-North American session as traders from the United States (US) got back to their desks and digested the latest economic news.

EUR/USD climbed to a two-week high just shy of 1.0840 on Tuesday after the US Dollar (USD) broadly fell before recovering in the US trading session after American markets returned to the fold following an extended weekend.

Gold price sets off the new week on the front foot, as buyers extend the previous week’s recovery mode into Monday.

After closing the previous week marginally lower, EUR/USD gained traction early Monday and advanced toward 1.0800.

The US Dollar (USD) is digesting some geopolitical news that came out over the weekend and this Monday with tension being pushed back on high alert on Gaza and the Middle East. Israel has released an ultimatum for Hamas to give up the last

EUR/USD drifted back into median prices in thin Monday trading as the pair remains hampered below 1.0800.

Gold price extended its gains for three consecutive days after last week’s economic data from the United States (US) revealed that inflation remains above the US Federal Reserve’s (Fed) target.

The Canadian Dollar (CAD) is stuck in a near-term technical range as the new trading week kicks off with a thin market profile.

The AUD/NZD is caught in a near-term downside drift ahead of Tuesday’s latest showing from the Reserve Bank of Australia (RBA), and the pair is down around seven-tenths of a percent after peaking near the 1.0700 handle last week.

The Mexican Peso seesaws against the US Dollar on Monday as low volume trading is due to the United States observing Presidents’ Day.