Page 28 - Simple Moving Average News Today

The Japanese Yen (JPY) edges lower against its American counterpart during the Asian session on Friday and erodes a part of its recovery gains registered over the past two days, from the YTD low touched earlier this week.

Mullen Automotive (MULN) stock advanced 7.6% on Thursday as the electric vehicle (EV) company transcended the 21-day Simple Moving Average (SMA) for the first time in more than a month.

The GBP/USD pair continues with its struggle to find acceptance or build on the momentum beyond the 1.2600 mark and meets with some supply during the Asian session on Friday.

Gold price is treading water just above $2,000, consolidating its rebound from two-month lows of $1,984 set on Wednesday.

The US Dollar (USD) is set to close off the week in the green with market digesting both the Producer Price Index (PPI) performance and the University of Michigan print. The PPI print was a beat on estimates on all fronts and even beat the

The Pound Sterling (GBP) continued to remain in the back seat against the US Dollar (USD), as GBP/USD extended its bearish momentum into the fifth week in a row.

The Canadian Dollar (CAD) broadly stuck to the middle ground on Friday, finding little room in either direction against the majority of its major currency peers heading into the week’s closing bell.

Gold price (XAU/USD) extends its sideways consolidative price move during the Asian session on Thursday and is currently placed just above a two-month low touched the previous day.

Sui (SUI) price recorded its all-time high of $2.00 on May 3, 2023, and has been trying to reclaim it since.

Gold price is building on Wednesday’s rebound from two-month lows of $1,984 early Thursday, as the US Dollar (USD) resumes correction alongside the US Treasury bond yields.