Page 31 - Simple Moving Average News Today

The USD/CHF tipped into a fresh eight-week high above 0.8700 after a hot US Consumer Price Index (CPI) print sent markets piling back into the safe haven US Dollar (USD), while the Swiss Franc (CHF) got pummeled after Swiss CPI inflation came in below expectations.

The Canadian Dollar (CAD) tumbled against the US Dollar (USD) on Tuesday after US Consumer Price Index (CPI) inflation ticked higher on a monthly basis, sending the Greenback surging across the major currency board.

The Mexican Peso plunged against the US Dollar during Tuesday’s North American session following a red-hot inflation report from the United States.

EUR/USD tumbled 0.9% on Tuesday after US Consumer Price Index (CPI) inflation came in above market expectations.

GBP/JPY briefly tested the 190.00 major price handle on Tuesday as the Pound Sterling (GBP) rose across the broader FX market, bolstered by a better-than-expected Unemployment Rate print and easing wage growth figures helping to quell inflation fears.

Render (RNDR) price is trading with a bullish bias, having sustained above an ascending trendline since breaking consolidation around late September.

Over 1000 companies would be announcing their Q3 FY24 results in the coming week, thus ending the earnings season. Among the major ones announcing results are Mahindra & Mahindra, Eicher Motors, Hindustan Aeronautics, Mazagaon Dock Shipbuilders, and Phoenix Mills

ThorChain (RUNE) price is trading with a bullish bias, completing a full swing v-shaped recovery after the steep dip in the first four days of February.

Altcoins such as BNB, Solana, and Cardano surged 2-5%. XRP, Avalanche, Dogecoin, Polkadot, and Polygon rose up to 2%, while Tron and Chainlink declined up to 3%.

The Japanese Yen (JPY) is seen oscillating in a narrow range against its American counterpart during the Asian session on Friday and consolidating the previous day's heavy losses to a fresh YTD low.