Page 33 - Simple Moving Average News Today

Gold price (XAU/USD) extends its sideways consolidative price move during the Asian session on Thursday as traders remain uncertain about the timing and the likely pace of interest rate cuts by the Federal Reserve (Fed) this year.

The EUR/USD pair builds on this week's recovery move from the 1.0720-1.0725 region, or its lowest level in almost three months and gains positive traction for the third successive day on Thursday.

The Japanese Yen (JPY) struggles to gain any meaningful traction during the Asian session on Thursday and remains below the weekly top touched against its American counterpart the previous day.

Crypto Price: Experts recommendations and opinions are their own. Cryptocurrency market is trading higher with Bitcoin leading. Altcoins may see upside with decreased Bitcoin dominance. Bitcoin breaches resistance and aims for higher levels. Technical analysis shows Buy signals for Bitcoin.

EUR/USD registered small gains on Wednesday and continued to push higher toward 1.0800 early Thursday.

The Canadian Dollar (CAD) has stepped broadly higher against the majority of its major currency peers on Thursday, though the CAD is battling a recovering US Dollar (USD) as the two currencies are on pace to settle the day as the top performers.

EUR/USD tested into a near-term low of 1.0741 on Thursday as the latest Economic Bulletin from the European Central Bank (ECB) provided little new information for investors looking for guidance on when to expect rate cuts.

Cardano (ADA) price continues to consolidate below a descending trendline, a bearish technical formation that extended the choppy altcoin market.

Bitcoin (BTC) price has inspired optimism among traders after breaking consolidation within a daily supply zone.

EUR/USD cycled Tuesday’s opening bids in a tight pattern as investors await further indications of when central banks will begin making rate cuts with broader markets hinging their focus on interest rate activity.