Page 34 - Simple Moving Average News Today

The USD/CAD pair extends the previous day's retracement slide from the vicinity of mid-1.3500s, or its highest level in almost two months and remains under some selling pressure for the second straight day on Wednesday.

The Japanese Yen (JPY) ticks higher during the Asian session on Wednesday and is now looking to build on its goodish bounce from the YTD low touched against its American counterpart the previous day.

The crypto market shows slight volatility but is still above the $1.73 trillion valuation today.

Gold price (XAU/USD) ended in the green on Tuesday and snapped a two-day losing streak to over a one-week low, around the $2,015 region touched the previous day.

The EUR/USD pair builds on the previous day's modest bounce from the 1.0720 area, or a near three-month low and gains some positive traction for the second successive day on Wednesday.

EUR/USD saw a thin grind higher on Wednesday before a late break to the downside in the US market session followed by a slim recovery into the day’s mid-range.

The Canadian Dollar (CAD) saw soft gains on Wednesday as markets steadily ate away at last week’s surge in the US Dollar (USD) that sent the Loonie skidding into multi-month lows.

USD/JPY is caught in consolidation near the 148.00 handle in the midweek market session as a thin economic calendar leaves markets to churn on rate cut expectations and the odd appearance from central bank policymakers.

West Texas Intermediate (WTI) US Crude Oil is taking halting steps higher on Wednesday, trying to stake ground above $74.00 per barrel as another buildup in US barrel stocks keeps prices pinned on the low end.

Alibaba (BABA), once the leading light among Chinese stocks owned by foreigners, hit yet another snag on Wednesday.