Page 37 - Simple Moving Average News Today

Gold price (XAU/USD) oscillates in a narrow trading band during the Asian session on Friday and consolidates its weekly gains to a one-month peak touched the previous day.

The US Dollar (USD) is giving traders a run for their money with a brutal reversal in the US Jobs Report aftermath. The staggering print 353,000 was out of its league and contradicts with the more than double increase in US job cuts that was seen

After touching its lowest level since December 13 at 1.0780 in the European session on Thursday, EUR/USD reversed its direction in the second half of the day and closed in positive territory.

The Pound Sterling (GBP) traded firmly against the US Dollar (USD) following a two-week sluggish momentum.

The Canadian Dollar (CAD) is broadly higher for Friday, gaining ground against nearly every major currency peer across the FX market, but the US Dollar (USD) has taken the top spot for the day after US Nonfarm Payrolls (NFP) surged to their highest figure in a year.

European equity markets mixed on Friday with thin gains for most indexes while London’s FTSE index shed barely a tenth of a percent.

US equity indexes declined across the board on Wednesday, faltering after market hopes for a faster pace of rate cuts from the Federal Reserve (Fed) discovered just how far ahead of policymakers they’ve run.

Another week, another all-time record for the S&P 500 index here in late January.

The AUD/JPY cross remains under some selling pressure for the third straight day on Thursday and drops to a nearly one-month low, during the Asian session.

Gold price (XAU/USD) attracts some buying for the fourth straight day on Thursday and moves back closer to over a two-week high, around the $2,056 area touched the previous day.