Page 40 - Simple Moving Average News Today

EUR/USD saw a hard rally in early Wednesday trading, rising three-quarters of a percent bottom-to-top after misses in German Consumer Price Index (CPI) inflation figures missed the mark, with markets pivoting back into a cautious stance ahead of the Federal Reserve’s (Fed) rate call and following press conference.

The Canadian Dollar (CAD) edged higher on Wednesday after Canadian Gross Domestic Product (GDP) figures beat expectations to post growth for the first time since May.

European equities saw some weakness on Wednesday with Germany’s DAX index declining four-tenths of a percent after German Consumer Price Index (CPI) inflation missed forecasts, and rising costs associated with developing AI-based hardware and software products irks investors who aren’t seeing as much gain in revenues as hoped for on the back of rising demand for AI-powered products.

West Texas Intermediate (WTI) US Crude Oil prices tick higher during the Asian session on Tuesday and for now, seem to have stalled the previous day's rejection slide from the 100-day Simple Moving Average (SMA) or a nearly two-month peak.

Cardano (ADA) price is confronting a formidable barrier as it attempts a recovery rally.

Gold price is treading water near $2,030 early Tuesday, consolidating the previous rebound to a four-day high of $2,038.

The Japanese Yen (JPY) gains positive traction against its American counterpart for the second straight day on Tuesday, dragging the USD/JPY pair to the 147.25 region during the Asian session.

The Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday by the US Bureau of Labor Statistics (BLS).

Gold price (XAU/USD) fails to capitalize on the previous day's strength beyond the 50-day Simple Moving Average (SMA) and oscillates in a narrow trading band during the Asian session on Tuesday.

EUR/USD started the week on the back foot and touched its lowest level since mid-December below 1.0800 in the early American session on Monday.