Page 44 - Simple Moving Average News Today

US equity indexes came in mixed on Wednesday with the Dow Jones Industrial Average (DJIA) shedding almost a hundred points while the NASDAQ 100 saw a boost from another tech sector ramp-up fueled by chipmakers, while the Standard & Poor’s 500 (SP500) major index saw a thin gain into a fourth straight record close.

Crude Oil markets climbed on Wednesday, sending West Texas Intermediate (WTI) into its highest bids in almost six weeks after the Energy Information Administration (EIA) revealed a steeper-than-expected drawdown in US barrel supplies.

EUR/USD rose to a near-term high above 1.0930 on Wednesday after European Purchasing Managers’ Index (PMI) figures surprised to the upside on the manufacturing component, while a broad forecast beat for US PMI data soured market sentiment and sent the EUR/USD lower as investors second-guessed the day’s momentum and pulled back into the safe-haven US Dollar (USD), albeit slightly.

USD/JPY heads into the Thursday market session trading near 147.50 after shedding the 148.00 handle on Wednesday.

The Dow Jones Industrial Average (DJIA) traded lower for its second day in a row on Wednesday despite rallying higher for much of the session.

The Japanese Yen (JPY) recorded strong gains on Wednesday and strengthened to over a one-week high against its American counterpart in the wake of the Bank of Japan's (BoJ) hawkish tilt.

Synthetix (SNX) price action since around mid-December has culminated in a descending parallel channel, committing to more losses for as long as it remained within the confines of this governing chart pattern.

The NZD/USD pair attracts some buyers for the third straight day on Thursday and for now, seems to have stalled the previous day's pullback from the vicinity of mid-0.6100s, or over a one-week high.

Gold price (XAU/USD) ticks higher during the Asian session on Thursday and reverses a part of the previous day's heavy losses to a multi-day low, albeit it lacks bullish conviction.

The Gross Domestic Product (GDP) report for the fourth quarter, to be released by the Bureau of Economic Analysis (BEA) on Thursday, is forecast to show an expansion of the US economy at an annualized rate of 2% following the impressive 4.9% growth recorded in the previous quarter.