Page 45 - Simple Moving Average News Today

Gold price (XAU/USD) ekes out small gains on Thursday and reverses a part of the overnight heavy losses to the $2,011 area, or a multi-day low, though the uptick lacks bullish conviction.

Silver trades with a positive bias for the third successive day on Thursday.

The Mexican Peso (MXN) registers minuscule losses against the US Dollar (USD) on Thursday after economic data from the United States (US) witnessed the economy continuing to grow above trend, though below last year’s Q3 4.9% final reading.

The Euro (EUR) fell on Thursday after the European Central Bank (ECB) struck a dovish tone during its latest monetary policy statement, which sent the Euro down against the majority of its major currency peers.

European equities saw moderate gains on Thursday after the European Central Bank’s (ECB) dovish hold on interest rates saw investor risk sentiment improve on increased hopes of rate cuts heading into the middle of 2024.

The USD/JPY hit a familiar hit bid at 148.70 as markets picked up the US Dollar (USD) through Tuesday, keeping the Japanese Yen (JPY) broadly lower on the day.

EUR/USD drifts into a key midrange figure early Wednesday as European and US Purchasing Managers’ Index (PMI) figures loom over the market for the mid-week trading session.

Following the landmark approval of spot Bitcoin exchange-traded funds (ETFs) on January 11, the Ethereum (ETH) community started envisioning a similar investment product of their own.

Indus Tower has consistently been maintaining a bearish trend since 2021. The stock can be seen trading with a series of lower bottom formations on the weekly chart.

Gold price (XAU/USD) meets with a fresh supply during the Asian session on Wednesday and erodes a part of the overnight modest gains back closer to the $2,040-2,042 supply zone.