Page 49 - Simple Moving Average News Today

The retracement in the crypto market continues today with a decline of almost 2%, dropping the total market cap to $1.72 trillion.

The EUR/USD fell after facing a rejection from the 1.0900 handle on Thursday, declining to a near-term low of 1.0850 before recovering to the 1.0880 region as markets gear up for the Friday market session.

The GBP/USD pair ticks higher for the third successive day on Friday and looks to build on this week's goodish bounce from sub-1.2600 levels, or its lowest level since December 13.

Gold price (XAU/USD) oscillates in a narrow trading range during the Asian session on Friday and remains well within the striking distance of over a one-month trough, around the $2,000 psychological mark touched earlier this week.

The Japanese Yen (JPY) oscillates in a narrow trading band against its American counterpart during the Asian session on Friday and reacts little to domestic consumer inflation figures, which eased as expected in December.

The GBP/USD pair ticks higher for the third successive day on Friday and looks to build on this week's goodish bounce from sub-1.2600 levels, or its lowest level since December 13.

Gold price is looking to extend the previous rebound while trading above $2,020 early Friday, benefiting from intensifying geopolitical tensions in the Middle East and a broadly weaker US Dollar.

Bitcoin’s hash rate has dropped this week due to freezing temperatures in Texas. Meanwhile, the crypto market remains essentially unchanged.

The EUR/USD pair oscillates in a narrow range through the early European session on Friday and remains within the striking distance of over a one-month trough touched on Wednesday.

The Pound Sterling (GBP) gave in to the resurgent US Dollar (USD) this week, motivating GBP/USD sellers to fight back control, as the tempered rate cut outlook from the US Federal Reserve (Fed) bolstered the sentiment around the US Dollar.