Page 51 - Simple Moving Average News Today

The Mexican Peso (MXN) is virtually unchanged against the US Dollar (USD) after a tranche of mixed economic data from the United States (US) and traders paring rate cut bets on the Federal Reserve (Fed), which is keeping the Greenback (USD) bid across the board.

Taiwan Semiconductor (TSM), the global leader in computer chip fabrication, has set its entire sector abuzz on Thursday.

Gold price is licking its wounds at around $2,025 in Wednesday’s Asian trading, having incurred heavy losses on Tuesday, courtesy of the unabated demand for the US Dollar (USD) amid a further escalation in the Middle East geopolitical tensions and easing bets for aggressive US Federal Reserve (Fed) rate cuts this year.

The EUR/USD pair remains under some selling pressure for the second straight day on Wednesday and drops to its lowest level since December 13, closer to mid-1.0800s, or the 200-day Simple Moving Average (SMA) during the early European session.

With increased bets for an interest cut by the Bank of England (BoE) as early as April, the all-important Consumer Price Index (CPI) data from the United Kingdom (UK) will be closely scrutinized for gauging the timing of the BoE policy pivot and its impact on the Pound Sterling.

GBP/JPY briefly ticked into a new multi-week high above the 186.00 handle on Tuesday as the Japanese Yen (JPY) saw broad-market declines and the Pound Sterling (GBP) caught a brief ride up the charts after UK labor figures showed more jobs added in December than the previous month.

The Japanese Yen (JPY) extends its weakening trend for the third straight day on Wednesday and drops to its lowest level since December 6 against its American counterpart during the Asian session.

Bitcoin did not move much but clutched near the $42,800 mark, whereas Ethereum was comfortable above $2,550 levels amid the jittered sentiment for the digital token market.

The Mexican Peso extends its losses to three consecutive days against the US Dollar as risk aversion weighs on risk-perceived currencies like the Peso, which tested stir resistance at the 200-day Simple Moving Average (SMA) near 17.37.

The Canadian Dollar (CAD) found some gains against most of its major currency peers, but saw further declines against the US Dollar (USD) on Wednesday after US Retail Sales ran hotter than markets anticipated.