Page 52 - Simple Moving Average News Today

Lagging growth from China, steadily increasing global Crude Oil production, and a rising US Dollar (USD) saw West Texas Intermediate (WTI) US Crude Oil fall into a fresh low for the week near $70.60.

The Euro (EUR) saw some gains on Wednesday, but still found room to the downside against the US Dollar (USD) as hotter-than-expected US Retail Sales triggered safety flows back into the US Dollar.

The NZD/USD skidded back into near-term lows on Monday, falling through the 0.6200 handle as the Kiwi (NZD) sold off against the US Dollar (USD) in a broad-market Greenback bid as markets rebalanced with US markets shuttered in observance of Martin Luther King Day.

Canada is set to release important inflation-related data on Tuesday.

The Mexican Peso posts back-to-back days with losses and plummets sharply against the US Dollar (USD), which benefits from risk aversion, and traders pricing in a less dovish Federal Reserve (Fed), according to Chicago Board of Trade (CBOT) data.

West Texas Intermediate (WTI) US Crude Oil roiled on Tuesday, trading into consolidation just above $72.00 per barrel as geopolitical concerns surrounding ongoing Houthi attacks on civilian cargo ships in the Red Sea continues to prop up barrel bids in fearful, uneven market action.

A golden cross signifies increasing bullish momentum with the potential to start a new bullish trend.

The US Dollar (USD) started the trading session by surging to the 103.40 mark, quickly being pulled back by the resistance of the 100-day SMA.

The Canadian Dollar (CAD) climbed against most of its currency trading peers on Tuesday, but fell back against the US Dollar (USD), which took top spot as the best-performing major currency.

The Euro (EUR) mixed on Tuesday, holding mostly steady against its peers but seeing steep declines against the US Dollar (USD).