Page 53 - Simple Moving Average News Today

The Mexican Peso (MXN) made a U-turn after posting solid gains versus the US Dollar (USD) on Friday, weakening amid thin liquidity conditions in the observance of Martin Luther King (MLK) day in the United States (US).

The GBP/USD fell back once more on Monday, testing 1.2715 after a short-lived rally at the Modnay open reversed course.

The US Dollar (USD) is enjoying slight gains with the DXY Index trading at 102.60, while US traders celebrate Martin Luther King Jr.’s holiday.

Gold price builds on last week’s recovery early Monday on cautious optimism.

The Canadian Dollar (CAD) is mixed against its major currency peers on Monday but shed weight against the US Dollar (USD) with market volumes thinned out by a US market holiday.

European shares broadly declined and major equity indexes shed weight to kick off the new trading week, walking back Friday’s gains.

The US Dollar (USD) is still stuck in a range while markets are puzzling to see where to go next. Several moving parts are in the mix with US economic data starting to show a very mixed picture with several data points in contraction while the

West Texas Intermediate (WTI) US Crude Oil saw weakness in early Monday trading, falling to a near-term low of $71.40 before rebounding to $72.50 following a fresh rocket attack on a civilian cargo ship by Iran-backed Houthi rebels in Yemen.

The Euro (EUR) is in the green against its major currency pairs, taking top spot as one of the best-performing currencies in Monday trading.

This week, investors will be focusing on the quarterly results of some major banking and Finance sector companies. Besides the Balance of trade, WPI, and passenger vehicle sales data will also be released