Page 54 - Simple Moving Average News Today

Polygon (MATIC) price is trading with a bearish bias, drenched just like the rest of the market as cryptocurrencies bleed.

US equity indexes twisted on Thursday after US Consumer Price Index (CPI) inflation came in broadly above market expectations, sending equities lower and safe havens climbing in the early US trading session.

The Japanese Yen (JPY) strengthens for the second straight day against its American counterpart on Friday and recovers further from a one-month low touched in the aftermath of hotter US consumer inflation figures.

The AUD/JPY cross attracts some dip-buying near the 100-hour Simple Moving Average (SMA), around the 97.00 mark, and climbs to a fresh daily peak following the release of Chinese inflation figures.

Gold price (XAU/USD) attracts some buyers for the second successive day on Friday and builds on the overnight bounce from a one-month low, around the $2,013 region, representing the 50-day Simple Moving Average (SMA).

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Gold price is building on the previous upswing above $2,030 early Friday, as strong support near $2,015 continues to hold the fort.

The Pound Sterling (GBP) regained the upper hand against the US Dollar (USD) following a muted close to the first week of the new trading year.

The GBP/JPY backslid on Friday, slipping back from the week’s peak bids near 186.17 as the Pound Sterling (GBP) broadly softens and markets bid up the Japanese Yen (JPY).

The Mexican Peso (MXN) climbed during the North American session against the US Dollar (USD) due to investors increasing bets that the US Federal Reserve (Fed) would aggressively ease policy, pricing in more than 170 basis points of cuts.