Page 55 - Simple Moving Average News Today

The US Dollar (USD) is receiving quite the blow from the Producer Price Index (PPI) numbers. The numbers are in contradiction against the Consumer Price Index (CPI) numbers from Thursday where an uptick was noticed in the headline inflation.

The Euro (EUR) is softening on Friday, backsliding against the majority of its major currency peers as dovish talking points from the European Central Bank (ECB) weigh on rate cut hopes.

Gold started the week under modest bearish pressure but managed to erase its losses ahead of the weekend.

Major European equity indexes broadly gained ground on Friday, stepping up ahead of the trading week’s close after UK Gross Domestic Product (GDP) grew more than expected.

Bitcoin (BTC) price action since October has been broadly bullish, consolidating within an ascending price channel.

The Canadian Dollar is a mixed bag in Friday trading, seeing moderate gains against the US Dollar (USD) after a downside print in the US Producer Price Index forced the Greenback lower across the board.

The US Dollar (USD) survives yet another day after pressure was building throughout the week for it do snap the 102 level to the downside in the US Dollar Index (DXY). Bets were placed in favor of further and quicker disinflation numbers, putting

The crypto market shed some gains today after Bitcoin dropped to $45,000. The reason likely causing BTC’s decline was a false post.

The high-impact US Consumer Price Index (CPI) inflation data for December will be published by the Bureau of Labor Statistics (BLS) on Thursday at 13:30 GMT.

The Japanese Yen (JPY) edges higher during the Asian session on Thursday and recovers a part of the previous day's heavy losses back closer to the monthly low against the US Dollar (USD).