Page 56 - Simple Moving Average News Today

Gold price (XAU/USD) attracts fresh buyers during the Asian session on Thursday and stalls the previous day's retracement slide from the $2,040-2,042 supply zone.

Following a quiet European session, EUR/USD gathered bullish momentum in the second half of the day and closed in positive territory above 1.0950 on Wednesday.

Gold price is attempting a bounce in Asian trading early Thursday, having found fresh demand again near the $2,020 region.

European equity indexes broadly tumbled into the close on Thursday as stock traders pulled back from a dovish-sounding European Central Bank (ECB) and US inflation threatening to tilt hotter once more, pushing out the likelihood of the Federal Reserve (Fed) getting bullied into a rate cut cycle sooner rather than later.

The Canadian Dollar (CAD) is mostly lower on Thursday as broader markets pivot into safe haven currencies after US inflation from the Consumer Price Index (CPI) ticked broadly higher than markets were expecting, widening the gap between market hopes of a March rate cut and the Federal Reserve’s (Fed) current stance.

The Dow Jones Industrial Average (DJIA) dipped on Thursday after the US Consumer Price Index (CPI) release for December showed headline inflation drifting higher.

The Mexican Peso (MXN) extended its losses for a third consecutive day against the US Dollar (USD) on Thursday following a hotter-than-expected inflation report in the United States.

The Euro (EUR) fell back against the US Dollar (USD) in the US market session after US Consumer Price Index (CPI) inflation figures broadly arrived higher than market forecasts, taking a chunk out of the Euro’s overall positive lean to the day.

The Swiss Franc (CHF) falls marginally against the US Dollar (USD) on Thursday after the release of mostly higher-than-expected US inflation data.

West Texas Intermediate (WTI) US Crude Oil jumped on Thursday after Iran announced the capture of a civilian oil tanker in the Gulf of Oman early in the day.