Page 57 - Simple Moving Average News Today

The Japanese Yen (JPY) drifts lower for the second successive day against its American counterpart and lifts the USD/JPY pair to the 144.80 region, closer to the weekly top during the Asian session on Wednesday.

In Wednesdays trade, the global cryptocurrency market cap fell 0.9% to around $1.71 trillion in the last 24 hours.The total volume in DeFi is currently $7 billion, 8.31% of the total crypto market 24-hour volume.

Gold price is replicating the recovery move seen in Tuesday’s Asian trading early Wednesday, as broad risk-aversion underpins the traditional safe-haven.

EUR/USD edged lower on Tuesday as the risk-averse market atmosphere helped the US Dollar (USD) gather strength against its rivals.

Gold price (XAU/USD) met with some supply following an uptick to the $2,040 area on Tuesday and finally settled with only modest gains on Tuesday.

Silver (XAG/USD) drifts lower for the third successive day on Wednesday and drops to a fresh weekly low, around the $22.80 region during the early European session.

West Texas Intermediate (WTI) US Crude Oil slipped from a fresh daily high after the Energy Information Administration (EIA) released their updated US Crude Oil stocks numbers, revealing another buildup of Crude Oil barrels, as well as burgeoning numbers of oil derivative products in supply lines.

The US Dollar (USD) trades in a tight range with markets fretting over the upcoming US inflation numbers. Traders will want to stay out of the market ahead of the main event on Thursday when the US inflation will be printed in the form of the

The Canadian Dollar (CAD) is stuck within a tight intraday range on Wednesday as broader markets pivot to focus on Thursday’s upcoming US Consumer Price Index (CPI) inflation print for December.

The Mexican Peso (MXN) extended its losses for two straight days against the US Dollar (USD) during the North American session as USD/MXN buyers stepped in and lifted the exchange rate past 17.00 to reach a daily high of 17.02.