Page 59 - Simple Moving Average News Today

European equity indexes declined on Tuesday, paring back some losses at the midpoint of the day’s trading sessions but still ending the day broadly lower as market sentiment coils with investors awaiting meaningful data.

Mullen Automotive (MULN) stock clocked in with its best performance of the year so far with a 9.8% gain on Tuesday.

The EUR/USD settled lower on Tuesday, slipping back into familiar near-term lows as broader markets step back from the Euro (EUR) and bidding the US Dollar (USD) up 0.2%.

US major equity indexes closed mostly lower on Tuesday with tech stocks leading the charge down the charts, though the NASDAQ composite index managed to squeeze out a minor gain while the rest of the indexes declined heading into a hefty midweek reporting window.

The Japanese Yen (JPY) ticks higher against its American counterpart on the first day of a new week, though remains well within the striking distance of over a three-week low touched on Friday.

EUR/USD managed to erase its daily losses after dipping below 1.0900 on Friday but closed the first week of 2024 in negative territory.

Gold price (XAU/USD) staged a goodish intraday recovery of around $40 from over a two-week low touched in the aftermath of the better-than-expected monthly employment details on Friday, albeit lacked any follow-through.

Gold price (XAU/USD) comes under some renewed selling pressure on the first day of a new week and drifts back closer to over a two-week low touched in the aftermath of the better-than-expected US monthly jobs data on Friday.

The US Dollar (USD) trades a bit softer this Monday after the start of the US trading session. Main driver for the step back is the Risk On mode that is being switched on with the US opening bell. Mainly the Nasdaq is leading the charge, up over 1%

Silver (XAG/USD) extends Friday's retracement slide from the mid-$23.00s and continues losing ground through the early part of the European session on the first day of a new week.