Page 60 - Simple Moving Average News Today

The Canadian Dollar (CAD) sees downside pressures across the major currencies board on Monday, getting pushed down the charts by a backsliding Crude Oil market to kick off the second week of 2024.

The AUD/USD continued to backslide on Thursday, slipping back into the 0.6700 handle after a short-lived rally sparked by improving risk sentiment on the back of a better-than-expected print in China’s Caixin Services Purchasing Managers’ Index (PMI) for December.

Silver (XAG/USD) struggles to capitalize on its modest intraday gains to the $23.20 region and retreats to the lower end of its daily range during the early part of the European session.

The NZD/USD kicked into an early intraday peak of 0.6286 in the first half of Thursday’s trading, propped up by Chinese Services Purchasing Managers’ Index (PMI) figures beating expectations, but a surge in US labor and jobless claims sees investors pulling back to familiar midranges ahead of Friday’s US Nonfarm Payrolls (NFP labor print.

The GBP/USD climbed into a new high for the year at 1.2771 after markets broadly went risk-on after the US Nonfarm Payroll (NFP) data release surged above median forecasts, adding 216K new jobs in December.

The Canadian Dollar (CAD) slumped to a new low for the week against the US Dollar (USD) before surging to a three-day high as markets whipsaw after a bumper US Nonfarm Payrolls (NFP) report crushes market forecasts.

Gold price (XAU/USD) ticks higher during the Asian session on Friday, albeit lacks follow-through as traders keenly await the release of the crucial monthly employment details from the United States (US).

West Texas Intermediate (WTI) US Crude Oil rose again on Friday, tapping 74.27 as Middle East tensions continue to weigh on energy markets.

At 11:58 a.m., bluechip crypto tokens BTC was trading 1.2% higher at $43,660, while Ethereum was up 0.34% at $2,245. Whereas, altcoins, such as Internet Computer and Toncoin, fell 7.4% and 2.7%, respectively.

The Japanese Yen (JPY) trades with a negative bias against its American counterpart for the fourth straight day on Friday, with the USD/JPY pair touching over a two-week high around the 144.85 region during the Asian session.