Page 70 - Simple Moving Average News Today

West Texas Intermediate (WTI) is struggling to develop topside momentum even as Crude Oil supply lines see a slight constraint after several firms have temporarily suspended sending Crude oil shipments through the Red Sea shipping lane after several vessels were attacked by Houthi rebels in Yemen.

The Japanese Yen (JPY) weakened across the board on Tuesday after the Bank of Japan (BoJ) decided to maintain the status quo and stick to its ultra-loose monetary policy settings.

Gold price is catching a breather near $2,040 early Wednesday, having tested multi-day highs at $2,048 on Tuesday.

The crypto market seems to have been range-bound with a downward bias in the last 24 hours. BTC underwent slight selling pressure after it crossed the $43k mark.

EUR/USD rose sharply but lost its bullish momentum after coming within a touching distance of 1.1000.

Silver (XAG/USD) struggled to capitalize on the overnight positive move and oscillates in a narrow trading band, just above the $24.00 mark through the early European session on Wednesday.

Gold price (XAU/USD) struggles to capitalize on its weekly gains registered over the past two days and ticks lower during the Asian session on Wednesday.

The US Dollar (USD) trades sideways on Wednesday, a mixed trading day on the quote board. Markets are ignoring the geopolitical risk and inflationary pressures that might come on the back of the rerouting of vessels forced by recent attacks in the

The GBP/USD is capped below 1.2680 after a below-expectations print of UK Consumer Price Index (CPI) inflation sent the Pound Sterling (GBP) lower against the US Dollar (USD), dragging the pair down through the 1.2270 handle and pinging 1.2630.

The Mexican Peso (MXN) is holding in place, pinned into recent highs against the US Dollar (USD) as broad-market selling pressure keeps the Greenback in place and gives the Peso a chance to cover more ground even as a dovish Banco de Mexico (Banxico) weighs the potential for rate cuts as soon as 2024’s first quarter.