Page 71 - Simple Moving Average News Today

The EUR/USD drifted lower on Wednesday, falling back into 1.0930 late in the day after slipping from the day’s opening bids near 1.0980 with the pair capped just beneath the 1.1000 handle.

It will be a quiet Asian session in terms of economic data.

The USD/CAD is getting pushed lower as broader markets see a healthy risk bid that is forcing down the US Dollar (USD) and a bump in Crude Oil bids is propping up the Canadian Dollar (CAD) while the Bank of Canada (BoC) sees lower odds of inflation risks making a reappearance.

The AUD/USD reached its peak on Wednesday at 0.6778, marking the highest intraday level in almost five months, before experiencing a modest pullback.

Canada will release inflation-related data on Tuesday, December 19.

Silver (XAG/USD) regains some positive traction on Tuesday and sticks to its modest intraday gains through the early part of the European session.

Gold price is clinging to previous gains above $2,020 in the Asian trading hours on Tuesday, as risk sentiment remains in a weaker spot amid lingering Middle East geopolitical tensions and ahead of key inflation data from the United States (US) later this week.

Bitcoin (BTC) price has shown weakness over the past few days, in what has been presented as a cool-off following weeks of being overbought.

Gold price (XAU/USD) fails to capitalize on the previous day's modest uptick and oscillates in a narrow range during the Asian session on Tuesday.

EUR/USD failed to make a decisive move in either direction to begin the week and closed virtually unchanged on Monday.