Page 72 - Simple Moving Average News Today

Natural Gas (XNG/USD) is completely reversing on Tuesday, giving up earlier gains from Monday. The full paring back of those gains comes as both shipping companies and several main governments have taken measures to detour or defuse

The EUR/USD is drifting towards the 1.1000 major handle once more after failing to capture the key technical level last week.

The Canadian Dollar (CAD) is catching a limited bid on Tuesday following a better-than-expected Canadian Consumer Price Index (CPI) inflation print, dragging the CAD into the green against the US Dollar (USD), but limited data impact sees the CAD still down against the majority of major currency peers for the day.

USD/JPY saw a hard rally early Tuesday after the Bank of Japan (BoJ) cut the knees out from underneath soaring market expectations of an unexpected hawkish pivot sparked by recent comments from BoJ Governor Kazuo Ueda, who noted that the BoJ's current monetary policy framework could see some tightening at some point in the future if the macro data favors it.

During Wednesday's Asian session, Japan will release trade data.

On Tuesday, the EUR/GBP was sighted trading at 0.8630, enduring minor losses after bottoming at a daily low of 0.8600.

Following last week’s hawkish hold by the Bank of England (BoE), the high-impact Consumer Price Index (CPI) data from the United Kingdom on Wednesday will hold the key for the next directional move in the Pound Sterling.

The Japanese Yen (JPY) remains on the defensive against its American counterpart for the second straight day on Monday and retreats further from its highest level since late July touched last week.

Gold price is holding its calm near $2,020 in the Asian session on Monday, following a sharp pullback that ended a volatile week on Friday.

EUR/USD closed in negative territory on Friday but still gained more than 1% in the previous week.