Page 74 - Simple Moving Average News Today

In the last full week of 2023, volume will likely start to fade ahead of the holidays.

The EUR/USD saw a hard rebound on Wednesday, coming within inches of reclaiming the 1.0900 handle after the Federal Reserve (Fed) pivoted into a path towards rate cuts after months of towing the “higher for longer” line.

Gold price is consolidating its latest uptick to a six-day high near $1,940, as investors reassess the bets of the US Federal Reserve (Fed) interest rate cuts next year.

Gold price (XAU/USD) builds on the previous day's solid recovery from the vicinity of the 50-day Simple Moving Average (SMA), around the $1,973 area, or over a three-week low and gains positive traction for the second successive day on Thursday.

In the finale of 2023, the Bank of England (BoE) is expected to keep its key interest rate unchanged for a third consecutive meeting on Thursday.

The Japanese Yen (JPY) hit a fresh weekly high against the US Dollar (USD) during the Asian session on Thursday in reaction to a report that the Bank of Japan (BoJ) may exit its negative rate policy sooner than anticipated, between January and March.

The GBP/JPY cross remains under heavy selling pressure for the third successive day on Thursday and dives to its lowest level since early October during the Asian session.

Natural Gas (XNG/USD) is continuing its decline despite its brief bounce on the back of the dovish US Federal Reserve (Fed) rate decision. Markets cheered the Fed’s signal of upcoming rate cuts for 2024, and OPEC also helped lift

The US Dollar (USD) enters a second day with a very harsh correction that started Wednesday during the speech from US Federal Reserve (Fed) Chairman Jerome Powell. Markets disregarded all the remarks on the possibility

The Mexican Peso (MXN) depreciates against the US Dollar (USD), losing some ground gained on Wednesday after the US Federal Reserve (Fed) decided to end its tightening cycle, hinting it’s ready to cut rates in 2024.