Page 79 - Simple Moving Average News Today

The US Dollar (USD) has been navigating turbulent waters, trading at 103.30, with significant losses registered below the 20-day Simple Moving Average (SMA).

Gold set new all-time highs this week at $2,144.48 in a hard bid rally early Monday, and the XAU/USD has spent the rest of the week in thin trading after paring away Monday’s opening gains.

The USD/JPY plunged over 4% on Thursday, briefly declining below 142.00 before broader markets staged a moderate rebound, pulling the Japanese Yen (JPY) back into reasonable gain territory.

The Japanese Yen (JPY) rallied over 3.5% intraday, to its strongest level in four months against the US Dollar (USD) after Bank of Japan (BoJ) Governor Kazuo Ueda spoke about options when considering a move away from negative interest rates on Thursday.

Gold price is extending its range-play into the fourth straight trading day early Friday, as investors prefer to stay on the sidelines before the release of the all-important Nonfarm Payrolls data later in the day.

The AUD/USD rebounded from the 20-day Simple Moving Average (SMA) and two-week lows at 0.6525, reaching levels above 0.6600.

The AUD/USD pair ticks higher during the Asian session on Friday, albeit lacks any follow-through and struggles to make it through the 200-hour Simple Moving Average (SMA).

The high-impact Nonfarm Payrolls (NFP) data from the United States (US) will be published by the Bureau of Labor Statistics (BLS) on Friday at 13:30 GMT.

Gold price (XAU/USD) continues with its struggle to gain any meaningful traction and oscillates in a multi-day-old band during the Asian session on Friday.

EUR/USD benefited from broad-based US Dollar (USD) weakness on Thursday and registered daily gains for the first time since November 28.