Page 80 - Simple Moving Average News Today

The USD/JPY is back on the rebound for Friday after posting an extreme backslide on Thursday, climbing four-tenths of a percent from the day's opening bids and looking to pare back losses.

The GBP/USD is trying to hold onto 1.2550 heading into the Friday market close after dropping into a new low for the week near the 1.2500 handle after a better-than-expected US Nonfarm Payrolls (NFP) gave the US Dollar (USD) one last bump across the board to round out the trading week.

Following an impressive rally at the beginning of the week, Gold turned south and snapped a three-week winning streak.

The Canadian Dollar (CAD) is up on Friday, gaining ground across the FX board.

Mexican Peso (MXN) rallies against the US Dollar (USD) during the North American session on Friday, although data from the United States (US) showed the labor market is not as soft as suggested by previously released data during the week.

Gold price is holding the previous recovery above $2,020 early Wednesday, as sentiment remains weak and the United States Dollar (USD) takes a breather from a three-day uptrend.

The USD/JPY is seeing thin trading heading into the back half of the trading week, holding near the 147.50 level ahead of Thursday’s US Initial Jobless Claims that will give way to Friday’s Japanese Gross Domestic Product (GDP) and the latest US Nonfarm Payrolls (NFP) report that will cap off the trading week.

Gold price (XAU/USD) trades with a mild positive bias during the Asian session on Thursday, albeit lacks follow-through and remains confined in a narrow range held over the past three days.

The AUD/NZD is down five-tenths of a percent from Monday’s opening bids near 1.0875, and the Aussie (AUD) is positioned to be the biggest currency loser of the week, in the red against every other major currency.

Given the recent upward momentum in Bitcoin (BTC) price, analysts predict it might reach $100,000 by early 2024. That’s about 127% from