GBP/USD reaches its highest since early September, trades around 1.2630

Share: GBP/USD maintains its upward trajectory on a hawkish BoE tone. BoE Governor Andrew Bailey mentioned the challenge of bringing inflation back to the 2% target. US New Home Sales dropped by 5.6% at 679K against the market consensus of 725K in October. GBP/USD reached its highest level since early September, touching the

PLTR reaches new two-year high at $20.45

Share: Palantir stock trades up to highest price in two years. Stock market indices started Friday on the backfoot. Peter Thiel’s venture capital fund sold $48 million worth of PLTR in Q3. Analyst Dan Ives says tech stocks are at the beginning of a new rally heading into 2024.   Palantir (PLTR) stock

Gold continues winning streak as investors see Fed reaches endgame

Share: Gold price rises for the straight third trading session due to easing US inflation. The US headline CPI rose at 3.2%, its slowest pace for two years. Investors await US Retail Sales, PPI, and the outcome of the Biden-Xi meeting. Gold price (XAU/USD) extends rally as easing price pressures in the US

Euro reaches six-month high against pound amid UK economic woes By Investing.com

© Reuters. The Euro has ascended to a six-month peak against the Pound Sterling, capping off a week with consistent gains as the pair approached 0.8750. This rise comes despite mixed economic data from both the European Union and the United Kingdom, where the UK’s figures have notably underperformed even when exceeding forecasts. At the

AUD/USD reaches two-week high on Chinese stimulus and upbeat data By Investing.com

The currency pair has been climbing for the second consecutive day, reaching a nearly two-week high during Friday’s Asian trading session. The pair’s increase is largely attributed to optimism over additional stimulus from China and positive Chinese economic data. China’s National Bureau of Statistics (NBS) reported that the country’s August retail sales grew by 4.6%

Bulls moved in, reaches two-day high as a bullish-engulfing pattern looms

Share: Bullish-engulfing candlestick pattern on the daily chart suggests buyers are in control. The first major resistance at 1.3600, followed by several key levels up to 1.3804. Downside risks include a drop below 1.3489, potentially targeting the 200-DMA at 1.3462 and the 50-DMA at 1.3345. The Canadian Dollar (CAD) losses ground against the