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

[ad_1] 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

XAU/USD trades near $2,010 after retreating from a six-month high

[ad_1] Share: Gold price gains ground for the third session on subdued US Dollar. Yellow metal may receive support on the positive sentiment as PBoC boosts financial support for private firms. Fed officials favor further tightening and emphasize that decisions will be contingent on incoming data. Gold price trims some of its intraday

Bitcoin trades to the highest level since May 2022

[ad_1] The price of bitcoin has extended to the highest level since May 2022. The high price has reached $38408 Bitcoin moves above and away from the 38.2% retracement Looking at the daily chart above, the price of the digital currency moved above the 38.2% of the move down from the 2021 high at $69000

GBP/USD trades in positive territory on the weaker USD

[ad_1] Share: GBP/USD Price Analysis: Gains traction below 1.2500, investors await BoE’s Bailey speech The GBP/USD pair holds positive ground around 1.2485 during the early European session on Monday. The recovery of the pair is bolstered by the softer US Dollar (USD) and lower US Treasury bond yields. Investors will take more cues

Dollar posts steep weekly fall, trades below 150 yen By Reuters

[ad_1] © Reuters. FILE PHOTO: Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration By Herbert Lash and Iain Withers NEW YORK/LONDON (Reuters) – The dollar posted its second-steepest weekly decline versus other major currencies this year on Friday, while the yen strengthened sharply, and the dollar