Month: August 2024

EUR/GBP trades in negative territory near 0.8485 in Friday’s early European session.  The preliminary UK August PMI data was better than expected, pushing back the expectation of a BoE rate cut. Investors expect two more rate cuts from the European Central Bank (ECB) this year.  The EUR/GBP cross extends its decline near 0.8485 during the early European
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Yen is showing broad-based strength in today’s Asian session, particularly against the generally weakening Dollar. This move has also put pressure on the Nikkei, which turned lower as Yen gained momentum. While there’s no clear catalyst for these movements, it appears that Yen’s recent pullback may have run its course. Meanwhile, Dollar continues to extend
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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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Sterling surged broadly today, driven by stronger-than-expected PMI data indicating that the UK economy is on track for reasonably solid growth in the third quarter. This positive economic outlook comes at a time when inflationary pressures are easing, which would typically open the door for further rate cuts by BoE. However, the robust performance of
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Key points Target stock soared 16% on Wednesday amid impressive Q2 financial results. The firm also raised its guidance for the remainder of FY24. We examine how investors should interpret these developments. Target (NYSE: TGT) stock jolted 16% higher on Wednesday morning on the heels of second-quarter 2024 earnings beat and guidance raise. The big-box
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