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GBP/USD steady despite plunge in retail sales – MarketPulse
The British pound continues to have a quiet week in which it has stayed close to the 1.27 line. GBP/USD is trading at 1.2715, up 0.13% at the time of writing in the European session. UK retail sales tumbles 2.3% UK retail spending slumped in April with a 2.3% m/m decline. This followed a revised…
EUR/USD Price Below 1.16 as Traders Await Jackson Hole – Forex Crunch
The EUR/USD outlook remains subdued under 1.1600 on Friday. Fading bets on Fed’s aggressive easing continue to support dollar. Market participants await Powell’s speech at the Jackson Hole Symposium. The EUR/USD outlook remains subdued as the price is headed downwards today during the European session, trading under the key level of 1.1600. The pair is…
Can Platinum catch up to Gold? Platinum (XPT/USD) Price Forecast
Not the most commonly traded precious metal, Platinum is starting to gather significant attention from market participants as it begins to outpace its peers. Even more scarce than gold, platinum boasts crucial industrial utility, particularly in the automotive industry for catalytic converters, as well as in the industrial, medical, and electronics sectors. Compared to the…
Stifel upgrades rating to ‘buy’ on bike business recovery view By Investing.com – Forex Trader Hub
Investing.com– Stifel has upgraded shares of Fox Factory Holding Corp (NASDAQ:) to a “Buy” rating as it sees the current valuation as an attractive entry point, citing a favorable risk reward balance. There is potential for sentiment to improve in 2025, driven by recovery in FOXF’s high-margin bike business, Stifel analysts said in a note….
