Gold Price Forecast: Momentum Builds as Gold Surpasses Key Resistance Levels – FX Empire
Follow-through is a key indicator Follow-through from here is the key. A move above today's high could lead to an upside move as it moves back above the trend line and back into gold, further confirming the failure of the bearish flag. The chart above the flag will display a purple parallel line at the […]
Elise Stefanik Builds Robust Support for U.N. Ambassador Confirmation
Senate confirmation of United Nations ambassador candidate Elise Stefanik appears almost certain. Stefanik has quietly resumed “courtesy visits” in recent days with key senators who will vote on her nomination to head the U.S. mission to the United Nations. Positive meetings between Cabinet nominees and senators are essential to the Senate confirmation process. Stefanik also […]
Momentum Builds in Canada to Kick Mexico Out of North America Trade Deal
Ontario Premier Doug Ford on Wednesday joined all other provincial leaders in supporting his push for a bilateral trade deal with the United States under the second Trump administration, rather than a continental deal that also included Mexico. said they are united. “I just finished a call with all the prime ministers and we all […]
Cop29 live: negotiators work around clock as summit builds towards climax | Cop29
Activists attended a conference in Baku this morning to try to pressure negotiators to agree a deal on climate finance. Activists lie next to fake banknotes during a protest over climate finance at COP29 in Baku, Azerbaijan. Photo: Maxim Shemetov/Reuters Activists take part in a climate finance demonstration at COP29 in Baku, Azerbaijan. (AP Photo/Peter […]
Trump builds team, DOGE starts hiring, bitcoin blasts higher
Rick Rieder, BlackRock Global Fixed Income CIO, evaluates President-elect Trump's economic strategy and shares his market outlook on Barron's Roundtable. This special edition of the FOX Business Rundown newsletter covers the week's biggest stories coming out of the election. – President-elect Trump builds team – Energy, DOGE and Health are selected – Treasurer in limbo […]
China Builds ‘Prototype’ Nuclear Reactor for Aircraft Carrier
The California-based Middlebury Institute of International Studies published research this week showing that China has built a prototype nuclear reactor that could be installed on large surface ships. This shows that China is making progress toward building a nuclear-powered aircraft carrier. Currently, only the United States and France have nuclear-powered aircraft carriers. The United States […]
Silver (XAG) Forecast: Price Pressure Builds as Fed Caution, Yields, and Dollar Firm Up – FX Empire
Daily US Dollar Index (DXY)The dollar's solid performance on Monday reflects increased market expectations for Wednesday's October inflation data. Economists expect the CPI to rise 0.2% month-on-month, or 2.5% annually, and core inflation to remain at 3.3%. The producer price index is expected to rise 0.3% month-on-month, or 2.3% annually. Robust inflation data could boost […]
Gold Price Forecast: Plunges Below Key Levels as Bearish Momentum Builds – FX Empire
Bearish momentum accelerates Given the accelerating downside momentum seen today, gold appears headed for a retest of support around the 50-day moving average at 2,638, if not below. The next lowest pivot is at the bottom of the bull flag at 2,600. This low is also a higher swing low and is therefore part of […]
National Swing Builds in Donald Trump’s Direction
The presidential election is swinging in former President Donald Trump's direction, according to a national poll released by Market. latest research show President Trump and Vice President Kamala Harris are both tied with approval ratings of 50%, including some influential people. The last poll, released on August 1, showed Harris up 4 points with 52% […]
Gold (XAU) Price Forecast: Bullish Momentum Builds Amid China Stimulus Hopes – FX Empire
Daily Gold (XAU/USD)Gold has surpassed the $2645.01 mark and is currently acting as an important short-term support level. If the price sustains above this level, there is room for upside and a possible rally towards the all-time high of $2,685.64. However, if it fails to sustain above this level, it could see a pullback towards […]