Silver (XAG) Forecast: Eyes on 200-Day Moving Average as Downside Risks Grow – FX Empire
Daily US Treasury 10 Year YieldRising U.S. Treasury yields are also challenging silver's appeal. Despite the Fed's recent interest rate cuts, skepticism about extending dovish policy remains, especially given inflation expectations if fiscal policy stimulates economic activity. As yields rise, the opportunity cost of owning silver and other non-yielding assets increases, potentially discouraging investment unless […]
Oil News: Crude Traders Eye OPEC Report as Dollar Strengthens – FX Empire
Will OPEC's monthly report move the market? Traders are awaiting OPEC's monthly report, which could provide guidance on the direction of prices. Oil markets are hesitant, weighing concerns about a global supply glut and disappointment with China's recent $1.4 trillion stimulus package, which failed to boost oil demand. Concerns about deflation in China and Beijing's […]
US Dollar Forecast: Fed Speeches and Strong Data Drive Dollar Strength; Gold, GBP/USD and EUR/USD Outlook – FX Empire
GBP/USD price chart – Source: TradingviewGBP/USD is trading 0.37% lower at $1.28213 as it remains under pressure below its pivot point at $1.28463. This level has recently served as a breakout point and is now serving as an important pivot. Below that, the pair is likely to remain in a bearish trend. Immediate support lies […]
Silver (XAG) Daily Forecast: Tariff Concerns in Solar Sector Impact Future Silver Demand – FX Empire
China's recent economic measures have also worsened the outlook for industrial metals. Last week, the Chinese government announced a 10 trillion yuan debt package aimed at raising local financing and promoting economic stability, but it fell short of market expectations for direct economic stimulus. The disappointment hit the market for industrial metals, including silver, which […]
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 […]
Silver (XAG) Forecast: Will CPI Report Trigger a Silver Rally or More Declines? – FX Empire
Strong dollar and government bond yields create headwinds Donald Trump's re-election boosted the dollar as traders predicted fiscal policies such as tax cuts and tariffs could boost inflation. The strength of the dollar, which hit a four-month high, makes dollar-denominated assets such as silver and gold more expensive and generally less attractive to international buyers. […]
Gold Price Forecast: Consolidates Between Major Moving Averages – FX Empire
Range limit until moving average is broken In this week's price action, gold prices are contained between resistance near the 20-day moving average at 2,719 and support near the 50-day moving average at 2,643. This could lead to further consolidation between the two moving averages or a move through one of the price levels. Notice […]
Gold (XAU) Price Forecast: Fed, CPI, and PPI Set the Stage for Gold’s Next Move – FX Empire
Weekly US Dollar Index (DXY)Following Donald Trump's victory in the US presidential election, the US dollar strengthened significantly, putting downward pressure on gold prices. The dollar index rose 0.6% for the week, reaching its highest level since July, while gold fell, reflecting risk-off sentiment among traders who poured money into assets that could benefit from […]
Gold (XAU) Daily Forecast: U.S.-China Trade Tensions Add Pressure to Gold Outlook – FX Empire
The recent decision by the US Federal Reserve to cut interest rates by 25 basis points, with a target range of 4.50%-4.75%, has further impacted gold's safe-haven status. Fed Chairman Jerome Powell's comments also suggested further rate cuts are on the horizon to counter economic pressures, potentially pushing up the dollar and impacting gold demand. […]
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 […]