Gold Price Forecast: Bullish Hammer Pattern Hints at Potential Recovery – FX Empire
Above 2,681 indicates a bullish reversal As of this writing, a decisive move above today's high of 2,681 would trigger a bullish reversal. Some technical damage has occurred during the current decline as support failed first at the 20-day moving average and then at the 50-day moving average. This was followed by a monthly bearish […]
Silver (XAG) Daily Forecast: Will Resistance at $31 Cap Price Gains? – FX Empire
Green energy, automobiles and electronics drive global demand Global industrial demand for silver is expected to increase by 7% in 2024, topping 700 million ounces for the first time. The sector is heavily dependent on silver, so renewable energy efforts, particularly solar power, are a major driver. Demand for silver in electronics and auto manufacturing […]
Gold Price Forecast: Decline Deepens, Eyes Key Support Levels – FX Empire
Orthodontic week 2 Gold prices reached an all-time high of 2,790 two weeks ago. A decline soon followed. The weekly pattern was a gift. The week ended as a bearish reversal Doge shooting star (not shown) and the bearish signal triggered last week. This week is the second week of decline, and there is no […]
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 […]
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 […]
Leading UK estate agent cuts its longer-term house price growth forecast | Housing market
Leading real estate agents have cut their long-term house price growth forecasts, amid expectations that UK interest rates could remain high for an extended period of time and the Budget's measures to boost incomes. The revised forecast for the Hamptons comes days after Halifax Bank and Nationwide Bank announced that the annual rate of growth […]
Gold Price Forecast: XAU/USD drifts lower below $2,700 on firmer US Dollar – FXStreet
Gold prices fell to around $2,680 in early Asian session on Monday. US dollar strength weakens the yellow metal. Uncertainty surrounding the global economy and geopolitical risks could increase capital flows into safe-haven assets, benefiting gold prices. Gold prices (XAU/USD) traded in negative territory around $2,680 in early Asian trading on Monday. The decline in […]
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. […]