Gold (XAU) Daily Forecast: Will Bullish Momentum Hold Above $2,660? – FX Empire
However, the stability of the US dollar and rising expectations from the US Federal Reserve (Fed) are limiting further price increases. Fed interest rate expectations limit gold's upside potential The US dollar, which hit a two-month high last week, has since consolidated its gains, and there is little to lift gold prices. The Fed is […]
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 […]
Silver (XAG) Daily Forecast: Will Silver Break Above $31.50 in the Face of Rising Tensions? – FX Empire
Geopolitical concerns drive demand for safe havens Rising geopolitical risks are weighing on market sentiment, accelerating silver's upward trend. The US State Department has expressed concern over recent Chinese military exercises in the Taiwan Strait, raising concerns about further instability in the region. Furthermore, tensions in the Middle East remain high. While political events have […]
Gold Price Forecast: XAU/USD drifts lower to near $2,650, potential downside seems limited – FXStreet
Gold prices lost momentum to around $2,650 in early Asian time on Monday. Gold prices fell due to weak Chinese economic indicators. US PPI report and Middle East geopolitical risks could support the yellow metal. Gold prices (XAU/USD) inched down to $2,650, ending a two-day winning streak in early Asian trading on Monday. Weak Chinese […]
Gold (XAU) Daily Forecast: Will $2,630 Resistance Break with CPI Data in Focus? – FX Empire
Gold gains support despite strong dollar The recent surge in gold prices is against the backdrop of intensifying tensions in the Middle East, and there has been an increase in buying gold as a safe asset. Traders are also awaiting the next U.S. Consumer Price Index (CPI) report, which could shape expectations for future Federal […]
USD/JPY Price Forecast: Surges above 149.00 sponsored by elevates US yields – FXStreet
High US yields and dovish Prime Minister's comments support USD/JPY, which has broken through a key resistance level and is trading at 149.31. The Relative Strength Index (RSI) suggests further upside potential, with August 15 highs of 149.39 and 150.00 as the next targets. Key support lies at 147.35, with sellers looking to push the […]
Hurricane Milton shifts south away from Tampa: forecast
Cockroach Bay, Fla. — Monster storm Hurricane Milton made landfall late Wednesday, potentially causing once-in-a-century damage to the West Coast and prompting mandatory evacuation orders for nearly 6 million Floridians. Flooded debris from Hurricane Helen, which hit the Sunshine State less than two weeks ago, still lines the streets of Ruskin on the southeast side […]
Pepsi notes impact of geopolitical tensions, other factors on third-quarter; lowers revenue forecast
See what's being clicked on FoxBusiness.com. PepsiCo on Tuesday cut its full-year organic revenue forecast after the company reported lower-than-expected sales and business disruption due to geopolitical tensions that affected the third quarter. The snack and beverage giant's 2024 organic revenue growth outlook has been revised from 4% to a “low single-digit increase.” The report […]
EUR/USD Price Forecast: Path of least resistance appears to the downside – FXStreet
EUR/USD fell to near 1.0965 in early European trading on Monday. The bullish outlook for this pair looks fragile on the daily chart as the RSI indicator remains below the midline. The first support level is seen at 1.0881. The immediate resistance level is located at 1.1000. EUR/USD has been trading in negative territory for […]
Silver Price Forecast Q4 2024: Is Next Surge on the Horizon – FX Empire
Key drivers of silver demand growth in Q4 2024 Growing demand for industrial and green energy Silver is set to benefit significantly from its dual role as an industrial and precious metal in the fourth quarter of 2024. One of the main drivers of this demand increase is the rapid expansion of the green energy […]