Nvidia stock dips despite optimistic forecast for ‘Age of AI’
Claman Countdown panelists Scott Bauer and Jay Woods unpack corporate profits. Nvidia released an earnings report Wednesday, predicting fourth-quarter revenue to beat Wall Street expectations, but investors balked after the numbers fell short of high expectations in the United States. Artificial intelligence (AI) The giants have profited during their historic rise. According to data compiled […]
GBP/USD Price Forecast: Tumbles below 1.2700 after hot UK CPI – FXStreet
The GBP/USD pair fell as UK inflation spiked, raising expectations that the Bank of England would become less accommodative. Technical analysis indicates bearish momentum as the pair is currently targeting further support levels including the May low at 1.2445. The RSI is trending towards oversold territory, suggesting continued downward pressure in the short term. Sterling […]
Most significant rain in months lurks in Northeast extended forecast
NEW YORK — After a fall marked by dry weather and wildfire battles in the Northeast, fire weather warnings once again blanket the region this week, but the long-range forecast holds promise for some relief. A major storm system that brings disparate weather to the Midwest, Plains, and Great Lakes appears to be having some […]
Silver (XAG) Forecast: Will Rising Yields and Gold’s Weakness Drag Prices Lower? – FX Empire
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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 […]