Gold (XAU) Price Forecast: Is Safe-Haven Demand Enough to Counter Dollar Strength? – FX Empire
Federal Reserve Chairman Jerome Powell has already signaled that the pace of rate cuts will slow, increasing market expectations for a 25 basis point rate cut. With inflation still above the Fed's target and the labor market showing resilience, pressure for aggressive rate cuts has eased, weighing on gold. Strong US dollar and rising government […]
USD/JPY Price Forecast: Forms doji consolidates at around 143.50 – FXStreet
USD/JPY ended unchanged at 143.58, forming a “doji” candlestick, indicating indecision amid geopolitical risks. The RSI suggests a possible consolidation and is expected to trade between 142.98 and 144.53 in the near term. A move above 144.53 could target the 50-DMA at 145.00 and 145.47, while a move below 142.98 reveals the support level at […]
EUR/USD Price Forecast: Flat lines below 1.1200 ahead of German consumer inflation data – FXStreet
EUR/USD lacks solid direction during the day, remaining within the range from a few days ago. The technical setup is mixed, so caution is required before positioning for a short-term trajectory. Traders are eyeing preliminary German CPI numbers for some stimulus ahead of Fed Chairman Jerome Powell's speech. The new week begins on a subdued […]
Gold Price Forecast: XAU/USD edges higher above $2,650 as traders brace for Chinese PMI data – FXStreet
Gold prices rose to $2,665 in early Asian session on Monday. Rising geopolitical tensions in the Middle East and Fed rate cuts are supporting gold prices. Investors are awaiting China's PMI to be released on Monday. Gold prices (XAU/USD) recovered to near $2,665 in early Asian trading on Monday. Precious metals have been buoyed by […]
Gold (XAU) Daily Forecast: US PCE Data Looms, XAU Steady Near Key $2,665 Support Level – FX Empire
Geopolitical tensions in the Middle East continue to support demand for safe-haven assets such as gold, but rising risk appetite and a strong dollar are limiting upside. However, expectations that the Fed will cut rates significantly in November are providing fundamental support for gold. Impact of US economic development and Fed expectations on gold prices […]
Southwest raises revenue forecast under pressure from activist Elliott
Southwest Airlines raised its third-quarter revenue forecast, approved $2.5 billion in share buybacks and announced plans to buy back a large number of its businesses as it continues to face pressure from activist hedge fund Elliott Investment Management. announced changes. The company says its business plan will generate an additional $4 billion in pre-interest and […]
Silver (XAG) Forecast: Will Inflation Concerns and Fed Policies Drive Silver Prices Higher? – FX Empire
Daily Silver (XAG/USD)Exchange traded fund (ETF) inflows, while not dramatic, supported the price movement. Meanwhile, demand from Asia remains weak as buyers remain reluctant. Technical indicators point to silver's next resistance levels at $31.76 and $32.52, and if momentum continues, it could rise towards $35.00. Geopolitical risks and a weak dollar continue to drive gains […]
Nate Silver: '50/50' forecast means 'people should be making their contingency plans'
Pollster Nate Silver said the 50/50 odds on the presidential election mean people should start making plans in case former President Trump retakes the White House in November. Silver's election forecast and model has projected that Vice President Harris will defeat Trump for the first time since August 28. Harris said: Saturdayis leading Trump, 49 […]
Gold Price Forecast: Surges to New High, Targets 2,661 and Beyond – FX Empire
2,650 is the start of the next price range The next target zone is revealed by the confluence of several price levels. Recently, there have been two ascending ABCD patterns with targets of 2,660 and 2,661. One pattern appears in purple and the other in orange. These mark the upper end of the price range. […]
Gold Price Forecast: XAU/USD consolidates near record highs as Fed looms – FXStreet
XAU/USD Current Price: $2,572.12 The Federal Reserve is about to announce its decision on monetary policy. A 25 basis point cut is already priced in, but officials could still surprise the market. XAU/USD will likely turn lower in the short term and the Fed will determine the direction. Gold traded around $2,570 per troy ounce […]