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 […]
Harley-Davidson cuts revenue forecast on inflation, DEI backlash
Jennifer Sey, a former senior marketing executive at Levi Strauss & Co., explained on The Big Money Show why some of America's largest companies are retreating from DEI practices. Harley-Davidson has lowered its full-year sales forecast due to weak demand due to persistent inflation and consumer boycotts. Diversity, Equity, and Inclusion (DEI) The program has […]
Tesla shares surge 13% after CEO Elon Musk touts sales forecast
CEO Elon Musk has told investors that the company's electric vehicle sales will increase 20-30% next year as it prepares to roll out more affordable models. Tesla stock rose more than 13% before the opening bell Thursday after the company said it expected . Tesla, which had a market capitalization of nearly $670 billion as […]
Gold Price Forecast: Hits Resistance, Eyes Key Support Amid Bearish Reversal – FX Empire
2,753 targets lead to sales While the upside target of 2,753 was met and appeared to be acknowledged by the market, gold still has higher targets that it could eventually reach once the retracement is completed. There are some important potential support levels to watch out for on the way down. The first is the […]
US Dollar Forecast: Bullish DXY Outlook as Treasury Yields Climb, Gold Prices Slip – FX Empire
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Election Forecast Models Shift in Favor of Trump Victory in Election
Several election prediction models have changed in favor of former President Donald Trump defeating Vice President Kamala Harris in the upcoming presidential election. FiveThirtyEight, polling expert Nate Silver, JL Partners, Decision Desk Headquarters, and hill published election predictions from their model, which found that Trump is more likely than Harris to win the next election. […]
GBP/USD Price Forecast: Bears have the upper hand while below 1.3135 confluence – FXStreet
GBP/USD fell slightly at the start of the new week as the US dollar rose modestly. The fundamental backdrop supports the outlook for further declines. A slide to 1.2960 confluence support looks like a clear possibility. The GBP/USD pair has struggled to capitalize on its two-day-old recovery move from the 1.2975 area, a nearly two-month […]
Gold Price Forecast: XAU/USD hits another record high above $2,700 – FXStreet
Gold prices gained momentum to near $2,720 in early Asian time on Monday. Uncertainty and geopolitical risks surrounding the US election have increased demand for safe-haven assets such as gold. Concerns about China's economic slowdown could weigh on XAU/USD. Gold prices (XAU/USD) expanded to around $2,720 in early Asian time on Monday. Tensions in the […]
Trump overtakes Harris for first time in Decision Desk HQ/The Hill election forecast
Former President Trump on Sunday surpassed Vice President Harris for the first time in Decision Desk Headquarters/The Hill's election forecast for this term. As of Sunday, the model predicted Mr. Trump had a 52% chance of winning the presidency, and Ms. Harris had a 42% chance. Election forecasts from late August put Harris' chance of […]
Silver (XAG) Forecast: Will Anticipation of China’s Stimulus Drive Prices to $35.40 – FX Empire
Weekly Gold (XAU/USD)Silver's strong rally this week was largely helped by gold's record performance. As gold soared above the $2,700 per ounce threshold, silver followed suit, reflecting the metals' historically close correlation. Geopolitical tensions, particularly in the Middle East, played a key role in the rally as investors sought safe haven assets. The conflict between […]