Silver (XAG) Forecast: Will the CPI Report Spark a Rebound in Silver Prices? – FX Empire
Daily Silver (XAG/USD)US jobs report causes uncertainty A major factor behind the decline in silver prices was mixed US labor market data, leaving traders uncertain about the Federal Reserve's (Fed) next move. The August nonfarm payrolls report showed employment increased by 142,000, below the expected 160,000, and July's figure was revised down to 89,000. Meanwhile, […]
EUR/USD Price Forecast: Two-day uptrend pauses near 50% Fibo., looks to US NFP for fresh impetus – FXStreet
EUR/USD is consolidating gains from Tuesday's over two-week lows. Investors are eagerly awaiting details of the U.S. jobs report before placing any new directional bets. This setup favors bullish traders and boosts the prospects of further upside. The EUR/USD pair struggled to capitalize on the gains recorded over the past two days and fluctuated within […]
Breaking: Nate Silver’s latest election forecast spells doom for Kamala Harris
While many in the mainstream media are celebrating after Democratic candidate Kamala Harris overtook former President Donald Trump for the lead in recent polls, new election projections spell doom for the Democratic Party. Pollster Nate Silver's prediction surprised many when it was released on Thursday. “Despite an increase in her approval rating in the national […]
GBP/USD Price Forecast: Tumbles below 1.3200 as US Dollar recovers – FXStreet
Momentum in GBP/USD is in favor of sellers and they may target the July 17th high of 1.3043. Any further declines could result in a test of 1.3043. The next major support is the March 8th high at 1.2893. For an upside reversal to occur, buyers would need to push the pair above 1.3200 and […]
Silver Price Forecast: XAG/USD attracts some buyers above $29.00, focus on US GDP data – FXStreet
Silver prices rose to around $29.45 in the early morning European session on Thursday, up 1.03% from the previous day. Further weakening of the US dollar and continuing tensions in the Middle East are supporting silver prices. Investors are awaiting the second estimate of U.S. second-quarter GDP growth on Thursday, ahead of the release of […]
EUR/USD Price Forecast: Bounces-off key support near 1.1110 ahead of German/ US data – FXStreet
EUR/USD bounced off the key Fibonacci support at 1.1107 as US Dollar selling resumed. Risk aversion and fears over pre-German inflation and US GDP could limit the pair's upside. Daily technical setups continue to remain constructive for EUR/USD in the near term. EUR/USD It moved back into the green zone early Thursday, reversing some of […]
Silver (XAG) Daily Forecast: Will Silver Break $29.94 Amid Surge in Demand from India? – FX Empire
The Silver Institute projects that global silver demand will grow 2% from 2023 to 2024, reaching about 1,219 tonnes. Beyond industrial uses, silver has been attracting investors amid growing expectations that the Federal Reserve will cut interest rates by 25 basis points in September. The CME FedWatch tool shows that the market has fully priced […]
Gold Price Forecast: Nears New Record Highs as Bullish Momentum Builds – FX Empire
Rise above Friday’s high of 2,518 proves strength A rise above today’s high of 2,518 would generate a bullish signal and set the stage for a rally to a new record high. Gold hit a new record high of 2,532 last week. This rally could signal a continuation of gold’s long-term uptrend if it rises […]
Gold (XAU) Price Forecast: Is a Breakout on the Horizon with Powell’s Jackson Hole Speech? – FX Empire
Weekly Gold (XAU/USD)Jackson Hole Symposium: Key Market Focus The Jackson Hole Symposium, taking place from August 22-24, is shaping up to be a key event for financial markets. Hosted by the Federal Reserve Bank of Kansas City, the symposium will bring together central bankers, policymakers, and economists from around the world. Investors are eagerly awaiting […]
Gold Price Forecast: XAU/USD holds steady above $2,450 on positive Retail Sales data – FXStreet
Gold prices were trading flat around $2,455 in early Asian trading on Friday. US retail sales rose 1.0% month-on-month in July, beating expectations. Initial jobless claims fell 7,000 from the previous week to 227,000. Rising geopolitical risks in the Middle East could limit gold’s declines. Gold prices (XAU/USD) were trading sideways around $2,455 in early […]