UK economy continues to flatline, confounding forecast of growth – business live | Business
Main Events Show only important events Please enable JavaScript to use this feature Services activity rose 0.1% following a 0.1% decline in June but failed to show the stronger recovery expected, while industrial production fell 0.8%. Construction production fell 0.4% in July. The services sector grew by 0.6% in the three months to July. The […]
Gold (XAU) Daily Forecast: Key Support at $2,500 Holds as Fed Rate Cut Speculation Fades – FX Empire
The US Dollar Index (DXY), which tracks the dollar's relative value against a basket of major currencies, is approaching last week's monthly high, reducing gold's appeal as a non-yielding asset. Strong dollar and Fed interest rate expectations weigh on gold prices The recent rise in the US dollar has contributed to gold's decline as hopes […]
Gold (XAU) Price Forecast: US Inflation Report to Decide Gold’s Next Move – FX Empire
Daily US Dollar Index (DXY)Gold prices fell slightly as the US Dollar Index (DXY) rose 0.4%, making dollar-denominated gold less attractive to holders of other currencies. Investors are watching the dollar for a possible breakout from last week's high of 101.917, with a further upside target of 102.040. The dollar's strength reflects uncertainty about the […]
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 […]