Gold and Silver Daily Outlook: Will XAU Get Back to $3,432 Resistance?
Silver rises on dollar decline and geopolitical issues Silver (Xag/USD) is currently trading around $32.36, having reached a session high of $32.94. The metal’s attractiveness is bolstered by the weakened US dollar, as it serves both as a safe haven and an industrial commodity. The US Dollar Index (DXY) sits below 101, creating a conducive […]
Arm’s Stock Declines Even with Record Revenue Due to Disappointing Outlook
Arm Holdings Updates Earnings Outlook In extended trading on Wednesday, Arm Holdings revealed a less optimistic forecast than anticipated, leading to a dip in stock prices. The chip designer, in collaboration with Nvidia, adjusted its earnings per share expectations from 38 cents down to a range of 30 to 30 cents. Meanwhile, Arm’s estimated revenue […]
EUR/USD Price Forecast: Tests support near 1.1350, potential for upside based on positive outlook.
EUR/USD is expected to revisit its peak of 1.1573 from April 21, which would be its highest point since November 2021. The RSI remains above the 50 level, indicating a continued bullish sentiment. The pair is currently testing important support at the nine-day EMA, around 1.1320. During Wednesday’s Asian session, EUR/USD has reclaimed gains from […]
Gold Price Outlook: Strong Momentum Ahead
Bull Flag Breakout The breakout of the Bull Flag reached $3,202, though it followed a fairly small pullback. Support was established where the 20-day moving average met the 50% retracement level. Given the positive reaction after testing this support region, it may be considered a reliable point for future support. The bullish activity around the […]
Gold (XAUUSD) and Silver Price Outlook: Safe-Haven Demand Increases with Varied U.S. Data – FXEmpire
“Money serves as a buffer for businesses against uncertainty, both in economic terms and geopolitically,” remarked a strategist from ING. The overall macro climate appears mixed. Although recent US economic indicators have reduced immediate recession concerns, there is still a focus among traders on the Fed’s messaging regarding interest rates, which may lead to volatility. […]
Gold (XAUUSD) Price Outlook: Bulls Target a Break Above $3351.08 to Reach $3500.20 – FXEmpire
The US dollar index dropped by 0.3%, which makes gold less expensive for those using other currencies. This dip follows disappointing US GDP figures and increasing expectations for future interest rate cuts by the Federal Reserve. Carlo Alberto de Casa, an external analyst at Swissquote, mentioned that the decline in the dollar has heightened gold’s […]
Gold (XAUUSD) Price Outlook: Will Gentle Fed Signals Change the Bearish Trend? – FXEmpire
The US economy is currently sending mixed signals: GDP fell by 0.3% in the first quarter, while unemployment climbed to 241,000, even though the core PCE remained stable in March. Nonetheless, the employment report for April added enough resilience to keep the Fed from taking action for now, which limits immediate gains for gold. Focus […]
Silver (XAG) Outlook: Price Struggles to Rise Past 50-Day Average Following Robust U.S. Payroll Data – FXEmpire
Surprise in Employment Dims Hopes for Fed Rate Cuts The employment report for April significantly influenced market movements on Friday. The US economy added 177,000 jobs, surpassing expectations, yet the unemployment rate stayed steady at 4.2%, which is a rise of 3.8% from the previous year. This might seem a bit contradictory, but the data […]
Rapid snowmelt threatens US West water supply outlook
Rapid melting in the western US has caused snowmen to disappear up to four weeks earlier in some areas. It has caused potential havoc in water supply in the area, federal meteorologists warned Thursday. These conditions have particularly impacted parts of Utah, Colorado and New Mexico, with some basins moving from above average snow packs […]
Oil News: Bearish Oil Outlook as OPEC+ Production and Tariffs Weigh on Crude Futures – FXEmpire
China’s tariff exemption cannot ease the market’s nerves Despite China’s announcement of limited tariff exemptions on US imports, the move failed to significantly strengthen emotions. Beijing quickly denied President Trump’s claim. Saxo Bank analyst Ole Hansen said the long-term trade war among the world’s top consumers combined with speculation over the acceleration of OPEC+ production […]