Gold (XAU) Silver (XAG) Daily Forecast: CPI Data and Dollar Rally Shape Precious Metals’ Short-Term Outlook – FX Empire
Despite the decline, gold remains a popular safe-haven asset amid geopolitical tensions. Conflicts in Eastern Europe and the Middle East, combined with concerns about U.S. trade policy under President-elect Donald Trump, continue to sustain its appeal during uncertain times. Silver reflects gold's decline amid dollar rally Silver price (XAG/USD) followed a similar path, trading at […]
Voters Looked at ‘Short-term Situation’ and Not ‘Long-Term’, Trump Inherited a Good Economy
On Thursday's CNN News Central broadcast, Rep. Gregory Meeks (D-N.Y.) said voters are “looking at the short-term situation of their immediate lives, and they are looking forward to the second Trump administration.” “We're not looking at the long-term effects.” Inflation was caused by the pandemic “after Barack Obama gave Donald Trump a good economy.” “The […]
Bitcoin's Short-Term Rally Incoming? Expert Projects 60% BTC Growth In Q4 | Bitcoinist.com – Bitcoinist
Expectations for the next big rise Bitcoin After the start of this bullish cycle, it continues to increase within the cryptocurrency community. However, the wait may be over as cryptocurrency experts predict that BTC could rise in the final quarter of this year. Bitcoin likely to reach all-time high by year-end Author and network economist […]
House Rules Committee nixes vote on short-term spending bill
The House Rules Committee decided Monday to postpone a vote on a short-term spending bill that would avert a government shutdown, setting up a scenario in which House Speaker Mike Johnson (R-Louisiana) may have to turn to Democrats to pass the controversial legislation. Johnson's three-month continuing resolution, which would keep the government funded through Dec. […]
Democrats whipping against GOP’s short-term spending bill: ‘A waste of time’
House Democratic leaders have been aggressively opposing the Republican short-term spending bill, denouncing the plan as a threat to military readiness and warning that GOP leaders are on the cusp of a government shutdown. Leaving a closed-door meeting of Democratic caucus members in the basement of the Capitol, party leaders said the Republican six-month budget […]
Bitcoin in ‘seasonal slog’ with slim chance of short-term price catalysts: NYDIG – Cointelegraph
Bitcoin investors should prepare for a “seasonal struggle” in September, according to Bitcoin financial services platform NYDIG, as the month has historically seen the lowest average returns. “Unfortunately, near-term catalysts for Bitcoin are scarce at present.” Written Greg Cipollaro, head of global research at NYDIG, said in a market update on September 10th: Cipollaro added […]
Buffett’s Berkshire currently holding more short-term US Treasury bills than the Federal Reserve
Fisher Investments founder Ken Fisher analyzes recent stock market movements on “Making Money.” Warren Buffett’s Berkshire Hathaway currently holds a vast amount of short-term U.S. Treasury securities, more than the amount held by the Federal Reserve. In its latest earnings report, the bank said it holds $234.6 billion in short-term Treasury bills, up from $130 […]
Euro Short-term Technical Outlook: EUR/USD Bulls Eye Range Resistance – FOREX.com US
Euro Technical Outlook: EUR/USD Short-Term Trading Levels Euro June rally hits uptrend resistance, risk of correction in the short term EUR/USD Watch for breakout of months-long consolidation – CPI, PPI due to be released Resistance ~1.0860s, 1.0879/88 (key), 1.0933/39 – Support 1.0792/94, 1.0755, 1.0724/34 (key) The Euro ended a seven-day rally yesterday with EUR/USD trading […]