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News
Gold News: XAUUSD Price Slips Early Monday as Fed Hike Odds Hit 87%
10+ hour, 32+ min ago (856+ words) Early Monday at 03:10 GMT, Spot Gold (XAUUSD) is trading at $4,336.10, down $13.32 or 0.31%. The session high is $4,355.41 and the low is $4,326.35. Spot gold rebounded Friday after testing its lowest level since September 2. Core CPI came in above expectations with Treasury yields…...
Gold Price Forecast: Could $100 Oil Push Gold Toward $4,000?
21+ hour, 23+ min ago (118+ words) FXEmpire Gold (XAU) prices remain volatile after the release of the inflation data as rising energy costs and strong producer inflation create fresh concerns about the inflation outlook The surge in oil and diesel prices may keep the Fed hawkish…...
SMCI Stock Breakout Targets $51.40 Trend Reversal Test
2+ week, 4+ day ago (113+ words) The dominant pattern developing looks to be a rising ABCD pattern that begins from the March low. On the weekly chart, the pattern projects an initial 100% target near $55.30. That is where the advance seen in the second leg up, starting…...
Sui Price Risks 12% Drop as Ecosystem Growth Stalls
2+ week, 3+ day ago (583+ words) Sui (SUI) failed to capitalize on last week’s strong rally in the crypto market, as the token’s year-to-date losses (YTD) still stand at 44%. This makes it the second worst-performing token in the top 30, only surpassed by Bitcoin Cash (BCH). A…...
Best Buy Price Forecast: Bull Flag Breakout Eyes New Highs
3+ day, 17+ hour ago (186+ words) Following a second bottom at $55.10 in May the stock of Best Buy Co., Inc. (BBY) rallied to a high of $91.27 by late-July, completing a 65.6% advance. The rally was supported by a positive response to its earnings report in late-May and…...
Natural Gas Price Forecast: Can Buyers Trigger a New Rally?
3+ day, 17+ hour ago (162+ words) Natural gas rebounds from $2.75 support as a potential bullish hammer forms, with a breakout opening the door toward $3.03, $3.09 and potentially $3.26. Thursday’s low of $2.75 is now key short-term support, as a sustained decline below that level would put a potential upside…...
NASDAQ Index, SP500, Dow Jones Forecasts – NASDAQ Retreats As WTI Oil Soars Above $100
3+ day, 19+ hour ago (583+ words) SP500 is losing ground as traders focus on PPI report and react to the strong rally in the oil markets. PPI increased by +0.4% month-over-month in August, in line with analyst expectations. Core PPI grew by +0.2%, while analysts expected that it would…...
Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats As Oil Prices Rally
3+ day, 20+ hour ago (560+ words) Gold is losing ground as traders focus on the strong rally in the oil markets. Houthis have captured a key port on the Red Sea and now have full control over the Bab-el-Mandeb Strait. The forces of Yemen’s official government…...
U.S. Dollar Gains Ground As PPI Report Highlights Inflationary Pressure: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
3+ day, 21+ hour ago (570+ words) The strong rally in the oil markets provided additional support to the American currency. U.S. Dollar Index gains ground as traders focus on the strong rally in the oil markets and react to Producer Prices data. Brent oil rallied above the…...
S&P500 and Nasdaq Index: $100 Oil, 4.9% Yields Put Sellers in Control
3+ day, 21+ hour ago (893+ words) U.S. stocks are lower at mid-session Thursday as crude oil above $100, Treasury yields at multiyear highs, and a 70% probability of a September rate hike hit the indexes at the same time. The Producer Price Index came in slightly above estimates at…...