By FXEmpire.com
Analysis and Recommendations:
Silver followed clues from gold and the metals pack to move up to 27.18 adding 1.39% in today’s session. Worries over the Euro Zone debt crisis and flagging economic growth in the leading economies continue to haunt the market, keeping gains under check. Sentiments were mixed in commodities. Spot gold ticked up, rising for the second consecutive day backed by gains in the Euro and on expectations over another round of quantitative easing. Euro jumped after European Central Bank officials said that there were reasons for giving Europe’s permanent rescue fund a banking license. Also, German bond yield falling to a record low level supported too. However, bullion remained trapped in narrow ranges after lack of fresh cues for further directional moves
Meanwhile, silver remained trapped in thin ranges. The trend was mixed in base metals. Copper in LME dropped to a one month low as worries over Greece and Spain gripped the market, curbing the risk appetite of the investors. In MCX, base metals were swinging between positive and negative territories.
FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more up to the data analysis and information in our weekly reports.
Economic Data July 25, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jul. 25 |
JPY |
Trade Balance |
-0.30T |
-0.39T |
-0.62T |
|
AUD |
CPI (QoQ) |
0.5% |
0.6% |
0.1% |
|
|
AUD |
Trimmed Mean CPI (QoQ) |
0.5% |
0.6% |
0.3% |
|
|
EUR |
German Ifo Business Climate Index |
103.3 |
104.7 |
105.2 |
|
|
EUR |
German Current Assessment |
111.6 |
113.0 |
113.9 |
|
|
EUR |
German Business Expectations |
95.6 |
96.7 |
97.2 |
|
|
GBP |
GDP (QoQ) |
-0.7% |
-0.2% |
-0.3% |
|
|
GBP |
GDP (YoY) |
-0.8% |
-0.3% |
-0.2% |
|
|
GBP |
CBI Industrial Trends Orders |
-6 |
-12 |
-11 |
|
|
USD |
New Home Sales |
372K |
369K |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jul 26 |
6:00 |
EUR |
5.8 |
|
|
8:00 |
EUR |
2.9% |
||
|
12:30 |
USD |
0.7% |
||
|
12:30 |
USD |
|||
|
14:00 |
USD |
5.9% |
||
|
Jul 27 |
27th-31st |
GBP |
-0.6% |
|
|
All Day |
EUR |
-0.1% |
||
|
7:00 |
CHF |
1.16 |
||
|
12:30 |
USD |
1.9% |
||
|
13:55 |
USD |
72.0 |
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Originally posted here
