By FXEmpire.com
Analysis and Recommendations:
Silver is trading at 27.010 down a few pips, as markets zigzag all day. Precious metals are holding close to yesterday’s level but global worries on growth and production have weighed heavily on industrial metals. This week, silver holdings of iShares silver trust, the largest ETF backed by the metal, increased to 9,708.78 tons, as on July 23.
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 24, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jul. 24 |
CNY |
Chinese HSBC Manufacturing PMI |
49.50 |
48.20 |
|
|
AUD |
RBA Governor Stevens Speaks |
||||
|
EUR |
French Manufacturing PMI |
43.6 |
45.5 |
45.2 |
|
|
HUF |
Hungarian Retail Sales (YoY) |
-2.50% |
-2.00% |
-2.80% |
|
|
EUR |
German Manufacturing PMI |
43.3 |
45.3 |
45.0 |
|
|
EUR |
Manufacturing PMI |
44.1 |
45.3 |
45.1 |
|
|
GBP |
BBA Mortgage Approvals |
26.3K |
31.4K |
29.6K |
|
|
Core Retail Sales (MoM) |
0.5% |
0.2% |
-0.4% |
||
|
CAD |
Retail Sales (MoM) |
0.3% |
0.5% |
-0.6% |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jul 25 |
8:00 |
EUR |
105.3 |
|
|
8:30 |
GBP |
-0.3% |
||
|
10:00 |
GBP |
-11 |
||
|
13:00 |
EUR |
-13.2 |
||
|
14:00 |
USD |
369K |
||
|
14:30 |
USD |
|||
|
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 |
Government Bond Auctions
Date Time Country
Jul 25 09:30 Germany
Jul 25 15:30 Italy
Jul 25 17:00 US
Jul 26 00:30 Japan
Jul 26 09:10 Italy
Jul 27 09:10 Italy
Jul 27 17:00 US
Silver Fundamental Analysis July 25, 2012, Forecast
Analysis and Recommendations:
Silver is trading at 27.010 down a few pips, as markets zigzag all day. Precious metals are holding close to yesterday’s level but global worries on growth and production have weighed heavily on industrial metals. This week, silver holdings of iShares silver trust, the largest ETF backed by the metal, increased to 9,708.78 tons, as on July 23.
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 24, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jul. 24 |
CNY |
Chinese HSBC Manufacturing PMI |
49.50 |
48.20 |
|
|
AUD |
RBA Governor Stevens Speaks |
||||
|
EUR |
French Manufacturing PMI |
43.6 |
45.5 |
45.2 |
|
|
HUF |
Hungarian Retail Sales (YoY) |
-2.50% |
-2.00% |
-2.80% |
|
|
EUR |
German Manufacturing PMI |
43.3 |
45.3 |
45.0 |
|
|
EUR |
Manufacturing PMI |
44.1 |
45.3 |
45.1 |
|
|
GBP |
BBA Mortgage Approvals |
26.3K |
31.4K |
29.6K |
|
|
CAD |
Core Retail Sales (MoM) |
0.5% |
0.2% |
-0.4% |
|
|
CAD |
Retail Sales (MoM) |
0.3% |
0.5% |
-0.6% |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jul 25 |
8:00 |
EUR |
105.3 |
|
|
8:30 |
GBP |
-0.3% |
||
|
10:00 |
GBP |
-11 |
||
|
13:00 |
EUR |
-13.2 |
||
|
14:00 |
USD |
369K |
||
|
14:30 |
USD |
|||
|
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 |
Government Bond Auctions
Date Time Country
Jul 25 09:30 Germany
Jul 25 15:30 Italy
Jul 25 17:00 US
Jul 26 00:30 Japan
Jul 26 09:10 Italy
Jul 27 09:10 Italy
Jul 27 17:00 US
Click here a current Silver Chart.
Originally posted here
