By FXEmpire.com
Analysis and Recommendations:
Silver continued to decline today, on the cues from Gold and the overall weakness in the commodities market. Base metals and precious metals both declined. Silver fell 0.197 to trade at 26.642 down .73%
With a global slowdown and poor eco data from Germany where today’s report showed an overall slowdown in the German economy, shaking up EU markets, as Germany is expected to be the work horse that will pull the EU from the economic abyss.
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 for June 22, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
EUR |
German Ifo Business Climate Index |
105.3 |
105.9 |
106.9 |
|
|
EUR |
German Current Assessment |
113.9 |
112.3 |
113.2 |
|
|
EUR |
German Business Expectations |
97.3 |
99.8 |
100.8 |
|
|
Core CPI (MoM) |
0.2% |
0.3% |
0.4% |
||
|
CAD |
CPI (MoM) |
-0.1% |
0.3% |
0.4% |
|
|
CAD |
CPI (YoY) |
1.2% |
2.0% |
2.0% |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jun 25 |
6:00 |
EUR |
GfK German Consumer Climate |
5.7 |
|
25th-30th |
GBP |
Nationwide HPI m/m |
0.3% |
|
|
14:00 |
USD |
New Home Sales |
343K |
|
|
Jun 26 |
8:30 |
GBP |
Public Sector Net Borrowing |
-18.8B |
|
13:00 |
USD |
S&P/CS Composite-20 HPI y/y |
-2.6% |
|
|
14:00 |
USD |
CB Consumer Confidence |
64.9 |
|
|
Jun 27 |
All Day |
EUR |
German Prelim CPI m/m |
-0.2% |
|
8:30 |
GBP |
BBA Mortgage Approvals |
32.4K |
|
|
10:00 |
GBP |
CBI Realized Sales |
21 |
|
|
12:30 |
USD |
Durable Goods Orders m/m |
0.2% |
|
|
14:00 |
USD |
Pending Home Sales m/m |
-5.5% |
|
|
14:30 |
USD |
Crude Oil Inventories |
||
|
Jun 28 |
7:55 |
EUR |
German Unemployment Change |
0K |
|
8:30 |
GBP |
Current Account |
-8.5B |
|
|
8:30 |
GBP |
BOE Credit Conditions Survey |
||
|
8:30 |
GBP |
Final GDP q/q |
-0.3% |
|
|
12:30 |
USD |
Unemployment Claims |
||
|
12:30 |
USD |
Final GDP q/q |
1.9% |
|
|
23:01 |
GBP |
GfK Consumer Confidence |
-29 |
|
|
Jun 29 |
29th-4th |
EUR |
German Retail Sales m/m |
0.6% |
|
6:45 |
EUR |
French Consumer Spending m/m |
0.6% |
|
|
7:00 |
CHF |
KOF Economic Barometer |
0.81 |
|
|
8:00 |
EUR |
M3 Money Supply y/y |
2.5% |
|
|
9:00 |
EUR |
CPI Flash Estimate y/y |
2.4% |
|
|
12:30 |
USD |
Core PCE Price Index m/m |
0.1% |
|
|
12:30 |
USD |
Personal Spending m/m |
0.3% |
|
|
13:45 |
USD |
Chicago PMI |
52.7 |
|
|
13:55 |
USD |
Revised UoM Consumer Sentiment |
74.1 |
Upcoming Government Bond Auctions
Date Time Country
Jun 25 09:10 Norway
Jun 25 09:30 Germany
Jun 25 10:00 Belgium
Jun 25 15:30 Italy
Jun 26 00:30 Japan
Jun 26 08:30 Holland
Jun 26 08:30 Spain
Jun 26 09:10 Italy
Jun 26 09:30 UK
Jun 26 14:30 UK
Jun 26 17:00 US
Jun 27 09:10 Italy
Jun 27 09:10 Sweden
Jun 27 17:00 US
Jun 28 09:10 Italy
Jun 28 17:00 US
Click here to read Silver Technical Analysis.
Originally posted here
