By FXEmpire.com
Analysis and Recommendations:
Silver continued to track gold and the metals group falling to trade at 28.110. Base metals in LME were moving mostly steady to negative. Concerns over slowing growth in China and political uncertainty in Greece dragged down copper prices, mostly ignoring the upbeat data from Germany, to a four month low.
Outside of Greece, investors are worried about a slowdown in China, seeing Beijing’s weekend move to cut banks’ reserves to boost lending as an affirmation that the world’s No. 2 economy and top copper consumer is weakening further.
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, which cover the current week and are published by Sunday before the new week begins. Daily as the markets close we share any new events, forecasts or analysis that affect the current day. To achieve a full accurate understanding it is important that you study all of our data and analysis as a whole. Please click on the links to find the most recent reports for this asset.
Economic Reports May 15, 2012 actual v. forecast
|
EUR |
French CPI (MoM) |
0.1% |
0.3% |
0.8% |
|
EUR |
French GDP (QoQ) |
0.0% |
0.0% |
0.1% |
|
EUR |
German GDP (QoQ) |
0.5% |
0.1% |
-0.2% |
|
EUR |
German GDP (YoY) |
1.7% |
0.8% |
1.5% |
|
EUR |
French Non-Farm Payrolls (QoQ) |
0.1% |
-0.2% |
-0.1% |
|
GBP |
Trade Balance |
-8.6B |
-8.4B |
-8.6B |
|
EUR |
GDP (QoQ) |
0.0% |
-0.2% |
-0.3% |
|
EUR |
German ZEW Economic Sentiment |
10.8 |
19.0 |
23.4 |
|
EUR |
ZEW Economic Sentiment |
-2.4 |
11.7 |
13.1 |
|
USD |
Core CPI (MoM) |
0.2% |
0.2% |
0.2% |
|
USD |
Core Retail Sales (MoM) |
0.1% |
0.2% |
0.8% |
|
USD |
CPI (MoM) |
0.0% |
0.1% |
0.3% |
|
USD |
Retail Sales (MoM) |
0.1% |
0.2% |
0.7% |
|
USD |
NY Empire State MFG Index |
17.1 |
8.5 |
6.6 |
|
USD |
CPI (YoY) |
2.3% |
2.3% |
2.7% |
|
USD |
Core CPI (YoY) |
2.3% |
2.3% |
2.3% |
|
USD |
TIC Net Long-Term Transactions |
36.2B |
19.4B |
10.1B |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
May 16 |
09:30 |
GBP |
1.0% |
1.1% |
|
|
09:30 |
GBP |
5.0K |
3.6K |
||
|
10:00 |
EUR |
2.6% |
2.6% |
||
|
10:00 |
EUR |
1.5% |
1.6% |
||
|
10:30 |
GBP |
||||
|
10:30 |
GBP |
||||
|
10:30 |
EUR |
1.770% |
|||
|
11:00 |
EUR |
14.00% |
|||
|
13:30 |
USD |
0.730M |
0.764M |
||
|
13:30 |
USD |
0.680M |
0.654M |
||
|
14:15 |
USD |
0.6% |
0.0% |
||
|
15:00 |
EUR |
||||
|
19:00 |
USD |
||||
|
May 17 |
13:30 |
USD |
365K |
367K |
|
|
13:30 |
USD |
3235K |
3229K |
||
|
15:00 |
USD |
10.0 |
8.5 |
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Originally posted here
