By FXEmpire.com

Analysis and Recommendations:

Gold is trading climbing at 1665 levels. There were early gains recorded in the gold, as the dollar index dipped to a three week low and after the US GDP disappointed gold continued it climb as investors moved to the safety of gold as the greenback fell against all of its partners.

The U.S. economy slowed more than expected in the first quarter, the Commerce Department reported Friday. Real gross domestic product rose at a 2.2% annualized rate in the first quarter, down from a 3.0% increase in the fourth quarter.

After two weeks of poor eco data from the US markets are beginning to wonder if this is a repeat of the prior year’s spring stall. Crude oil climbed as well as silver.

Economic Data for April 27, 2012 actual. v. forecast

JPY

Unemployment Rate

4.5%

4.5%

4.5%

JPY

Tokyo Core CPI (YoY)

-0.5%

-0.4%

-0.3%

JPY

Industrial Production (MoM)

1.0%

2.4%

-1.6%

JPY

Retail Sales (YoY)

10.3%

9.8%

3.4%

JPY

Interest Rate Decision

0.10%

0.10%

0.10%

EUR

GfK German Consumer Climate

5.6

5.9

5.8

EUR

French Consumer Spending (MoM)

-2.9%

-1.9%

2.9%

CHF

KOF Leading Indicators

0.40

0.26

0.09

EUR

Italian 10-Year BTP Auction

5.84%

5.57%

USD

Employment Cost Index (QoQ)

0.4%

0.5%

0.5%

USD

GDP Price Index (QoQ)

1.5%

2.0%

0.8%

USD

GDP (QoQ)

2.2%

2.5%

3.0%

Economic Events for April 30, 2012 for the European and US Markets

13:30 USD Core PCE Price Index 0.2% 0.1%

The Core Personal Consumption spending (PCE) Price Index measures the changes in the price of goods and services purchased by consumers for the purpose of consumption, excluding food and energy. Prices are weighted according to total expenditure per item. It measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

14:45 USD Chicago PMI 61.8 62.2

The Chicago Purchasing Managers’ Index (PMI) determines the economic health of the manufacturing sector in Chicago region. A reading above 50 indicates expansion of the manufacturing sector; a reading below indicates contraction. The Chicago PMI can be of some help in forecasting the ISM manufacturing PMI.


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Originally posted here