By FXEmpire.com

Analysis and Recommendations:

Silver is exchanging at 28.148 following in gold’s shadow. On the industrial side with Chinese data well under forecast and global negative sentiment and a rash of poor eco data, the overall metal complex is suffering.

Silver is being supported by the precious metal side, as traders hope for some central bank action.

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.

Chinese Economic Data August 9 -10, 2012 actual v. forecast

CNY

Chinese CPI (YoY)

1.8%

1.7%

2.2%

CNY

Chinese PPI (YoY)

-2.9%

-2.5%

-2.1%

CNY

Chinese CPI (MoM)

0.1%

-0.1%

-0.6%

CNY

Chinese Fixed Asset Investment (YoY)

20.4%

20.5%

20.4%

CNY

Chinese Industrial Production (YoY)

9.2%

9.8%

9.5%

CNY

Chinese Retail Sales (YoY)

13.1%

13.7%

13.7%

Economic Data for August 10, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Aug. 10

AUD

RBA Monetary Policy Statement

CNY

Chinese Trade Balance

25.10B

35.10B

31.70B

JPY

Industrial Production (MoM)

0.4%

-0.1%

-0.1%

JPY

BoJ Monthly Report

EUR

German CPI (MoM)

0.4%

0.4%

0.4%

EUR

German CPI (YoY)

1.7%

1.7%

1.7%

GBP

PPI Input (MoM)

1.3%

1.5%

-2.9%

GBP

PPI Input (YoY)

-2.4%

-1.5%

-3.0%

CAD

Employment Change

-30.4K

9.0K

7.3K

USD

Import Price Index (MoM)

-0.6%

0.1%

-2.4%

CAD

Unemployment Rate

7.3%

7.0%

7.2%

Upcoming Economic Events that affect the CHF, EUR, GBP and USD

Date

Time

Currency

Event

Previous

Aug 14

1:30

AUD

NAB Business Confidence

-3

1:30

AUD

New Motor Vehicle Sales m/m

-0.6%

5:30

EUR

French Prelim GDP q/q

0.0%

6:00

EUR

German Prelim GDP q/q

0.5%

6:45

EUR

French Prelim Non-Farm Payrolls q/q

0.1%

7:15

CHF

PPI m/m

-0.3%

9:00

EUR

German ZEW Economic Sentiment

-19.6

9:00

EUR

Flash GDP q/q

0.0%

9:00

EUR

Industrial Production m/m

0.6%

9:00

EUR

ZEW Economic Sentiment

-22.3

12:30

USD

Core Retail Sales m/m

-0.4%

12:30

USD

PPI m/m

0.1%

12:30

USD

Retail Sales m/m

-0.5%

14:00

USD

Business Inventories m/m

0.3%

Aug 15

0:30

AUD

Westpac Consumer Sentiment

3.7%

1:30

AUD

Wage Price Index q/q

0.9%

12:30

USD

Core CPI m/m

0.2%

12:30

USD

Empire State Manufacturing Index

7.4

13:00

USD

TIC Long-Term Purchases

55.0B

13:15

USD

Capacity Utilization Rate

78.9%

13:15

USD

Industrial Production m/m

0.4%

14:30

USD

Crude Oil Inventories

-3.7M

Aug 16

1:00

AUD

MI Inflation Expectations

3.3%

9:00

CHF

ZEW Economic Expectations

-42.5

9:00

EUR

CPI y/y

2.4%

12:30

USD

Building Permits

0.76M

12:30

USD

Unemployment Claims

361K

12:30

USD

Housing Starts

0.76M

14:00

USD

Philly Fed Manufacturing Index

-12.9

Aug 17

6:00

EUR

German PPI m/m

-0.4%

8:00

EUR

Current Account

10.9B

13:55

USD

Prelim UoM Consumer Sentiment

72.3

Government Bond Auctions

Date Time Country

Aug 13 09:10 Italy

Aug 13 09:10 Norway

Aug 13 09:30 Germany

Aug 14 09:10 Greece

Aug 14 09:10 Italy

Aug 14 09:30 Belgium

Aug 14 14:30 UK

Aug 15 09:10 Sweden

Aug 16 09:30 UK

Aug 16 15:00 US

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Originally posted here