By FXEmpire.com
Analysis and Recommendations:
Silver prices declined 0.38 percent to trade at 27.98 tracing spot gold and base metals prices along with strength in the DX. The white metal touched an intra-day low of $27.86/oz and was hovering around
The base metals pack traded lower today on the back of rise in risk aversion in the global markets. Additionally, a stronger DX also exerted downside pressure on the prices
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 August 8, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Aug. 08 |
JPY |
Adjusted Current Account |
0.77T |
0.75T |
0.28T |
|
AUD |
Home Loans (MoM) |
1.3% |
2.0% |
-0.9% |
|
|
CHF |
SECO Consumer Climate |
-17 |
-4 |
-8 |
|
|
GBP |
BoE Inflation Report |
||||
|
EUR |
German 10-Year Bund Auction |
1.420% |
1.310% |
||
|
EUR |
German Industrial Production (MoM) |
-0.9% |
-0.8% |
1.7% |
|
|
USD |
Nonfarm Productivity (QoQ) |
1.6% |
1.3% |
-0.5% |
|
|
USD |
Unit Labor Costs (QoQ) |
1.7% |
0.6% |
5.6% |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Aug 9 |
8:00 |
EUR |
||
|
8:30 |
GBP |
-8.4B |
||
|
12:30 |
USD |
-48.7B |
||
|
12:30 |
USD |
|||
|
Aug 10 |
6:45 |
EUR |
-1.9% |
|
|
8:30 |
GBP |
-2.2% |
||
|
12:30 |
USD |
-2.7% |
||
|
18:00 |
USD |
-59.7B |
Government Bond Auctions
Date Time Country
Aug 09 15:30 Italy
Aug 09 17:00 US
Aug 10 10:00 Belgium
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
Click here to read Silver Technical Analysis.
Originally posted here
