By FXEmpire.com
Analysis and Recommendations:
Silver is trading up at 26.962 after a severe fall yesterday. Precious metals as well as industrial metals are trading strong today. Silver rebounded slightly from yesterday decline, but was still weak in today’s session. Whereas gold has seen small gains and losses throughout the day with no real direction
The base metals complex traded on a positive on the back of weakness in the DX along with decline in LME inventories. Copper, the leader of the base metals group gained around 0.4 percent on account of decline in LME copper inventories by 0.4 percent which stood at 252,350 tonnes
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 July 11, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jul. 11 |
AUD |
RBA Assist Gov Lowe Speaks |
|||
|
KRW |
South Korean Unemployment Rate |
3.2% |
3.2% |
3.2% |
|
|
JPY |
Tertiary Industry Activity Index (MoM) |
0.7% |
0.2% |
-0.2% |
|
|
AUD |
Westpac Consumer Sentiment |
3.70% |
0.30% |
||
|
AUD |
Home Loans (MoM) |
-1.2% |
0.7% |
0.5% |
|
|
EUR |
German CPI (MoM) |
-0.1% |
-0.1% |
-0.1% |
|
|
EUR |
German CPI (YoY) |
1.7% |
1.7% |
1.7% |
|
|
EUR |
German 10-Year Bund Auction |
1.310% |
1.520% |
||
|
Trade Balance |
-0.8B |
-1.0B |
-0.6B |
||
|
USD |
Trade Balance |
-48.7B |
-48.5B |
-50.6B |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jul 12 |
9:00 |
EUR |
-0.8% |
|
|
12:30 |
USD |
|||
|
12:30 |
USD |
-1.0% |
||
|
18:00 |
USD |
-124.6B |
||
|
7:15 |
CHF |
-0.2% |
||
|
Jul 13 |
12:30 |
USD |
-1.0% |
|
|
13:55 |
USD |
73.2 |
Government Bond Auctions
Date Time Country
Jul 12 09:10 Italy
Jul 12 09:30 UK
Jul 12 15:00 US
Jul 12 17:00 US
Jul 13 09:10 Italy
Jul 13 10:00 Belgium
Click here for further Silver Forecast.
Originally posted here
