Silver Fundamental Analysis July 13, 2012, Forecast

Analysis and Recommendations:

Silver is trading at 26.663 off 0.470 as precious metals fell today after the minutes of the Federal Reserve’s most recent meeting did not indicate U.S. policymakers were gearing up to take additional action to stimulate growth, thereby lessening the chances of a boost for the bullion price.

Industrial metals slipped also as markets remained cautious ahead of the release of second quarter economic growth figures from China and as sentiment soured after the U.S. Federal Reserve dampened speculation of further stimulus measures in the short-term. Gold also fell in today’s session, trading at midway at 1559.75 off over 15.00

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 13, 2012 actual v. forecast

Date	Currency	Event	Actual	Forecast	Previous
Jul. 12	AUD	RBA Assist Gov Lowe Speaks
KRW	South Korean Interest Rate Decision	3.00%	3.25%	3.25%
AUD	Employment Change	-27.0K	0.3K	27.9K
AUD	Unemployment Rate	5.2%	5.2%	5.1%
JPY	Interest Rate Decision	0.10%	0.10%	0.10%
EUR	French CPI (MoM)	0.0%	-0.1%	-0.1%
JPY	BoJ Press Conference
EUR	Industrial Production (MoM)	0.6%	-0.1%	-1.1%
USD	Import Price Index (MoM)	-2.7%	-1.7%	-1.0%
USD	Initial Jobless Claims	350K	372K	374K
USD	Continuing Jobless Claims	3304	3300K	3306K