By FXEmpire.com
Analysis and Recommendations:
Silver is trading post Bernanke at 27.078 down 0.243. Industrial metals and precious metals were down after Bernanke and on global growth revisions from the IMF. Markets had pinned their hopes on additional stimulus from the central bank after growth was revised slightly downward yesterday.
With contractions in China, and lower demand, the metals pack fell today, dragging silver down with it.
Gold also fell after earlier gains.
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 Reported on July 17, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jul. 17 |
AUD |
Monetary Policy Meeting Minutes |
|||
|
GBP |
Core CPI (YoY) |
2.1% |
2.3% |
2.2% |
|
|
GBP |
CPI (YoY) |
2.4% |
2.8% |
2.8% |
|
|
GBP |
CPI (MoM) |
-0.4% |
-0.1% |
-0.1% |
|
|
EUR |
German ZEW Economic Sentiment |
-19.6 |
-20.0 |
-16.9 |
|
|
EUR |
ZEW Economic Sentiment |
-22.3 |
-28.0 |
-20.1 |
|
|
GBP |
BoE Gov King Speaks |
||||
|
USD |
Core CPI (MoM) |
0.2% |
0.2% |
0.2% |
|
|
USD |
CPI (MoM) |
0.0% |
-0.1% |
-0.3% |
|
|
Manufacturing Sales (MoM) |
-0.40% |
1.00% |
-1.10% |
||
|
USD |
CPI (YoY) |
1.7% |
1.6% |
1.7% |
|
|
USD |
Core CPI (YoY) |
2.2% |
2.2% |
2.3% |
|
|
CAD |
Interest Rate Decision |
1.00% |
1.00% |
1.00% |
|
|
USD |
TIC Net Long-Term Transactions |
55.0B |
45.7B |
27.2B |
|
|
USD |
Industrial Production (MoM) |
0.4% |
0.3% |
-0.2% |
|
|
USD |
Fed Chairman Bernanke Testifies |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jul 18 |
8:30 |
GBP |
Claimant Count Change |
8.1K |
|
8:30 |
GBP |
Unemployment Rate |
8.2% |
|
|
9:00 |
CHF |
ZEW Economic Expectations |
-43.4 |
|
|
12:30 |
USD |
Building Permits |
0.78M |
|
|
12:30 |
USD |
Housing Starts |
0.71M |
|
|
14:30 |
USD |
Crude Oil Inventories |
-4.7M |
|
|
Jul 19 |
6:00 |
CHF |
Trade Balance |
2.48B |
|
8:00 |
EUR |
Current Account |
4.6B |
|
|
8:30 |
GBP |
Retail Sales m/m |
1.4% |
|
|
12:30 |
USD |
Unemployment Claims |
||
|
14:00 |
USD |
Existing Home Sales |
4.55M |
|
|
14:00 |
USD |
Philly Fed Manufacturing Index |
-16.6 |
|
|
Jul 20 |
6:00 |
EUR |
German PPI m/m |
-0.3% |
|
8:30 |
GBP |
Public Sector Net Borrowing |
15.6B |
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Originally posted here
