By FXEmpire.com
Analysis and Recommendations:
Silver is trading at 28.43 down 0.518, which surprised the markets. It decoupled from gold and lost 1.79% in today’s session, it seems that investors could not see the shiny metal breaking back through the 30.00 price and took their profits.
With the DX still high in the early part of the day, Silver was up over 0.3% sparking a selloff, as the greenback fell in later trading, it did not stimulate a return to the markets. Silver is expected to remain depressed as investors move to the sidelines awaiting results from Greece and the upcoming FOMC meetings.
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 June 14, 2012 actual v. forecast
|
Date |
Time |
Event |
Actual |
Forecast |
Previous |
|
Jun. 14 |
05:30 |
Industrial Production (MoM) |
-0.2% |
0.2% |
0.2% |
|
08:30 |
Interest Rate Decision |
0.00% |
0.00% |
0.00% |
|
|
08:30 |
SNB Chairman Thomas Jordan speaks |
||||
|
09:00 |
ECB Monthly Report |
||||
|
10:00 |
CPI (YoY) |
2.4% |
2.4% |
2.4% |
|
|
10:00 |
Core CPI (YoY) |
1.6% |
1.6% |
1.6% |
|
|
13:30 |
Core CPI (MoM) |
0.2% |
0.2% |
0.2% |
|
|
13:30 |
CPI (MoM) |
-0.3% |
-0.2% |
0.0% |
|
|
13:30 |
Current Account |
-137.3B |
-132.3B |
-118.7B |
|
|
13:30 |
Initial Jobless Claims |
386K |
375K |
380K |
|
|
13:30 |
Continuing Jobless Claims |
3278K |
3269K |
3311K |
|
|
13:30 |
CPI (YoY) |
1.7% |
1.8% |
2.3% |
|
|
13:30 |
Core CPI (YoY) |
2.3% |
2.2% |
2.3% |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jun 15 |
8:30 |
GBP |
-8.6B |
|
|
12:30 |
USD |
17.1 |
||
|
13:00 |
USD |
36.2B |
||
|
13:15 |
USD |
79.2% |
||
|
13:15 |
USD |
1.1% |
||
|
13:55 |
USD |
79.3 |
Click here to read Silver Technical Analysis.
Originally posted here
