By FXEmpire.com

Analysis and Recommendations:

Silver followed in the wake of gold, falling 0.046 to trade at 28.32. Silver was up in early electronic trading and was also expected to trade sideways today, ahead of the Fed announcements, but with the risk on environment, investors moved out of the metal to other assets. Markets still wait for the Fed releases later today.

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 for June 20, 2012 actual. v. forecast

Date

Currency

Event

Actual

Forecast

Previous

JPY

Trade Balance

-0.66T

-0.36T

-0.51T

GBP

Average Earnings Index +Bonus

1.4%

0.8%

0.9%

GBP

Claimant Count Change

8.1K

-3.0K

-12.8K

USD

Interest Rate Decision

0.25%

0.25%

USD

FOMC Statement

USD

Fed Chairman Bernanke Speaks

Upcoming Economic Events that affect the CHF, EUR, GBP and USD

Date

Time

Currency

Event

Forecast

Previous

Jun 21

6:00

CHF

Trade Balance

1.33B

7:00

EUR

French Flash Manufacturing PMI

44.7

7:00

EUR

French Flash Services PMI

45.1

7:15

CHF

Industrial Production q/q

7.9%

7:30

EUR

German Flash Manufacturing PMI

45.2

7:30

EUR

German Flash Services PMI

51.8

8:00

EUR

Current Account

9.1B

8:00

EUR

Flash Manufacturing PMI

45.1

8:00

EUR

Flash Services PMI

46.7

8:30

GBP

Retail Sales m/m

-2.3%

10:00

GBP

CBI Industrial Order Expectations

-17

12:30

USD

Unemployment Claims

386K

13:00

USD

Flash Manufacturing PMI

54.0

14:00

USD

Existing Home Sales

4.62M

14:00

USD

Philly Fed Manufacturing Index

-5.8

Jun 22

8:00

EUR

German Ifo Business Climate

106.9

All Day

EUR

ECOFIN Meetings

13:00

EUR

Belgium NBB Business Climate

-11.2

Upcoming Government Bond Auctions

Date Time Country

Jun 21 08:30 Spain

Jun 21 08:50 France

Jun 21 09:30 UK

Jun 21 09:50 France

Jun 21 15:00 US

Jun 21 17:00 US

Jun 22 15:30 Italy

Jun 25 09:10 Norway

Jun 25 09:30 Germany

Jun 25 10:00 Belgium

Jun 25 15:30 Italy

Jun 26 00:30 Japan

Jun 26 08:30 Holland

Jun 26 08:30 Spain

Jun 26 09:10 Italy

Jun 26 09:30 UK

Jun 26 14:30 UK

Jun 26 17:00 US

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Originally posted here