By FXEmpire.com

Analysis and Recommendations:

Silver was surprisingly active today, falling 0.465 to trade at 28.25. Spot Silver declined by 0.9 percent today.

The base metals pack traded on a mixed note today on account of rise in LME inventories along with uncertain and mixed global market sentiments. Although China has pledged to boost the economy, the response to this was rather muted due to uncertainty on the European economic front.

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 May 21, 2012 actual v. forecast

Date

Time

Currency

Importance

Event

Actual

Forecast

Previous

May 21

00:01

GBP

Rightmove House Price Index (MoM)

0.0%

2.9%

06:45

CHF

SECO Consumer Climate

-8

-15

-19

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

May 22

8:30

GBP

CPI y/y

3.5%

8:30

GBP

Public Sector Net Borrowing

15.9B

8:30

GBP

RPI y/y

3.6%

TBD

GBP

BOE Inflation Letter

14:00

USD

Existing Home Sales

4.48M

May 23

8:00

EUR

Current Account

-1.3B

8:30

GBP

MPC Meeting Minutes

0-0-9

TBD

EUR

Industrial New Orders m/m

-1.2%

10:00

GBP

CBI Industrial Order Expectations

-8

TBD

GBP

Inflation Report Hearings

14:00

USD

New Home Sales

328K

14:30

USD

Crude Oil Inventories

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Originally posted here