By FXEmpire.com
Analysis and Recommendations:
Silver gained today moving up to trade at 28.22. Silver added 0.704 and is heading above to 30.00 price level. Silver continues to take its clues from Gold and also the high price of the USD. On the domestic front, silver prices increased by 0.6 percent.
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 May 24, 2012 actual v. forecast
|
Date |
Time |
Currency |
Event |
Actual |
Forecast |
Previous |
|
May 24 |
03:30 |
CNY |
Chinese HSBC Mfg PMI |
48.70 |
49.30 |
|
|
07:00 |
EUR |
German GDP (QoQ) |
0.5% |
0.5% |
0.5% |
|
|
07:00 |
EUR |
German GDP (YoY) |
1.7% |
1.7% |
1.7% |
|
|
07:58 |
EUR |
French Manufacturing PMI |
44.4 |
47.0 |
46.9 |
|
|
08:28 |
EUR |
German Manufacturing PMI |
45.0 |
47.0 |
46.2 |
|
|
09:00 |
EUR |
German Ifo Business Climate |
106.9 |
109.4 |
109.9 |
|
|
09:00 |
EUR |
Manufacturing PMI |
45.0 |
46.1 |
45.9 |
|
|
09:00 |
EUR |
German Current Assessment |
113.3 |
117.4 |
117.5 |
|
|
09:00 |
EUR |
German Business Expectations |
100.9 |
102.0 |
102.7 |
|
|
09:30 |
GBP |
BBA Mortgage Approvals |
32.4K |
32.3K |
31.9K |
|
|
09:30 |
GBP |
Business Investment (QoQ) |
3.6% |
3.2% |
-3.3% |
|
|
09:30 |
GBP |
GDP (QoQ) |
-0.3% |
-0.2% |
-0.2% |
|
|
09:30 |
GBP |
GDP (YoY) |
-0.1% |
0.0% |
0.0% |
|
|
13:30 |
USD |
Core Durable Goods Orders |
-0.6% |
0.9% |
-0.8% |
|
|
13:30 |
USD |
Durable Goods Orders (MoM) |
0.2% |
0.5% |
-3.7% |
|
|
13:30 |
USD |
Initial Jobless Claims |
370K |
370K |
372K |
|
|
13:30 |
USD |
Continuing Jobless Claims |
3260K |
3250K |
3289K |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
May 25 |
6:00 |
EUR |
5.6 |
|
|
7:15 |
CHF |
4.04M |
||
|
TBD |
ALL |
|||
|
13:55 |
USD |
Click here a current Silver Chart.
Originally posted here
