By FXEmpire.com

Analysis and Recommendations:

Silver moved up over 1% today, by passing gold’s percentage of increase to trade at 28.695. Silver is a secondary safe haven but also its current price is depressed as it remains under 30.00 and with the DX falling close to 82. It is a perfect situation to purchase silver.

Investors may be very re-actionary today ahead of the Greece election and reports today may show the awful state of US industrial production and lowered confidence which may lead silver to a down side in evening. On the other hand, US treasuries inflows might rise and that is supportive for dollar

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 15, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Jun. 15

JPY

Interest Rate Decision

0.10%

0.10%

0.10%

GBP

Trade Balance

-10.1B

-8.5B

-8.7B

EUR

Employment Change (QoQ)

-0.2%

-0.2%

-0.3%

CAD

Manufacturing Sales (MoM)

-0.80%

1.00%

1.90%

USD

NY Empire State Manufacturing Index

2.3

13.0

17.1

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

Date

Time

Currency

Event

Forecast

Previous

Jun 18

18th-22nd

GBP

Nationwide Consumer Confidence

45

44

Day 1

ALL

G20 Meetings

Jun 19

8:30

GBP

CPI y/y

3.0%

9:00

EUR

ZEW Economic Sentiment

-2.4

12:30

USD

Building Permits

0.72M

12:30

USD

Housing Starts

0.72M

Day 2

ALL

G20 Meetings

Jun 20

6:00

EUR

German PPI m/m

0.2%

8:30

GBP

Claimant Count Change

-13.7K

8:30

GBP

MPC Meeting Minutes

0-0-9

0-0-9

8:30

GBP

Unemployment Rate

8.2%

9:00

CHF

ZEW Economic Expectations

-4.0

14:30

USD

Crude Oil Inventories

-0.2M

16:30

USD

FOMC Statement

16:30

USD

Federal Funds Rate

18:00

USD

FOMC Economic Projections

18:15

USD

FOMC Press Conference

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

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Originally posted here