Silver Fundamental Analysis August 1, 2012, Forecast

Posted July 31, 2012 16:19 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Analysis and Recommendations:

Silver is trading at 28.068 adding 0.035 bucking the trend, as investors pre-positioned themselves before the FOMC statement on Wednesday and hopes of monetary stimulus from the US, which will be followed by the ECB on Thursday.

Markets are hoping that the additional stimulus will boost the economies around the globe and silver will prosper from industrial and precious metals.

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 recent analysis and information in our weekly reports and we provide daily updates and outlooks.

Upcoming Economic Events that affect the USD

Date	Time	Currency	Event	Forecast	Previous
Aug 1	12:15	USD	ADP Non-Farm Employment Change		176K
	14:00	USD	ISM Manufacturing PMI		49.7
	14:30	USD	Crude Oil Inventories		2.7M
	18:15	USD	FOMC Statement
	18:15	USD	Federal Funds Rate	<0.25%	<0.25%
Aug 2	12:30	USD	Unemployment Claims		353K
	14:00	USD	Factory Orders m/m		0.7%
Aug 3	12:30	USD	Non-Farm Employment Change		80K
	12:30	USD	Unemployment Rate		8.2%
	12:30	USD	Average Hourly Earnings m/m		0.3%
	14:00	USD	ISM Non-Manufacturing PMI		52.1

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About: FX Empire Analyst - Barry Norman

Barry produces a private Daily Market Review newsletter that is distributed around the globe to over 25,000 subscribers and recently published a book on Options Trading that is available from amazon.com

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