Silver Fundamental Analysis August 15, 2012, Forecast
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Analysis and Recommendations:
Silver is trading at 27.730 off by 0.037 in today’s session.
In what was a fairly quiet day for the metals pack, poor eco data continued to flow from the eurozone, supporting a downward forecast in growth and production and therefore a lower demand for metals.
Precious metals followed cues from gold and mostly held pat until late in the day after a long list of positive US eco reports helped the US change course.
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 August 14, 2012 actual v. forecast
|
Date |
Time |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
Aug. 14 |
00:01 |
|
GBP |
|
|
RICS House Price Balance |
-24% |
|
-23% |
|
-22% |
|
|
|
00:50 |
|
JPY |
|
|
Tertiary Industry Activity Index (MoM) |
0.1% |
|
-0.3% |
|
0.9% |
|
|
|
02:30 |
|
AUD |
|
|
NAB Business Confidence |
4 |
|
|
|
-3 |
|
|
|
06:30 |
|
EUR |
|
|
French CPI (MoM) |
-0.4% |
|
-0.2% |
|
0.0% |
|
|
|
06:30 |
|
EUR |
|
|
French GDP (QoQ) |
0.0% |
|
-0.1% |
|
0.0% |
|
|
|
07:00 |
|
EUR |
|
|
German GDP (QoQ) |
0.3% |
|
0.2% |
|
0.5% |
|
|
|
07:00 |
|
EUR |
|
|
German GDP (YoY) |
0.5% |
|
1.0% |
|
1.7% |
|
|
|
07:45 |
|
EUR |
|
|
French Non-Farm Payrolls (QoQ) |
-0.1% |
|
-0.1% |
|
0.1% |
|
|
|
08:15 |
|
CHF |
|
|
PPI (MoM) |
-0.3% |
|
-0.2% |
|
-0.3% |
|
|
|
09:30 |
|
GBP |
|
|
Core CPI (YoY) |
2.3% |
|
2.1% |
|
2.1% |
|
|
|
09:30 |
|
GBP |
|
|
CPI (YoY) |
2.6% |
|
2.3% |
|
2.4% |
|
|
|
09:30 |
|
GBP |
|
|
CPI (MoM) |
0.1% |
|
-0.1% |
|
-0.4% |
|
|
|
10:00 |
|
EUR |
|
|
GDP (QoQ) |
-0.2% |
|
-0.2% |
|
0.0% |
|
|
|
10:00 |
|
EUR |
|
|
German ZEW Economic Sentiment |
-25.5 |
|
-19.3 |
|
-19.6 |
|
|
|
10:00 |
|
EUR |
|
|
Industrial Production (MoM) |
-0.6% |
|
-0.7% |
|
0.9% |
|
|
|
10:00 |
|
EUR |
|
|
ZEW Economic Sentiment |
-21.2 |
|
-19.1 |
|
-22.3 |
|
|
|
13:30 |
|
USD |
|
|
Core PPI (MoM) |
0.4% |
|
0.2% |
|
0.2% |
|
|
|
13:30 |
|
USD |
|
|
Core Retail Sales (MoM) |
0.8% |
|
0.4% |
|
-0.8% |
|
|
|
13:30 |
|
USD |
|
|
PPI (MoM) |
0.3% |
|
0.2% |
|
0.1% |
|
|
|
13:30 |
|
USD |
|
|
Retail Sales (MoM) |
0.8% |
|
0.3% |
|
-0.7% |
|
|
|
13:30 |
|
USD |
|
|
PPI (YoY) |
0.5% |
|
0.5% |
|
0.7% |
|
|
|
13:30 |
|
USD |
|
|
Core PPI (YoY) |
2.5% |
|
2.3% |
|
2.6% |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Aug 15 |
12:30 |
USD |
0.2% |
|
|
12:30 |
USD |
0.2% |
||
|
12:30 |
USD |
7.4 |
||
|
13:00 |
USD |
55.0B |
||
|
13:15 |
USD |
78.9% |
||
|
13:15 |
USD |
0.4% |
||
|
14:30 |
USD |
-3.7M |
||
|
Aug 16 |
9:00 |
CHF |
-42.5 |
|
|
9:00 |
EUR |
2.4% |
||
|
12:30 |
USD |
0.76M |
||
|
12:30 |
USD |
361K |
||
|
12:30 |
USD |
0.76M |
||
|
14:00 |
USD |
-12.9 |
||
|
Aug 17 |
6:00 |
EUR |
-0.4% |
|
|
8:00 |
EUR |
10.9B |
||
|
13:55 |
USD |
72.3 |
Government Bond Auctions
Date Time Country
Aug 15 09:10 Sweden
Aug 16 09:30 UK
Aug 16 15:00 US
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