Silver Fundamental Analysis August 22, 2012, Forecast

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Analysis and Recommendations:

Silver is trading at 29.263, Taking cues from rise in gold prices along with upside in the base metals complex, Spot silver prices increased by 0.5 percent today. Additionally, weakness in the DX also acted as a positive factor for the white metal prices.

Comments from the Chinese Premier today, made the possibility of monetary stimulus more positive, the question is no longer will they, just when they will and for how much, which has stirred all the commodity and currency prices.

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 22, 2012 actual v. forecast

Date

 

Currency

 

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Aug. 21

 

AUD

 

 

 

Monetary Policy Meeting Minutes 

 

 

 

 

 

 

 

 

 

NZD

 

 

 

Inflation Expectations (QoQ) 

2.3%

 

 

 

2.4% 

 

 

 

 

HKD

 

 

 

Hong Kong CPI (YoY) 

1.60%

 

3.40% 

 

3.70% 

 

 

 

 

GBP

 

 

 

CBI Industrial Trends Orders 

-21

 

-8 

 

-6 

 

 

 

 

CAD

 

 

 

Wholesale Sales (MoM) 

-0.1%

 

0.4% 

 

0.9% 

  

 

 

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

Aug 22

7:00am

CHF

Trade Balance

2.10B

 
 

8:00am

EUR

French Flash Manufacturing PMI

43.8

2.25B

 

8:00am

EUR

French Flash Services PMI

50.1

43.4

Aug 23

8:30am

EUR

German Flash Manufacturing PMI

43.6

50.0

 

8:30am

EUR

German Flash Services PMI

50.2

43.0

 

9:00am

EUR

Flash Manufacturing PMI

44.3

50.3

 

9:00am

EUR

Flash Services PMI

47.9

44.0

 

9:30am

GBP

BBA Mortgage Approvals

28.2K

47.9

 

11:00am

GBP

CBI Realized Sales

16

26.3K

 

1:30pm

USD

Unemployment Claims

365K

11

 

2:00pm

USD

Flash Manufacturing PMI

51.3

366K

 

3:00pm

USD

New Home Sales

362K

51.4

 

9:30am

GBP

Revised GDP q/q

-0.5%

350K

 

9:30am

GBP

Prelim Business Investment q/q

2.8%

-0.7%

 

1:30pm

USD

Core Durable Goods Orders m/m

0.5%

1.9%

Aug 24

1:30pm

USD

Durable Goods Orders m/m

2.8%

-1.4%

 

2:00pm

EUR

Belgium NBB Business Climate

-10.8

1.3%

      

Government Bond Auctions

Date  Time  Country 

21/8  10:30  Spain

21/8  12:00  EFSF 

22/8  11:30  Germany 

22/8  11:10  Sweden 

23/8  05:45  Japan 

23/8  11:30  UK 

23/8  19:00  US 

27/8  11:30  Germany 

28/8  10:30  Spain

28/8  11:00  Italy 

28/8  19:00  US 

29/8  11:00  Italy 

29/8  19:00  US 

30/8  05:35  Japan

30/8  11:00  Italy 

30/8  19:00  US

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About:FX Empire Analyst - Barry Norman

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