Silver Fundamental Analysis August 28, 2012, Forecast

Posted August 27, 2012 16:01 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Analysis and Recommendations:

Silver is trading at 31.017 continuing to gain today, adding 0.308. Silver marched to its own drummer trading up in a quiet day while gold dipped 0.11%. Silver shot up to its highest levels since April. However, proportionate rise in Gold and Silver were also being reported with the gold ETF’s holdings tracked by Reuters touched a record high above 71.4 million ounces.

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 27, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Aug. 27

SEK

Swedish Retail Sales (MoM)

0.30%

0.20%

-0.30%

EUR

German Ifo Business Climate Index

102.3

102.6

103.2

EUR

German Current Assessment

111.2

110.8

111.5

EUR

German Business Expectations

94.2

95.0

95.5

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

Date	Time	Currency	Event	Previous
Aug. 28	07:00	EUR	GfK German Consumer Climate	5.9
	15:00	USD	CB Consumer Confidence	65.9
Aug. 29	01:00	EUR	German CPI (MoM)	0.4%
	01:00	EUR	German CPI (YoY)	1.7%

Government Bond Auctions

Date Time Country

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

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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