Silver Fundamental Analysis August 28, 2012, Forecast

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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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