Silver Fundamental Analysis October 12, 2012 Forecast

Posted October 12, 2012 8:25 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Silver Fundamental Analysis October 12, 2012 Forecast

Analysis and Recommendations:

Silver climbed to trade at 34.113 after positive eco data showed a drop in unemployment claims in the US. A more positive sentiment in global markets helped push silver up today, as traders took comfort in positive jobs data from the US to move to more risk assets. Also the better than expected report supports the notion that the US economy is now back in growth and rebound more. Supporting the metals on both sides, precious and industrial.

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.

Economic Data October 11, 2012 actual v. forecast

Date	Currency	Event	Actual	Forecast	Previous
Oct. 11	JPY	Monetary Policy Meeting Minutes
	AUD	Employment Change	14.5K	3.8K	-9.1K
	AUD	Unemployment Rate	5.4%	5.3%	5.1%
	KRW	South Korean Interest Rate Decision	2.75%	2.75%	3.00%
	EUR	German CPI (MoM)	0.0%	0.0%	0.4%
	EUR	German CPI (YoY)	2.0%	2.0%	2.1%
	INR	Indian Trade Balance	-18.1B		-15.6B
	EUR	French CPI (MoM)	-0.3%	0.1%	0.7%
	HUF	Hungarian CPI (YoY)	6.6%	6.4%	6.0%
	SEK	Swedish CPI (YoY)	0.4%	0.7%	0.7%
	EUR	ECB Monthly Report
	USD	Import Price Index (MoM)	1.1%	0.7%	1.1%
	CAD	Trade Balance	-1.3B	-2.0B	-2.5B
	USD	Trade Balance	-44.2B	-44.0B	-42.5B
	USD	Initial Jobless Claims	339K	370K	369K
	USD	Continuing Jobless Claims	3273K	3275K	3288K

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

Date	Time	Currency	Event	Forecast	Previous
Oct. 12	10:00	EUR	Industrial Production (MoM)	-0.4%	0.6%
	13:30	USD	Core PPI (MoM)	0.2%	0.2%
	13:30	USD	PPI (MoM)	0.8%	1.7%
	14:55	USD	Michigan Consumer Sentiment	77.9	78.3

Government Bond Auction

Date Time Country

Oct 12 09:30 Germany

Oct 12 10:00 Belgium

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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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srinivas bhat

technically silver always bearish in month of october. it very bullish in month of november, so do we buy more silver now ?
am not very clear about fundamental of silver.so plz assist me about the long in silver commodity market.
many news letter wee revealin that in comming months growth rate of silver is more than gold.
so invest in silver is more better than gold or not?