Silver Fundamental Analysis October 9, 2012 Forecast

Posted October 08, 2012 13:52 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
Add a comment

Category:

Fundamental Reports

Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

Silver Fundamental Analysis October 9, 2012 Forecast

Analysis and Recommendations:

Silver is trading at 33.927 following gold down off of the high perch. Precious metals fell today, along with the overall metals pack, which was weakened by the revisions to global growth by the IMF. The USD strengthened as the US economy seems to be the only bright spot these days. After positive jobs data on Friday, the US weakened as traders went for more risk, but over the weekend, problems in the Eurozone and growth moved traders back into more safety. The US added as gold and silver lost.

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 8, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Oct. 08

AUD

RBA Governor Stevens Speaks

CHF

Unemployment Rate

2.9%

3.0%

2.9%

CHF

CPI (MoM)

0.3%

0.3%

0.0%

EUR

German Industrial Production (MoM)

-0.5%

-0.8%

1.2%

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

Date	Time	Currency	Event	Forecast	Previous
Oct. 09	00:01	GBP	RICS House Price Balance	-20%	-19%
	09:30	GBP	Industrial Production (MoM)	-0.5%	2.9%
	09:30	GBP	Manufacturing Production (MoM)	-0.6%	3.2%
	09:30	GBP	Trade Balance	-8.5B	-7.2B
	09:30	GBP	Industrial Production (YoY)	-1.1%	-0.8%
Oct. 11	07:00	EUR	German CPI (YoY)	2.0%	2.0%
	07:45	EUR	French CPI (MoM)		0.7%
Oct. 12	10:00	EUR	Industrial Production (MoM)	-0.5%	0.6%

Government Bond Auction

Date Time Country

Oct 09 08:30 Holland

Oct 09 09:30 UK

Oct 09 14:30 UK

Oct 09 17:00 US

Oct 10 09:10 Italy

Oct 10 09:10 Sweden

Oct 10 09:30 Germany

Oct 10 09:30 Swiss

Oct 10 14:30 Sweden

Oct 10 17:00 US

Oct 11 09:10 Italy

Oct 11 09:10 Sweden

Oct 11 09:30 UK

Oct 11 15:00 US

Oct 11 17:00 US

Oct 12 09:30 Germany

Oct 12 10:00 Belgium

Want to read more articles like this one?

Enter your e-mail address and read FX Empire content directly from your inbox.

We value your privacy. Your e-mail address will not be shared.

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

View all of FX Empire Analyst - Barry Norman's Articles