Silver Fundamental Analysis September 17, 2012, Forecast
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Analysis and Recommendations:
Silver is trading at 34.675 down a few cents today, as investors took profits after silver soared to recent highs on the FOMC news.
Silver was able to capitalize on the possibility of inflation stemming from the injection of money from the Feds, which pushed the precious metal upwards. Also the increase in manufacturing and production will add demand to the metals pack, which traded strongly today, giving silver the double whammy. Markets will now focus on China, where the Premier says he will do whatever it takes to meet his 2012 forecasts including monetary stimulus and programs.
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 September 14, 2012 actual v. forecast
|
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
Sep. 14 |
|
JPY |
|
|
Industrial Production (MoM) |
-1.0% |
|
-1.2% |
|
-1.2% |
|
|
|
EUR |
|
|
CPI (YoY) |
2.6% |
|
2.6% |
|
2.6% |
|
|
|
EUR |
|
|
Employment Change (QoQ) |
0.0% |
|
-0.2% |
|
-0.2% |
|
|
|
EUR |
|
|
Core CPI (YoY) |
1.5% |
|
1.7% |
|
1.7% |
|
|
|
USD |
|
|
Core CPI (MoM) |
0.1% |
|
0.2% |
|
0.1% |
|
|
|
USD |
|
|
Core Retail Sales (MoM) |
0.8% |
|
0.6% |
|
0.8% |
|
|
|
USD |
|
|
CPI (MoM) |
0.6% |
|
0.5% |
|
0.0% |
|
|
|
CAD |
|
|
Manufacturing Sales (MoM) |
-1.50% |
|
1.00% |
|
-0.80% |
|
|
|
USD |
|
|
Retail Sales (MoM) |
0.9% |
|
0.7% |
|
0.6% |
|
|
|
USD |
|
|
CPI (YoY) |
1.7% |
|
1.7% |
|
1.4% |
|
|
|
USD |
|
|
Core CPI (YoY) |
1.9% |
|
2.0% |
|
2.1% |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
|
Event |
|
Forecast |
Previous |
|
Sep. 18 |
09:30 |
GBP |
|
|
|
2.6% |
|
|
|
09:30 |
GBP |
|
|
|
0.1% |
|
|
|
10:00 |
EUR |
|
|
-25.5 |
-25.5 |
Government Bond Auction
Date Time Country
Sep 17 09:10 Slovakia
Sep 17 10:00 Norway
Sep 18 08:30 Spain
Sep 18 09:10 Greece
Sep 18 09:30 Belgium
Sep 19 09:10 Sweden
Sep 19 09:30 Germany
Sep 19 09:30 Portugal
Sep 19 10:00 Norway
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