Silver Fundamental Analysis September 24, 2012 Forecast
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Analysis and Recommendations:
Silver followed on the heels of gold as both precious metals and industrial metals traded in the positive range today. Silver climbed above 35.00 to trade at 35.160.
Base metals bounced backed after declining the previous session buoyed by stimulus measures from the leading central banks and China’s approval of $150 billion worth infrastructure plan. Lead gained the most rising nearly two per cent followed by zinc while Copper rebounded to its four and a half month high. Yet, the weak factory activity in US, Europe and China is likely to weigh on the sentiments.
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 September 21, 2012 actual v. forecast
|
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
|
Sep. 21 |
|
AUD |
|
|
CB Leading Index (MoM) |
0.0% |
|
|
|
0.5% |
||
|
|
|
NZD |
|
|
Credit Card Spending (YoY) |
1.0% |
|
|
|
0.1% |
|
|
|
|
|
EUR |
|
|
Dutch Consumer Spending |
-1.50 |
|
|
|
-0.50 |
||
|
|
|
GBP |
|
|
Public Sector Net Borrowing |
12.4B |
|
13.3B |
|
-1.9B |
||
|
|
|
CAD |
|
|
Core CPI (MoM) |
0.3% |
|
0.3% |
|
-0.1% |
|
|
|
|
|
CAD |
|
|
CPI (MoM) |
0.2% |
|
0.4% |
|
-0.1% |
|
|
|
|
|
CAD |
|
|
Wholesale Sales (MoM) |
-0.6% |
|
-0.1% |
|
-0.3% |
||
|
|
|
CAD |
|
|
CPI (YoY) |
1.2% |
|
1.0% |
|
1.3% |
|
|
|
|
|
EUR |
|
|
Belgium NBB Business Climate |
-11.6 |
|
-11.2 |
|
-11.8 |
|
Upcoming Economic Events that affect the EUR ( there are no USD or CAD events )
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Sep. 24 |
09:00 |
EUR |
102.1 |
102.3 |
|
|
|
09:00 |
EUR |
|
111.2 |
|
|
|
09:00 |
EUR |
|
94.2 |
Government Bond Auction
Date Time Country
Sep 24 09:10 Norway
Sep 24 09:30 Germany
Sep 24 10:00 Belgium
Sep 24 15:30 Italy
Sep 25 08:30 Holland
Sep 25 08:30 Spain
Sep 25 09:10 Italy
Sep 25 14:30 UK
Sep 25 17:00 US
Sep 26 09:10 Italy
Sep 26 09:10 Sweden
Sep 26 09:00 Germany
Sep 26 14:30 Sweden
Sep 26 17:00 US
Sep 27 00:30 Japan
Sep 27 09:10 Italy
Sep 27 17:00 US
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