Silver Fundamental Analysis September 26, 2012 Forecast

Posted September 25, 2012 12:50 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Analysis and Recommendations:

Silver followed in gold’s shadows, moving up to 34.283. , Spot silver prices increased around 0.3 percent today. However, stronger DX capped sharp gains in the white metal prices. The base metals pack traded on a positive note today on account of mixed global market sentiments along with decline in LME inventories apart from Copper. However, a stronger DX restricted further positive movement in the prices.

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 25, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Sep. 25

AUD

RBA Financial Stability Review

EUR

GfK German Consumer Climate

5.9

5.9

PLN

Polish Unemployment Rate

12.40%

12.30%

GBP

BBA Mortgage Approvals

30.5K

28.6K

28.8K

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

Date	Time	Currency	Event	Forecast	Previous
Sep. 26	01:00	EUR	German CPI (MoM)	-0.1%	0.4%
	01:00	EUR	German CPI (YoY)	2.0%	2.1%
	11:00	GBP	CBI Distributive Trades Survey	5	-3
Sep. 27	08:55	EUR	German Unemployment Rate	6.8%	6.8%
	08:55	EUR	German Unemployment Change	10K	9K
	09:30	GBP	Current Account	-12.4B	-11.2B
	09:30	GBP	GDP (QoQ)	-0.5%	-0.5%
	09:30	GBP	GDP (YoY)	-0.5%	-0.5%
Sep. 28	07:45	EUR	French Consumer Spending (MoM)	-0.2%	0.1%
	08:00	CHF	KOF Leading Indicators	1.55	1.57

Government Bond Auction

Date Time Country

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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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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