Gold Fundamental Analysis December 13, 2012 Forecast

Analysis and Recommendations:

Gold inched it way back to gains today to trade at 1717.55 – Leading into the Fed decision, markets are somewhat range bound but all biased towards adding risk into portfolios. Gold has been little changed as markets wait to see the volume of the QE4 to be implemented by the Feds. Gold held steady as traders kept away from taking fresh positions ahead of the outcome of the key US Federal Reserve policy meeting ending later today. US Fed is expected to unveil more bond buying measures in the meeting to pump more money into the economy to trim down unemployment. Negotiations between the US White House and Republicans to avert the $600 billion tax hike and spending cut starting from next year has made some progress and provided confidence to the investors earlier.  After a surprise rise in German business sentiment data, euro recovered swiftly where as the dollar index held steady.

US Dollar Index (DX) declined 0.4 percent. The index traded in the negative territory due to rise in the risk appetite of the market participants on optimism that US Federal might announce stimulus package to boost the economy.

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 December 12, 2012 actual v. forecast

 

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

Government Bond Auction

Date Time Country 

Dec 13 01:30 Japan 

Dec 13 09:30 Spain 

Dec 13 10:10 Italy  

Dec 13 10:30 UK 

Dec 13 16:00 US 

Dec 13 18:00 US 

Dec 14 11:00 Belgium 

Dec 14 15:30 UK