Analysis and Recommendations: Silver busted skywards today adding over 30cents to trade at 33.435 as precious metals climbed ahead of this week's FOMC
Silver busted skywards today adding over 30cents to trade at 33.435 as precious metals climbed ahead of this week’s FOMC meeting where investors are hopefully of additional stimulus and the extension of Operation Twist. Industrial metals climbed today also on the back of stronger data from China where industrial production reported well above forecast adding a positive note to a gloomy market.
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 December 9, 2012 actual v. forecast
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
Dec. 09 |
|
CNY |
|
|
Chinese CPI (YoY) |
2.0% |
|
2.1% |
|
1.7% |
|
|
|
|
CNY |
|
|
Chinese PPI (YoY) |
-2.2% |
|
-2.0% |
|
-2.8% |
|
|
|
|
CNY |
|
|
Chinese CPI (MoM) |
0.1% |
|
0.2% |
|
-0.1% |
|
|
|
|
CNY |
|
|
Chinese Fixed Asset Investment (YoY) |
20.7% |
|
20.8% |
|
20.7% |
|
|
|
|
CNY |
|
|
Chinese Industrial Production (YoY) |
10.1% |
|
9.8% |
|
9.6% |
|
|
|
|
CNY |
|
|
Chinese Retail Sales (YoY) |
14.9% |
|
14.6% |
|
14.5% |
Economic Data December 10, 2012 actual v. forecast
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
Dec. 10 |
|
AUD |
|
|
Home Loans (MoM) |
0.1% |
|
3.0% |
|
1.1% |
||
|
|
CNY |
|
|
Chinese Trade Balance |
19.60B |
|
25.70B |
|
32.00B |
|
|
|
|
DKK |
|
|
Danish CPI (YoY) |
2.30% |
|
|
|
2.30% |
|
|
|
|
NOK |
|
|
Norwegian Core Inflation (MoM) |
0.00% |
|
0.10% |
|
0.00% |
|
|
|
|
NOK |
|
|
Norwegian CPI (MoM) |
0.10% |
|
0.10% |
|
0.50% |
|
|
|
|
CAD |
|
|
Housing Starts |
|
|
201.0K |
|
204.1K |
|
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
Date |
Time |
Currency |
Event |
Forecast |
Previous |
Dec. 11 |
00:01 |
GBP |
-7% |
-7% |
|
|
10:00 |
EUR |
-12.0 |
-15.7 |
|
|
13:30 |
USD |
-42.5B |
-41.6B |
|
Dec. 12 |
07:00 |
EUR |
-0.1% |
-0.1% |
|
|
07:00 |
EUR |
1.9% |
1.9% |
|
|
07:45 |
EUR |
|
0.1% |
|
|
09:30 |
GBP |
1.9% |
1.8% |
|
|
09:30 |
GBP |
7.0K |
10.1K |
|
|
10:00 |
EUR |
0.2% |
-2.5% |
|
|
13:30 |
USD |
-0.5% |
0.5% |
|
|
19:00 |
USD |
-147.5B |
-120.0B |
|
Dec. 13 |
08:15 |
CHF |
-0.3% |
-0.1% |
|
|
11:00 |
GBP |
-16 |
-21 |
|
Dec. 14 |
07:58 |
EUR |
45.0 |
44.5 |
|
|
08:28 |
EUR |
47.2 |
46.8 |
|
|
10:00 |
EUR |
2.2% |
2.2% |
|
|
10:00 |
EUR |
|
1.5% |
Government Bond Auction
Date Time Country
Dec 11 09:30 Spain
Dec 11 10:10 Greece
Dec 11 10:15 Austria
Dec 11 10:30 Belgium
Dec 11 10:30 UK
Dec 11 18:00 US
Dec 12 10:10 Italy
Dec 12 10:10 Sweden
Dec 12 10:30 Swiss
Dec 12 16:30 US
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