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Silver Fundamental Analysis December 13, 2012 Forecast
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Analysis and Recommendations: Silver gained over 26cents to trade at 33.283 as positive data and an upturn in sentiment helped support the metals group
Analysis and Recommendations:
Silver gained over 26cents to trade at 33.283 as positive data and an upturn in sentiment helped support the metals group today. Monetary stimulus measures to bolster economic growth and bring down unemployment rates helped strengthen precious metals today. Euro inched further higher while the US dollar weakened against the major peers. Gold rose slightly though was caught in thin ranges and so was spot silver as investors choose to stay on the sidelines prior to the rate announcement.
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 12, 2012 actual v. forecast
|
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
|
Dec. 12 |
|
AUD |
|
|
RBA Governor Stevens Speaks |
|
|
|
|
|
|
|
|
|
|
INR |
|
|
Indian Industrial Production (YoY) |
8.2% |
|
4.5% |
|
-0.7% |
||
|
|
|
EUR |
|
|
German CPI (MoM) |
-0.1% |
|
-0.1% |
|
-0.1% |
|
|
|
|
|
EUR |
|
|
German CPI (YoY) |
1.9% |
|
1.9% |
|
1.9% |
|
|
|
|
|
EUR |
|
|
French CPI (MoM) |
-0.2% |
|
0.0% |
|
0.1% |
|
|
|
|
|
ZAR |
|
|
South African CPI (MoM) |
0.20% |
|
0.20% |
|
0.60% |
|
|
|
|
|
GBP |
|
|
Average Earnings Index +Bonus |
1.8% |
|
1.9% |
|
1.8% |
|
|
|
|
|
GBP |
|
|
Claimant Count Change |
-3.0K |
|
7.0K |
|
6.0K |
||
|
|
|
EUR |
|
|
Industrial Production (MoM) |
-1.4% |
|
0.2% |
|
-2.3% |
||
|
|
|
USD |
|
|
Import Price Index (MoM) |
-0.9% |
|
-0.5% |
|
0.3% |
||
|
|
|
MXN |
|
|
Mexican Industrial Production (YoY) |
3.6% |
|
3.6% |
|
2.3% |
||
|
|
|
USD |
|
|
Interest Rate Decision |
|
|
0.25% |
|
0.25% |
|
|
|
|
|
USD |
|
|
FOMC Statement |
|
|
|
|
|
|
|
|
|
|
USD |
|
|
10-Year Note Auction |
|
|
|
|
1.675% |
|
|
|
|
|
USD |
|
|
Federal Budget Balance |
|
|
-150.0B |
|
-120.0B |
|
|
|
|
|
USD |
|
|
Fed Chairman Bernanke Speaks |
|
|
|
|
|
|
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
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 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
About the Author
Barry Normanauthor
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