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Silver Fundamental Analysis December 14, 2012, Forecast
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Analysis and Recommendations: Silver tumbled to 32.543 down by 1.239 after precious metals lost its appeal today after the US Federal Reserve had pledged
Analysis and Recommendations:
Silver tumbled to 32.543 down by 1.239 after precious metals lost its appeal today after the US Federal Reserve had pledged to maintain the interest rates at record lows until the unemployment fall below 6.5 per cent and also to buy $45 billion in longer dated treasuries each month. However, the US Fed Chairman’s warning over the ‘fiscal cliff’ and deadlock existing over the same raised fears over its impact on the economy. Global commodities were trading with a weak bias. The Base metals complex was trading down nearly one per cent in LME pressured by the US fiscal woes.
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 13, 2012 actual v. forecast
|
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
|
Dec. 13 |
|
KRW |
|
|
South Korean Interest Rate Decision |
2.75% |
|
2.75% |
|
2.75% |
|
|
|
|
|
CHF |
|
|
PPI (MoM) |
0.0% |
|
-0.3% |
|
-0.1% |
|
|
|
|
|
CHF |
|
|
Interest Rate Decision |
0.00% |
|
0.00% |
|
0.00% |
|
|
|
|
|
GBP |
|
|
CBI Industrial Trends Orders |
-12 |
|
-16 |
|
-21 |
|
|
|
|
|
USD |
|
|
Core PPI (MoM) |
0.1% |
|
0.2% |
|
-0.2% |
|
|
|
|
|
USD |
|
|
Core Retail Sales (MoM) |
0.0% |
|
-0.1% |
|
0.0% |
|
|
|
|
|
USD |
|
|
PPI (MoM) |
-0.8% |
|
-0.5% |
|
-0.2% |
|
|
|
|
|
USD |
|
|
Retail Sales (MoM) |
0.3% |
|
0.5% |
|
-0.3% |
|
|
|
|
|
USD |
|
|
Initial Jobless Claims |
343K |
|
370K |
|
372K |
||
|
|
|
USD |
|
|
Continuing Jobless Claims |
3198K |
|
3210K |
|
3221K |
||
|
|
|
USD |
|
|
PPI (YoY) |
1.5% |
|
1.8% |
|
2.3% |
|
|
|
|
|
USD |
|
|
Core PPI (YoY) |
2.2% |
|
2.2% |
|
2.1% |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
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 14 11:00 Belgium
Dec 14 15:30 UK
Dec 17 10:10 Norway
Dec 17 18:00 US
Dec 18 01:30 Japan
Dec 18 09:30 Spain
Dec 18 10:10 Greece
Dec 18 18:00 US
Dec 19 18:00 US
Dec 20 10:30 UK
Dec 20 16:30 Italy
Dec 20 18:00 US
Dec 21 16:30 Italy
About the Author
Barry Normanauthor
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