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Silver Fundamental Analysis December 17, 2012, Forecast
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Analysis and Recommendations: Silver added 18.5 cents to trade at 32.50 as positive Chinese data helped boost the demand for industrial metals. Precious
Silver added 18.5 cents to trade at 32.50 as positive Chinese data helped boost the demand for industrial metals. Precious metals are weak as traders seek risk, while the metals pack continued to climb as demand increased. Markets are settling after the FOMC announced additional monetary stimulus and the US dollar begins to recover slightly.
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 14, 2012 actual v. forecast
|
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
|
Dec. 14 |
|
CNY |
|
|
Chinese HSBC Manufacturing PMI |
50.90 |
|
|
|
50.50 |
|
|
|
|
|
JPY |
|
|
Industrial Production (MoM) |
1.6% |
|
1.8% |
|
1.8% |
|
|
|
|
|
EUR |
|
|
French Manufacturing PMI |
44.6 |
|
45.0 |
|
44.5 |
|
|
|
|
|
EUR |
|
|
German Manufacturing PMI |
46.3 |
|
47.2 |
|
46.8 |
|
|
|
|
|
EUR |
|
|
Manufacturing PMI |
46.3 |
|
46.6 |
|
46.2 |
|
|
|
|
|
EUR |
|
|
CPI (YoY) |
2.2% |
|
2.2% |
|
2.2% |
|
|
|
|
|
EUR |
|
|
Employment Change (QoQ) |
-0.2% |
|
0.0% |
|
0.0% |
|
|
|
|
|
EUR |
|
|
Core CPI (YoY) |
1.4% |
|
1.5% |
|
1.5% |
|
|
|
|
|
USD |
|
|
Core CPI (MoM) |
0.1% |
|
0.2% |
|
0.2% |
|
|
|
|
|
USD |
|
|
CPI (MoM) |
-0.3% |
|
-0.2% |
|
0.1% |
|
|
|
|
|
CAD |
|
|
Manufacturing Sales (MoM) |
-1.40% |
|
0.00% |
|
0.40% |
|
|
|
|
|
USD |
|
|
CPI (YoY) |
1.8% |
|
1.9% |
|
2.2% |
|
|
|
|
|
USD |
|
|
Core CPI (YoY) |
1.9% |
|
2.0% |
|
2.0% |
|
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Dec. 17 |
13:30 |
USD |
-0.5 |
-5.2 |
|
|
|
14:00 |
USD |
|
3.3B |
Government Bond Auction
Date Time Country
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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