Analysis and Recommendations: Silver climbed today, opposite gold which caught traders off guard. There was little eco data to support an improvement in
Silver climbed today, opposite gold which caught traders off guard. There was little eco data to support an improvement in industrial metals, but the possible resolution of the US financial problems helped market sentiment. Precious metals reversed course after climbing in morning trade to lose early gains .
Silver rose over 1% today to trade at 32.315 adding 0.035. The base metals in LME were swinging between positive and negative territories. LME copper edged up earlier supported by developments on the US budget deal before taking a dip.
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 18, 2012 actual v. forecast
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
Dec. 18 |
|
AUD |
|
|
Monetary Policy Meeting Minutes |
|
|
|
|
|
|
|
|
|
INR |
|
|
Indian Interest Rate Decision |
8.00% |
|
8.00% |
|
8.00% |
|
|
|
|
SEK |
|
|
Swedish Interest Rate Decision |
1.00% |
|
1.00% |
|
1.25% |
|
|
|
|
GBP |
|
|
Core CPI (YoY) |
2.6% |
|
2.7% |
|
2.6% |
|
|
|
|
GBP |
|
|
CPI (YoY) |
2.7% |
|
2.6% |
|
2.7% |
|
|
|
|
GBP |
|
|
PPI Input (MoM) |
0.1% |
|
-0.1% |
|
0.1% |
||
|
|
GBP |
|
|
CPI (MoM) |
0.2% |
|
0.2% |
|
0.5% |
|
|
|
|
GBP |
|
|
PPI Input (YoY) |
-0.3% |
|
-0.5% |
|
0.1% |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
Date |
Time |
Currency |
Event |
Forecast |
Previous |
Dec. 19 |
09:00 |
EUR |
102.0 |
101.4 |
|
|
09:00 |
EUR |
108.0 |
108.1 |
|
|
09:00 |
EUR |
96.3 |
95.2 |
|
|
11:00 |
GBP |
25 |
33 |
|
|
13:30 |
USD |
0.875M |
0.868M |
|
|
13:30 |
USD |
0.870M |
0.894M |
|
Dec. 20 |
09:30 |
GBP |
0.3% |
-0.8% |
|
|
09:30 |
GBP |
1.5% |
0.6% |
|
Dec. 21 |
07:00 |
EUR |
5.9 |
5.9 |
|
|
09:30 |
GBP |
-14.0B |
-20.8B |
|
|
09:30 |
GBP |
1.0% |
1.0% |
|
|
09:30 |
GBP |
-0.1% |
-0.1% |
Government Bond Auction
Date Time Country
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