Silver Fundamental Analysis December 5, 2012 Forecast

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Updated: Aug 20, 2015, 23:00 UTC

Analysis and Recommendations: Silver declined by 0.61 cents to trade at 33.148 as precious metals tumbled in today's trading session. Base metals were

Silver Fundamental Analysis December 5, 2012 Forecast

Analysis and Recommendations:

Silver declined by 0.61 cents to trade at 33.148 as precious metals tumbled in today’s trading session. Base metals were trading mixed on Tuesday amid profit booking that kept chipping at higher levels. Copper traded in between profit and losses but remained at six weeks highs on LME. Other metals were swinging in between profit and losses. After the data from China showed a rise in manufacturing, the US reported a fall in PMI that confused industrial metals.

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 4, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Dec. 04

AUD

Building Approvals (MoM)

-7.6%

-2.0%

9.5%

AUD

Current Account

-14.9B

-14.8B

-12.4B

AUD

Interest Rate Decision

3.00%

3.00%

3.25%

AUD

RBA Rate Statement

EUR

Spanish Unemployment Change

74.30K

90.50K

128.20K

BRL

Brazilian Industrial Production (YoY)

2.3%

2.5%

-3.6%

CAD

Interest Rate Decision

1.00%

1.00%

Upcoming Economic Events that affect the CHF, EUR, GBP and USD

Date	Time	Currency	Event	Forecast	Previous
Dec. 05	10:00	EUR	Retail Sales (MoM)	-0.1%	-0.2%
	13:15	USD	ADP Nonfarm Employment Change	125K	158K
	13:30	USD	Nonfarm Productivity (QoQ)	2.7%	1.9%
	13:30	USD	Unit Labor Costs (QoQ)	-0.9%	-0.1%
	15:00	USD	ISM Non-Manufacturing Index	53.5	54.2
Dec. 06	08:15	CHF	CPI (MoM)		0.1%
	09:30	GBP	Trade Balance	-8.8B	-8.4B
	10:00	EUR	GDP (QoQ)	-0.1%	-0.1%
	11:00	EUR	German Factory Orders (MoM)	0.9%	-3.3%
	12:00	GBP	Interest Rate Decision	0.50%	0.50%
	12:00	GBP	BOE QE Total	375B	375B
	12:45	EUR	Interest Rate Decision	0.75%	0.75%
Dec. 07	09:30	GBP	Industrial Production (MoM)	0.7%	-1.7%
	09:30	GBP	Manufacturing Production (MoM)	-0.2%	0.1%
	09:30	GBP	Industrial Production (YoY)	-0.6%	-2.6%
	11:00	EUR	German Industrial Production (MoM)	-0.5%	-1.8%