Analysis and Recommendations: Silver gained today, as buyers pushed up precious metals on bargain shopping and industrial metals climbed on global
Silver gained today, as buyers pushed up precious metals on bargain shopping and industrial metals climbed on global sentiment. Although traders are sure that a deal will be struck between political parties in the US the form of the agreement remains in the air, leaving huge uncertainties. Combining this with the FOMC two day meet scheduled next week traders are trying to decide if Mr. Bernanke and associates will add to the already existing program for additional easing or extend operation twist.
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 5, 2012 actual v. forecast
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
Dec. 05 |
|
AUD |
|
|
GDP (QoQ) |
0.5% |
|
0.6% |
|
0.6% |
|
|
|
|
AUD |
|
|
RBA Assist Gov Lowe Speaks |
|
|
|
|
|||
|
|
GBP |
|
|
Services PMI |
50.2 |
|
51.1 |
|
50.6 |
|
|
|
|
EUR |
|
|
Spanish 10-Year Obligacion Auction |
5.290% |
|
|
5.517% |
|
||
|
|
EUR |
|
|
Retail Sales (MoM) |
-1.2% |
|
-0.1% |
|
-0.6% |
||
|
|
PLN |
|
|
Polish Interest Rate Decision |
4.25% |
|
4.25% |
|
4.50% |
|
|
|
|
RUB |
|
|
Russian CPI (MoM) |
0.3% |
|
0.5% |
|
0.5% |
|
|
|
|
USD |
|
|
ADP Nonfarm Employment Change |
118K |
|
125K |
|
157K |
||
|
|
USD |
|
|
Nonfarm Productivity (QoQ) |
2.9% |
|
2.7% |
|
1.9% |
|
|
|
|
USD |
|
|
Unit Labor Costs (QoQ) |
-1.9% |
|
-0.9% |
|
-0.1% |
|
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
Date |
Time |
Currency |
Event |
Forecast |
Previous |
Dec. 06 |
08:15 |
CHF |
0.1% |
||
|
09:30 |
GBP |
-8.8B |
-8.4B |
|
|
10:00 |
EUR |
-0.1% |
-0.1% |
|
|
11:00 |
EUR |
0.9% |
-3.3% |
|
|
12:00 |
GBP |
0.50% |
0.50% |
|
|
12:00 |
GBP |
375B |
375B |
|
|
12:45 |
EUR |
0.75% |
0.75% |
|
Dec. 07 |
09:30 |
GBP |
0.7% |
-1.7% |
|
|
09:30 |
GBP |
-0.2% |
0.1% |
|
|
09:30 |
GBP |
-0.6% |
-2.6% |
|
|
11:00 |
EUR |
-0.5% |
-1.8% |
Government Bond Auction
Date Time Country
Dec 06 01:30 Japan
Dec 06 09:50 France
Dec 06 16:00 US
Dec 07 16:30 Italy