Analysis and Recommendations: Silver is trading at 32.733 falling again today, as the demand for precious metals declines. Markets are in risk on mode,
Silver is trading at 32.733 falling again today, as the demand for precious metals declines. Markets are in risk on mode, leaving the safety of metals and safe havens as they look for profit to close out the year. Industrial metals were also weak after the UK and the eurozone had growth for 2013 downgraded by their central banks. The eurozone GDP reported at forecast, showing a drop of 0.1%. Both the BoE and the ECB held rates and monetary policy today.
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 6, 2012 actual v. forecast
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
Dec. 06 |
|
AUD |
|
|
Employment Change |
13.9K |
|
0.2K |
|
10.1K |
||
|
|
AUD |
|
|
Unemployment Rate |
5.2% |
|
5.5% |
|
5.4% |
|
|
|
|
CHF |
|
|
Unemployment Rate |
3.0% |
|
3.0% |
|
3.0% |
|
|
|
|
GBP |
|
|
Halifax House Price Index (MoM) |
1.0% |
|
0.2% |
|
-0.1% |
||
|
|
CHF |
|
|
CPI (MoM) |
-0.3% |
|
0.0% |
|
0.1% |
|
|
|
|
GBP |
|
|
Trade Balance |
-9.5B |
|
-8.8B |
|
-8.4B |
||
|
|
EUR |
|
|
GDP (QoQ) |
-0.1% |
|
-0.1% |
|
-0.1% |
|
|
|
|
EUR |
|
|
German Factory Orders (MoM) |
3.9% |
|
0.9% |
|
-2.4% |
||
|
|
GBP |
|
|
Interest Rate Decision |
0.50% |
|
0.50% |
|
0.50% |
|
|
|
|
GBP |
|
|
BOE QE Total |
375B |
|
375B |
|
375B |
|
|
|
|
EUR |
|
|
Interest Rate Decision |
0.75% |
|
0.75% |
|
0.75% |
|
|
|
|
CAD |
|
|
Building Permits (MoM) |
15.0% |
|
3.0% |
|
-12.7% |
||
|
|
USD |
|
|
Initial Jobless Claims |
370K |
|
380K |
|
395K |
||
|
|
EUR |
|
|
ECB Press Conference |
|
|
|
|
|
|
|
|
|
USD |
|
|
Continuing Jobless Claims |
3205K |
|
3275K |
|
3305K |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
Date |
Time |
Currency |
Event |
Forecast |
Previous |
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% |
|
|
13:30 |
USD |
0.2% |
0.0% |
|
|
13:30 |
USD |
90K |
171K |
|
|
13:30 |
USD |
34.4 |
34.4 |
|
|
13:30 |
USD |
90K |
184K |
|
|
14:55 |
USD |
82.1 |
82.7 |
|
|
15:00 |
GBP |
0.5% |
Government Bond Auction
Date Time Country
Dec 07 16:30 Italy
Dec 10 10:10 Norway
Dec 10 10:10 Slovakia
Dec 10 15:30 UK
Dec 10 16:30 Italy
Dec 11 09:30 Spain
Dec 11 10:10 Greece
Dec 11 10:15 Austria
Dec 11 10:30 Belgium
Dec 11 10:30 UK
Dec 11 18:00 US
Dec 12 10:10 Italy
Dec 12 10:10 Sweden
Dec 12 10:30 Swiss
Dec 12 16:30 US
Dec 13 01:30 Japan
Dec 13 09:30 Spain
Dec 13 10:10 Italy
Dec 13 10:30 UK
Dec 13 16:00 US
Dec 13 18:00 US
Dec 14 11:00 Belgium
Dec 14 15:30 UK