Analysis and Recommendations: Silver fell back below the 30.00 price range to trade at 29.923 down 0.052 in a short trading day. The markets have been
Silver fell back below the 30.00 price range to trade at 29.923 down 0.052 in a short trading day. The markets have been very active with low volume as traders booked profits ahead of year end, as the unknown situation in the US continues to weigh heavily on traders. Precious metals are mixed today with industrial metals tumbling even after strong data from China showed a continued expansion in manufacturing.
Our fundamental analysis will not be published tomorrow, as we celebrated the New Year’s holiday and global markets are shuttered. I would like to take this time to wish all of my readers and followers the best in the New Year… Here’s to profitable trading.
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 31, 2012 actual v. forecast
Date |
Time |
|
Currency |
|
Importance |
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
Dec. 31 |
00:30 |
|
AUD |
|
|
Private Sector Credit (MoM) |
0.0% |
|
0.3% |
|
0.1% |
|
||
|
01:45 |
|
CNY |
|
|
Chinese HSBC Manufacturing PMI |
51.50 |
|
50.90 |
|
50.90 |
|
||
|
02:00 |
|
SGD |
|
|
Singaporean Bank Landing (MoM) |
481.70B |
|
|
|
479.40B |
|
||
|
09:30 |
|
GBP |
|
|
Housing Equity Withdrawal (QoQ) |
-8.0B |
|
-9.1B |
|
-9.4B |
|||
|
10:00 |
|
EUR |
|
|
Greek Retail Sales (YoY) |
-18.10% |
|
|
|
-11.80% |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
Date |
Time |
Currency |
Event |
Forecast |
Previous |
Jan. 01 |
01:00 |
CNY |
51.00 |
50.60 |
|
Jan. 02 |
00:00 |
EUR |
0.7% |
-0.1% |
|
|
00:00 |
EUR |
1.9% |
1.9% |
|
|
08:00 |
CHF |
1.38 |
1.50 |
|
|
15:00 |
USD |
50.2 |
49.5 |
|
Jan. 03 |
08:00 |
CHF |
1.35 |
1.50 |
|
|
08:30 |
CHF |
48.5 |
48.5 |
|
|
08:55 |
EUR |
10K |
5K |
Upcoming Government Bond
Date Time Country
Thursday, January 5: France will auction an estimated €7-8 billion ($9.1-10.4 billion) in 10-year and other long-term bonds
Tuesday, January 10: Austria will auction €1.3 billion ($1.7 billion) in 5- and 10-year bonds
Thursday, January 12: Spanish 3- and 5-year bond auction
Friday, January 13: Italy will auction medium-long term bonds
Thursday, January 19: France will auction 5-year bonds
Thursday, January 19: Spanish 10-, 15-, and 30-year bond auction
Thursday, January 26: Italian long-term bond auction
Monday, January 30: Italian medium-long term bond auction
Monday, January 30: Belgian bond auction