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Silver Fundamental Analysis January 1, 2013, Forecast

By:
Barry Norman
Updated: Aug 21, 2015, 02:00 UTC

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 Fundamental Analysis January 1, 2013, Forecast

Silver Fundamental Analysis January 1, 2013, Forecast
Silver Fundamental Analysis January 1, 2013, Forecast
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 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Our fundamental analysis will not be published tomorrow, as we celebrated the New Year’s holiday and global markets are shuttered.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

Chinese Manufacturing PMI 

51.00 

50.60 

Jan. 02

00:00

EUR

German CPI (MoM) 

0.7% 

-0.1% 

 

00:00

EUR

German CPI (YoY) 

1.9% 

1.9% 

 

08:00

CHF

KOF Leading Indicators 

1.38 

1.50 

 

15:00

USD

ISM Manufacturing Index 

50.2 

49.5 

 Jan. 03

08:00

CHF

KOF Leading Indicators 

1.35 

1.50 

 

08:30

CHF

SVME PMI 

48.5 

48.5 

 

08:55

EUR

German Unemployment Change 

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

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