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Silver Fundamental Analysis November 6, 2012, Forecast
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Analysis and Recommendations: Silver is trading at 31.013 adding 0.156 cents today in a fairly low volume quiet day of trading. Silver followed cues from
Silver is trading at 31.013 adding 0.156 cents today in a fairly low volume quiet day of trading. Silver followed cues from gold and the metals pack along with most of the commodities market dropping in early morning trade as the sentiment from Friday remained with the markets and negative comments from Greece also weighed on the markets. Throughout the day, the euro continued to dip against a stronger US dollar. But late in the trading day, commodities seemed to make a turn around and most were able to recover earlier losses to see small gains.
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 November 5, 2012 actual v. forecast
|
Date |
|
Currency |
|
|
Event |
Actual |
Forecast |
Previous |
||
|
Nov. 05 |
|
AUD |
|
|
Retail Sales (MoM) |
0.5% |
0.4% |
0.3% |
||
|
|
|
AUD |
|
|
Trade Balance |
-1.46B |
-1.65B |
-1.88B |
||
|
|
|
INR |
|
|
Indian Trade Balance |
-18.1B |
-11.0B |
-15.6B |
||
|
|
|
TRY |
|
|
Turkish CPI (MoM) |
1.96% |
2.10% |
1.03% |
||
|
|
|
EUR |
|
|
Spanish Unemployment Change |
128.20K |
90.50K |
79.60K |
||
|
|
|
GBP |
|
|
Services PMI |
50.6 |
52.0 |
52.2 |
||
|
|
|
CAD |
|
|
Building Permits (MoM) |
-13.2% |
-3.0% |
7.9% |
||
|
|
|
USD |
|
|
ISM Non-Manufacturing Index |
54.2 |
54.5 |
55.1 |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Nov. 06 |
06:45 |
CHF |
-22 |
-17 |
|
|
|
09:30 |
GBP |
-0.6% |
-0.5% |
|
|
|
09:30 |
GBP |
0.3% |
-1.1% |
|
|
|
09:30 |
GBP |
-1.6% |
-1.2% |
|
|
|
11:00 |
EUR |
-0.5% |
-1.3% |
|
|
Nov. 07 |
08:15 |
CHF |
0.3% |
0.3% |
|
|
|
10:00 |
EUR |
-0.1% |
0.1% |
|
|
|
11:00 |
EUR |
-0.5% |
-0.5% |
|
|
Nov. 08 |
12:00 |
GBP |
0.50% |
0.50% |
|
|
|
12:00 |
GBP |
375B |
375B |
|
|
|
12:45 |
EUR |
0.75% |
0.75% |
|
|
Nov. 09 |
01:30 |
CNY |
1.9% |
1.9% |
|
|
|
01:30 |
CNY |
-2.7% |
-3.6% |
|
|
|
01:30 |
CNY |
0.1% |
0.3% |
|
|
|
05:30 |
CNY |
20.6% |
20.5% |
|
|
|
05:30 |
CNY |
9.4% |
9.2% |
|
|
|
05:30 |
CNY |
14.1% |
14.2% |
|
|
|
07:00 |
EUR |
|
|
|
|
|
07:00 |
EUR |
2.0% |
2.0% |
|
|
|
09:30 |
GBP |
-8.9B |
-9.8B |
Government Bond Auction
Date Time Country
Nov 06 10:10 Greece
Nov 06 10:15 Austria
Nov 06 10:30 Belgium
Nov 06 10:30 UK
Nov 06 15:30 UK
Nov 06 18:00 US
Nov 07 10:30 Germany
Nov 07 15:30 Sweden
Nov 07 18:00 US
Nov 08 9:30 Spain
Nov 08 10:10 Sweden
Nov 08 16:30 Italy
Nov 08 18:00 US
Nov 09 11:00 Belgium
Nov 09 16:30 Italy
About the Author
Barry Normanauthor
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