Silver Fundamental Analysis April 12, 2012, Forecast

Analysis and Recommendations:

Silver dipped following gold in today’s session. Silver is trading at 31.505 down 0.174

Taking cues from fall in gold prices and mixed market sentiments, spot silver prices declined around 0.4 percent till 4.30 pm IST today.  However, a weaker dollar index resisted further fall in prices. The white metal hit an intra-day low of $ 31.45/oz and was hovering around $ 31.67/oz

Economic Reports April 11, 2012 actual v. forecast

Apr. 11

 

AUD

 

 

 

Westpac Consumer Sentiment 

-1.60%

 

 

 

-5.00% 

 

 

 

 

AUD

 

 

 

Home Loans (MoM) 

-2.5%

 

-3.5% 

 

-1.1% 

   

 

 

JPY

 

 

 

BoJ Monthly Report 

 

 

 

 

 

 

 

 

 

HUF

 

 

 

Hungarian CPI (YoY) 

5.5%

 

5.7% 

 

5.9% 

 

 

 

 

EUR

 

 

 

German 10-Year Bund Auction 

1.770%

 

 

 

1.830% 

 

 

 

 

CAD

 

 

 

Housing Starts 

216K

 

200K 

 

205K 

   

 

 

USD

 

 

 

Import Price Index (MoM) 

1.3%

 

0.8% 

 

-0.1% 

   

 

06:30     EUR       French CPI (MoM)                                                                          0.4%                     

The French Consumer Price Index (CPI) measures the changes in the price of goods and services purchased by consumers.

08:30     EUR       Dutch Retail Sales (YoY)                                                               0.80%                  

Retail trade is a form of trade in which goods are mainly purchased and resold to the consumer or end-user, generally in small quantities and in the state in which they were purchased (or following minor transformations).

09:30     GBP      Trade Balance                                                 -7.7B                      -7.5B                     

The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported.

10:00     EUR       Industrial Production (MoM)                       -0.2%                     0.2%                     

Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.

10:00     EUR       Portuguese CPI (MoM)                                                                 0.10%

The Consumers Price Index (CPI) measures the rate of price change of goods and services purchased by households. It measures changes in the average level of prices over a period of time. In other words, prices indicator of what is happening to prices consumers are paying for items purchased. With a given starting point or base period which is usually taken as 100, the CPI can be used to compare current period consumer prices with those in the base period. Consumer Price index is the most frequently used indicator of inflation and reflect changes in the cost of acquiring a fixed basket of goods and services by the average consumer. The weights are usually derived from household expenditure surveys.                           

10:00     EUR       Greek Unemployment Rate                                                      21.00%  

The definition for an unemployed person is: Persons (16-65 years) who were available for work (except for temporary illness) but did not work during the survey week, and who made specific efforts to find a job within the previous 4 weeks by going to an employment agency, by applying directly to an employer, by answering a job ad, or being on a union or professional register. The percentage number is calculated unemployed / (employed + unemployed).

13:30     CAD      Trade Balance                                               2.0B                       2.1B

The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported.

13:30     USD      Core PPI (MoM)                                              0.2%                      0.2%

13:30     USD       PPI (MoM)                                                       0.3%                      0.4%                     

The Core Producer Price Index (PPI) measures the change in the selling price of goods and services sold by producers, excluding food and energy. The PPI measures price change from the perspective of the seller. When producers pay more for goods and services, they are more likely to pass the higher costs to the consumer, so PPI is thought to be a leading indicator of consumer inflation.  The Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation. 

13:30     USD       Trade Balance                                               -52.0B                   -52.6B    

The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported.

13:30     USD      Initial Jobless Claims                                   355K                      357K                     

 13:30    USD       Continuing Jobless Claims                        3335K                    3338K

Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week. Continuing Jobless Claims measures the number of unemployed individuals who qualify for benefits under unemployment insurance.       

Government Bond Auctions April 10-20, 2012

Apr 12  09:10  Italy   BTP/CCTeu auction

Apr 12  09:30  UK  Gbp 2.0bn 4.25% Jun 2032 Conventional Gilt

Apr 12  15:00  US  Announces auction of 5Y TIPS on Apr 19

Apr 12  17:00  US  Auctions 30Y Bonds

Apr 13  10:00  Belgium  OLO mini bond auction

Apr 16-30 n/a  UK Re-opened 3.75% 2052 Conventional Gilt syndication

Apr 16  09:10  Slovakia  Auctions floating rate Nov 2016 & 4.35% Oct 2025 & Bonds

Apr 16  09:10  Norway  T-bill auction

Apr 17  08:30  Spain  12 & 18M T-bill auction

Apr 17  09:30  Belgium  Auctions 3 & 12M T-bills

Apr 18  09:10  Sweden  Nominal bond auction

Apr 18  09:30  Germany  Eur 5.0bn 0.25% Mar 2014 Schatz

Apr 18  14:30  Sweden  Details T-bill auction on Apr 25

Apr 19  08:30  Spain  Obligacion auction

Apr 19  08:50  France  BTAN auction

Apr 19  09:30  UK  Auctions 0.125% I/L Gilt 2029

Apr 19  09:50  France  OATi auction

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *