Silver Fundamental Analysis July 13, 2012, Forecast

Analysis and Recommendations:

Silver  is trading at 26.663 off 0.470  as precious metals fell today after the minutes of the Federal Reserve’s most recent meeting did not indicate U.S. policymakers were gearing up to take additional action to stimulate growth, thereby lessening the chances of a boost for the bullion price.

Industrial metals slipped also as markets remained cautious ahead of the release of second quarter economic growth figures from China and as sentiment soured after the U.S. Federal Reserve dampened speculation of further stimulus measures in the short-term. Gold also fell in today’s session, trading at midway at 1559.75 off over 15.00

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 up to the data analysis and information in our weekly reports.

Economic Data July 13, 2012 actual v. forecast

Date

 

Currency

 

 

 

Event

Actual

 

Forecast

 

Previous

Jul. 12

 

AUD

 

 

 

RBA Assist Gov Lowe Speaks 

 

 

 

 

 

 

 

KRW

 

 

 

South Korean Interest Rate Decision 

3.00%

 

3.25% 

 

3.25% 

 

 

AUD

 

 

 

Employment Change 

-27.0K

 

0.3K 

 

27.9K 

 

 

AUD

 

 

 

Unemployment Rate 

5.2%

 

5.2% 

 

5.1% 

 

 

JPY

 

 

 

Interest Rate Decision 

0.10%

 

0.10% 

 

0.10% 

 

 

EUR

 

 

 

French CPI (MoM) 

0.0%

 

-0.1% 

 

-0.1% 

 

 

JPY

 

 

 

BoJ Press Conference 

 

 

 

 

 

 

 

EUR

 

 

 

Industrial Production (MoM) 

0.6%

 

-0.1% 

 

-1.1% 

 

 

USD

 

 

 

Import Price Index (MoM) 

-2.7% 

 

-1.7% 

 

-1.0% 

 

 

USD

 

 

 

Initial Jobless Claims 

350K 

 

372K 

 

374K 

 

 

USD

 

 

 

Continuing Jobless Claims 

3304 

 

3300K 

 

3306K 

 

Upcoming Economic Events that affect the CHF, EUR, GBP and USD

Date

Time

Currency

 Event

Previous

Jul 13

12:30

USD

PPI m/m

-1.0%

13:55

USD

Prelim UoM Consumer Sentiment

73.2

 

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