We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bearish
Wall Street
Bullish
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • New York Governor Cuomo says unemployment received 1.2 million calls last week compared to the normal 50k - BBG
  • Here is the quarterly chart of the FTSE 100. A rough period to be sure https://t.co/0dN37zWotW
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.50% Silver: 0.57% Gold: -1.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/f2bGEsBh7T
  • LIVE IN 30 MINUTES: Join @JStanleyFX as he runs through price action set-ups for the FX and CFDs market. https://www.dailyfx.com/webinars/1338844901231735299
  • US Dollar: As we run up to a month and quarter end, the US Dollar in on the front foot with portfolio rebalancing expected to provide support to the greenback. Get your $USD market update from @JMcQueenFX here:https://t.co/kxvJo8qGtM https://t.co/Rmz3BYqfzO
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.18% 🇬🇧GBP: 0.08% 🇯🇵JPY: 0.07% 🇨🇭CHF: -0.65% 🇦🇺AUD: -0.76% 🇳🇿NZD: -1.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/QhgGG6yBTy
  • LIVE IN 45 MINUTES: Join @JStanleyFX as he runs through price action set-ups for the FX and CFDs market. https://www.dailyfx.com/webinars/1338844901231735299
  • LIVE IN 55 MINUTES: Join @JStanleyFX as he runs through price action set-ups for the FX and CFDs market. https://www.dailyfx.com/webinars/1338844901231735299
  • RT @DeItaOne: OPEC MEMBERS FAIL TO AGREE UNANIMOUSLY ON EMERGENCY MEETING OF ITS ECONOMIC COMMISSION BOARD - FOUR SOURCES #OOTT
  • Join @JStanleyFX 's #webinar at 1:00 PM ET/5:00 PM GMT for his weekly update on trading price action. Register here: https://t.co/yu1uNFb2tm https://t.co/ouYz990K0M
Guest Commentary: Gold & Silver Daily Outlook 01.25.2012

Guest Commentary: Gold & Silver Daily Outlook 01.25.2012

2012-01-25 15:06:00
Lior Cohen, Energy Analyst for Trading NRG,
Share:

Gold and silver changed direction and moderately slipped during yesterday's trading along with other commodities. Today, the FOMC statement and rate decision will be announced, U.S. pending home sales report will be published along with the German business climate report, Great Britain's GDP growth in the fourth quarter and ECB's President Draghi will give a speech. Many look forward for today's FOMC statement that may affect commodities markets if it will have any interesting headlines.

For the complete gold and silver daily analysis for January 25th see here in Trading NRG

Gold declined on Tuesday by 0.82% and reached $1,664.5; silver also slipped 0.91% and reached $31.98. During January, gold rallied by 6.2% and silver by 14.54%.

Guest_Commentary_Gold_Silver_Daily_Outlook_01.25.2012_body_Gold_25.png, Guest Commentary: Gold & Silver Daily Outlook 01.25.2012

St. Deviation

Despite the sharp rally of gold and silver during the month so far, their daily percent changes' standard deviations are falling compared with their standard deviations in previous months; this means that the volatility of the bullion prices are declining.

Guest_Commentary_Gold_Silver_Daily_Outlook_01.25.2012_body_Standard_deviation_25.png, Guest Commentary: Gold & Silver Daily Outlook 01.25.2012

On Today's Agenda

FOMC Statement and Rate Decision: The FOMC will convene to decide on the interest rate and present an economic outlook for the U.S. economy; currently there is little evidence that the FOMC will decide to change its rate or implement another QE plan especially after the US employment is on the rise; the FOMC's decision may affect gold if the FOMC will come up with a big announcement (e.g. another stimulus plan), which currently doesn’t seem to be the case;

U.S. Pending Home Sales: This report present the changes in pending home sales in the U.S. for December 2011; in the November report the pending home sales index increased by 7.3%. These data are another indicator for the progress of the American real estate market;

Gold and Silver Outlook

Gold and silver traded down yesterday, but their general direction seems to continue be upwards. The upcoming news regarding Europe including German business climate, GB GDP and ECB President's speech may affect precious metals: if these reports and speech will be positive and help trade up the Euro, this, in turn, may also positively affect gold and silver. The FOMC's meeting will end today and I speculate there won't be big headlines from it, but in case there will be it could affect bullion traders.

For further reading:

Why is Gold More Expensive than Platinum?

Gold and Silver Prices Weekly Outlook for January 23-27

By: Lior Cohen, M.A. in Economics, Commodities Analyst and Blogger at Trading NRG

Would you like to see more third-party contributors on DailyFX? For questions and comments, please send them to research@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.