News & Analysis at your fingertips.

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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
More View more
Real Time News
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here:
  • Rather than focusing on earning a specific number of pips per day, traders need to focus on what can be controlled. In trading terms this relates to following a strategy perfectly, with no emotion or hesitation. Learn more here:
  • That if you’re offended by what someone says on Twitter and that ruins your day, you live an extremely lucky life to be able to have that be your biggest problem for the day.
  • Myth or fact? One thing is for sure, there are a lot of misconceptions about trading. Knowing the difference between common trading myths and the reality is essential to long-term success. Find out about these 'myths' here:
  • Moving averages are extremely popular due to its easy-to-use nature and multitude of uses when trading. What are some popular moving averages and how can you use them? Find out:
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here:
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • Long wick candles are recurrent within the forex market. This makes understanding the meaning behind these candles invaluable to any trader to comprehend the market dynamics during a specific period. Learn about the importance of extended wicks here:
  • Safe haven stocks also allow traders to diversify their portfolio and reduce risk. Learn if safe-haven stocks are made for you here:
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
Guest Commentary: Gold & Silver Daily Outlook 01.27.2012

Guest Commentary: Gold & Silver Daily Outlook 01.27.2012

2012-01-27 16:07:00
Lior Cohen, Energy Analyst for Trading NRG,

Gold and silver sharply increased for the second straight day after the FOMC announced on Wednesday it will keep the interest rates low until late 2014. Today, the U.S. GDP growth rate for q4 will be published (update: the U.S. GDP expanded by 2.8% in Q4). For the complete gold and silver daily outlook for January 27th see here in Trading NRG

Yesterday, Gold increased by 1.58% and reached $1,729.9; silver also rose by 1.88% to $33.74. The last time both precious metals performed so well was back in July/August, when gold price increased by 12.3% (in August) and silver by 15.1% (during July).

Guest_Commentary_Gold_Silver_Daily_Outlook_01.27.2012_body_Gold_27.png, Guest Commentary: Gold & Silver Daily Outlook 01.27.2012

On Today's Agenda

U.S GDP 4Q 2011: In the third quarter the GDP grew by 1.8%, compared with 1.3% gains in the second quarter. This shows a slight rise in the growth rate for the US's GDP. Current expectations estimate the U.S. growth rate in Q4 will be slightly higher than the previous quarter's (for the final estimate of 3Q GDP).

Forex / Gold & Silver– January

The Euro/USD very moderately increased yesterday by 0.02% to reach 1.3108 – this was the fourth consecutive day the Euro appreciated against the USD; the Euro and AUD are strongly correlated with precious metals; thus if the Euro will continue to rise it could indicate that metals will trade up as well.

Guest_Commentary_Gold_Silver_Daily_Outlook_01.27.2012_body_Correlation_27.png, Guest Commentary: Gold & Silver Daily Outlook 01.27.2012


Gold and silver sharply rose in the past couple of days; this rally may have been stem, in part, by the FOMC decision to keep rates low for a longer time than the FOMC had pledged previously (until late 2014 instead of mid 2013). The recent rally of the Euro and Australian dollar may have also helped with the recovery of precious metals. The U.S GDP report may also affect trading today if it will show a dramatic change in the growth rate. On October 27th, when the first estimate of the U.S. GDP for Q3 2011 came out with a 2.5% growth rate, gold and silver sharply rose. I speculate this rally will occur again if the GDP will expand by an impressive figure.

For further reading:

Why is Gold More Expensive than Platinum?

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

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