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. See our updated Privacy Policy here.



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
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here:
  • 🇬🇧 Retail Sales YoY (MAY) Actual: 24.6% Expected: 29% Previous: 42.4%
  • 🇬🇧 Retail Sales ex Fuel YoY (MAY) Actual: 21.7% Expected: 27.3% Previous: 37.7%
  • Heads Up:🇬🇧 Retail Sales ex Fuel YoY (MAY) due at 06:00 GMT (15min) Expected: 27.3% Previous: 37.7%
  • Heads Up:🇬🇧 Retail Sales YoY (MAY) due at 06:00 GMT (15min) Expected: 29% Previous: 42.4%
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 84.50%, while traders in France 40 are at opposite extremes with 79.56%. See the summary chart below and full details and charts on DailyFX:
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here:
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.09% 🇨🇭CHF: 0.06% 🇯🇵JPY: 0.03% 🇬🇧GBP: -0.01% 🇦🇺AUD: -0.01% 🇳🇿NZD: -0.06% View the performance of all markets via
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: France 40: 0.14% US 500: 0.07% Wall Street: 0.04% Germany 30: -0.04% FTSE 100: -0.11% View the performance of all markets via
Guest Commentary: Gold & Silver Daily Outlook 03.16.2012

Guest Commentary: Gold & Silver Daily Outlook 03.16.2012

Lior Cohen, Energy Analyst for Trading NRG,

Gold and silver rallied from Wednesday's tumble and ended Thursday in the green. Yesterday's U.S published reports including the decline in U.S. Jobless Claims to 351k, the rise in U.S. PPI by 0.4% in February, and the rise in the Philly Fed Manufacturing Index to +12.5, may have some lingering effect during today's trading. Today the U.S. CPI will be published.

Gold price bounced back on Thursday by 1.01% to $1,659.5; silver also rallied by 1.69% to $32.73.

On Today's Agenda

U.S Core Consumer Price Index: This report will show the changes in the core CPI for February 2012. According to the U.S Bureau of Labor statistics in January 2012, the core CPI slightly rose by 0.20% (M-o-M) and also increased over the last 12 months by 2.3%; this news may affect the strengthen of the U.S dollar and consequently bullion prices. The recent U.S PPI that showed a rise of 0.2% (sans energy and food) may indicate the core CPI monthly report will also show a rise in core inflation.

American Stock Markets / Gold & Silver– March

The S&P500 slightly rose on Thursday by 0.6% to 1,402.6. As presented in the chart below, the S&P500 continues to be strongly and positively correlated with gold and silver (during March the linear correlation was 0.571 with gold and 0.662 with silver), even though metals seem to have taken a different direction than the S&P500 has in recent week. Nonetheless, if the stock market will continue to trade up it may indicate that bullion could make a comeback.

Guest_Commentary_Gold_Silver_Daily_Outlook_03.16.2012_body_16.png, Guest Commentary: Gold & Silver Daily Outlook 03.16.2012

Daily Analysis

Bullion managed to rally on Thursday following the sharp drop they have had a day earlier. This rally may have just been a correction to the sharp fall on Wednesday. The positive news from the U.S as indicated above didn't affect much the markets especially after the positive endorsement of the FOMC earlier this week in the U.S economy. Only unexpected positive news regarding the U.S. economy may eclipse that endorsement. The U.S PPI may continue to have some lingering effects on the USD and consequently metals. Finally, the U.S CPI may also affect the dollar.

This gold and silver analysis was first presents in Trading NRG

For further reading:

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.