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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
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
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
Wall Street
Bearish
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
Gold
Mixed
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
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • US Dollar dropped about 0.5% early Monday as measured by the broad-based DXY Index. Get your $USD market update from @RichDvorakFX here: https://t.co/QIKZInuzm2 https://t.co/NtWDSQeUTR
  • $USD $DXY | US Dollar Mired by Fiscal Stimulus Deadline -via @DailyFX Link to Analysis: https://www.dailyfx.com/forex/market_alert/2020/10/19/usd-price-outlook-us-dollar-mired-by-fiscal-stimulus-deadline.html #FX #Forex #Trading https://t.co/qvLb1N8QJX
  • Combing the headlines today, it feels very much like a 'these are the stocks that will hit record highs should the pandemic and recession return' kind of vibe. Rampant speculation.
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.52% 🇪🇺EUR: 0.46% 🇬🇧GBP: 0.23% 🇨🇦CAD: 0.01% 🇯🇵JPY: -0.03% 🇦🇺AUD: -0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/d7oMzMEfU6
  • Senator McConnell says stimulus to be voted on this Tuesday and Wednesday - BBG
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 0.90% Gold: 0.23% Oil - US Crude: -0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/zaH4DP0nFZ
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.05%, while traders in EUR/USD are at opposite extremes with 69.60%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/b7OFCOlJkt
  • After recovering from March 2020 lows, price action favored the bulls, until reaching a wall of resistance on 1 September at the psychological level of 1.2000. Get your $EURUSD market update from @Tams707 here:https://t.co/PxcRm33ooH https://t.co/S7thoATfKw
  • US Equity Update (Monday Close): $DJI -1.43% $SPX -1.63% $NDX -1.84% $RUT -1.23% $VIX +6.24%
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: US 500: 0.04% Wall Street: 0.03% France 40: -0.50% FTSE 100: -0.58% Germany 30: -0.97% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/N8tSHADd40
Guest Commentary: Gold & Silver Daily Outlook 03.16.2012

Guest Commentary: Gold & Silver Daily Outlook 03.16.2012

2012-03-16 12:27:00
Lior Cohen, Energy Analyst for Trading NRG,
Share:

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 research@dailyfx.com

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

DISCLOSURES