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
Oil - US Crude
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
More View more
Real Time News
  • USD/MXN pushes lower towards a critical support level in the midst of continued political uncertainty. Get your #currencies update from @HathornSabin here:
  • Gold Forecast - via @DailyFX “Gold price outlook still hinges on stimulus deal expectations and corresponding swings in real yields.” What will I have my eyes on in the week ahead? Link to Analysis: $GC_F $XAUUSD $GLD
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
  • Talks between the EU and UK restarted today and will continue over the weekend as negotiators from both sides battle against the clock. Get your #currencies update from @nickcawley1 here:
  • The London trading session accounts for around 35% of total average forex turnover*, the largest amount relative to its peers. The London forex session overlaps with the New York session. Learn about trading the London forex session here:
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here:
  • 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:
  • The US Dollar is losing ground against ASEAN FX, with USD/SGD and USD/IDR possibly readying to extend declines. Will USD/PHP and USD/MYR follow? Find out from @ddubrovskyFX here:
  • There are many different types of forex orders, which traders use to manage their trades. While these may vary between different brokers, there tends to be several basic FX order types all brokers accept. Learn about different FX order types here:
  • The US Dollar has spent much of October giving back September’s gains. Is there any hope for change? Get your #currencies update from @JStanleyFX here:
Guest Commentary: Gold & Silver Daily Outlook 03.23.2012

Guest Commentary: Gold & Silver Daily Outlook 03.23.2012

2012-03-23 13:16:00
Lior Cohen, Energy Analyst for Trading NRG,

Gold and silver slightly declined yesterday and thus continue their unclear trend as they zigzag from gains to losses on a daily basis. Yesterday they have ended in the trading day in the red. It was reported yesterday that the EU manufacturing index declined to 48.7 (49.3 in February). This news may have been among the factors to drag down the Euro and bullion. Today, U.S. new home sales will be published, and Canada's core consumer price index.

Gold price moderately declined on Thursday by 0.47% to $1,642; silver also traded down by 2.74% to $31.35. During March, gold declined by 4.02% and silver by 9.52%.

The chart below shows the developments of gold and silver during the month so far (normalized to February 29th).

Guest Commentary: Gold & Silver Daily Outlook 03.23.2012

On Today's Agenda

U.S. New Home Sales: This report will refer to January 2012; in the previous report (January 2012), the sales of new homes declined by 0.9% to 321,000; if the number of home sales will show a decrease in the upcoming report, it may indicate a slowdown in the U.S real estate market which may also affect strength of the USD.

Forex / Gold & Silver– March

The EURO/USD slightly edged down on Thursday by 0.11% to 1.3201; furthermore, the AUD and CAD also depreciated against the U.S. dollar by 0.68%, and 0.71%, respectively. The AUD, CAD and Euro were historically linearly correlated with the daily percent changes of gold and silver. Thus if the Euro/USD will change direction and rally today it may indicate gold and silver may also increase.

Guest Commentary: Gold & Silver Daily Outlook 03.23.2012

Daily Outlook

Metals continue to shift from gains for losses with an unclear trend. The news regarding the slowdown of China and EU's manufacturing may have adversely affected not only the Euro, Aussie dollar and Yen but also gold and silver. If the U.S. report will be negative and several currencies will trade up against the USD, then it is likely that gold and silver will follow and increase.

This gold and silver forecast was first presents in Trading NRG

For further reading:

Gold and Silver Prices Weekly Outlook for March 19-23

Gold and Silver Prices Outlook for March 2012

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.