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
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
More View more
Real Time News
  • Further your forex knowledge and gain informed analyses from industry leaders with our free guides, available today. Download the Q3 guide:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.58%, while traders in Wall Street are at opposite extremes with 73.57%. See the summary chart below and full details and charts on DailyFX:
  • USD/JPY attempts to retrace the decline following the semi-annual testimony with Fed Chairman Jerome Powell amid a rebound in longer-dated US Treasury yields. Get your market update from @DavidJSong here:
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.02% Gold: -0.15% Silver: -0.83% View the performance of all markets via
  • The US Dollar is broadly stronger on the session with the latest flash PMI report from @IHSMarkit underscoring inflation pressures ahead of next week's Fed announcement. $DXY facing psychological resistance at the 93.00-handle, though. Link to Analysis -
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.04% 🇪🇺EUR: -0.05% 🇬🇧GBP: -0.10% 🇨🇭CHF: -0.18% 🇦🇺AUD: -0.18% 🇯🇵JPY: -0.31% View the performance of all markets via
  • ECB's Weidmann: - New ECB goal does not mean there will be markedly higher inflation
  • ECB's Weidmann: - I expect inflation rates in Germany to rise to 5% by the end of 2021 - Governing council believes that expansive monetary policy is acceptable at the moment
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: US 500: 0.74% Wall Street: 0.51% Germany 30: -0.03% France 40: -0.08% FTSE 100: -0.12% View the performance of all markets via
  • USD/MXN trades directionless, oscillating between small gains and losses, near the 20.15 area. Get your $USDMXN market update from @DColmanFX here:
Guest Commentary: Gold & Silver Daily Outlook 04.03.2012

Guest Commentary: Gold & Silver Daily Outlook 04.03.2012

Lior Cohen, Energy Analyst for Trading NRG,

Gold and silver continued their slow paced rise during yesterday and thus completed a two day rally. Will this rally continue throughout the rest of the week is not clear yet. Today the minutes of the FOMC meeting will be released. This might offer some insights as to previous decision and hint on the future steps of the FOMC in the upcoming meeting at the end of the month. The U.S continued to show signs of progress as the U.S PMI manufacturing index increased from 52.7% in February to 53.4% in March. This means the U.S economy is not only expanding but also at a faster pace. This news may have been among the factors driving up not only commodities, but also American stocks during the day. There are several other reports to be published today worth noticing: the RBA cash statement, U.S factory orders, and Australian trade balance.

Gold rose again by 0.47% to $1,679; silver also increased by 1.89% to $33.1.

The chart below presents the changes in gold and silver during the past few weeks (prices are normalized to March 13th).

Guest_Commentary_Gold_Silver_Daily_Outlook_04.03.2012_body_Golpril_3.png, Guest Commentary: Gold & Silver Daily Outlook 04.03.2012

Commodities Related News for April 3rd

Goldman Sachs cut its recommendations on raw commodities;

The EU rate on unemployment edged up from 10.7% in January to 10.8% in February. This news may have pulled down a bit the Euro which is strongly correlated with the changes in bullion prices.

FOMC Meeting Minutes: Following the last FOMC meeting, in which it was decided not to introduce nay additional monetary expansion measures, the market promptly reacted to this news as gold and silver sharply fell. The minutes of the FOMC meeting might offer some insight behind this decision regarding the future steps of the FOMC;

U.S Factory Orders: This report will present the changes in U.S. factory orders of manufactured durable goods during February; this report will offer some insight to the progress of the U.S economy and could affect the direction of the U.S dollar;

Daily Analysis

Gold and silver kicked off the month on a positive note; their overall performance hadn’t been staggering to say the least during 2012 (up to date). Another QE program could, however turn the tables around and push gold and silver prices up again. But I still think there won’t be another QE program. Today’s U.S factory orders report and FOMC meeting minutes might affect the markets especially there will be unexpected turn of events.

This gold and silver forecast was first presents in Trading NRG

For further reading:

Gold and Silver Prices Outlook for April 2012

Gold and Silver Prices Weekly Outlook for April 2-6

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.