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
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
  • 🇮🇩 Inflation Rate YoY (FEB) Actual: 1.38% Expected: 1.38% Previous: 1.55%
  • Heads Up:🇮🇩 Inflation Rate YoY (FEB) due at 04:00 GMT (15min) Expected: 1.38% Previous: 1.55%
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.75% Gold: 0.92% Silver: 0.65% View the performance of all markets via
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.72% 🇳🇿NZD: 0.65% 🇬🇧GBP: 0.49% 🇪🇺EUR: 0.12% 🇨🇭CHF: 0.05% 🇯🇵JPY: -0.07% View the performance of all markets via
  • Dramatic-looking Bearish Engulfing candle pattern with negative RSI divergence on the weekly #AUDUSD chart. A turn may be brewing.
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.78%, while traders in GBP/JPY are at opposite extremes with 66.27%. See the summary chart below and full details and charts on DailyFX:
  • Australian Dollar Unfazed by Chinese PMI as RBA Meeting Shifts Into View - $AUD $AUDUSD
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • RT @FxWestwater: Australian Dollar, APAC Markets Focus on Bond Yields to Start March Link: $AUDUSD…
Guest Commentary: Gold & Silver Daily Outlook 05.10.2012

Guest Commentary: Gold & Silver Daily Outlook 05.10.2012

Lior Cohen, Energy Analyst for Trading NRG,

Gold and silver continued their descent during yesterday. As a result of yesterday's fall gold price reached its lowest level since December 2011l. The price of silver is the lowest since January 9th 2012. There still growing concerns that the recent results in the French and Greek elections will adversely affect the austerity plans that were agreed upon in the past to pull out the EU from its debt crisis. The Euro declined in the past eight consecutive days and dragged along with it other exchange rates. There are many events and reports on today's agenda including: Bernanke's speech, U.S jobless claims, Great Britain Bank Rate & Asset Purchase Plan and the trade balance reports of China, U.S and Canada.

Gold declined again on Wednesday by 0.64% to $1,594.2; silver also decreased by 0.74% to $29.24; in the chart below are the normalized prices of bullion during the past few weeks (gold and silver are normalized to 100 as of April 30th).

Guest_Commentary_Gold_Silver_Daily_Outlook_05.10.2012_body_Gold__10.png, Guest Commentary: Gold & Silver Daily Outlook 05.10.2012

On Today's Agenda

U.S. Jobless Claims Report: in the previous report the jobless claims sharply declined to 365,000; this upcoming weekly report may affect the path of the USD and consequently metals;

Bernanke Speech: following the FOMC meeting of April the Chairman of the Federal Reserve will give a speech regarding the US banking that may affect the direction of forex and commodities markets. The title of the speech is “Banks and Bank Lending: The State of Play ";

Forex & Bullion – May Update

The Euro/USD decreased again on Wednesday by 0.58% to 1.293; furthermore, the CAD and AUD also depreciated. These currencies are correlated with Bullion (see the chart below); if the USD will continue to trade up this may keep the downward trend of Bullion.

Guest_Commentary_Gold_Silver_Daily_Outlook_05.10.2012_body_Correlation__MAY_10.png, Guest Commentary: Gold & Silver Daily Outlook 05.10.2012

Daily Outlook

Bullion continued their downward trend during yesterday's trading and thus declined in the past three consecutive days. Will this fall continue? Usually after several days of falling a correction tends to occur; this correction might take place eventually today if there will be negative results in the upcoming U.S reports including the trade balance and jobless claims. Furthermore, Bernanke's speech might also rally the markets especially if he will hint of the Fed's intent to get involved in the markets again. But keep in mind that the recent developments in Europe are likely to keep the Euro weak and the dollar strong, which in turn is likely to keep bullion's downward trend.

This gold and silver prices forecast was first presents in Trading NRG

For further reading:

Weekly Outlook for May 7-11 2012

Gold and Silver Prices Outlook for May 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.