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
Wall Street
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
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
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
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.24%, while traders in NZD/USD are at opposite extremes with 67.30%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/KhSpML2e1A
  • 🇷🇺 Interest Rate Decision Actual: 4.25% Expected: 4.25% Previous: 4.25% https://www.dailyfx.com/economic-calendar#2020-09-18
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Gold: 0.51% Silver: 0.47% Oil - US Crude: 0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/neu57eYQAY
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.44% 🇯🇵JPY: 0.43% 🇬🇧GBP: 0.15% 🇨🇭CHF: -0.01% 🇪🇺EUR: -0.03% 🇦🇺AUD: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/H9AOMIjOnG
  • Heads Up:🇷🇺 Interest Rate Decision due at 10:30 GMT (15min) Expected: 4.25% Previous: 4.25% https://www.dailyfx.com/economic-calendar#2020-09-18
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/UalZ8cRSXB https://t.co/0sMIVrdslY
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: US 500: 0.10% Germany 30: -0.03% Wall Street: -0.09% FTSE 100: -0.27% France 40: -0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/PmpWrAsueT
  • EU Bank regulators are moving closer to end ban of dividends next year
  • Technical indicators are chart analysis tools that can help traders better understand and act on price movement. Learn more about the importance of technical analysis here: https://t.co/NpC1D8y4Aa https://t.co/gaUllv1kra
  • Heads Up:💶 ECB Guindos Speech due at 09:15 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-09-18
Guest Commentary: Gold & Silver Daily Outlook 08.22.2012

Guest Commentary: Gold & Silver Daily Outlook 08.22.2012

2012-08-22 11:53:00
Lior Cohen: Commodities Analyst,
Share:

The prices of gold and silver, much like the Euro, hiked on Tuesday as many forex and bullion traders anticipate the ECB bond purchasing program will commence in the near future. There are also speculations on whether the People's Bank of China will stimulate the Chinese economy. Japan's trade balance report indicated a slowdown in Japan as the exports had declined by 8.1% during July. This news, however didn't seem to have much on an effect on the financial markets. Currently, gold and silver prices are declining. On today's agenda: Retails Sales Canada, Minutes of July's FOMC Meeting, U.S. Existing Home Sales and China flash Manufacturing PMI.

On Tuesday, Gold hiked by 1.23% to $1,642.9; Silver also traded sharply up by 2.92% to $29.51. During August, gold rose by 1.75%; silver, by 5.73%.

The ratio between the two precious metals declined on Tuesday to 55.67. During August the ratio fell by 3.76% as gold under-performed silver.

Guest_Commentary_Gold_Silver_Daily_Outlook_August_22_2012_body_Ratio_August_22.png, Guest Commentary: Gold & Silver Daily Outlook 08.22.2012

On Today's Agenda

Minutes of FOMC Meeting: Following the recent FOMC meeting, in which it was decided to keep the monetary policy unchanged without introducing any additional stimulus plans, the bullion market reacted to this news. The minutes of the FOMC meeting might add some insight behind the latest "non-decision"; it could also offer some hints as to the future steps of the FOMC in anticipation of the next month's FOMC meeting;

China flash Manufacturing PMI: according to the HSBC Manufacturing PMI flash July update the Manufacturing PMI rose to 49.5, which means the manufacturing conditions are still not progressing in China;

Daily Outlook

The hike in the Euro was plausibility among the key factors pulling up gold and silver. Despite this renewed optimism the green light hasn't been turned on yet so this rally could reach a halt until an actual announcement will be made. Today's U.S reports including minutes of the FOMC meeting and U.S existing home sales report could affect not only the US dollar but also precious metals, as indicated above. The report on Canada's retail sales could also have a modest effect on the Canadian dollar which is strongly linked with bullion rates. China's manufacturing PMI report could also affect the market sentiment as to the progress of China's economy. If this report will continue to show contraction it could adversely affect commodities.

For further reading: Gold & Silver | Outlook August 20-24

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