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.

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
Subscribe
Please try again
More View more
Real Time News
  • Further your forex knowledge and gain insights from our expert analysts @ddubrovskyFX and @FxWestwater on JPY with our free Q4 market analysis guide, available for free today. https://t.co/xpwkc39X5M
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.75%, while traders in USD/JPY are at opposite extremes with 73.09%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/6bUTL5FBE8
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.19% 🇳🇿NZD: 0.16% 🇪🇺EUR: 0.02% 🇨🇭CHF: -0.04% 🇦🇺AUD: -0.10% 🇨🇦CAD: -0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/ljUgiY0Okl
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: US 500: 0.18% Wall Street: 0.16% FTSE 100: 0.06% Germany 30: -0.01% France 40: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/iW9yhyAQz7
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn more about controlling greed here: https://t.co/5GXReUsKRj https://t.co/mO5zLx9fYU
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here: https://t.co/zEEUHZBx7g https://t.co/h4IobFxst9
  • Earnings will remain a key theme ahead with AMZN and AAPL due to follow GOOG's and MSFT's failure to push a Nasdaq 100 to record highs while the ECB will follow in the BOC's and Brazil hawkish policy mix. That said, I'm watching the Dollar most closely: https://www.dailyfx.com/forex/video/daily_news_report/2021/10/28/Nasdaq-100-Fails-to-Break-Despite-Google-EURUSD-Will-Struggle-for-Break-Despite-Heavy-Event-Risk.html https://t.co/dyXrxok07K
  • 🇯🇵 BoJ Interest Rate Decision Actual: -0.1% Expected: -0.1% Previous: -0.1% https://www.dailyfx.com/economic-calendar#2021-10-28
  • Heads Up:🇯🇵 BoJ Quarterly Outlook Report due at 03:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-10-28
  • Heads Up:🇯🇵 BoJ Interest Rate Decision due at 03:00 GMT (15min) Expected: -0.1% Previous: -0.1% https://www.dailyfx.com/economic-calendar#2021-10-28
Guest Commentary: Gold & Silver Daily Outlook 11.27.2012

Guest Commentary: Gold & Silver Daily Outlook 11.27.2012

By Lior Cohen, Commodities Analyst at Trading NRG,

The prices of gold and silver remained nearly unchanged on the first day of the week. The low volatility in the precious metals markets was also the case in other commodities, foreign exchange and stock markets. This low volatility is likely to continue in the days to follow. The EU ministers of finance finally reached an agreement regarding the Greek bailout. One of the details agreed upon was that Greece will cut its debt/GDP ratio to 124% by the year 2020. Greece was also cleared to receive 34.4 billion euro as a loan during December. This news is likely to pull up the Euro. On today's agenda: U.S Core Durable Goods, GB revised GDP Q3 2012, and U.S Consumer Confidence.

On Monday, the price of gold edged down by 0.1% to $1,749.6; Silver price increased by 0.06% to $34.14. During the month, gold rose by 1.77%; silver, by 5.63%.

Currencies / Bullion Market – November Update

The Euro/ USD remained unchanged on Monday at 1.2972. Moreover, some currencies such as Aussie dollar slightly appreciated yesterday against the USD by 0.04%. The recent decision of the EU ministers of finance regarding the Greek bailout is likely to pull up the Euro and other "risk currencies". As seen in the chart below, the correlations among gold, Euro and Aussie are still strong and positive: during November, the linear correlation between gold and Euro /USD reached 0.56 (daily percent changes). Thus, if the Euro and other risk currencies will continue to trade up against the USD, they are likely to pull up gold and silver.

Gold_and_Silver_Outlook_for_11_27_2012_body_1127.jpg, Guest Commentary: Gold & Silver Daily Outlook 11.27.2012

U.S Core Durable Goods: This report may indirectly indicate the shifts in U.S. demand for commodities. As of September, new orders of manufactured durable goods declined by $19.6 billion to $218.2 billion; if this report will show a rise in new orders then it could pull up not only the US dollar but also bullion prices;

U.S Consumer Confidence: according to the previous monthly report, the consumer confidence index rose again in October (M-o-M). The current expectations are that the November index may change direction and slide down.

For further reading:Gold And Silver Outlook For November 26-30

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