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Precious Metals Weekly Analysis Forecast – June 15-19, 2015 – Forecast – Gold, Silver & Platinum

Precious Metals Weekly Fundamental Analysis – June 15-19, 2015 – Forecast - Gold, Silver & Platinum

Precious Metals Weekly Fundamental Analysis – June 15-19, 2015 – Forecast – Gold, Silver & Platinum

Weekly Analysis and Recommendations (Precious Forecast):

Gold ended the week just about where it started bouncing as high as $1185 and falling to $1175 over the week as Greek problems stressed markets and positive data from the US gave way to more talk about the FOMC decisions. Silver ended at 15.92 well below its support level at $16 and Platinum was weak at 1095.00.

Next Wednesday’s Federal Open Market Committee (FOMC) meeting will provide some focus for the US economy. Friday’s retail sales figures, along with last week’s better than expected US jobs data, boosted US economic prospects and the attraction of the dollar. The greenback had somewhat of a lull earlier this week, potentially hit by World Bank and IMF warnings to the FOMC not to raise interest rates before next year, but, with each set of positive data, it is likely to grow in strength.’

‘Platinum and palladium remained stable this week, with minimal customer activity compared to the much more volatile silver. The gold selling we have seen this week has come out of Switzerland, with a good percentage of the buying heading east into Singapore and Hong Kong.’

‘The continuing talks over Greek’s debt situation has boosted safe haven support for gold, but, the deadline is looming and there will have to be an outcome for this situation before the end of the month.’

ForexTraq provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more recent analysis and information in our weekly reports and we provide daily updates and outlooks.

Historical: From 2011 to present – Gold

Highest: 1911.60 on Sep 06, 2011

Average: 1333.45 over this period

Lowest:   1167.20 on November 4, 2014

 gold silver weekly

Major Economic Events for the week that you should be monitoring

 

Cur.

 

Event

Actual

Forecast

Previous

 

Monday, June 15, 2015

 

  RUB

 

Interest Rate Decision (Jun)

 

11.50%

12.50%

 

 

Tuesday, June 16, 2015

 

  GBP

 

CPI (YoY) (May)

 

0.1%

-0.1%

 

 

 

  EUR

 

German ZEW Economic

 

37.1

41.9

 

 

 

  USD

 

Building Permits (May)

 

1.100M

1.140M

 

 

Wednesday, June 17, 2015

 

  GBP

 

Claimant Count Change (May)

 

-12.5K

-12.6K

 

 

 

  EUR

 

CPI (YoY) (May)

 

0.3%

0.3%

 

 

 

  USD

 

FOMC Statement  

 

 

 

 

 

 

  USD

 

Fed Interest Rate Decision

 

0.25%

0.25%

 

 

 

  USD

 

Fed Chair Yellen Speaks  

 

 

 

 

 

Thursday, June 18, 2015

 

  NZD

 

GDP (QoQ) (Q1)

 

 

0.8%

 

 

 

  GBP

 

Retail Sales (MoM) (May)

 

0.2%

1.2%

 

 

 

  USD

 

Core CPI (MoM) (May)

 

0.2%

0.3%

 

 

 

  USD

 

Philadelphia Fed

 

8.0

6.7

 

 

Friday, June 19, 2015

 

  CAD

 

Core CPI (MoM) (May)

 

0.3%

0.1%

 

 

 

  CAD

 

Core Retail Sales (MoM) (Apr)

 

0.3%

0.5%

   

Upcoming Government Bond Auctions

Date Time Country 

Jun 15 00:00 UK New 30 year I/L syndicated Gilt auction

Jun 17 11:03 Sweden Holds bond auction

Jun 17 11:30 Germany Eur 3bn Feb 2025 Bund

Jun 18 10:30 Spain Auctions Bonos/Obligations

Jun 18 11:10 France Auctions BTANs

Jun 18 12:10 France Auctions OATi

Jun 18 17:00 US Details 2-year FRNs

Jun 18 17:00 US Announces details of 2/5/7 year notes

Jun 18 18:00 US Auctions 30-year TIPs sale on 24 Jun

Precious analysis forecast

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