Today’s German IFO report is expected to move forex and commodity markets alike. Germany barely avoided a technical recession in the third quarter, but the second-quarter was revised lower. With a fragile Eurozone economy, German data has become more sensitive at a time the German finance ministry believes there are no issues that require more fiscal spending by governments. How will Silver react to a surprise reading in the IFO data? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

UK CBI data will be eagerly anticipated as the holiday shopping season is approaching with elections in the way. A pair of US regional reports, both expected to show a contraction in their respective regions, could result in a volatility spike during today’s trading session. US-China trade negotiations will additionally play a key driver in the commodity sector, but safe-haven assets such as Silver could have a strong finish to the year. What impact will US economic data have on price action? Today’s fundamental analysis will take a look at the upside potential as well as the downside risk in this currency pair.