Natural Gas Fundamental Analysis August 14, 2012, Forecast

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Analysis and Recommendations:

Natural Gas added a few cents today, to trade at 2.7770 after speculators talked the price up over 3.20 less than a month ago and then took profits and ran, last week, Natural Gas dropped close to 20 cents on Friday, as investors bought back the commodity today at rock bottom prices.

With a loss of more than 0.70 percent from last Friday’s closing. Residential consumption by using natural gas has been declined by more than 1.5 percent in the last week. Total gas demand increased by only 0.75 percent, lower than last year at the same time above 3 percent

FxEmpire 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 up to the data analysis and information in our weekly reports.

Economic Data August 13, 2012 actual v. forecast

Date

Time

 

Currency

 

Importance

 

Event

Actual

 

Forecast

 

Previous

 

 

Aug. 13

00:50

 

JPY

 

 

 

GDP (QoQ) 

0.3%

 

0.6% 

 

1.3% 

   

 

09:00

 

NOK

 

 

 

Norwegian Core Retail Sales (MoM) 

-1.40%

 

-1.00% 

 

1.70% 

 

 

WEEKLY

 

Upcoming Economic Events that affect the CHF, EUR, GBP and USD

Date

Time

Currency

Event 

Previous

Aug 14

5:30

EUR

French Prelim GDP q/q

0.0%

 

6:00

EUR

German Prelim GDP q/q

0.5%

 

6:45

EUR

French Prelim Non-Farm Payrolls q/q

0.1%

 

7:15

CHF

PPI m/m

-0.3%

 

9:00

EUR

German ZEW Economic Sentiment

-19.6

 

9:00

EUR

Flash GDP q/q

0.0%

 

9:00

EUR

Industrial Production m/m

0.6%

 

9:00

EUR

ZEW Economic Sentiment

-22.3

 

12:30

USD

Core Retail Sales m/m

-0.4%

 

12:30

USD

PPI m/m

0.1%

 

12:30

USD

Retail Sales m/m

-0.5%

 

14:00

USD

Business Inventories m/m

0.3%

 

12:30

USD

Core CPI m/m

0.2%

 

12:30

USD

Empire State Manufacturing Index

7.4

 

13:00

USD

TIC Long-Term Purchases

55.0B

 

13:15

USD

Capacity Utilization Rate

78.9%

 

13:15

USD

Industrial Production m/m

0.4%

 

14:30

USD

Crude Oil Inventories

-3.7M

Aug 16

9:00

CHF

ZEW Economic Expectations

-42.5

 

9:00

EUR

CPI y/y

2.4%

 

12:30

USD

Building Permits

0.76M

 

12:30

USD

Unemployment Claims

361K

 

12:30

USD

Housing Starts

0.76M

 

14:00

USD

Philly Fed Manufacturing Index

-12.9

Aug 17

6:00

EUR

German PPI m/m

-0.4%

 

8:00

EUR

Current Account

10.9B

 

13:55

USD

Prelim UoM Consumer Sentiment

72.3

Government Bond Auctions

Date  Time  Country 

Aug 14  09:10  Greece 

Aug 14  09:10  Italy

Aug 14  09:30  Belgium

Aug 14  14:30  UK

Aug 15  09:10  Sweden

Aug 16  09:30  UK

Aug 16  15:00  US 

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About: FX Empire Analyst - Barry Norman

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