Natural Gas Fundamental Analysis August 22, 2012, Forecast
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Analysis and Recommendations:
Natural Gas gained 0.029 to trade at 2.805 following cues from the overall commodities pack, as all energy and metals traded positive today.
Temperatures in the US are higher than expected which might help reduce inventory this week. There are no storms or pressures to cause any fundamental increase, except a recent article stated that natural gas as of April surpassed coal as the prime fuel for electricity and that NG was more efficient and natural gas plants had lower capital expense. The article points out that all new power plants will use natural gas now that it is abundant supply.
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 22, 2012 actual v. forecast
|
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
|
|
Aug. 21 |
|
AUD |
|
|
Monetary Policy Meeting Minutes |
|
|
|
|
|
|
||
|
|
|
NZD |
|
|
Inflation Expectations (QoQ) |
2.3% |
|
|
|
2.4% |
|
||
|
|
|
HKD |
|
|
Hong Kong CPI (YoY) |
1.60% |
|
3.40% |
|
3.70% |
|
||
|
|
|
GBP |
|
|
CBI Industrial Trends Orders |
-21 |
|
-8 |
|
-6 |
|
||
|
|
|
CAD |
|
|
Wholesale Sales (MoM) |
-0.1% |
|
0.4% |
|
0.9% |
WEEKLY
-
Natural Gas Weekly Update
Release Schedule: Thursday between 2:00 and 2:30 p.m. (Eastern Time) -
Weekly Natural Gas Storage Report
Release Schedule: Thursday at 10:30 (Eastern Time) (schedule)
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Aug 22 |
7:00am |
CHF |
2.10B |
||
|
8:00am |
EUR |
43.8 |
2.25B |
||
|
8:00am |
EUR |
50.1 |
43.4 |
||
|
Aug 23 |
8:30am |
EUR |
43.6 |
50.0 |
|
|
8:30am |
EUR |
50.2 |
43.0 |
||
|
9:00am |
EUR |
44.3 |
50.3 |
||
|
9:00am |
EUR |
47.9 |
44.0 |
||
|
9:30am |
GBP |
28.2K |
47.9 |
||
|
11:00am |
GBP |
16 |
26.3K |
||
|
1:30pm |
USD |
365K |
11 |
||
|
2:00pm |
USD |
51.3 |
366K |
||
|
3:00pm |
USD |
362K |
51.4 |
||
|
9:30am |
GBP |
-0.5% |
350K |
||
|
9:30am |
GBP |
2.8% |
-0.7% |
||
|
1:30pm |
USD |
0.5% |
1.9% |
||
|
Aug 24 |
1:30pm |
USD |
2.8% |
-1.4% |
|
|
2:00pm |
EUR |
-10.8 |
1.3% |
||
Government Bond Auctions
Date Time Country
21/8 10:30 Spain
21/8 12:00 EFSF
22/8 11:30 Germany
22/8 11:10 Sweden
23/8 05:45 Japan
23/8 11:30 UK
23/8 19:00 US
27/8 11:30 Germany
28/8 10:30 Spain
28/8 11:00 Italy
28/8 19:00 US
29/8 11:00 Italy
29/8 19:00 US
30/8 05:35 Japan
30/8 11:00 Italy
30/8 19:00 US
EUR/USD Forecast May 23, 2013, Technical Analysis
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EUR/USD Mid-Session Analysis for May 22, 2013
AUD/USD Forecast May 23, 2013, Technical Analysis
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