Natural Gas Fundamental Analysis August 28, 2012, Forecast
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Analysis and Recommendations:
Natural Gas dipped today to trade at 2.702 down 0.0.32. Prices eased as the tropical storm threat in Gulf region began to dissipate. The Gulf of Mexico accounts for more than 7 percent of US natural gas production. As per National Hurricane Centre, tropical storm Isaac is getting strength near hurricane and expected to move eastern Gulf of Mexico early Monday. As the day passed without serious damage or threat prices declined for both crude oil and natural gas.
But concern of declining demand is there from Residential and commercial sector. As per US energy department, natural gas demand has been decline by more than 5 percent in the last week.
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 27, 2012 actual v. forecast
|
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
|
|
Aug. 27 |
|
SEK |
|
|
Swedish Retail Sales (MoM) |
0.30% |
|
0.20% |
|
-0.30% |
|||
|
|
|
EUR |
|
|
German Ifo Business Climate Index |
102.3 |
|
102.6 |
|
103.2 |
|||
|
|
|
EUR |
|
|
German Current Assessment |
111.2 |
|
110.8 |
|
111.5 |
|||
|
|
|
EUR |
|
|
German Business Expectations |
94.2 |
|
95.0 |
|
95.5 |
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
|
Date |
Time |
Currency |
Event |
Previous |
|
Aug. 28 |
07:00 |
EUR |
5.9 |
|
|
|
15:00 |
USD |
65.9 |
|
|
Aug. 29 |
01:00 |
EUR |
0.4% |
|
|
|
01:00 |
EUR |
1.7% |
Government Bond Auctions
Date Time Country
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
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