Natural Gas Fundamental Analysis August 28, 2012, Forecast

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By FX Empire Analyst - Barry Norman
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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

 

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

Date

Time

Currency

Event

Previous

Aug. 28

07:00

EUR

GfK German Consumer Climate 

5.9 

 

15:00

USD

CB Consumer Confidence 

65.9 

Aug. 29

01:00

EUR

German CPI (MoM) 

0.4% 

 

01:00

EUR

German CPI (YoY) 

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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