Natural Gas Fundamental Analysis August 6, 2012, Forecast

Posted August 03, 2012 14:30 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
Add a comment

Category:

Fundamental Reports

Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

Analysis and Recommendations:

Natural Gas is trading at 2.885 after investors took profits and then prices tumbled on lower temperature and weather forecasts and higher than expected inventories reports for last week.

AccuWeather is now predicting milder temperatures across the US this week and for the first part of the month, lowering the demand for electricity and therefore for the use of natural gas.

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 2, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Aug. 03

TRY

Turkish CPI (MoM)

-0.23%

-0.10%

-0.90%

EUR

Retail Sales (MoM)

0.1%

-0.1%

0.8%

USD

Average Hourly Earnings (MoM)

0.1%

0.2%

0.3%

USD

Nonfarm Payrolls

163K

100K

64K

USD

Unemployment Rate

8.3%

8.2%

USD

Average Weekly Hours

34.5

34.5

USD

Private Nonfarm Payrolls

172K

110K

73K

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 6	8:30	EUR	Sentix Investor Confidence	-29.6
	23:01	GBP	BRC Retail Sales Monitor y/y	1.4%
Aug 7	7:00	CHF	Foreign Currency Reserves	364.9B
	7:15	CHF	CPI m/m	-0.3%
	8:00	EUR	Italian Industrial Production m/m	0.8%
	8:30	GBP	Manufacturing Production m/m	1.2%
	10:00	EUR	German Factory Orders m/m	0.6%
	14:00	GBP	NIESR GDP Estimate	-0.2%
Aug 8	5:45	CHF	SECO Consumer Climate	-8
	9:30	GBP	BOE Inflation Report
	10:00	EUR	German Industrial Production m/m	1.6%
	12:30	USD	Prelim Nonfarm Productivity q/q	-0.9%
	12:30	USD	Prelim Unit Labor Costs q/q	1.3%
	14:30	USD	Crude Oil Inventories
Aug 9	8:00	EUR	ECB Monthly Bulletin
	8:30	GBP	Trade Balance	-8.4B
	12:30	USD	Trade Balance	-48.7B
	12:30	USD	Unemployment Claims
Aug 10	6:45	EUR	French Industrial Production m/m	-1.9%
	8:30	GBP	PPI Input m/m	-2.2%
	12:30	USD	Import Prices m/m	-2.7%
	18:00	USD	Federal Budget Balance	-59.7B

Want to read more articles like this one?

Enter your e-mail address and read FX Empire content directly from your inbox.

We value your privacy. Your e-mail address will not be shared.

About: FX Empire Analyst - Barry Norman

Barry produces a private Daily Market Review newsletter that is distributed around the globe to over 25,000 subscribers and recently published a book on Options Trading that is available from amazon.com

View all of FX Empire Analyst - Barry Norman's Articles