Natural Gas Fundamental Analysis August 8, 2012, Forecast

Posted August 07, 2012 15:36 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Analysis and Recommendations:

Natural Gas is trading at 2.9333 up a bit in today’s session, after falling from a high close to 3.20 just a few days ago. Investors sold off for profits and also a drop in the temperature reduced the need for extra electrical output. The demand for natural gas, for the excess production declined by 3%.

Higher than expected inventories continue to weight on prices.

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 7, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Aug. 07

AUD

Interest Rate Decision

3.50%

3.50%

AUD

RBA Rate Statement

CHF

Unemployment Rate

2.9%

2.9%

CHF

CPI (MoM)

-0.5%

-0.6%

-0.3%

GBP

Industrial Production (MoM)

-2.5%

-3.4%

1.0%

GBP

Manufacturing Production (MoM)

-2.9%

-4.1%

1.2%

GBP

Industrial Production (YoY)

-4.3%

-5.0%

-1.8%

EUR

German Factory Orders (MoM)

-1.7%

-1.0%

0.7%

CAD

Building Permits (MoM)

-2.5%

-4.0%

7.1%

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 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

Government Bond Auctions

Date Time Country

Aug 08 09:30 Germany

Aug 08 10:00 Norway

Aug 08 15:30 Italy

Aug 08 17:00 US

Aug 09 15:30 Italy

Aug 09 17:00 US

Aug 10 10:00 Belgium

Aug 13 09:10 Italy

Aug 13 09:10 Norway

Aug 13 09:30 Germany

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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

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