Natural Gas Fundamental Analysis July 31, 2012, Forecast

Posted July 30, 2012 14:38 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Analysis and Recommendations:

Natural Gas continued to add trading at 3.148 surprising traders with gain of more than 1 percent. The US Energy department reported that natural gas demand has been increased by more than 1 percent in the last week, highly contributed by power sector which might be supporting gas futures to trade on higher side. Other than this, optimism from major central banks in the world to recover global economy might be adding positive point in prices. However, we may expect gas prices to come under pressure as residential consumption in US likely to slow down due to mild weather expectation by US weather department in today.

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 for July 30, 2012 actual v. forecast

Date

Time

Currency

Importance

Event

Actual

Forecast

Previous

Jul. 30

00:50

JPY

Industrial Production (MoM)

-0.1%

1.5%

-3.4%

02:00

AUD

HIA New Home Sales (MoM)

2.8%

0.7%

10:20

EUR

Italian 10-Year BTP Auction

5.96%

5.82%

11:00

GBP

CBI Distributive Trades Survey

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 and GBP

Date	Time	Currency	Event	Forecast	Previous
Jul 31	6:45	EUR	French Consumer Spending m/m		0.4%
	7:55	EUR	German Unemployment Change		7K
	9:00	EUR	CPI Flash Estimate y/y		2.4%
	9:00	EUR	Unemployment Rate		11.1%
Aug 1	1st-8th	GBP	Halifax HPI m/m		1.0%
	7:15	EUR	Spanish Manufacturing PMI		41.1
	7:45	EUR	Italian Manufacturing PMI		44.6
	8:30	GBP	Manufacturing PMI		48.6
Aug 2	7:00	EUR	Spanish Unemployment Change		-98.9K
	7:15	CHF	Retail Sales y/y		6.2%
	7:30	CHF	SVME PMI		48.1
	8:30	GBP	Construction PMI		48.2
	11:00	GBP	Asset Purchase Facility		375B
	11:00	GBP	Official Bank Rate	0.50%	0.50%
	11:45	EUR	Minimum Bid Rate	0.75%	0.75%
	12:30	EUR	ECB Press Conference
Aug 3	8:30	GBP	Services PMI		51.3
	9:00	EUR	Retail Sales m/m		0.6%

Government Bond Auctions

Date Time Country

Jul 31 00:30 Japan

Jul 31 09:30 Belgium

Aug 01 09:30 Germany

Aug 01 10:00 Norway

Aug 01 13:00 US

Aug 02 08:30 Spain

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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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