Natural Gas Fundamental Analysis May 25, 2012, Forecast

By FXEmpire.com

Analysis and Recommendations:

Natural Gas lost a bit of strength today, to fall 0.013. Most of the commodities saw small to medium size gains today, while NG continued to buck the overall trend. The commodity traded for 2.783 as investors took the opportunity to take profits.

Weather remains the main factor is supporting current prices, as summer draws near temperatures are continuing to rise, the weather service is forecasting an early summer, which means more energy requirements for air conditioning. This excess production allows energy producers to switch from coal to the less expensive NG, which helps drive demand and reduce inventories.

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 May 24, 2012 actual v. forecast

Date

Time

Currency

Event

Actual

Forecast

Previous

May 24

03:30

CNY

Chinese HSBC Mfg PMI

48.70

49.30

07:00

EUR

German GDP (QoQ)

0.5%

0.5%

0.5%

07:00

EUR

German GDP (YoY)

1.7%

1.7%

1.7%

07:58

EUR

French Manufacturing PMI

44.4

47.0

46.9

08:28

EUR

German Manufacturing PMI

45.0

47.0

46.2

09:00

EUR

German Ifo Business Climate

106.9

109.4

109.9

09:00

EUR

Manufacturing PMI

45.0

46.1

45.9

09:00

EUR

German Current Assessment

113.3

117.4

117.5

09:00

EUR

German Business Expectations

100.9

102.0

102.7

09:30

GBP

BBA Mortgage Approvals

32.4K

32.3K

31.9K

09:30

GBP

Business Investment (QoQ)

3.6%

3.2%

-3.3%

09:30

GBP

GDP (QoQ)

-0.3%

-0.2%

-0.2%

09:30

GBP

GDP (YoY)

-0.1%

0.0%

0.0%

13:30

USD

Core Durable Goods Orders

-0.6%

0.9%

-0.8%

13:30

USD

Durable Goods Orders (MoM)

0.2%

0.5%

-3.7%

13:30

USD

Initial Jobless Claims

370K

370K

372K

13:30

USD

Continuing Jobless Claims

3260K

3250K

3289K

WEEKLY

Click here to read Natural Gas Technical Analysis.

Originally posted here

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