Natural Gas Fundamental Analysis August 7, 2012, Forecast

By FXEmpire.com

Analysis and Recommendations:

Natural Gas added back some of its losses on Friday after investors took profits and turned negative after higher than expected inventories were reported by the EIA. On Friday as markets and commodities surged, Natural Gas was the only commodity to buck the trend. Today, NG picked up some of its losses as buyers were able to repurchase the commodity at lower prices.

Last week Natural Gas had climbed to just below 3.20. Weather forecast for the US have dropped to normal range reducing the demand for excess energy production

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 6, 2012 actual v. forecast

Date		Currency			Event	Actual		Forecast	Previous
Aug. 06		AUD			MI Inflation Gauge (MoM)	0.2%		-0.2%
TWD			Taiwanese CPI (YoY)	2.46%		2.02%	1.77%
AUD			ANZ Job Advertisements (MoM)	-0.80%		-1.10%
GBP	Halifax House Price Index (MoM)		-0.6%	-0.5%		0.8%

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 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

Government Bond Auctions

Date Time Country

Aug 07 00:30 Japan

Aug 07 09:15 Austria

Aug 07 14:30 UK

Aug 07 17:00 US

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

Click here a current Natural Gas Chart.

Originally posted here