Analysis and Recommendations:
Natural Gas is trading at 3.162 falling 0.48 in today’s session as investors booked profits.
Eni, the Italian energy company has announced a significant find of natural gas and will release the details later today.
The US energy agency forecast that natural gas storage is likely to increase by 21 BCF, lower than prior week. As per US Energy department, 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. The any gains may be limited in gas prices as residential consumption in US likely to slow down due to mild weather expectation by US weather department.
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 recent analysis and information in our weekly reports and we provide daily updates and outlooks
Economic Events: (GMT)
Economic Data August 1, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Aug. 01 |
KRW |
South Korean CPI (YoY) |
1.5% |
2.0% |
2.2% |
|
KRW |
South Korean CPI (MoM) |
-0.2% |
0.3% |
-0.1% |
|
|
CNY |
Chinese Manufacturing PMI |
50.10 |
50.30 |
50.20 |
|
|
AUD |
House Price Index (QoQ) |
0.50% |
-0.50% |
-0.10% |
|
|
CNY |
Chinese HSBC Manufacturing PMI |
49.50 |
49.50 |
||
|
GBP |
Nationwide HPI (MoM) |
-0.7% |
-0.1% |
-0.6% |
|
|
EUR |
Italian Manufacturing PMI |
44.30 |
44.20 |
44.60 |
|
|
EUR |
French Manufacturing PMI |
43.4 |
43.6 |
43.6 |
|
|
EUR |
German Manufacturing PMI |
43.0 |
43.3 |
43.3 |
|
|
EUR |
Manufacturing PMI |
44.0 |
44.1 |
44.1 |
|
|
GBP |
Manufacturing PMI |
45.4 |
48.7 |
48.4 |
|
|
USD |
163K |
120K |
176K |
WEEKLY
- Heating Oil & Propane Update (October-March)
Heating Oil, Propane Residential and Wholesale Price Data
Release Schedule: Wednesday at 1:00 p.m. EST - Weekly Coal Production
Release Schedule: Thursday by 5:00 p.m. EST - Weekly NYMEX Coal Futures
Release Schedule: Monday by 5:00 p.m. EST - 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 USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Aug 2 |
12:30 |
USD |
353K |
||
|
14:00 |
USD |
0.7% |
|||
|
Aug 3 |
12:30 |
USD |
80K |
||
|
12:30 |
USD |
8.2% |
|||
|
12:30 |
USD |
0.3% |
|||
|
14:00 |
USD |
52.1 |
Government Bond Auctions
Date Time Country
Aug 02 08:30 Spain
Aug 06 09:10 Norway
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
