By FXEmpire.com

Analysis and Recommendations:

Natural Gas is trading at 3.135 down a couple of pips, as investor’s posture before tomorrow’s inventory release. Markets are expecting a fairly sizable reduction in inventory due to the excessive high temperatures across the US, with drought conditions throughout the mid west.

Temperatures for June were the highest in history and July is following closely in its path with August expecting to remain the same. Electricity consumption is up some 30% adding to demand usage of natural gas.

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 July 25, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Jul. 25

JPY

Trade Balance

-0.30T

-0.39T

-0.62T

AUD

CPI (QoQ)

0.5%

0.6%

0.1%

AUD

Trimmed Mean CPI (QoQ)

0.5%

0.6%

0.3%

EUR

German Ifo Business Climate Index

103.3

104.7

105.2

EUR

German Current Assessment

111.6

113.0

113.9

EUR

German Business Expectations

95.6

96.7

97.2

GBP

GDP (QoQ)

-0.7%

-0.2%

-0.3%

GBP

GDP (YoY)

-0.8%

-0.3%

-0.2%

GBP

CBI Industrial Trends Orders

-6

-12

-11

USD

New Home Sales

372K

369K

WEEKLY

Upcoming Economic Events that affect the CHF, EUR, GBP and USD

Date

Time

Currency

Event

Previous

Jul 26

6:00

EUR

GfK German Consumer Climate

5.8

8:00

EUR

M3 Money Supply y/y

2.9%

12:30

USD

Core Durable Goods Orders m/m

0.7%

12:30

USD

Unemployment Claims

14:00

USD

Pending Home Sales m/m

5.9%

Jul 27

27th-31st

GBP

Nationwide HPI m/m

-0.6%

All Day

EUR

German Prelim CPI m/m

-0.1%

7:00

CHF

KOF Economic Barometer

1.16

12:30

USD

Advance GDP q/q

1.9%

13:55

USD

Revised UoM Consumer Sentiment

72.0

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Originally posted here