By FXEmpire.com
Analysis and Recommendations:
Natural Gas is trading at 2.751 adding 0.026, as markets adjust and correct from their reaction after inventories were released yesterday. U.S. natural gas prices fell sharply yesterday after cooler than normal temperatures led to lower demand for power to drive air conditioners, the Energy Information Administration said.
During the week ending August 15, U.S. gas consumption fell 2.7% from the previous week, led by a drop of 6.8% in the power sector. Average U.S. temperatures during the week were 2 degrees cooler than the same period in 2011. Working natural gas in underground storage increased to 3.261 trillion cubic feet as of August 10, an implied net injection of 20 billion cubic feet from the previous week. Storage levels are up almost 16% from a year ago.
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 17, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
EUR |
German PPI (MoM) |
0.0% |
0.4% |
-0.4% |
|
|
EUR |
German PPI (YoY) |
0.9% |
1.3% |
1.6% |
|
|
EUR |
Current Account |
12.7B |
11.1B |
10.3B |
|
|
EUR |
Trade Balance |
10.5B |
5.4B |
6.8B |
|
|
Core CPI (MoM) |
-0.1% |
0.2% |
-0.4% |
||
|
CAD |
CPI (MoM) |
-0.1% |
0.2% |
-0.4% |
|
|
CAD |
CPI (YoY) |
1.3% |
2.0% |
1.5% |
|
|
USD |
Michigan Consumer Sentiment |
73.6 |
72.4 |
72.3 |
|
|
USD |
Michigan Inflation Expectations |
3.6% |
3.0% |
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 21 |
8:30 |
GBP |
Public Sector Net Borrowing |
12.1B |
|
10:00 |
GBP |
CBI Industrial Order Expectations |
-6 |
|
|
Aug 22 |
14:00 |
USD |
Existing Home Sales |
4.37M |
|
14:30 |
USD |
Crude Oil Inventories |
-3.7M |
|
|
18:00 |
USD |
FOMC Meeting Minutes |
Click here a current Natural Gas Chart.
Originally posted here
