By FXEmpire.com
Analysis and Recommendations:
Natural Gas is trading at 2.885 after investors took profits and then prices tumbled on lower weather forecasts and higher than expected inventories reports for last week.
AccuWeather is now predicting milder temperatures across the US this week and for the first part of the month, lowering the demand for electricity and therefore for the use 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 August 2, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Aug. 03 |
TRY |
Turkish CPI (MoM) |
-0.23% |
-0.10% |
-0.90% |
|
EUR |
Retail Sales (MoM) |
0.1% |
-0.1% |
0.8% |
|
|
USD |
Average Hourly Earnings (MoM) |
0.1% |
0.2% |
0.3% |
|
|
USD |
Nonfarm Payrolls |
163K |
100K |
64K |
|
|
USD |
Unemployment Rate |
8.3% |
8.2% |
8.2% |
|
|
USD |
Average Weekly Hours |
34.5 |
34.5 |
34.5 |
|
|
USD |
Private Nonfarm Payrolls |
172K |
110K |
73K |
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 6 |
8:30 |
EUR |
-29.6 |
|
|
23:01 |
GBP |
1.4% |
||
|
Aug 7 |
7:00 |
CHF |
364.9B |
|
|
7:15 |
CHF |
-0.3% |
||
|
8:00 |
EUR |
0.8% |
||
|
8:30 |
GBP |
1.2% |
||
|
10:00 |
EUR |
0.6% |
||
|
14:00 |
GBP |
-0.2% |
||
|
Aug 8 |
5:45 |
CHF |
-8 |
|
|
9:30 |
GBP |
|||
|
10:00 |
EUR |
1.6% |
||
|
12:30 |
USD |
-0.9% |
||
|
12:30 |
USD |
1.3% |
||
|
14:30 |
USD |
|||
|
Aug 9 |
8:00 |
EUR |
||
|
8:30 |
GBP |
-8.4B |
||
|
12:30 |
USD |
-48.7B |
||
|
12:30 |
USD |
|||
|
Aug 10 |
6:45 |
EUR |
-1.9% |
|
|
8:30 |
GBP |
-2.2% |
||
|
12:30 |
USD |
-2.7% |
||
|
18:00 |
USD |
-59.7B |
Click here to read Natural Gas Technical Analysis.
Originally posted here
