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

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