By FXEmpire.com
Analysis and Recommendations:
Natural Gas is trading at 2.9333 up a bit in today’s session, after falling from a high close to 3.20 just a few days ago. Investors sold off for profits and also a drop in the temperature reduced the need for extra electrical output. The demand for natural gas, for the excess production declined by 3%.
Higher than expected inventories continue to weight on prices.
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 7, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Aug. 07 |
AUD |
Interest Rate Decision |
3.50% |
3.50% |
3.50% |
|
AUD |
RBA Rate Statement |
||||
|
CHF |
Unemployment Rate |
2.9% |
2.9% |
2.9% |
|
|
CHF |
CPI (MoM) |
-0.5% |
-0.6% |
-0.3% |
|
|
GBP |
Industrial Production (MoM) |
-2.5% |
-3.4% |
1.0% |
|
|
GBP |
Manufacturing Production (MoM) |
-2.9% |
-4.1% |
1.2% |
|
|
GBP |
Industrial Production (YoY) |
-4.3% |
-5.0% |
-1.8% |
|
|
EUR |
German Factory Orders (MoM) |
-1.7% |
-1.0% |
0.7% |
|
|
Building Permits (MoM) |
-2.5% |
-4.0% |
7.1% |
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 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 |
Government Bond Auctions
Date Time Country
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
Aug 13 09:10 Italy
Aug 13 09:10 Norway
Aug 13 09:30 Germany
Click here a current Natural Gas Chart.
Originally posted here
