By FXEmpire.com

Analysis and Recommendations:

Natural Gas is trading at 2.809 down 2.57% as investors sold off to trade profits after yesterday’s rally of 3.5%. Although prices rebounded a bit after the sell off as The National Weather Forecast is calling for warmer-than-normal weather across key parts of the U.S. in the coming week provided support.

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 10, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Jul. 10

GBP

RICS House Price Balance

-22%

-16%

-17%

AUD

NAB Business Confidence

-3

-2

CNY

Chinese Trade Balance

31.73B

21.00B

18.70B

DKK

Danish CPI (YoY)

2.20%

2.20%

2.10%

NOK

Norwegian Core Inflation (MoM)

-0.30%

0.10%

0.40%

NOK

Norwegian CPI (MoM)

-0.50%

-0.10%

0.00%

GBP

Industrial Production (MoM)

1.0%

-0.2%

-0.4%

GBP

Manufacturing Production (MoM)

1.2%

0.1%

-0.8%

GBP

Trade Balance

-8.4B

-9.0B

-9.7B

GBP

Industrial Production (YoY)

-1.6%

-2.1%

-2.0%

CAD

Housing Starts

222.7K

205.0K

217.4K

GBP

NIESR GDP Estimate

-0.2%

0.1%

WEEKLY

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

Date

Time

Currency

Event

Previous

Jul 11

12:30

USD

Trade Balance

-50.1B

14:30

USD

Crude Oil Inventories

-4.3M

Jul 12

9:00

EUR

Industrial Production m/m

-0.8%

12:30

USD

Unemployment Claims

12:30

USD

Import Prices m/m

-1.0%

18:00

USD

Federal Budget Balance

-124.6B

7:15

CHF

PPI m/m

-0.2%

Jul 13

12:30

USD

PPI m/m

-1.0%

13:55

USD

Prelim UoM Consumer Sentiment

73.2

Click here for updated Natural Gas News.

Originally posted here