By FXEmpire.com
Analysis and Recommendations:
Natural Gas is just about even in today’s session trading at 2.812 after tumbling in early trading as investors sold off to take profits and also on positioning themselves ahead of the Fed address.
Post Bernanke, the markets returned to normal with NG returning to close to its opening price.
Hurricane warnings and hot weather continue in the US helping support demand.
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 Reported on July 17, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jul. 17 |
AUD |
Monetary Policy Meeting Minutes |
|||
|
GBP |
Core CPI (YoY) |
2.1% |
2.3% |
2.2% |
|
|
GBP |
CPI (YoY) |
2.4% |
2.8% |
2.8% |
|
|
GBP |
CPI (MoM) |
-0.4% |
-0.1% |
-0.1% |
|
|
EUR |
German ZEW Economic Sentiment |
-19.6 |
-20.0 |
-16.9 |
|
|
EUR |
ZEW Economic Sentiment |
-22.3 |
-28.0 |
-20.1 |
|
|
GBP |
BoE Gov King Speaks |
||||
|
USD |
Core CPI (MoM) |
0.2% |
0.2% |
0.2% |
|
|
USD |
CPI (MoM) |
0.0% |
-0.1% |
-0.3% |
|
|
Manufacturing Sales (MoM) |
-0.40% |
1.00% |
-1.10% |
||
|
USD |
CPI (YoY) |
1.7% |
1.6% |
1.7% |
|
|
USD |
Core CPI (YoY) |
2.2% |
2.2% |
2.3% |
|
|
CAD |
Interest Rate Decision |
1.00% |
1.00% |
1.00% |
|
|
USD |
TIC Net Long-Term Transactions |
55.0B |
45.7B |
27.2B |
|
|
USD |
Industrial Production (MoM) |
0.4% |
0.3% |
-0.2% |
|
|
USD |
Fed Chairman Bernanke Testifies |
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 |
|
Jul 18 |
8:30 |
GBP |
Claimant Count Change |
8.1K |
|
8:30 |
GBP |
Unemployment Rate |
8.2% |
|
|
9:00 |
CHF |
ZEW Economic Expectations |
-43.4 |
|
|
12:30 |
USD |
Building Permits |
0.78M |
|
|
12:30 |
USD |
Housing Starts |
0.71M |
|
|
14:30 |
USD |
Crude Oil Inventories |
-4.7M |
|
|
Jul 19 |
6:00 |
CHF |
Trade Balance |
2.48B |
|
8:00 |
EUR |
Current Account |
4.6B |
|
|
8:30 |
GBP |
Retail Sales m/m |
1.4% |
|
|
12:30 |
USD |
Unemployment Claims |
||
|
14:00 |
USD |
Existing Home Sales |
4.55M |
|
|
14:00 |
USD |
Philly Fed Manufacturing Index |
-16.6 |
|
|
Jul 20 |
6:00 |
EUR |
German PPI m/m |
-0.3% |
|
8:30 |
GBP |
Public Sector Net Borrowing |
15.6B |
Click here a current Natural Gas Chart.
Originally posted here
