By FXEmpire.com
Analysis and Recommendations:
Natural Gas dipped a bit today, to trade at 3.03. Gas prices are trading with a marginal loss of near 0.15 percent.
The US Energy department, storage level has been injected by 26 BCF lower than prior week. Demand has been increased by 1.16 percent, mostly contributed by Power sector consumption in the last week. Total supply has fallen by 1.2percent in the last week as rig counts have declined continuously. However, as per National Hurricane Center, there is no sign of tropical cyclone in North Atlantic region which may limit the gain in gas prices. As the month comes to a close investors are taking profits to cover losses in other commodities this month.
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 27, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jul. 27 |
JPY |
Tokyo Core CPI (YoY) |
-0.6% |
-0.7% |
-0.6% |
|
JPY |
Retail Sales (YoY) |
0.2% |
1.2% |
3.6% |
|
|
CHF |
KOF Leading Indicators |
1.43 |
1.25 |
1.15 |
|
|
SEK |
Swedish Retail Sales (MoM) |
-0.40% |
0.20% |
0.30% |
|
|
EUR |
German CPI (MoM) |
0.4% |
0.4% |
-0.1% |
|
|
EUR |
German CPI (YoY) |
1.7% |
1.7% |
1.7% |
|
|
USD |
GDP (QoQ) |
1.5% |
1.5% |
2.0% |
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 and GBP
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Jul 30 |
30th-31st |
GBP |
0.8% |
-0.6% |
|
|
7:00 |
EUR |
-0.3% |
|||
|
8:30 |
GBP |
1.3B |
|||
|
10:00 |
GBP |
42 |
|||
|
23:01 |
GBP |
-29 |
|||
|
Jul 31 |
6:45 |
EUR |
0.4% |
||
|
7:55 |
EUR |
7K |
|||
|
9:00 |
EUR |
2.4% |
|||
|
9:00 |
EUR |
11.1% |
|||
|
Aug 1 |
1st-8th |
GBP |
1.0% |
||
|
7:15 |
EUR |
41.1 |
|||
|
7:45 |
EUR |
44.6 |
|||
|
8:30 |
GBP |
48.6 |
|||
|
Aug 2 |
7:00 |
EUR |
-98.9K |
||
|
7:15 |
CHF |
6.2% |
|||
|
7:30 |
CHF |
48.1 |
|||
|
8:30 |
GBP |
48.2 |
|||
|
11:00 |
GBP |
375B |
|||
|
11:00 |
GBP |
0.50% |
0.50% |
||
|
11:45 |
EUR |
0.75% |
0.75% |
||
|
12:30 |
EUR |
||||
|
Aug 3 |
8:30 |
GBP |
51.3 |
||
|
9:00 |
EUR |
0.6% |
Government Bond Auctions
Date Time Country
Jul 30 09:10 Italy
Jul 30 10:00 Belgium
Jul 31 00:30 Japan
Jul 31 09:30 Belgium
Aug 01 09:30 Germany
Aug 01 10:00 Norway
Aug 01 13:00 US
Aug 02 08:30 Spain
Click here for updated Natural Gas News.
Originally posted here
