By FXEmpire.com
Analysis and Recommendations:
Natural Gas continued to add trading at 3.148 surprising traders with gain of more than 1 percent. The US Energy department reported that natural gas demand has been increased by more than 1 percent in the last week, highly contributed by power sector which might be supporting gas futures to trade on higher side. Other than this, optimism from major central banks in the world to recover global economy might be adding positive point in prices. However, we may expect gas prices to come under pressure as residential consumption in US likely to slow down due to mild weather expectation by US weather department in today.
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 for July 30, 2012 actual v. forecast
|
Date |
Time |
Currency |
Importance |
Event |
Actual |
Forecast |
Previous |
|
Jul. 30 |
00:50 |
JPY |
Industrial Production (MoM) |
-0.1% |
1.5% |
-3.4% |
|
|
02:00 |
AUD |
HIA New Home Sales (MoM) |
2.8% |
0.7% |
|||
|
10:20 |
EUR |
Italian 10-Year BTP Auction |
5.96% |
5.82% |
|||
|
11:00 |
GBP |
CBI Distributive Trades Survey |
11 |
15 |
42 |
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 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 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
