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

Upcoming Economic Events that affect the CHF, EUR and GBP

Date

Time

Currency

Event

Forecast

Previous

Jul 31

6:45

EUR

French Consumer Spending m/m

0.4%

7:55

EUR

German Unemployment Change

7K

9:00

EUR

CPI Flash Estimate y/y

2.4%

9:00

EUR

Unemployment Rate

11.1%

Aug 1

1st-8th

GBP

Halifax HPI m/m

1.0%

7:15

EUR

Spanish Manufacturing PMI

41.1

7:45

EUR

Italian Manufacturing PMI

44.6

8:30

GBP

Manufacturing PMI

48.6

Aug 2

7:00

EUR

Spanish Unemployment Change

-98.9K

7:15

CHF

Retail Sales y/y

6.2%

7:30

CHF

SVME PMI

48.1

8:30

GBP

Construction PMI

48.2

11:00

GBP

Asset Purchase Facility

375B

11:00

GBP

Official Bank Rate

0.50%

0.50%

11:45

EUR

Minimum Bid Rate

0.75%

0.75%

12:30

EUR

ECB Press Conference

Aug 3

8:30

GBP

Services PMI

51.3

9:00

EUR

Retail Sales m/m

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

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Originally posted here