By FXEmpire.com
Analysis and Recommendations:
Natural Gas is trading at 2.849 adding .25 as markets get ready for the close of the session with the 4th of July holiday. Natural Gas continues to soar on basic fundamentals of demand. In the US temperatures for the west and Midwest are unseasonably high and are expected to continue this way.
The National Weather Forecast calls for “near or above 100 Fahrenheit” in St. Louis in the next six to 10 days, as above-normal temperatures sweep across much of the Midwest and Northeast. Unseasonable high temperatures increase the need for gas-fired electricity to power air conditioning, boosting demand for natural gas. Natural gas is used for 25% of the U.S. electricity production.
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.
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)
Economic Releases actual v. forecast July 3, 2012 ( today was almost void of eco data )
|
Jul. 03 |
AUD |
Building Approvals (MoM) |
27.3% |
5.1% |
-7.6% |
|
AUD |
Interest Rate Decision |
3.50% |
3.50% |
3.50% |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Jul 4 Jul 5 |
8:00 |
EUR |
46.8 |
46.8 |
|
|
8:30 |
GBP |
53.0 |
53.3 |
||
|
9:00 |
EUR |
0.2% |
-1.0% |
||
|
10:00 |
EUR |
0.2% |
-1.9% |
||
|
11:00 |
GBP |
0.50% |
0.50% |
||
|
11:45 |
EUR |
0.75% |
1.00% |
||
|
12:15 |
USD |
101K |
133K |
||
|
12:30 |
USD |
385K |
386K |
||
|
14:00 |
USD |
53.1 |
53.7 |
||
|
15:00 |
USD |
-0.1M |
|||
|
Jul 6 |
7:00 |
CHF |
303.8B |
||
|
7:15 |
CHF |
-0.3% |
0.0% |
||
|
8:30 |
GBP |
-2.1% |
-2.5% |
||
|
10:00 |
EUR |
0.3% |
-2.2% |
||
|
12:30 |
USD |
92K |
69K |
||
|
12:30 |
USD |
8.2% |
8.2% |
Click here for further Natural Gas Forecast.
Originally posted here
