By FXEmpire.com
Analysis and Recommendations:
Natural Gas has been very active today, moving up and then falling as investors pulled profits from the markets. Most traders are positioning themselves before the busy week in EU politics, with the upcoming Green elections and the French polls and the Presidential election in Egypt. Many traders are withdrawing to sit on the side lines, as markets most likely will be extremely volatile come Monday.
The Dollar Index has dropped on due to negative eco data in the US and worries over the US economic slowdown.
The US National Hurricane Center has issued advisory on tropical storm Carlotta in eastern pacific, which may create supply disturbance. So, concern of supply disturbance may keep on gas on higher side. As per US Energy department, natural gas storage has been increased by 67 BCF in the last week, which is lower than last 5 weeks average at this time. Consumption of power sector have also increased by 6 percent , which may support gas prices to remain on higher side.
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 June 15, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jun. 15 |
JPY |
Interest Rate Decision |
0.10% |
0.10% |
0.10% |
|
GBP |
Trade Balance |
-10.1B |
-8.5B |
-8.7B |
|
|
EUR |
Employment Change (QoQ) |
-0.2% |
-0.2% |
-0.3% |
|
|
Manufacturing Sales (MoM) |
-0.80% |
1.00% |
1.90% |
||
|
USD |
NY Empire State Manufacturing Index |
2.3 |
13.0 |
17.1 |
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 |
Forecast |
Previous |
|
Jun 18 |
18th-22nd |
GBP |
45 |
44 |
|
|
Day 1 |
ALL |
||||
|
Jun 19 |
8:30 |
GBP |
3.0% |
||
|
9:00 |
EUR |
-2.4 |
|||
|
12:30 |
USD |
0.72M |
|||
|
12:30 |
USD |
0.72M |
|||
|
Day 2 |
ALL |
||||
|
Jun 20 |
6:00 |
EUR |
0.2% |
||
|
8:30 |
GBP |
-13.7K |
|||
|
8:30 |
GBP |
0-0-9 |
0-0-9 |
||
|
8:30 |
GBP |
8.2% |
|||
|
9:00 |
CHF |
-4.0 |
|||
|
14:30 |
USD |
-0.2M |
|||
|
16:30 |
USD |
||||
|
16:30 |
USD |
|
|
||
|
18:00 |
USD |
||||
|
18:15 |
USD |
||||
|
Jun 21 |
6:00 |
CHF |
1.33B |
||
|
7:00 |
EUR |
44.7 |
|||
|
7:00 |
EUR |
45.1 |
|||
|
7:15 |
CHF |
7.9% |
|||
|
7:30 |
EUR |
45.2 |
|||
|
7:30 |
EUR |
51.8 |
|||
|
8:00 |
EUR |
9.1B |
|||
|
8:00 |
EUR |
45.1 |
|||
|
8:00 |
EUR |
46.7 |
|||
|
8:30 |
GBP |
-2.3% |
|||
|
10:00 |
GBP |
-17 |
|||
|
12:30 |
USD |
386K |
|||
|
13:00 |
USD |
54.0 |
|||
|
14:00 |
USD |
4.62M |
|||
|
14:00 |
USD |
-5.8 |
|||
|
Jun 22 |
8:00 |
EUR |
106.9 |
||
|
All Day |
EUR |
||||
|
13:00 |
EUR |
-11.2 |
Click here for further Natural Gas Forecast.
Originally posted here
