Natural Gas Fundamental Analysis June 20, 2012, Forecast

By FXEmpire.com

Analysis and Recommendations:

Natural Gas has spent the last 24hours on a crazy roller coaster, trading as high as 2.658 before investors began to take profits and sell off. Natural Gas rose yesterday on EIA reports showing that the injection levels were lower than estimated, showing a higher consumption then expected

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 19, 2012 actual v. forecast

Date	Currency	Event	Actual	Forecast	Previous
Jun. 19	AUD	Monetary Policy Meeting Minutes
GBP	Core CPI (YoY)	2.2%	2.3%	2.1%
GBP	CPI (YoY)	2.8%	3.0%	3.0%
GBP	CPI (MoM)	-0.1%	0.1%	0.6%
EUR	German ZEW Economic Sentiment	-16.9	4.0	10.8
EUR	ZEW Economic Sentiment	-20.1	-5.7	-2.4
USD	Building Permits	0.780M	0.728M	0.723M
USD	Housing Starts	0.708M	0.720M	0.744M
CAD	Wholesale Sales (MoM)	1.5%	1.0%	0.3%

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 20	6:00	EUR	German PPI m/m	0.2%
	8:30	GBP	Claimant Count Change	-13.7K
	8:30	GBP	MPC Meeting Minutes	0-0-9	0-0-9
	8:30	GBP	Unemployment Rate	8.2%
	9:00	CHF	ZEW Economic Expectations	-4.0
	14:30	USD	Crude Oil Inventories	-0.2M
	16:30	USD	FOMC Statement
	16:30	USD	Federal Funds Rate
	18:00	USD	FOMC Economic Projections
	18:15	USD	FOMC Press Conference
Jun 21	6:00	CHF	Trade Balance	1.33B
	7:00	EUR	French Flash Manufacturing PMI	44.7
	7:00	EUR	French Flash Services PMI	45.1
	7:15	CHF	Industrial Production q/q	7.9%
	7:30	EUR	German Flash Manufacturing PMI	45.2
	7:30	EUR	German Flash Services PMI	51.8
	8:00	EUR	Current Account	9.1B
	8:00	EUR	Flash Manufacturing PMI	45.1
	8:00	EUR	Flash Services PMI	46.7
	8:30	GBP	Retail Sales m/m	-2.3%
	10:00	GBP	CBI Industrial Order Expectations	-17
	12:30	USD	Unemployment Claims	386K
	13:00	USD	Flash Manufacturing PMI	54.0
	14:00	USD	Existing Home Sales	4.62M
	14:00	USD	Philly Fed Manufacturing Index	-5.8
Jun 22	8:00	EUR	German Ifo Business Climate	106.9
	All Day	EUR	ECOFIN Meetings
	13:00	EUR	Belgium NBB Business Climate	-11.2

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Originally posted here