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

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

Click here for updated Natural Gas News.

Originally posted here