By FXEmpire.com
Analysis and Recommendations:
Natural Gas is trading at 2.545 after having a wild ride up and down today, NG is trading close to its open. Investors are hoping to see a drop in inventory as the weekly supply will be announced tomorrow.
Markets were surprised today, by crude oil, which increased again this week, as markets were expecting a decline.
At present, there are no weather projections that would help with NG consumption, and there are no unexpected demands. There is little reason that prices skyrocketed this week, except for speculation and manipulation. As stated before, NG has been bouncing up and down with little supportive data, ever since crude oil fell from its highs. It is my view point that the speculators that drove crude to 106.00 when forced out of the market moved to NG.
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 June 20, 2012 actual. v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
JPY |
Trade Balance |
-0.66T |
-0.36T |
-0.51T |
|
|
GBP |
Average Earnings Index +Bonus |
1.4% |
0.8% |
0.9% |
|
|
GBP |
Claimant Count Change |
8.1K |
-3.0K |
-12.8K |
|
|
USD |
Interest Rate Decision |
0.25% |
0.25% |
||
|
USD |
FOMC Statement |
||||
|
USD |
Fed Chairman Bernanke Speaks |
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 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 |
Upcoming Government Bond Auctions
Date Time Country
Jun 21 08:30 Spain
Jun 21 08:50 France
Jun 21 09:30 UK
Jun 21 09:50 France
Jun 21 15:00 US
Jun 21 17:00 US
Jun 22 15:30 Italy
Jun 25 09:10 Norway
Jun 25 09:30 Germany
Jun 25 10:00 Belgium
Jun 25 15:30 Italy
Jun 26 00:30 Japan
Jun 26 08:30 Holland
Jun 26 08:30 Spain
Jun 26 09:10 Italy
Jun 26 09:30 UK
Jun 26 14:30 UK
Jun 26 17:00 US
Click here for updated Natural Gas News.
Originally posted here
