By FXEmpire.com
Analysis and Recommendations:
Natural Gas is trading at 2.546 adding 0.029cents in today’s session. The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ended June 15 rose by 62 billion cubic feet, below market expectations for an increase of 64 billion cubic feet.
Inventories rose by 90 billion cubic feet in the same week a year earlier, while the five-year average change for the week is an increase of 87 billion cubic feet, according to U.S. Energy Department data.
Total U.S. natural gas storage stood at 3.006 trillion cubic feet as of last week. Stocks were 680 billion cubic feet higher than last year at this time and 641 billion cubic feet above the five-year average of 2.365 trillion cubic feet for this time of year.
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 Releases for June 21, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jun. 21 |
CNY |
Chinese HSBC Manufacturing PMI |
48.10 |
48.40 |
|
|
EUR |
French Manufacturing PMI |
45.3 |
44.5 |
44.7 |
|
|
EUR |
German Manufacturing PMI |
44.7 |
45.2 |
45.2 |
|
|
EUR |
Manufacturing PMI |
44.8 |
44.9 |
45.1 |
|
|
GBP |
Retail Sales (MoM) |
1.4% |
1.2% |
-2.4% |
|
|
GBP |
Retail Sales (YoY) |
2.4% |
2.0% |
-1.1% |
|
|
GBP |
CBI Industrial Trends Orders |
-11 |
-20 |
-17 |
|
|
Core Retail Sales (MoM) |
-0.3% |
0.2% |
0.3% |
||
|
CAD |
Retail Sales (MoM) |
-0.5% |
0.3% |
0.4% |
|
|
USD |
Initial Jobless Claims |
387K |
380K |
389K |
|
|
USD |
Continuing Jobless Claims |
3299K |
3275K |
3299K |
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 22 |
8:00 |
EUR |
106.9 |
||
|
All Day |
EUR |
||||
|
13:00 |
EUR |
-11.2 |
Upcoming Government Bond Auctions
Date Time Country
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
Click here to read Natural Gas Technical Analysis.
Originally posted here
