By FXEmpire.com
Analysis and Recommendations:
Natural Gas is trading at 2.393. Currently, gas futures prices are trading below $2.390/mmbtu with gain of more than 0.60 percent. As per US Energy department, Demand from Residential sector is expected to decline in comparison to last year, as this year summer season is going to be less severe on account of lower number of Cooling Degree Days expectation, reported by EIA. Currently, the storage level is at 2815BCF, positioned storage volumes 732 Bcf above year-ago levels. In the coming week, also the injection level is likely to increase on the back of rising supply and lower demand, which may weigh on gas prices. Most importantly, As per National Hurricane Centre, as of now there is no tropical storm formation is seen in North Atlantic region.
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 4, 2012 actual v. forecast (virtually no eco data in Europe or the US today)
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jun. 04 |
JPY |
Monetary Base (YoY) |
2.4% |
0.2% |
-0.3% |
|
AUD |
MI Inflation Gauge (MoM) |
0.0% |
0.3% |
||
|
AUD |
Company Gross Profits (QoQ) |
-4.0% |
-2.0% |
-6.5% |
|
|
AUD |
ANZ Job Advertisements (MoM) |
-2.40% |
-0.80% |
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 |
Forecast |
Previous |
|
Jun 5 |
9:00 |
EUR |
0.3% |
|
|
10:00 |
EUR |
2.2% |
||
|
14:00 |
USD |
53.5 |
||
|
Jun 6 |
6th-8th |
GBP |
||
|
8:30 |
GBP |
55.8 |
||
|
10:00 |
EUR |
2.8% |
||
|
11:45 |
EUR |
1.00% |
1.00% |
|
|
12:30 |
EUR |
|||
|
12:30 |
USD |
-0.5% |
||
|
14:30 |
USD |
|||
|
18:00 |
USD |
|||
|
23:01 |
GBP |
-3.3% |
||
|
Jun 7 |
7:00 |
CHF |
235.6B |
|
|
7:15 |
CHF |
0.1% |
||
|
8:30 |
GBP |
53.3 |
||
|
TBD |
EUR |
|||
|
11:00 |
GBP |
325B |
||
|
11:00 |
GBP |
0.50% |
0.50% |
|
|
TBD |
GBP |
|||
|
12:30 |
USD |
383K |
||
|
14:00 |
USD |
|||
|
Jun 8 |
8:30 |
GBP |
-1.5% |
|
|
8:30 |
GBP |
3.5% |
||
|
TBD |
GBP |
|||
|
12:30 |
USD |
-51.8B |
||
|
14:00 |
USD |
Click here a current Natural Gas Chart.
Originally posted here
