By FXEmpire.com
Analysis and Recommendations:
Natural Gas traded up again today, adding 0.077 to 2.766, after falling yesterday as traders took profits, the commodity continued to gain again today, when all USD denominated commodities were falling on the strength of the USD, NG bucked the trend.
The weather service has predicted unseasonably warm weather for June, giving investors hopes that NG demand would increase for electricity generation.
Many producers have switched to NG due to its low price for their extra production needs, pushing up the use of gas. This should help reduce the high inventories in the US.
We are also seeing a battle between producers, who need a price close to 3.00 to be profitable and energy producers who only use NG because of its low pricing and need it to be well under 3.00 to move from our resources.
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 May 22, 2012 actual v. forecast
|
Date |
Time |
Currency |
Event |
Actual |
Forecast |
Previous |
|
May 22 |
04:00 |
NZD |
Inflation Expectations (QoQ) |
2.4% |
2.5% |
|
|
09:00 |
NOK |
Norwegian GDP (QoQ) |
1.4% |
0.8% |
0.6% |
|
|
09:30 |
GBP |
Core CPI (YoY) |
2.1% |
2.2% |
2.5% |
|
|
09:30 |
GBP |
CPI (YoY) |
3.0% |
3.1% |
3.5% |
|
|
09:30 |
GBP |
CPI (MoM) |
0.6% |
0.6% |
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
|
May 23 |
8:00 |
EUR |
-1.3B |
|
|
8:30 |
GBP |
0-0-9 |
||
|
TBD |
EUR |
-1.2% |
||
|
10:00 |
GBP |
-8 |
||
|
TBD |
GBP |
|||
|
14:00 |
USD |
328K |
||
|
14:30 |
USD |
|||
|
May 24 |
6:00 |
CHF |
1.69B |
|
|
7:00 |
EUR |
46.9 |
||
|
7:00 |
EUR |
45.2 |
||
|
7:30 |
EUR |
46.2 |
||
|
7:30 |
EUR |
52.2 |
||
|
8:00 |
EUR |
109.9 |
||
|
8:00 |
EUR |
45.9 |
||
|
8:00 |
EUR |
46.9 |
||
|
8:30 |
GBP |
1.8% |
||
|
8:30 |
GBP |
-0.2% |
||
|
8:30 |
GBP |
31.9K |
||
|
8:30 |
GBP |
-3.3% |
||
|
12:30 |
USD |
|||
|
12:30 |
USD |
-4.0% |
||
|
13:00 |
EUR |
-10.7 |
||
|
May 25 |
6:00 |
EUR |
5.6 |
|
|
7:15 |
CHF |
4.04M |
||
|
TBD |
ALL |
|||
|
13:55 |
USD |
Click here for updated Natural Gas News.
Originally posted here
