By FXEmpire.com
Analysis and Recommendations:
Natural Gas fell by 0.19 to trade at 2.757 as profit taking and worries over Wednesday’s inventory shake up investors.
Markets have climbed from a low of 1.92 just ten days ago to reach new recent highs on speculation that demand by energy producers has been enough to reduce high inventories and the hopes that an early summer will increase demand for electricity.
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 May 23, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
May 23 |
JPY |
Trade Balance |
-0.48T |
-0.60T |
-0.62T |
|
JPY |
Interest Rate Decision |
0.10% |
0.10% |
0.10% |
|
|
GBP |
Retail Sales (MoM) |
-2.3% |
-0.8% |
2.0% |
|
|
GBP |
Retail Sales (YoY) |
-1.1% |
1.0% |
3.1% |
|
|
EUR |
Industrial New Orders (MoM) |
1.8% |
-0.1% |
-1.2% |
|
|
GBP |
CBI Industrial Trends Orders |
-17 |
-10 |
-8 |
|
|
Core Retail Sales (MoM) |
0.1% |
1.0% |
0.4% |
||
|
CAD |
Leading Indicators (MoM) |
0.3% |
0.3% |
0.3% |
|
|
CAD |
Retail Sales (MoM) |
0.4% |
0.4% |
-0.2% |
|
|
USD |
New Home Sales |
343K |
335K |
332K |
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)
Click here for further Natural Gas Forecast.
Originally posted here
