By FXEmpire.com
Analysis and Recommendations:
Natural Gas continued to fall trading at 2.55 in a very quiet and light volume session. US markets are closed for the Memorial Day holiday and NG is primarily a US commodity that is not exported overseas or imports so it moves in relationship to supply and demand and the value of the USD. In earlier trading the DI fell slightly, pulling down the price of NG. There is no eco data and little news flow today
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.
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 |
Previous |
|
|
May 29 |
All Day |
EUR |
German Prelim CPI m/m |
0.2% |
|
10:00 |
GBP |
CBI Realized Sales |
-6 |
|
|
13:00 |
USD |
S&P/CS Composite-20 HPI y/y |
-3.5% |
|
|
14:00 |
USD |
CB Consumer Confidence |
69.2 |
|
|
May 30 |
7:00 |
CHF |
KOF Economic Barometer |
0.40 |
|
8:00 |
EUR |
M3 Money Supply y/y |
3.2% |
|
|
8:30 |
GBP |
Net Lending to Individuals m/m |
1.4B |
|
|
14:00 |
USD |
Pending Home Sales m/m |
4.1% |
|
|
23:01 |
GBP |
GfK Consumer Confidence |
-31 |
Click here for further Natural Gas Forecast.
Originally posted here
