Natural Gas Fundamental Analysis August 23, 2012, Forecast

Analysis and Recommendations:

Natural Gas continued to climb trading at 2.841 as weather continued to remain unseasonably warm and the National Weather forecast is predicting a longer summer season than expected. Also several storms are brewing in the Atlantic and the Gulf.

Overall commodities climbed universally as traders turn to more risk and were in positive moods.

With little in the way of eco data and news flow, traders were left to their own sentiment.

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 August 23, 2012 actual v. forecast

Date

 

Currency

 

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Aug. 22

 

JPY

 

 

 

Trade Balance 

-0.33T

 

-0.46T 

 

-0.32T 

   

 

 

CAD

 

 

 

Core Retail Sales (MoM) 

-0.4%

 

0.3% 

 

0.4% 

   

 

 

CAD

 

 

 

Retail Sales (MoM) 

-0.4%

 

0.1% 

 

0.2% 

   

 

 

USD

 

 

 

Existing Home Sales 

4.47M

 

4.52M 

 

4.37M 

 

 

 

WEEKLY

Upcoming Economic Events that affect the CHF, EUR, GBP and USD

Date

Time

Currency

Event 

Forecast

Previous

Aug 24

1:30pm

USD

Durable Goods Orders m/m

2.8%

-1.4%

 

2:00pm

EUR

Belgium NBB Business Climate

-10.8

1.3%

Government Bond Auctions

Date  Time  Country 

27/8  11:30  Germany 

28/8  10:30  Spain

28/8  11:00  Italy 

28/8  19:00  US 

29/8  11:00  Italy 

29/8  19:00  US 

30/8  05:35  Japan

30/8  11:00  Italy 

30/8  19:00  US

 

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