Natural Gas Fundamental Analysis August 29, 2012, Forecast

Analysis and Recommendations:

Natural Gas declined to trade at 2.682. The Gulf of Mexico accounts for more than 7 percent of US natural gas production. Most importantly, presence of active hurricane season with tropical storm Isaac has caused concern of supply tightening, as fears dissipated today, prices declined.  Ahead of hurricane Katrina’s seventh anniversary on 29 August, people in Gulf region are planning to evacuate and energy plants are likely to shut production for the time being. Concern of declining demand is there from Residential and commercial sector. As per US energy department, natural gas demand has been decline by more than 5 percent in the last week.

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 28, 2012 actual v. forecast

Date

 

Currency

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Aug. 28

 

AUD

 

 

HIA New Home Sales (MoM) 

-5.6%

 

 

 

2.8% 

 

 

 

 

EUR

 

 

GfK German Consumer Climate 

5.9

 

5.9 

 

5.9 

 

 

 

 

USD

 

 

CB Consumer Confidence 

60.6

 

66.0 

 

65.4 

   

 

WEEKLY

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

Date

Time

 

Currency

 

 

Event

Forecast

 

Previous

 

 

Aug. 29

01:00

 

EUR

 

 

German CPI (YoY) 

1.8% 

 

1.7% 

 

 

 

08:00

 

CHF

 

 

KOF Leading Indicators 

1.50 

 

1.43 

 

 

 

13:00

 

EUR

 

 

German CPI (MoM) 

0.2% 

 

0.4% 

 

 

 

13:30

 

USD

 

 

GDP (QoQ) 

1.7% 

 

1.5% 

 

 

 

15:00

 

USD

 

 

Pending Home Sales (MoM) 

1.0% 

 

-1.4% 

 

 

 

19:00

 

USD

 

 

Beige Book 

         

Government Bond Auctions

Date Time Country 

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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