Natural Gas Fundamental Analysis May 31, 2012, Forecast

Analysis and Recommendations:

Natural Gas continues to decline trading at 2.429 as investors continue to sell of and take profits, after weather conditions stabilized and the hurricane warnings passed. We are now down to season supply and demand and should see the prices settle near the 2.32-2.36 level as predicted in April.

Speculators did a good job talking up the markets while moving from Crude Oil they were able to push up the price of gas and take advantage of the markets. Oil was trading below 2.00 at a 10 year low just earlier this month, until speculators pushed it over the 2.80 level and then sold off.

Inventories this week are expected to be high and push prices down.

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

 

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

Date

Time

Currency

 

Previous

May 31

5:45

CHF

GDP q/q

0.1%

31st-3rd

EUR

German Retail Sales m/m

0.8%

6:45

EUR

French Consumer Spending m/m

-2.9%

7:55

EUR

German Unemployment Change

19K

9:00

EUR

CPI Flash Estímate y/y

2.6%

12:15

USD

ADP Non-Farm Employment Change

119K

12:30

USD

Prelim GDP q/q

2.2%

12:30

USD

Unemployment Claims

370K

13:45

USD

Chicago PMI

56.2

15:00

USD

Crude Oil Inventories

0.9M

Jun 1

TBD

GBP

Halifax HPI m/m

 

7:15

CHF

Retail Sales y/y

4.2%

7:30

CHF

SVME PMI

46.9

7:45

EUR

Italian Manufacturing PMI

43.8

8:30

GBP

Manufacturing PMI

50.5

9:00

EUR

Unemployment Rate

10.9%

12:30

USD

Non-Farm Employment Change

115K

12:30

USD

Unemployment Rate

8.1%

12:30

USD

Core PCE Price Index m/m

0.0%

12:30

USD

Personal Spending m/m

0.2%

12:30

USD

ISM Manufacturing PMI

0.3%

14:00

USD

S&P/CS Composite-20 HPI y/y

54.8

 

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