Natural Gas Fundamental Analysis August 10, 2012, Forecast
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Analysis and Recommendations:
Natural Gas is trading at 3.068 adding 0.136 cents in today’s trading. A combination of increased demand for imports of LNG by Japan and a today’s EIA NG inventory stated:
Working gas in storage was 3,241 Bcf as of Friday, August 3, 2012, according to EIA estimates. This represents a net increase of 24 Bcf from the previous week. Stocks were 465 Bcf higher than last year at this time and 386 Bcf above the 5-year average of 2,855 Bcf. In the East Region, stocks were 134 Bcf above the 5-year average following net injections of 30 Bcf. Stocks in the Producing Region were 171 Bcf above the 5-year average of 937 Bcf after a net withdrawal of 5 Bcf. Stocks in the West Region were 81 Bcf above the 5-year average after a net drawdown of 1 Bcf. At 3,241 Bcf, total working gas is above the 5-year historical range.
Although inventories were higher, they were less then markets expected combined with two major storm systems, that could affect or cause supply disruptions energy markets are trading up.
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 9, 2012 actual v. forecast
|
Aug. 09 |
02:30 |
|
AUD |
|
|
Employment Change |
14.0K |
|
10.0K |
|
-28.3K |
|||
|
|
02:30 |
|
AUD |
|
|
Unemployment Rate |
5.2% |
|
5.3% |
|
5.3% |
|||
|
|
02:30 |
|
CNY |
|
|
Chinese CPI (YoY) |
1.8% |
|
1.7% |
|
2.2% |
|
||
|
|
02:30 |
|
CNY |
|
|
Chinese PPI (YoY) |
-2.9% |
|
-2.5% |
|
-2.1% |
|
||
|
|
02:30 |
|
CNY |
|
|
Chinese CPI (MoM) |
0.1% |
|
-0.1% |
|
-0.6% |
|
||
|
|
05:00 |
|
JPY |
|
|
Interest Rate Decision |
0.10% |
|
0.10% |
|
0.10% |
|
||
|
|
06:30 |
|
CNY |
|
|
Chinese Fixed Asset Investment (YoY) |
20.4% |
|
20.5% |
|
20.4% |
|
||
|
|
06:30 |
|
CNY |
|
|
Chinese Industrial Production (YoY) |
9.2% |
|
9.8% |
|
9.5% |
|
||
|
|
06:30 |
|
CNY |
|
|
Chinese Retail Sales (YoY) |
13.1% |
|
13.7% |
|
13.7% |
|
||
|
|
09:30 |
|
GBP |
|
|
Trade Balance |
-10.1B |
|
-8.6B |
|
-8.4B |
|
||
|
|
13:15 |
|
CAD |
|
|
Housing Starts |
208.5K |
|
213.0K |
|
222.1K |
|||
|
|
13:30 |
|
CAD |
|
|
Trade Balance |
-1.8B |
|
-1.0B |
|
-0.9B |
|||
|
|
13:30 |
|
USD |
|
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Trade Balance |
-42.9B |
|
-47.5B |
|
-48.0B |
|||
|
|
13:30 |
|
USD |
|
|
Initial Jobless Claims |
361K |
|
370K |
|
367K |
|||
|
|
13:30 |
|
USD |
|
|
Continuing Jobless Claims |
3332K |
|
3280K |
|
3279K |
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 |
Event |
Previous |
|
Aug 10 |
6:45 |
EUR |
-1.9% |
|
|
8:30 |
GBP |
-2.2% |
||
|
12:30 |
USD |
-2.7% |
||
|
18:00 |
USD |
-59.7B |
Government Bond Auctions
Date Time Country
Aug 10 10:00 Belgium
Aug 13 09:10 Italy
Aug 13 09:10 Norway
Aug 13 09:30 Germany
Aug 14 09:10 Greece
Aug 14 09:10 Italy
Aug 14 09:30 Belgium
Aug 14 14:30 UK
Aug 15 09:10 Sweden
Aug 16 09:30 UK
Aug 16 15:00 US
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