Natural Gas Fundamental Analysis August 13, 2012, Forecast
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Analysis and Recommendations:
Natural Gas is trading at 2.8006 after traders pumped up the price, well over 3.20 and then dumped the commodity.
Temperatures in the US have dropped back to their seasonal range and therefore the demand for excess capacity production has fallen.
Inventories were higher than expected this week in the weekly report by the EIA, and even though there are two major storms brewing, that could become hurricanes, they are not at this time expected to cause major damage or supply disruption. If they do it will have more of an effect on crude oil then on NG.
With numbers out of China disappointing global markets, the entire energy compound is suffering.
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.
Chinese Economic Data August 9 -10, 2012 actual v. forecast
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CNY |
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Chinese CPI (YoY) |
1.8% |
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1.7% |
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2.2% |
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CNY |
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Chinese PPI (YoY) |
-2.9% |
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-2.5% |
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-2.1% |
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CNY |
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Chinese CPI (MoM) |
0.1% |
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-0.1% |
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-0.6% |
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CNY |
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Chinese Fixed Asset Investment (YoY) |
20.4% |
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20.5% |
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20.4% |
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CNY |
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Chinese Industrial Production (YoY) |
9.2% |
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9.8% |
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9.5% |
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CNY |
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Chinese Retail Sales (YoY) |
13.1% |
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13.7% |
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13.7% |
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Economic Data for August 10, 2012 actual v. forecast
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Date |
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Currency |
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Event |
Actual |
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Forecast |
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Previous |
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Aug. 10 |
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AUD |
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RBA Monetary Policy Statement |
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CNY |
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Chinese Trade Balance |
25.10B |
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35.10B |
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31.70B |
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JPY |
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Industrial Production (MoM) |
0.4% |
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-0.1% |
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-0.1% |
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JPY |
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BoJ Monthly Report |
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EUR |
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German CPI (MoM) |
0.4% |
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0.4% |
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0.4% |
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EUR |
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German CPI (YoY) |
1.7% |
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1.7% |
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1.7% |
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GBP |
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PPI Input (MoM) |
1.3% |
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1.5% |
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-2.9% |
|||
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GBP |
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PPI Input (YoY) |
-2.4% |
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-1.5% |
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-3.0% |
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CAD |
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Employment Change |
-30.4K |
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9.0K |
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7.3K |
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USD |
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Import Price Index (MoM) |
-0.6% |
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0.1% |
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-2.4% |
|||
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CAD |
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Unemployment Rate |
7.3% |
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7.0% |
|
7.2% |
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)
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