Natural Gas Fundamental Analysis August 16, 2012, Forecast

Posted August 15, 2012 15:23 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Analysis and Recommendations:

Natural Gas declined by 0.069 cents or 2.43% today, ahead of tomorrow’s inventory release and calmer weather patterns and cooler temperatures.

Traders are expecting to see higher inventories tomorrow when the EIA releases its weekly report.

AccuWeather is calling for moderate temperatures across the US through the upcoming holiday weekend, thus reducing the on demand electricity production.

The National Hurricane Forecast, does not project any tropical storms or hurricanes that could effect shipment or supply at the present time.

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 15, 2012 actual v. forecast

Currency

Event

actual

forecast

previous

Aug. 15

AUD

Westpac Consumer Sentiment

-2.50%

3.70%

AUD

Wage Price Index (QoQ)

1.0%

0.8%

0.9%

TRY

Turkish Quarterly Unemployment Rate

8.20%

8.90%

9.00%

GBP

Average Earnings Index +Bonus

1.6%

1.8%

1.5%

GBP

Claimant Count Change

-5.9K

6.0K

1.0K

GBP

MPC Meeting Minutes

USD

Core CPI (MoM)

0.1%

0.2%

USD

CPI (MoM)

0.0%

0.2%

0.0%

USD

NY Empire State Manufacturing Index

-5.8

6.5

7.4

USD

CPI (YoY)

1.4%

1.6%

1.7%

USD

Core CPI (YoY)

2.1%

2.2%

USD

TIC Net Long-Term Transactions

9.3B

63.0B

55.9B

USD

Industrial Production (MoM)

0.6%

0.5%

0.1%

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	Forecast	Previous
Aug 16	9:00	CHF	ZEW Economic Expectations		-42.5
	9:00	EUR	CPI y/y	2.4%	2.4%
	12:30	USD	Building Permits	0.77M	0.76M
	12:30	USD	Unemployment Claims	365K	361K
	12:30	USD	Housing Starts	0.76M	0.76M
	14:00	USD	Philly Fed Manufacturing Index	-4.3	-12.9
Aug 17	6:00	EUR	German PPI m/m	0.4%	-0.4%
	8:00	EUR	Current Account	7.8B	10.9B
	13:55	USD	Prelim UoM Consumer Sentiment	72.5	72.3

Government Bond Auctions

Date Time Country

Aug 16 09:30 UK

Aug 16 15:00 US

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About: FX Empire Analyst - Barry Norman

Barry produces a private Daily Market Review newsletter that is distributed around the globe to over 25,000 subscribers and recently published a book on Options Trading that is available from amazon.com

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