Natural Gas Fundamental Analysis October 10, 2012 Forecast

Posted October 09, 2012 15:13 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Natural Gas Fundamental Analysis October 10, 2012 Forecast

Analysis and Recommendations:

Natural Gas dipped in today’s session trading at 3.356 losing 48 pips. The International Monetary Fund cut its global growth forecast for the second time since April and warned U.S. and European policymakers that failure to fix their economic ills would prolong the slump.

For 2012, the IMF now expects global output to grow just 3.3 percent, down from its July estimate of 3.5 percent, making it the slowest year of growth since 2009. This reduction will lower demand for NG. Last week the World Bank also lowered its forecast for the Asian region, which impacts Japan one of the largest users of natural gas.

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 October 9, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Oct. 09

GBP

RICS House Price Balance

-15%

-20%

-18%

JPY

Adjusted Current Account

0.72T

0.52T

0.34T

AUD

NAB Business Confidence

-3

GBP

Industrial Production (MoM)

-0.5%

-0.5%

2.8%

GBP

Manufacturing Production (MoM)

-1.1%

-0.6%

3.1%

GBP

Trade Balance

-9.8B

-8.5B

-7.3B

GBP

Industrial Production (YoY)

-1.2%

-1.1%

-0.8%

CAD

Housing Starts

220.2K

208.0K

225.3K

GBP

NIESR GDP Estimate

0.8%

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
Oct. 11	07:00	EUR	German CPI (YoY)	2.0%	2.0%
	07:45	EUR	French CPI (MoM)		0.7%
Oct. 12	10:00	EUR	Industrial Production (MoM)	-0.5%	0.6%

Government Bond Auction

Date Time Country

Oct 10 09:10 Italy

Oct 10 09:10 Sweden

Oct 10 09:30 Germany

Oct 10 09:30 Swiss

Oct 10 14:30 Sweden

Oct 10 17:00 US

Oct 11 09:10 Italy

Oct 11 09:10 Sweden

Oct 11 09:30 UK

Oct 11 15:00 US

Oct 11 17:00 US

Oct 12 09:30 Germany

Oct 12 10:00 Belgium

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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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