Natural Gas Fundamental Analysis October 11, 2012 Forecast

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Natural Gas Fundamental Analysis October 11, 2012 Forecast

Natural Gas Fundamental Analysis October 11, 2012 Forecast

Analysis and Recommendations:

Natural Gas held at 3.459 today as traders await this week’s inventory, delayed a day due to the holiday on Monday. Today’s fundamental remains unchanged which may support gas prices to recover from yesterday’s fall and may continue the upside movement in today’s session. The US Energy Department, storage level is likely to increase by 79 BCF in the last week, higher than prior week. This may indicate anticipation of more demand incoming winter is creating higher storage level which may support gas prices to remain on higher side. On the other side, concern of mild weather forecast may lead to lower consumption in eastern region and ultimately weigh on gas prices. The National Hurricane Center reports that there is no major cyclone near to Gulf region which is also easing supply disturbances

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 10, 2012 actual v. forecast

Date

 

Currency

 

 

Event

Actual

 

Forecast

 

Previous

Oct. 10

 

KRW

 

 

South Korean Unemployment Rate 

3.1%

 

3.2% 

 

3.1% 

 

 

AUD

 

 

Westpac Consumer Sentiment 

1.00%

 

 

 

1.60% 

 

 

KRW

 

 

South Korean M2 Money supply 

9.20%

 

 

 

9.00% 

 

 

EUR

 

 

German WPI (MoM) 

1.3%

 

0.5% 

 

1.1% 

 

 

JPY

 

 

Machine Tool Orders (YoY) 

-3.0%

 

 

 

-2.7% 

 

 

EUR

 

 

Finnish Industry Output (MoM) 

-1.40%

 

 

 

2.00% 

 

 

EUR

 

 

French Industrial Production (MoM) 

1.5%

 

-0.2% 

 

0.6% 

 

WEEKLY

 

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

Date

Time

Currency

Event

Forecast

Previous

 Oct. 11

07:00

EUR

German CPI (MoM) 

0.0% 

0.0% 

 

07:00

EUR

German CPI (YoY) 

2.0% 

2.0% 

 

07:45

EUR

French CPI (MoM) 

0.1% 

0.7% 

 

13:30

USD

Import Price Index (MoM) 

0.7% 

0.7% 

 

13:30

USD

Trade Balance 

-44.0B 

-42.0B 

 

13:30

USD

Initial Jobless Claims 

370K 

367K 

 

13:30

USD

Continuing Jobless Claims 

3275K 

3281K 

 

19:00

USD

Federal Budget Balance 

-4.0B 

-191.0B 

Government Bond Auction

Date Time Country 

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

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