Natural Gas Fundamental Analysis October 15, 2012 Forecast
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Natural Gas Fundamental Analysis October 15, 2012 Forecast
Analysis and Recommendations:
Natural Gas was flat today, after a strong trading day on Thursday. Investors pushed NG up after the EIA data showed a lower than expected climb in weekly inventories. NG is trading at 3.604. . The US Energy Department, storage level has been increased by 72 BCF in the last week, lower 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 a storm named as Patty is coming closer to Gulf region may create concern of supply disturbances to support gas prices.
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 12, 2012 actual v. forecast
|
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
|
Oct. 12 |
|
JPY |
|
|
Tertiary Industry Activity Index (MoM) |
0.4% |
|
0.5% |
|
-1.9% |
||
|
|
|
INR |
|
|
Indian Industrial Production (YoY) |
2.7% |
|
1.1% |
|
-0.2% |
||
|
|
|
EUR |
|
|
Industrial Production (MoM) |
0.6% |
|
-0.4% |
|
0.6% |
|
|
|
|
|
USD |
|
|
Core PPI (MoM) |
0.0% |
|
0.2% |
|
0.2% |
|
|
|
|
|
USD |
|
|
PPI (MoM) |
1.1% |
|
0.7% |
|
1.7% |
|
|
|
|
|
USD |
|
|
PPI (YoY) |
2.1% |
|
1.8% |
|
2.0% |
|
|
|
|
|
USD |
|
|
Core PPI (YoY) |
2.3% |
|
2.5% |
|
2.5% |
|
|
|
|
|
USD |
|
|
Michigan Consumer Sentiment |
83.1 |
|
78.0 |
|
78.3 |
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 |
|
Oct. 15 |
08:15 |
CHF |
0.5% |
Government Bond Auction
Date Time Country
Oct 15 09:10 Slovakia
Oct 15 10:00 Norway
Oct 16 08:30 Spain
Oct 16 09:10 Greece
Oct 16 09:30 Belgium
Oct 17 09:10 Sweden
Oct 17 09:30 Germany
Oct 17 09:30 Portugal
Oct 17 10:00 Norway
Oct 17 14:30 Sweden
Oct 18 08:30 Spain
Oct 18 08:50 France
Oct 18 09:30 UK
Oct 18 09:50 France
Oct 18 14:30 Sweden
Oct 18 15:00 US
Oct 18 17:00 US
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