Natural Gas Fundamental Analysis October 18, 2012 Forecast
Add a comment
Fundamental Reports
To learn more click here
Natural Gas Fundamental Analysis October 18, 2012 Forecast
Analysis and Recommendations:
Natural Gas is trading at 3.481 adding back 0.044 today. A weakened US dollar helped push up dollar denominated commodities. Also an increase in building permits and housing showed an improvement in the US economy supported by jobs, consumer confidence and manufacturing.
As per US Energy department, storage level injection is likely to increase by 47 BCF, which is lower than prior week injection. This, may support prices for a while whereas a slow down in world economic growth and US energy independence plan might be weighing on 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 17, 2012 actual v. forecast
|
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
|
Oct. 17 |
|
GBP |
|
|
Average Earnings Index +Bonus |
1.7% |
|
1.6% |
|
1.6% |
||
|
|
|
GBP |
|
|
Claimant Count Change |
-4.0K |
|
-1.0K |
|
-14.2K |
||
|
|
|
USD |
|
|
Building Permits |
0.894M |
|
0.810M |
|
0.801M |
|
|
|
|
|
USD |
|
|
Housing Starts |
0.872M |
|
0.770M |
|
0.758M |
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. 18 |
09:30 |
GBP |
0.4% |
-0.2% |
|
|
09:30 |
GBP |
2.1% |
2.7% |
Government Bond Auction
Date Time Country
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
EUR/USD Forecast June 20, 2013, Technical Analysis
AUD/USD Forecast June 20, 2013, Technical Analysis
Gold Forecast June 20, 2013, Technical Analysis
AUD/USD Fundamental Analysis June 21, 2013 Forecast
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
View all of FX Empire Analyst - Barry Norman's Articles
