Natural Gas Fundamental Analysis October 23, 2012 Forecast

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By FX Empire Analyst - Barry Norman
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Analysis and Recommendations:

Natural Gas is trading at 3.615 mostly flat today. The commodities markets have been very quiet, with low volume and little news or events. Natural Gas soared last week and profit taking was expected today, but it did not seem to affect the demand. There is no major trigger in the market relating to gas however, some weakness should be noticed due to lower volume at trade while open interests are marginally higher. This also indicates that market is eyeing on some trigger which may probably have negative pressure 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 22, 2012 actual v. forecast

Date

 

Currency

 

 

Event

Actual

 

Forecast

 

Previous

Oct. 22

 

JPY

 

 

Trade Balance 

-0.98T

 

-0.74T 

 

-0.46T 

 

 

JPY

 

 

BoJ Governor Shirakawa Speaks 

 

 

 

 

 

 

 

TWD

 

 

Taiwanese Unemployment Rate 

4.30%

 

4.30% 

 

4.29% 

 

WEEKLY

 

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

Date

Time

Currency

Event

Forecast

Previous

Oct. 24 

07:58

EUR

French Manufacturing PMI 

44.0

42.7 

 

08:28

EUR

German Manufacturing PMI 

48.0

47.4 

 

09:00

EUR

German Ifo Business Climate Index 

101.6

101.4 

 

09:00

EUR

German Current Assessment 

109.7

110.3 

 

09:00

EUR

German Business Expectations 

94.3

93.2 

 

11:00

GBP

CBI Industrial Trends Orders 

 

-8 

 

15:00

USD

New Home Sales

385K

373K

Oct.26 

07:00

EUR

GfK German Consumer Climate 

5.9

5.9 

 

08:00

CHF

KOF Leading Indicators 

1.67

1.67 

Government Bond Auction

Date Time Country 

Oct 23 08:30 Spain 

Oct 23 14:30 UK 

Oct 23 17:00 US 

Oct 24 09:10 Sweden 

Oct 24 09:30 Germany 

Oct 24 14:30 Sweden 

Oct 24 15:30 Italy  

Oct 24 16:30 US 

Oct 25 00:30 Japan 

Oct 25 09:10 Sweden 

Oct 25 15:30 Italy  

Oct 25 17:00 US 

Oct 26 09:10 Italy

WEEKLY

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