Natural Gas Fundamental Analysis October 3, 2012 Forecast

Posted October 02, 2012 17:42 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Analysis and Recommendations:

Natural Gas continues to hold on to its gains, trading at 3.483. Natural gas futures were higher on for the 6th straight day, with Northeast and Midwest forecasts calling for cool weather for later this week and next week driving the front contract to a new high for the year. Despite prospects for some early heating load, many traders and analysts remained skeptical of the upside with storage and production still at or near record highs. Concerns also are growing that as gas prices push well above $3 per mmBtu some utilities, which have been burning cheaper gas to generate power, could switch back to coal.

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 2, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Oct. 02

KRW

South Korean CPI (YoY)

2.0%

2.0%

1.2%

AUD

Interest Rate Decision

3.25%

3.50%

GBP

Nationwide HPI (MoM)

-0.4%

-0.3%

1.1%

EUR

Spanish Unemployment

79.60K

38.20K

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. 03	10:00	EUR	Retail Sales (MoM)	-0.2%	-0.2%
Oct. 04	12:00	GBP	Interest Rate Decision	0.50%	0.50%
	12:00	GBP	BOE QE Total	375B	375B
	12:45	EUR	Interest Rate Decision	0.75%	0.75%
Oct. 05	11:00	EUR	German Factory Orders (MoM)	-0.7%	0.5%

Government Bond Auction

Date Time Country

Oct 03 09:10 Sweden

Oct 03 10:00 Norway

Oct 04 08:30 Spain

Oct 04 08:50 France

Oct 04 15:00 US

Oct 05 15:30 Italy

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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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