Natural Gas Fundamental Analysis October 3, 2012 Forecast

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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% 

 

3.50% 

 

 

 

 

GBP

 

 

Nationwide HPI (MoM) 

-0.4%

 

-0.3% 

 

1.1% 

   

 

 

EUR

 

 

Spanish Unemployment

79.60K

 

 

 

38.20K 

 

 

 

WEEKLY

 

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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