Natural Gas Fundamental Analysis September 10, 2012, Forecast
Add a comment
Fundamental Reports
To learn more click here
Analysis and Recommendations:
Natural Gas is trading at 2.70 standing still as commodities soared to new highs today. The US dollar weakened after the release of the US jobs data, which was lackluster and supported immediate monetary stimulus from the FOMC.
The euro gained on the hopes of stimulus combined with the shift in sentiment after the ECB announced their new bond sterilization plans to help ailing nations in the EU.
Yesterday’s EIA inventory showed an increase in supply and with no unusual weather in the US to increase demand, NG is just stuck.
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 September 7, 2012 actual v. forecast
|
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
|
Sep. 07 |
|
AUD |
|
|
Trade Balance |
-0.56B |
|
-0.30B |
|
-0.23B |
||
|
|
|
CHF |
|
|
Unemployment Rate |
2.9% |
|
2.9% |
|
2.9% |
|
|
|
|
|
GBP |
|
|
Industrial Production (MoM) |
2.9% |
|
1.5% |
|
-2.4% |
||
|
|
|
GBP |
|
|
Manufacturing Production (MoM) |
3.2% |
|
2.0% |
|
-2.9% |
|
|
|
|
|
GBP |
|
|
PPI Input (MoM) |
2.0% |
|
1.7% |
|
0.4% |
||
|
|
|
GBP |
|
|
PPI Input (YoY) |
1.4% |
|
1.2% |
|
-2.4% |
|
|
|
|
|
GBP |
|
|
Industrial Production (YoY) |
-0.8% |
|
-2.8% |
|
-3.8% |
||
|
|
|
EUR |
|
|
German Industrial Production (MoM) |
1.3% |
|
0.2% |
|
-0.4% |
||
|
|
|
USD |
|
|
Average Hourly Earnings (MoM) |
0.0% |
|
0.2% |
|
0.1% |
|
|
|
|
|
CAD |
|
|
Building Permits (MoM) |
-2.3% |
|
-2.0% |
|
-2.5% |
|
|
|
|
|
CAD |
|
|
Employment Change |
34.3K |
|
10.0K |
|
-30.4K |
|
|
|
|
|
CAD |
|
|
Labor Productivity (QoQ) |
-0.4% |
|
0.2% |
|
0.1% |
|
|
|
|
|
USD |
|
|
Nonfarm Payrolls |
96K |
|
125K |
|
141K |
||
|
|
|
USD |
|
|
Unemployment Rate |
8.1% |
|
8.3% |
|
8.3% |
|
|
|
|
|
CAD |
|
|
Unemployment Rate |
7.3% |
|
7.3% |
|
7.3% |
|
|
|
|
|
USD |
|
|
Average Weekly Hours |
34.4 |
|
34.5 |
|
34.4 |
||
|
|
|
USD |
|
|
Private Nonfarm Payrolls |
103K |
|
138K |
|
162K |
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 |
|
|
|
Sep. 09 |
02:30 |
|
CNY |
|
|
Chinese CPI (YoY) |
|
2.0% |
|
1.8% |
|
|
|
|
02:30 |
|
CNY |
|
|
Chinese PPI (YoY) |
|
-3.3% |
|
-2.9% |
|
|
|
|
02:30 |
|
CNY |
|
|
Chinese CPI (MoM) |
|
0.5% |
|
0.1% |
|
|
|
|
06:30 |
|
CNY |
|
|
Chinese Fixed Asset Investment (YoY) |
|
20.4% |
|
20.4% |
|
|
|
|
06:30 |
|
CNY |
|
|
Chinese Industrial Production (YoY) |
|
9.1% |
|
9.2% |
|
|
|
|
06:30 |
|
CNY |
|
|
Chinese Retail Sales (YoY) |
|
13.2% |
|
13.1% |
||
|
Sep. 10 |
00:50 |
|
JPY |
|
|
GDP (QoQ) |
|
0.3% |
|
0.3% |
|
|
|
|
02:00 |
|
CNY |
|
|
Chinese Trade Balance |
|
19.80B |
|
25.10B |
|
|
|
|
02:30 |
|
AUD |
|
|
Home Loans (MoM) |
|
|
|
1.3% |
|
Government Bond Auction
Date Time Country
Sep 10 09:30 Germany
Sep 10 15:30 Italy
Sep 11 00:30 Japan
Sep 11 08:30 Holland
Sep 11 09:10 Greece
Sep 11 09:30 UK
Sep 11 14:30 UK
Sep 11 17:00 US
Sep 12 09:10 Italy
Sep 12 09:10 Sweden
Sep 12 09:30 Germany
Sep 12 09:30 Swiss
Sep 12 14:30 Sweden
Sep 12 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
USD/JPY Forecast June 20, 2013, Technical Analysis
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
