Natural Gas Fundamental Analysis September 14, 2012, Forecast
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Analysis and Recommendations:
Natural Gas dipped a bit today ahead of the weekly inventory reports. After the National Weather Center reduced the forecast as the two storms weakened in the gulf reducing worries of supply interruptions. Along with milder temperatures in the US demand for natural gas declined slightly.
Japan is expected to increase imports of Natural Gas by 18% in the coming months. With the hopes of stimlus from the US and China pending at this time, NG is sitting tight as 3.019 still trading on the positive side.
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 13, 2012 actual v. forecast
|
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
|
Sep. 13 |
|
KRW |
|
|
South Korean Interest Rate Decision |
3.00% |
|
2.75% |
|
3.00% |
|
|
|
|
|
CHF |
|
|
PPI (MoM) |
0.5% |
|
-0.4% |
|
-0.3% |
|
|
|
|
|
CHF |
|
|
Interest Rate Decision |
0.00% |
|
0.00% |
|
0.00% |
|
|
|
|
|
EUR |
|
|
ECB Monthly Report |
|
|
|
|
|
|
|
|
|
|
USD |
|
|
Core PPI (MoM) |
|
|
0.2% |
|
0.4% |
|
|
|
|
|
USD |
|
|
PPI (MoM) |
|
|
1.1% |
|
0.3% |
|
|
|
|
|
USD |
|
|
Initial Jobless Claims |
|
|
370K |
|
365K |
|
|
|
|
|
USD |
|
|
Continuing Jobless Claims |
|
|
3318K |
|
3322K |
|
|
|
|
|
USD |
|
|
PPI (YoY) |
|
|
1.4% |
|
0.5% |
|
|
|
|
|
USD |
|
|
Core PPI (YoY) |
|
|
2.6% |
|
2.5% |
|
|
|
|
|
USD |
|
|
Interest Rate Decision |
|
|
0.25% |
|
0.25% |
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
|
Sep. 14 |
10:00 |
EUR |
2.6% |
2.6% |
|
|
|
10:00 |
EUR |
-0.2% |
-0.2% |
|
|
|
10:00 |
EUR |
1.7% |
1.7% |
|
|
|
13:30 |
USD |
0.2% |
0.1% |
|
|
|
13:30 |
USD |
0.6% |
0.8% |
|
|
|
13:30 |
USD |
0.5% |
0.0% |
|
|
|
13:30 |
USD |
0.7% |
0.8% |
|
|
|
14:15 |
USD |
0.2% |
0.6% |
|
|
|
14:55 |
USD |
74.1 |
74.3 |
Government Bond Auction
Date Time Country
Sep 14 10:00 Belgium
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