Natural Gas Fundamental Analysis September 19, 2012 Forecast

Posted September 18, 2012 13:53 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
Add a comment

Category:

Fundamental Reports

Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

Analysis and Recommendations:

Natural Gas remains under 3.00 trading at 2.867 as investors wait for this week’s inventory. With FOMC elation is declining and markets returning to normal, natural gas will be priced more on fundamentals and less on future demand on hopes of stimulus or increased production and manufacturing. Following crude, energy prices need to remain low to help jumpstart the economy.

Natural gas futures closed lower, for the forth straight session, pressured by forecasts of mild US weather for the next 2-weeks that should slow overall demand and increase the amount of storage to already swollen inventories.

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 18, 2012 actual v. forecast

Sep. 18

AUD

Monetary Policy Meeting Minutes

CNY

China House Prices (MoM)

-1.40%

-1.50%

GBP

Core CPI (YoY)

2.1%

2.2%

2.3%

GBP

CPI (YoY)

2.5%

2.5%

2.6%

GBP

RPI (YoY)

2.9%

3.1%

3.2%

GBP

DCLG House Price Index (YoY)

2.0%

2.8%

2.3%

GBP

CPI (MoM)

0.5%

0.5%

0.1%

EUR

German ZEW Economic Sentiment

-18.2

-19.0

-25.5

EUR

ZEW Economic Sentiment

-3.8

-16.5

-21.2

USD

Current Account

-117.4B

-125.5B

-133.6B

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. 19	13:30	USD	Building Permits	0.800M	0.811M
	13:30	USD	Housing Starts	0.765M	0.746M
	15:00	USD	Existing Home Sales	4.56M	4.47M
Sep. 20	07:58	EUR	French Manufacturing PMI	46.4	46.0
	08:28	EUR	German Manufacturing PMI	45.3	44.7
	09:30	GBP	Retail Sales (MoM)	-0.4%	0.3%
	09:30	GBP	Retail Sales (YoY)	2.7%	2.8%
	11:00	GBP	CBI Industrial Trends Orders	-15	-21

Government Bond Auction

Date Time Country

Sep 19 09:10 Sweden

Sep 19 09:30 Germany

Sep 19 09:30 Portugal

Sep 19 10:00 Norway

Sep 20 08:30 Spain

Sep 20 08:50 France

Sep 20 09:30 UK

Sep 20 09:50 France

Sep 20 15:00 US

Sep 20 17:00 US

Sep 21 15:30 Italy

Want to read more articles like this one?

Enter your e-mail address and read FX Empire content directly from your inbox.

We value your privacy. Your e-mail address will not be shared.

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

View all of FX Empire Analyst - Barry Norman's Articles