Natural Gas Fundamental Analysis September 19, 2012 Forecast

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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

 

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

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