Natural Gas Fundamental Analysis September 20, 2012, Forecast

Posted September 19, 2012 15:39 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Analysis and Recommendations:

Natural Gas is trading at 2.841 adding 0.068 today. It seems that NG is marching to its own drummer as crude oil continued to decline today. News of the Japanese monetary stimulus helped support NG as Japan is a large importer of LNG.

Traders are waiting for Thursday weekly storage report hoping that inventories have not increased as much as expected.

Weather in the US is in the normal range as summer temperatures pass. There are no new storms affecting production at this time.

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 19, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Sep. 19

JPY

Interest Rate Decision

0.10%

0.10%

USD

Building Permits

0.803M

0.796M

0.811M

USD

Housing Starts

0.750M

0.765M

0.733M

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. 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 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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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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