Natural Gas Fundamental Analysis September 24, 2012 Forecast

Posted September 21, 2012 13:50 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
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Analysis and Recommendations:

Natural Gas is trading at 2.8005 holding on to gains made earlier in this week. Inventory levels are unseasonably high, but global stimulus especially from the Japan, the world’s leading importer of natural gas, is expected to increase manufacturing and production and therefore increase the demands on gas.

Natural gas futures closed higher backed by technical buying and short covering, despite concerns over mild weather forecasts in US and slowing demand. The US Energy Information Administration reported an increase in gas inventories by 67bn cubic feet to 3.496 trillion cubic feet for the week ended Sept. 14

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 21, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Sep. 21

AUD

CB Leading Index (MoM)

0.0%

0.5%

NZD

Credit Card Spending (YoY)

1.0%

0.1%

EUR

Dutch Consumer Spending

-1.50

-0.50

GBP

Public Sector Net Borrowing

12.4B

13.3B

-1.9B

CAD

Core CPI (MoM)

0.3%

0.3%

-0.1%

CAD

CPI (MoM)

0.2%

0.4%

-0.1%

CAD

Wholesale Sales (MoM)

-0.6%

-0.1%

-0.3%

CAD

CPI (YoY)

1.2%

1.0%

1.3%

EUR

Belgium NBB Business Climate

-11.6

-11.2

-11.8

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 EUR ( there are no USD or CAD events )

Date	Time	Currency	Event	Forecast	Previous
Sep. 24	09:00	EUR	German Ifo Business Climate Index	102.1	102.3
	09:00	EUR	German Current Assessment		111.2
	09:00	EUR	German Business Expectations		94.2

Government Bond Auction

Date Time Country

Sep 24 09:10 Norway

Sep 24 09:30 Germany

Sep 24 10:00 Belgium

Sep 24 15:30 Italy

Sep 25 08:30 Holland

Sep 25 08:30 Spain

Sep 25 09:10 Italy

Sep 25 14:30 UK

Sep 25 17:00 US

Sep 26 09:10 Italy

Sep 26 09:10 Sweden

Sep 26 09:00 Germany

Sep 26 14:30 Sweden

Sep 26 17:00 US

Sep 27 00:30 Japan

Sep 27 09:10 Italy

Sep 27 17:00 US

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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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