Natural Gas Fundamental Analysis September 3, 2012, Forecast
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Analysis and Recommendations:
Natural Gas is trading at 2.744 after Mr. Bernanke’s presentation. Yesterday’s EIA inventory report showed a jump in inventory, which is weighing on prices. The overall energy pack is up today on the hopes of global stimulus, including the Feds, the ECB and the Chinese.
As per US energy department, gas storage has been increased by 66BCF, higher than prior week and survey also. Though consumption has been increased in the last week after two weeks of fall, the demand level is still low in comparison to last year at this same time. Active hurricane season has created supply disturbances and weekly supply declined by 2.84% in the last week. As per National Hurricane Center, tropical storm Isaac has turned as depression inland, which eased the concern of supply disturbances.
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 August 31, 2012 actual v. forecast
|
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
|
Aug. 31 |
|
KRW |
|
|
South Korean Industrial Production (YoY) |
0.3% |
|
0.5% |
|
1.4% |
||
|
|
|
JPY |
|
|
Unemployment Rate |
4.3% |
|
4.3% |
|
4.3% |
|
|
|
|
|
JPY |
|
|
Tokyo Core CPI (YoY) |
-0.5% |
|
-0.6% |
|
-0.6% |
|
|
|
|
|
JPY |
|
|
Industrial Production (MoM) |
-1.2% |
|
1.7% |
|
0.4% |
|
|
|
|
|
INR |
|
|
Indian GDP (YoY) |
5.5% |
|
5.3% |
|
5.3% |
|
|
|
|
|
GBP |
|
|
Nationwide HPI (MoM) |
1.3% |
|
0.1% |
|
-0.8% |
||
|
|
|
NOK |
|
|
Norwegian Core Retail Sales (MoM) |
0.20% |
|
0.50% |
|
-1.40% |
|
|
|
|
|
EUR |
|
|
CPI (YoY) |
2.6% |
|
2.5% |
|
2.4% |
|
|
|
|
|
EUR |
|
|
Unemployment Rate |
11.3% |
|
11.3% |
|
11.3% |
||
|
|
|
CAD |
|
|
GDP (MoM) |
0.2% |
|
0.1% |
|
0.1% |
|
|
|
|
|
USD |
|
|
Chicago PMI |
53.0 |
|
53.5 |
|
53.7 |
|
|
|
|
|
USD |
|
|
Michigan Consumer Sentiment |
74.3 |
|
73.6 |
|
73.6 |
|
|
|
|
|
USD |
|
|
Fed Chairman Bernanke Speaks |
|
|
|
|
|
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 US ( no CAD events)
|
Date |
Time |
|
Currency |
|
|
Event |
|
|
Previous |
|
|
|
Sep 03 |
08:15 |
|
CHF |
|
|
|
|
3.7% |
|
||
|
|
08:30 |
|
CHF |
|
|
|
|
48.6 |
|
Government Bond Auction
Date Time Country
Sep 03 09:10 Norway Bond auction
Sep 03 10:00 Belgium OLO auction
Sep 04 00:30 Japan Auctions 10Y JGBs
Sep 04 09:15 Austria Bond auction
Sep 04 09:30 Belgium Auctions Dec 2012 (3M) & Feb 2013 (6M) T-bills
Sep 04 14:30 UK Details 0.75% 2034 I/L Gilt & 1.75% Sep 2022 Gilt on Sep
Sep 05 09:10 Sweden Nominal bond auction
Sep 05 09:30 Germany Eur 5.0bn Sep 2022 Bund auction
Sep 05 09:30 UK 4.5% 2042 Gilt auction
Sep 06 00:30 Japan Auctions 30Y JGBs
Sep 06 08:30 Spain Bono auction
Sep 06 08:50 France OAT auction
Sep 06 09:10 Sweden I/L bond auction
Sep 06 15:00 US Announces 3Y Notes on Sep 11, 10Y Notes on Sep 12 &
Sep 07 15:30 Italy
AUD/USD forecast for the week of May 20, Technical Analysis
EUR/USD Mid-Session Analysis for May 17, 2013
Fed Exit Strategy Speculation Drives EUR/USD Lower
EUR/USD Forecast May 20, 2013, Technical Analysis
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