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Natural Gas Fundamental Analysis December 11, 2012, Forecast
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Analysis and Recommendations: Natural Gas continued to weaken today trading at 3.442 as investors turned their back on the commodity. After just a week
Analysis and Recommendations:
Natural Gas continued to weaken today trading at 3.442 as investors turned their back on the commodity. After just a week ago, natural gas was the sweetheart of the markets rising to 3.99 breaking recent highs and then fell from its perch. Residential use diminished along with spare capacity needs as warmer than expected weather across the US continued.
Last week’s EIA inventory showed a continued rise in inventory disappointing investors. Traders have been dumping the commodity to find higher risk assets with a better chance of turning profits before the end of the year. Natural Gas needs a cold spell across the US but no is called for until after the New Year.
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 December 9, 2012 actual v. forecast
|
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
|
Dec. 09 |
|
CNY |
|
|
Chinese CPI (YoY) |
2.0% |
|
2.1% |
|
1.7% |
|
|
|
|
|
CNY |
|
|
Chinese PPI (YoY) |
-2.2% |
|
-2.0% |
|
-2.8% |
|
|
|
|
|
CNY |
|
|
Chinese CPI (MoM) |
0.1% |
|
0.2% |
|
-0.1% |
|
|
|
|
|
CNY |
|
|
Chinese Fixed Asset Investment (YoY) |
20.7% |
|
20.8% |
|
20.7% |
|
|
|
|
|
CNY |
|
|
Chinese Industrial Production (YoY) |
10.1% |
|
9.8% |
|
9.6% |
|
|
|
|
|
CNY |
|
|
Chinese Retail Sales (YoY) |
14.9% |
|
14.6% |
|
14.5% |
Economic Data December 10, 2012 actual v. forecast
|
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
|
Dec. 10 |
|
AUD |
|
|
Home Loans (MoM) |
0.1% |
|
3.0% |
|
1.1% |
||
|
|
|
CNY |
|
|
Chinese Trade Balance |
19.60B |
|
25.70B |
|
32.00B |
|
|
|
|
|
DKK |
|
|
Danish CPI (YoY) |
2.30% |
|
|
|
2.30% |
|
|
|
|
|
NOK |
|
|
Norwegian Core Inflation (MoM) |
0.00% |
|
0.10% |
|
0.00% |
|
|
|
|
|
NOK |
|
|
Norwegian CPI (MoM) |
0.10% |
|
0.10% |
|
0.50% |
|
|
|
|
|
CAD |
|
|
Housing Starts |
|
|
201.0K |
|
204.1K |
|
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 |
|
Dec. 11 |
00:01 |
GBP |
-7% |
-7% |
|
|
|
10:00 |
EUR |
-12.0 |
-15.7 |
|
|
|
13:30 |
USD |
-42.5B |
-41.6B |
|
|
Dec. 12 |
07:00 |
EUR |
-0.1% |
-0.1% |
|
|
|
07:00 |
EUR |
1.9% |
1.9% |
|
|
|
07:45 |
EUR |
|
0.1% |
|
|
|
09:30 |
GBP |
1.9% |
1.8% |
|
|
|
09:30 |
GBP |
7.0K |
10.1K |
|
|
|
10:00 |
EUR |
0.2% |
-2.5% |
|
|
|
13:30 |
USD |
-0.5% |
0.5% |
|
|
|
19:00 |
USD |
-147.5B |
-120.0B |
|
|
Dec. 13 |
08:15 |
CHF |
-0.3% |
-0.1% |
|
|
|
11:00 |
GBP |
-16 |
-21 |
|
|
Dec. 14 |
07:58 |
EUR |
45.0 |
44.5 |
|
|
|
08:28 |
EUR |
47.2 |
46.8 |
|
|
|
10:00 |
EUR |
2.2% |
2.2% |
|
|
|
10:00 |
EUR |
|
1.5% |
Government Bond Auction
Date Time Country
Dec 11 09:30 Spain
Dec 11 10:10 Greece
Dec 11 10:15 Austria
Dec 11 10:30 Belgium
Dec 11 10:30 UK
Dec 11 18:00 US
Dec 12 10:10 Italy
Dec 12 10:10 Sweden
Dec 12 10:30 Swiss
Dec 12 16:30 US
Dec 13 01:30 Japan
Dec 13 09:30 Spain
Dec 13 10:10 Italy
Dec 13 10:30 UK
Dec 13 16:00 US
Dec 13 18:00 US
Dec 14 11:00 Belgium
Dec 14 15:30 UK
About the Author
Barry Normanauthor
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