Analysis and Recommendations: Natural Gas is trading at 3.454 falling by 6pts today. Traders have dumped NG as warmer weather, the US Fiscal Cliff,
Analysis and Recommendations:
Natural Gas is trading at 3.454 falling by 6pts today. Traders have dumped NG as warmer weather, the US Fiscal Cliff, yearend booking and higher inventories weigh on investors. Gas continues to trade higher than the expected range of 3.32 forecasts earlier this year and prices soared over recent weeks on talks of more exports and increased demands for US natural gas. This week, Sempra Energy announced that it has filed its permit application with the Federal Energy Regulatory Commission (FERC) to get approval to build natural gas liquefaction and export facilities at its existing Cameron LNG terminal in Hackberry, La.
The US is one of the top natural gas producing nations and is trying to increase global exports.
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 11, 2012 actual v. forecast
Date |
|
Currency |
|
|
Event |
Actual |
Forecast |
Previous |
||
Dec. 11 |
|
GBP |
|
|
RICS House Price Balance |
-9% |
-7% |
-7% |
||
|
|
AUD |
|
|
NAB Business Confidence |
-9 |
-1 |
|||
|
|
EUR |
|
|
French Non-Farm Payrolls (QoQ) |
-0.3% |
-0.3% |
-0.3% |
||
|
|
INR |
|
|
Indian Trade Balance |
-19.3B |
-19.1B |
20.9B |
||
|
|
ZAR |
|
|
South African Retail Sales (YoY) |
1.00% |
4.00% |
4.70% |
||
|
|
HUF |
|
|
Hungarian CPI (YoY) |
5.2% |
5.4% |
6.0% |
||
|
|
EUR |
|
|
German ZEW Economic Sentiment |
6.9 |
-12.0 |
-15.7 |
||
|
|
EUR |
|
|
ZEW Economic Sentiment |
7.6 |
0.1 |
-2.6 |
||
|
|
CAD |
|
|
Trade Balance |
-0.2B |
-1.0B |
-1.0B |
||
|
|
USD |
|
|
Trade Balance |
-42.2B |
-42.6B |
-40.3B |
WEEKLY
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
Date |
Time |
Currency |
Event |
Forecast |
Previous |
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 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