Advertisement
Advertisement
Natural Gas Fundamental Analysis December 13, 2012 Forecast
By:
Analysis and Recommendations: Natural Gas continued to tumble today, falling below 3.40 to trade at 3.397 off by 0.015. Natural Gas just a few months back
Analysis and Recommendations:
Natural Gas continued to tumble today, falling below 3.40 to trade at 3.397 off by 0.015. Natural Gas just a few months back was trading below the 3.00 range and was expected to trade at a seasonally adjusted price in the range of 3.32. Traders ran up the prices on export demands and weather predictions. Demand was increased for the short term as nuclear reactors were down for maintenance but this was a slight blimp upwards. Traders are now looking for risk and reward before the end of the year and have dumped the commodity hard.
Traders are hoping tomorrow’s inventory report will show a decrease in stock. There is no other fundamental news to support current prices, the commodity remains bearish.
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 12, 2012 actual v. forecast
|
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
|
Dec. 12 |
|
AUD |
|
|
RBA Governor Stevens Speaks |
|
|
|
|
|
|
|
|
|
|
INR |
|
|
Indian Industrial Production (YoY) |
8.2% |
|
4.5% |
|
-0.7% |
||
|
|
|
EUR |
|
|
German CPI (MoM) |
-0.1% |
|
-0.1% |
|
-0.1% |
|
|
|
|
|
EUR |
|
|
German CPI (YoY) |
1.9% |
|
1.9% |
|
1.9% |
|
|
|
|
|
EUR |
|
|
French CPI (MoM) |
-0.2% |
|
0.0% |
|
0.1% |
|
|
|
|
|
ZAR |
|
|
South African CPI (MoM) |
0.20% |
|
0.20% |
|
0.60% |
|
|
|
|
|
GBP |
|
|
Average Earnings Index +Bonus |
1.8% |
|
1.9% |
|
1.8% |
|
|
|
|
|
GBP |
|
|
Claimant Count Change |
-3.0K |
|
7.0K |
|
6.0K |
||
|
|
|
EUR |
|
|
Industrial Production (MoM) |
-1.4% |
|
0.2% |
|
-2.3% |
||
|
|
|
USD |
|
|
Import Price Index (MoM) |
-0.9% |
|
-0.5% |
|
0.3% |
||
|
|
|
MXN |
|
|
Mexican Industrial Production (YoY) |
3.6% |
|
3.6% |
|
2.3% |
||
|
|
|
USD |
|
|
Interest Rate Decision |
|
|
0.25% |
|
0.25% |
|
|
|
|
|
USD |
|
|
FOMC Statement |
|
|
|
|
|
|
|
|
|
|
USD |
|
|
10-Year Note Auction |
|
|
|
|
1.675% |
|
|
|
|
|
USD |
|
|
Federal Budget Balance |
|
|
-150.0B |
|
-120.0B |
|
|
|
|
|
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 USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
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 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
Did you find this article useful?
Latest news and analysis
Advertisement