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Natural Gas Fundamental Analysis December 14, 2012, Forecast
By:
Analysis and Recommendations: Natural Gas continued to decline to trade at 3.352 heading back to its projected average trading price at the 3.32 range as
Analysis and Recommendations:
Natural Gas continued to decline to trade at 3.352 heading back to its projected average trading price at the 3.32 range as traders see no demand for the commodity with weather patterns calling for warmer than normal temperatures and less energy demand from commercial and residential users. Traders will wait for today’s inventory report later in the session but early forecasts show an increase in supply, which will weigh on the commodity.
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 13, 2012 actual v. forecast
|
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
|
Dec. 13 |
|
KRW |
|
|
South Korean Interest Rate Decision |
2.75% |
|
2.75% |
|
2.75% |
|
|
|
|
|
CHF |
|
|
PPI (MoM) |
0.0% |
|
-0.3% |
|
-0.1% |
|
|
|
|
|
CHF |
|
|
Interest Rate Decision |
0.00% |
|
0.00% |
|
0.00% |
|
|
|
|
|
GBP |
|
|
CBI Industrial Trends Orders |
-12 |
|
-16 |
|
-21 |
|
|
|
|
|
USD |
|
|
Core PPI (MoM) |
0.1% |
|
0.2% |
|
-0.2% |
|
|
|
|
|
USD |
|
|
Core Retail Sales (MoM) |
0.0% |
|
-0.1% |
|
0.0% |
|
|
|
|
|
USD |
|
|
PPI (MoM) |
-0.8% |
|
-0.5% |
|
-0.2% |
|
|
|
|
|
USD |
|
|
Retail Sales (MoM) |
0.3% |
|
0.5% |
|
-0.3% |
|
|
|
|
|
USD |
|
|
Initial Jobless Claims |
343K |
|
370K |
|
372K |
||
|
|
|
USD |
|
|
Continuing Jobless Claims |
3198K |
|
3210K |
|
3221K |
||
|
|
|
USD |
|
|
PPI (YoY) |
1.5% |
|
1.8% |
|
2.3% |
|
|
|
|
|
USD |
|
|
Core PPI (YoY) |
2.2% |
|
2.2% |
|
2.1% |
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. 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 14 11:00 Belgium
Dec 14 15:30 UK
Dec 17 10:10 Norway
Dec 17 18:00 US
Dec 18 01:30 Japan
Dec 18 09:30 Spain
Dec 18 10:10 Greece
Dec 18 18:00 US
Dec 19 18:00 US
Dec 20 10:30 UK
Dec 20 16:30 Italy
Dec 20 18:00 US
Dec 21 16:30 Italy
About the Author
Barry Normanauthor
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