Analysis and Recommendations: Natural Gas was a market shocker today, trading at 3.425 adding 0.067 as traders took advantage of the weak US dollar and
Analysis and Recommendations:
Natural Gas was a market shocker today, trading at 3.425 adding 0.067 as traders took advantage of the weak US dollar and the low price of the commodity to take pre year end positions. After Mr. Obama seemed to find a compromise with Republicans, markets moved to higher risk assets including commodities which helped NG climb. Also a change in weather forecast for the next few weeks helped improve residential demand outlook. Traders will be waiting patiently for Thursday inventory report.
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 18, 2012 actual v. forecast
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
Dec. 18 |
|
AUD |
|
|
Monetary Policy Meeting Minutes |
|
|
|
|
|
|
|
|
|
INR |
|
|
Indian Interest Rate Decision |
8.00% |
|
8.00% |
|
8.00% |
|
|
|
|
SEK |
|
|
Swedish Interest Rate Decision |
1.00% |
|
1.00% |
|
1.25% |
|
|
|
|
GBP |
|
|
Core CPI (YoY) |
2.6% |
|
2.7% |
|
2.6% |
|
|
|
|
GBP |
|
|
CPI (YoY) |
2.7% |
|
2.6% |
|
2.7% |
|
|
|
|
GBP |
|
|
PPI Input (MoM) |
0.1% |
|
-0.1% |
|
0.1% |
||
|
|
GBP |
|
|
CPI (MoM) |
0.2% |
|
0.2% |
|
0.5% |
|
|
|
|
GBP |
|
|
PPI Input (YoY) |
-0.3% |
|
-0.5% |
|
0.1% |
WEEKLY
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
Date |
Time |
Currency |
Event |
Forecast |
Previous |
Dec. 19 |
09:00 |
EUR |
102.0 |
101.4 |
|
|
09:00 |
EUR |
108.0 |
108.1 |
|
|
09:00 |
EUR |
96.3 |
95.2 |
|
|
11:00 |
GBP |
25 |
33 |
|
|
13:30 |
USD |
0.875M |
0.868M |
|
|
13:30 |
USD |
0.870M |
0.894M |
|
Dec. 20 |
09:30 |
GBP |
0.3% |
-0.8% |
|
|
09:30 |
GBP |
1.5% |
0.6% |
|
Dec. 21 |
07:00 |
EUR |
5.9 |
5.9 |
|
|
09:30 |
GBP |
-14.0B |
-20.8B |
|
|
09:30 |
GBP |
1.0% |
1.0% |
|
|
09:30 |
GBP |
-0.1% |
-0.1% |
Government Bond Auction
Date Time Country
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