Analysis and Recommendations: Natural Gas tumbled today dropping over 11 cents as traders pushed it off a bottom and then dumped the commodity again. Gas
Analysis and Recommendations:
Natural Gas tumbled today dropping over 11 cents as traders pushed it off a bottom and then dumped the commodity again. Gas is trading at 3.305. With weather forecast changing back and forth over the past few days and now weather calling for average temperatures over the next few days and inventories estimates showing an increase in inventory, natural gas traders are looking once again for a bottom.
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 19, 2012 actual v. forecast
Date |
Time |
|
Currency |
|
Importance |
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
Dec. 19 |
09:00 |
|
EUR |
|
|
German Ifo Business Climate Index |
102.4 |
|
102.0 |
|
101.4 |
|
||
|
09:00 |
|
EUR |
|
|
German Current Assessment |
107.1 |
|
108.0 |
|
108.1 |
|
||
|
09:00 |
|
EUR |
|
|
German Business Expectations |
97.9 |
|
96.3 |
|
95.2 |
|
||
|
09:30 |
|
GBP |
|
|
MPC Meeting Minutes |
|
|
|
|
|
|
||
|
11:00 |
|
GBP |
|
|
CBI Distributive Trades Survey |
19 |
|
25 |
|
33 |
|
||
|
13:30 |
|
USD |
|
|
Building Permits |
0.899M |
|
0.875M |
|
0.868M |
|
||
|
13:30 |
|
USD |
|
|
Housing Starts |
0.861M |
|
0.873M |
|
0.888M |
|||
|
13:30 |
|
CAD |
|
|
Wholesale Sales (MoM) |
0.9% |
|
1.0% |
|
-1.5% |
WEEKLY
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
Date |
Time |
Currency |
Event |
Forecast |
Previous |
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 20 10:30 UK
Dec 20 16:30 Italy
Dec 20 18:00 US
Dec 21 16:30 Italy