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Natural Gas Fundamental Analysis December 20, 2012, Forecast

By:
Barry Norman
Updated: Aug 21, 2015, 01:00 UTC

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

Natural Gas Fundamental Analysis December 20, 2012, Forecast
Natural Gas Fundamental Analysis December 20, 2012, Forecast
Natural Gas Fundamental Analysis December 20, 2012, Forecast

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

Retail Sales (MoM) 

0.3%

-0.8%

 

09:30

GBP

Retail Sales (YoY) 

1.5%

0.6%

Dec. 21

07:00

EUR

GfK German Consumer Climate 

5.9

5.9

 

09:30

GBP

Current Account 

-14.0B

-20.8B

 

09:30

GBP

GDP (QoQ) 

1.0%

1.0%

 

09:30

GBP

GDP (YoY) 

-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  

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