Analysis and Recommendations: Natural Gas is trading at 3.607 adding just a few pips, as traders wait for this week's inventory while they hope for a
Analysis and Recommendations:
Natural Gas is trading at 3.607 adding just a few pips, as traders wait for this week’s inventory while they hope for a change in weather patterns. With weather temperatures at unseasonably high temperatures for the winter residential demand continues to decline and the short term prospects remain on the warmer side. There has been much other news to affect the demand or supply of US natural gas, so the commodity seems to idle ahead of this week’s inventory, as traders are expecting an increase in supplies.
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 3, 2012 actual v. forecast
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
Dec. 03 |
|
AUD |
|
|
Company Gross Operating Profits (QoQ) |
-2.9% |
|
-2.5% |
|
-0.3% |
||
|
|
AUD |
|
|
Retail Sales (MoM) |
0.0% |
|
0.4% |
|
0.5% |
|
|
|
|
CNY |
|
|
Chinese HSBC Manufacturing PMI |
50.50 |
|
50.40 |
|
50.40 |
|
|
|
|
JPY |
|
|
BoJ Governor Shirakawa Speaks |
|
|
|
|
|
|
|
|
|
TRY |
|
|
Turkish CPI (MoM) |
0.38% |
|
0.91% |
|
1.96% |
|
|
|
|
CHF |
|
|
Retail Sales (YoY) |
2.7% |
|
4.1% |
|
5.4% |
|
|
|
|
CHF |
|
|
SVME PMI |
48.5 |
|
47.0 |
|
46.1 |
|
|
|
|
EUR |
|
|
Italian Manufacturing PMI |
45.10 |
|
45.90 |
|
45.50 |
|
|
|
|
EUR |
|
|
French Manufacturing PMI |
44.5 |
|
44.7 |
|
44.7 |
|
|
|
|
EUR |
|
|
German Manufacturing PMI |
46.8 |
|
46.8 |
|
46.8 |
|
|
|
|
EUR |
|
|
Manufacturing PMI |
46.2 |
|
46.2 |
|
46.2 |
|
|
|
|
GBP |
|
|
Manufacturing PMI |
49.1 |
|
48.1 |
|
47.3 |
||
|
|
USD |
|
|
ISM Manufacturing Index |
52.80 |
|
51.3 |
|
51.7 |
WEEKLY
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
Date |
Time |
Currency |
Event |
Forecast |
Previous |
Dec. 05 |
10:00 |
EUR |
-0.1% |
-0.2% |
|
|
13:15 |
USD |
125K |
158K |
|
|
13:30 |
USD |
2.7% |
1.9% |
|
|
13:30 |
USD |
-0.9% |
-0.1% |
|
|
15:00 |
USD |
53.5 |
54.2 |
|
Dec. 06 |
08:15 |
CHF |
0.1% |
||
|
09:30 |
GBP |
-8.8B |
-8.4B |
|
|
10:00 |
EUR |
-0.1% |
-0.1% |
|
|
11:00 |
EUR |
0.9% |
-3.3% |
|
|
12:00 |
GBP |
0.50% |
0.50% |
|
|
12:00 |
GBP |
375B |
375B |
|
|
12:45 |
EUR |
0.75% |
0.75% |
|
Dec. 07 |
09:30 |
GBP |
0.7% |
-1.7% |
|
|
09:30 |
GBP |
-0.2% |
0.1% |
|
|
09:30 |
GBP |
-0.6% |
-2.6% |
|
|
11:00 |
EUR |
-0.5% |
-1.8% |
Government Bond Auction
Date Time Country
Dec 04 01:30 Japan
Dec 04 10:30 Belgium
Dec 04 15:30 UK
Dec 05 09:30 Spain
Dec 05 10:30 Germany
Dec 05 11:00 Norway
Dec 05 15:30 Sweden
Dec 06 01:30 Japan
Dec 06 09:50 France
Dec 06 16:00 US
Dec 07 16:30 Italy