Analysis and Recommendations: Natural Gas is trading at 3.57 continuing to decline as traders seem to have turned sour on NG. With warm weather streaking
Analysis and Recommendations:
Natural Gas is trading at 3.57 continuing to decline as traders seem to have turned sour on NG. With warm weather streaking across the US, as most people are hoping and praying for snow for the holiday season. Residential usage decreased and forward projections see lower residential demand. There is little excess demand with nuclear stations finished the maintenance procedures. Traders have been selling of the commodity as it hit record highs over the past weeks.
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 4, 2012 actual v. forecast
Date |
|
Currency |
|
|
Event |
Actual |
Forecast |
Previous |
|
|
||
Dec. 04 |
|
AUD |
|
|
Building Approvals (MoM) |
-7.6% |
-2.0% |
9.5% |
||||
|
|
AUD |
|
|
Current Account |
-14.9B |
-14.8B |
-12.4B |
||||
|
|
AUD |
|
|
Interest Rate Decision |
3.00% |
3.00% |
3.25% |
|
|||
|
|
AUD |
|
|
RBA Rate Statement |
|
||||||
|
|
EUR |
|
|
Spanish Unemployment Change |
74.30K |
90.50K |
128.20K |
|
|||
|
|
BRL |
|
|
Brazilian Industrial Production (YoY) |
2.3% |
2.5% |
-3.6% |
||||
|
|
CAD |
|
|
Interest Rate Decision |
1.00% |
1.00% |
1.00% |
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 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