Natural Gas Fundamental Analysis December 6, 2012, Forecast

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Updated: Aug 21, 2015, 00:00 UTC

Analysis and Recommendations: Natural Gas added a few cents to trade at 3.592 as traders abandoned the commodity in droves. Gas was trading as high as

Natural Gas Fundamental Analysis December 6, 2012, Forecast

Analysis and Recommendations:

Natural Gas added a few cents to trade at 3.592 as traders abandoned the commodity in droves. Gas was trading as high as 3.99 just a few weeks ago, as demand declined and supply increased traders dumped NG. Markets will hold tight until tomorrows weekly inventory update. Residential usage continues to decline, as warmer weather continues in the US. Spare capacity is not currently an issue with nuclear plants back on line after maintenance.

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 5, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Dec. 05

AUD

GDP (QoQ)

0.5%

0.6%

AUD

RBA Assist Gov Lowe Speaks

GBP

Services PMI

50.2

51.1

50.6

EUR

Spanish 10-Year Obligacion Auction

5.290%

5.517%

EUR

Retail Sales (MoM)

-1.2%

-0.1%

-0.6%

PLN

Polish Interest Rate Decision

4.25%

4.25%

4.50%

RUB

Russian CPI (MoM)

0.3%

0.5%

USD

ADP Nonfarm Employment Change

118K

125K

157K

USD

Nonfarm Productivity (QoQ)

2.9%

2.7%

1.9%

USD

Unit Labor Costs (QoQ)

-1.9%

-0.9%

-0.1%

WEEKLY

Natural Gas Weekly Update
Release Schedule: Thursday between 2:00 and 2:30 p.m. (Eastern Time)
Weekly Natural Gas Storage Report
Release Schedule: Thursday at 10:30 (Eastern Time) (schedule)

Upcoming Economic Events that affect the CHF, EUR, GBP and USD

Date	Time	Currency	Event	Forecast	Previous
Dec. 06	08:15	CHF	CPI (MoM)		0.1%
	09:30	GBP	Trade Balance	-8.8B	-8.4B
	10:00	EUR	GDP (QoQ)	-0.1%	-0.1%
	11:00	EUR	German Factory Orders (MoM)	0.9%	-3.3%
	12:00	GBP	Interest Rate Decision	0.50%	0.50%
	12:00	GBP	BOE QE Total	375B	375B
	12:45	EUR	Interest Rate Decision	0.75%	0.75%
Dec. 07	09:30	GBP	Industrial Production (MoM)	0.7%	-1.7%
	09:30	GBP	Manufacturing Production (MoM)	-0.2%	0.1%
	09:30	GBP	Industrial Production (YoY)	-0.6%	-2.6%
	11:00	EUR	German Industrial Production (MoM)	-0.5%	-1.8%