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Natural Gas Fundamental Analysis January 1, 2013, Forecast
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Analysis and Recommendations: Natural Gas sold off today as traders booked profits before year end after gas climbed over the 3.46 price level yesterday
Analysis and Recommendations:
Natural Gas sold off today as traders booked profits before year end after gas climbed over the 3.46 price level yesterday as cold weather continued across the US. A freak winter storm moving from the gulf states northward sent temperatures downward. With speculators uneasy over fiscal uncertainties and possible tax changes in 2013, investors moved to the sidelines today. Inventory reports will be delayed a day due to the New Year’s holiday.
Our fundamental analysis will not be published tomorrow, as we celebrated the New Year’s holiday and global markets are shuttered. I would like to take this time to wish all of my readers and followers the best in the New Year… Here’s to profitable trading.
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 31, 2012 actual v. forecast
|
Date |
Time |
|
Currency |
|
Importance |
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
|
Dec. 31 |
00:30 |
|
AUD |
|
|
Private Sector Credit (MoM) |
0.0% |
|
0.3% |
|
0.1% |
|
||
|
|
01:45 |
|
CNY |
|
|
Chinese HSBC Manufacturing PMI |
51.50 |
|
50.90 |
|
50.90 |
|
||
|
|
02:00 |
|
SGD |
|
|
Singaporean Bank Landing (MoM) |
481.70B |
|
|
|
479.40B |
|
||
|
|
09:30 |
|
GBP |
|
|
Housing Equity Withdrawal (QoQ) |
-8.0B |
|
-9.1B |
|
-9.4B |
|||
|
|
10:00 |
|
EUR |
|
|
Greek Retail Sales (YoY) |
-18.10% |
|
|
|
-11.80% |
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 |
|
Jan. 01 |
01:00 |
CNY |
51.00 |
50.60 |
|
|
Jan. 02 |
00:00 |
EUR |
0.7% |
-0.1% |
|
|
|
00:00 |
EUR |
1.9% |
1.9% |
|
|
|
08:00 |
CHF |
1.38 |
1.50 |
|
|
|
15:00 |
USD |
50.2 |
49.5 |
|
|
Jan. 03 |
08:00 |
CHF |
1.35 |
1.50 |
|
|
|
08:30 |
CHF |
48.5 |
48.5 |
|
|
|
08:55 |
EUR |
10K |
5K |
Upcoming Government Bond
Date Time Country
Thursday, January 5: France will auction an estimated €7-8 billion ($9.1-10.4 billion) in 10-year and other long-term bonds
Tuesday, January 10: Austria will auction €1.3 billion ($1.7 billion) in 5- and 10-year bonds
Thursday, January 12: Spanish 3- and 5-year bond auction
Friday, January 13: Italy will auction medium-long term bonds
Thursday, January 19: France will auction 5-year bonds
Thursday, January 19: Spanish 10-, 15-, and 30-year bond auction
Thursday, January 26: Italian long-term bond auction
Monday, January 30: Italian medium-long term bond auction
Monday, January 30: Belgian bond auction
About the Author
Barry Normanauthor
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