Natural Gas Fundamental Analysis October 16, 2014 Forecast

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Updated: Aug 25, 2015, 01:00 UTC

Analysis and Recommendations: Natural Gas gained 34 points as weather forecasts once again called for more cold temperatures. Natural gas climbed to 3.850

Natural Gas Fundamental Analysis October 16, 2014 Forecast

Analysis and Recommendations:

Natural Gas gained 34 points as weather forecasts once again called for more cold temperatures. Natural gas climbed to 3.850 as traders keep prices near the support level. Snow in Siberia is piling up, and if it keeps coming, people in New York may have to bundle up this winter. There’s a theory that the amount of snow covering Eurasia in October is an indication of how much icy air will sweep down from the Arctic in December and January, pouring over parts of North America, Europe and East Asia.

Last year, the snow level across Eurasia was the fourth highest for the month in records going back to 1967. In January, frigid temperatures dubbed “the polar vortex” slid out of the Arctic to freeze large portions of the U.S.

According to research, there’s a link between the snowcover and how much cold spills out of the Arctic and where it ends up once it escapes.

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.

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)

Today’s economic releases actual vs. forecast:

Cur.	Event	Actual	Forecast	Previous
AUD	Consumer Sentiment	0.9%		-4.6%
CNY	CPI (MoM) (Sep)	0.5%	0.4%	0.2%
CNY	CPI (YoY) (Sep)	1.6%	1.7%	2.0%
CNY	PPI (YoY) (Sep)	-1.8%	-1.6%	-1.2%
JPY	Industrial Production	-1.9%	-1.5%	-1.5%
EUR	German CPI (MoM)	0.0%	0.0%	0.0%
EUR	ECB President Draghi
GBP	Average Earnings Index	0.7%	0.7%	0.6%
GBP	Claimant Count	-18.6K	-35.0K	-33.2K
GBP	Unemployment Rate	6.0%	6.1%	6.2%
USD	Core PPI (MoM) (Sep)		0.1%	0.1%
USD	Core Retail Sales		0.3%	0.3%
USD	NY Empire State		20.50	27.54
USD	PPI (MoM) (Sep)		0.1%	0.0%
USD	Retail Sales (MoM)		-0.1%	0.6%
USD	Business Inventories		0.4%	0.4%
USD	Federal Budget		80.9B	-129.0B
USD	Beige Book
EUR	ECB President Draghi

Upcoming Economic Events that you should be monitoring:

Cur.	Event	Actual	Forecast	Previous
NZD	Business NZ PMI (Sep)			56.5
EUR	Core CPI (YoY) (Sep)		0.7%	0.7%
EUR	CPI (MoM) (Sep)		0.4%	0.1%
EUR	CPI (YoY) (Sep)		0.3%	0.3%
USD	Initial Jobless Claims		290K	287K
CAD	Manufacturing Sales		-1.6%	2.5%
USD	Industrial Production		0.4%	-0.1%
USD	Phil Fed Manufacturing		20.0	22.5