Analysis and Recommendations: Natural Gas continued to fall as the long term weather forecast remains neutral and supplies increase. Implied demand for
Analysis and Recommendations:
Natural Gas continued to fall as the long term weather forecast remains neutral and supplies increase. Implied demand for all energy products continues to tumble as growth forecasts around the globe are revised downward. Gas gave up 11 points to trade at 3.659. NatGasweather is forecasting cool air will sweep through Midwest and Northeast in the coming week driving moderate heating demand however rest of the US will be relatively comfortable with limited demand for heating or cooling for most part of the week. If we look into updates from US CPC, most part of the country might see largely higher than normal temperature cutting down the demand for cooling and thus further pushing prices lower. However, technically as prices move to oversold territory, analysts advise selling only on pullbacks today.
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 |
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AUD |
Monetary Minutes |
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|
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CNY |
Fixed Asset Investment |
16.1% |
16.3% |
16.5% |
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|
CNY |
GDP (QoQ) (Q3) |
1.9% |
1.8% |
2.0% |
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|
CNY |
GDP (YoY) (Q3) |
7.3% |
7.2% |
7.5% |
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CNY |
Industrial Production |
8.0% |
7.5% |
6.9% |
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|
AUD |
RBA Assist Gov. Lowe |
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|
|
There was no European data today.
Upcoming Economic Events that you should be monitoring:
Cur. |
Event |
Actual |
Forecast |
Previous |
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|
JPY |
Adjusted Trade Balance |
|
-0.91T |
-0.92T |
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AUD |
CPI (YoY) (Q3) |
|
2.3% |
3.0% |
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|
AUD |
CPI (QoQ) (Q3) |
|
0.4% |
0.5% |
|
|
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GBP |
MPC Meeting Minutes |
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USD |
Core CPI (MoM) (Sep) |
|
0.2% |
0.0% |
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|
|
USD |
CPI (MoM) (Sep) |
|
0.1% |
-0.2% |
|
|
|
CAD |
Retail Sales (MoM) |
|
0.2% |
-0.1% |
|
|
|
CAD |
BoC Monetary Policy |
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Government Bond Auction
Date Time Country Auction
Oct 21 10:30 Spain 3 & 9M T-bill auction
Oct 21 11:00 Finland Maximum Eur 1bn 2.75% Jul 2028 bonds
Oct 21 11:00 Norway Nok 3bn 3% Mar 2024 bonds
Oct 21 11:00 UK GBP 3bn 2.75% Sep 2024 Gilt
Oct 21 12:30 ESM Up to Eur 1bn 6M T-bills (Apr 2015)
Oct 22 11:30 Germany Eur 2.0bn 2.5% Aug 2046 Bund
Oct 23 11:03 Sweden Sek 1bn 0.5% Jun 2017 I/L bond
Oct 23 17:00 US Announces 2/5/7Y Note & 2Y FRN auctions on Oct 28/29/30
Oct 23 17:30 Italy Announces details of BTPei/CTZ auctions on Oct 28
Oct 23 19:00 US USD 7bn 30Y TIPS auction
Oct 24 17:30 Italy Announces details of BOT auction on Oct 29
Oct 27 12:30 Germany Eur 2.0bn new 12M Bubill (Oct 2015) auction
Oct 27 18:30 Italy Announces details of BTP/CCTeu auctions on Oct 30
Oct 27 12:10 Italy BTPei/CTZ auctions
Oct 28 12:10 Italy BOT auction
Oct 28 19:00 US 2Y Note auction
Oct 29 12:03 Sweden Bond auction
Oct 29 12:30 Germany Eur 4.0bn Aug 2024 Bund auction
Oct 29 17:30 US 2Y FRN auction
Oct 29 19:00 US 5Y Note auction
Oct 30 12:10 Italy BTP/CCTeu auctions
Oct 30 19:00 US 7Y Note auction