Natural Gas Fundamental Analysis October 23, 2014 Forecast

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Updated: Aug 25, 2015, 02:00 UTC

Analysis and Recommendations: Natural Gas fell 6 points to trade at 3.705 down by 6 points as demand drifted and inventory grows. Milder temperatures are

Natural Gas Fundamental Analysis October 23, 2014 Forecast

Analysis and Recommendations:

Natural Gas fell 6 points to trade at 3.705 down by 6 points as demand drifted and inventory grows. Milder temperatures are reducing demand for energy product. Natural gas continues to trade near 2014 lows as mild weather is likely to curb heating demand for fuel during the peak season of winter. Weather forecasts for the next two weeks are predicting above-normal temperatures across the Central and Eastern U.S.

“A burst of warming into the Midwest and East late this weekend into the first half of next week looks a bit stronger again today,” said forecaster Commodity Weather Group LLC in a note Tuesday.

Cold temperatures boost demand for natural gas, which half of all American households use as a primary heating fuel. Prices are down for a sixth straight day on signs that warmer weather could limit natural-gas usage this month.

However, traders are still waiting to see how cold the winter will be. Last winter, sustained lower-than-average temperatures prompted record-high demand for natural gas.

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
JPY	Exports (YoY) (Sep)	6.9%	6.8%	-1.3%
JPY	Trade Balance (Sep)	-958B	-777B	-949B
AUD	CPI (QoQ) (Q3)	0.5%	0.4%	0.5%
AUD	CPI (YoY) (Q3)	2.3%	2.3%	3.0%
GBP	MPC Meeting Minutes
USD	Core CPI (MoM) (Sep)		0.2%	0.0%
USD	CPI (MoM) (Sep)		0.1%	-0.2%
CAD	Retail Sales (MoM)		0.2%	-0.1%
CAD	BoC Monetary Policy
CAD	Interest Rate Decision		1.00%	1.00%

Upcoming Economic Events that you should be monitoring:

Cur.	Event	Actual	Forecast	Previous
AUD	RBA Governor Stevens
NZD	CPI (QoQ) (Q2)		0.5%	0.3%
CNY	HSBC Mfg. PMI		50.2	50.2
EUR	German Mfg PMI		49.5	49.9
EUR	German Services PMI		55.0	55.7
EUR	Manufacturing PMI		49.9	50.3
EUR	Services PMI (Sep)		52.0	52.4
GBP	BBA Mortgage		41.5K	41.6K
GBP	Core Retail Sales (MoM)		-0.2%	0.2%
GBP	Retail Sales (MoM)		-0.1%	0.4%
GBP	CBI Industrial Trends		-4	-4
USD	Initial Jobless Claims		282K	264K