Natural Gas Fundamental Analysis November 8, 2012, Forecast

Natural Gas Fundamental Analysis November 8, 2012, Forecast
Natural Gas Fundamental Analysis November 8, 2012, Forecast

Analysis and Recommendations:

Natural Gas is trading at 3.591 down just a few cents. Natural Gas is one of the few commodities not jumping up and down today in response to the US elections. The commodity is weak as residential demand has diminished on fairly normal temperatures and little call for other demand now that the Hurricane has passed and storm season in the gulf region has ended. Natural Gas will wait for tomorrow’s week inventory to see price movement.

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 November 7, 2012 actual v. forecast

Nov. 07

 

CHF

 

 

CPI (MoM) 

0.1%

 

0.3%

 

0.3%

 

 

EUR

 

 

Retail Sales (MoM) 

-0.2%

 

-0.1%

 

0.2%

 

 

EUR

 

 

German Industrial Production (MoM) 

-1.8%

 

-0.5%

 

-0.4%

 

WEEKLY

 

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

Date

Time

Currency

Event

Forecast

Previous

Nov. 08

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%

Nov. 09

01:30

CNY

Chinese CPI (YoY) 

1.9%

1.9%

 

01:30

CNY

Chinese PPI (YoY) 

-2.7%

-3.6%

 

01:30

CNY

Chinese CPI (MoM) 

0.1%

0.3%

 

05:30

CNY

Chinese Fixed Asset Investment (YoY) 

20.6%

20.5%

 

05:30

CNY

Chinese Industrial Production (YoY) 

9.4%

9.2%

 

05:30

CNY

Chinese Retail Sales (YoY) 

14.1%

14.2%

 

07:00

EUR

German CPI (MoM) 

 

 

 

07:00

EUR

German CPI (YoY) 

2.0%

2.0%

 

09:30

GBP

Trade Balance 

-8.9B

-9.8B

Government Bond Auction

Date Time Country 

Nov 08 9:30 Spain 

Nov 08 10:10 Sweden 

Nov 08 16:30 Italy  

Nov 08 18:00 US 

Nov 09 11:00 Belgium 

Nov 09 16:30 Italy

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