EUR/USD 1.15882
0.273%
Gold 4142.12
0.639%
Oil 60.547
1.011%
USD/JPY 153.952
-0.112%
GBP/USD 1.31610
-0.103%
GBP/JPY 202.620
-0.204%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On November 11th, economists at ABN AMRO stated in a report that the politicization of US institutions and pressure on independent agencies under the Trump administration pose a risk to the dollars dominance as the global reserve currency. They pointed out that the decline of US institutions has continued rapidly since the beginning of the year, raising serious concerns about the reliability of the dollar reserve system. The White House is firing oversight agencies, prosecuting political opponents, dismantling regulation, and restructuring institutions in a deeply partisan manner. They stated that this raises questions about whether the US can continue to maintain its rule-abiding, diversified institutions and strong markets—factors that attract investment to the US and support the dollar.On November 11, a Turkish prosecutor called for a more than 2,000-year prison sentence for Istanbul Mayor Ekrem Imamoglu in a corruption case, potentially barring President Erdogans strongest challenger from running in the next presidential election. The 3,900-page indictment names 402 suspects and describes Imamoglu, the most prominent opposition figure, as the "founder and leader of a criminal organization." Charges include bribery and accepting bribes. Following the news, the Turkish stock market plummeted, with Istanbuls benchmark index falling 3.1% by the afternoon local time. The index is heading for its biggest one-day drop since early September.Russian Foreign Minister Lavrov: Russia is ready to discuss its concerns with the United States regarding Russias "suspicious underground activities."Russian Foreign Minister Sergey Lavrov: Russia is concerned about the United States claim that it will use nuclear tests for geopolitical purposes.Russian Foreign Minister Lavrov: It is possible that the new Strategic Arms Reduction Treaty could be extended for another year at any time before it expires on February 5.

Daily Fundamental Natural Gas Price Forecast - EIA Report Anticipated to Show 82 Bcf Withdrawal

Daniel Rogers

Dec 02, 2022 15:40

 216.png

 

Natural gas futures are inching up on Thursday, just before the government's weekly storage report is released at 15:30 GMT.

 

Yesterday marked the fourth session in a row in which the market closed lower, as mixed weather forecasts continued to weigh on investor sentiment. Also in charge were sellers, as Freeport LNG continued to provide no indication of when the processing plant would resume operations.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads as low as 0 pips and a commission rate of $3.50 per 100,000 USD traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

In addition, the U.S. House of Representatives decided to prevent a nationwide train strike. A few of the weaker speculators, who had wagered that the strike would raise demand, liquidated their long holdings in response to this news.

 

At 11:53 GMT, natural gas futures for January are trading at $7.042, up $0.112 or 1.62 percent. Wednesday's closing price for the United States Natural Gas Fund ETF (UNG) was $21.23, down $0.91, or -4.11%.

 

According to NatGasWeather for December 1-7, "stronger national demand today through Friday in the aftermath of a frigid weather system that swept through the United States with lows in the 0s to 20s in the north and high 20s to 40s in the south, including 30s in deep Texas and the South."

 

Despite fresh cold injections into the Northwest and Northern Plains with rain, snow, and lows in the 0s to 30s, a milder pattern will return to the southern and eastern U.S. this weekend through early next week, with highs in the 50s to 70s for lighter national demand.

Suggestion