EUR/USD 1.16465
0.025%
Gold 4208.56
0.154%
Oil 59.847
-0.048%
USD/JPY 155.168
-0.082%
GBP/USD 1.33290
-0.026%
GBP/JPY 206.828
-0.109%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
December 8th - An industry report released on Monday showed that the UK job market remained weak last month, ahead of Chancellor Reeves budget address on November 26th, due to employers concerns about potential new tax increases. According to a survey by accounting firm KPMG and industry group Recruiting and Employment Confederation (REC), the rate of decline in permanent positions was the slowest since July 2024, but showed little improvement compared to October. The survey also showed that the temporary recruitment index fell below the 50.0 threshold separating expansion from contraction.On December 8th, US President Trump raised potential antitrust concerns about Netflixs (NFLX.O) planned acquisition of Warner Bros., pointing to the potential problems arising from the combined entitys market share. "Itll be a process, and well see," Trump said, confirming he met with Netflix co-CEO Sarandos last week and praising the streaming company. "But it has a lot of market share. That could be a problem." The $72 billion deal has raised concerns among antitrust regulators.Shares of LG Energy Solutions rose 1.6% to 433,000 won.According to data released by the U.S. Commodity Futures Trading Commission (CFTC) on December 5th (Friday), as of the week ending October 28th: Speculators increased their net long positions in COMEX copper futures and options by 6,674 contracts to 66,553 contracts. Speculators also increased their net long positions in COMEX gold futures and options by 13,501 contracts to 105,635 contracts. Finally, speculators increased their net long positions in COMEX silver futures and options by 4,159 contracts to 22,696 contracts.Japans trade balance in October was 98.3 billion yen, below the expected 208 billion yen and the previous months 236 billion yen.

Natural Gas prices fall below $2.70 despite USD Index attempts to recover, and demand concerns grow

Alina Haynes

Mar 14, 2023 13:12

截屏2023-01-19 下午3.42.24.png 

 

After a perpendicular recovery to close to $2.70 in the Asian session, Natural Gas futures have turned sideways. Weakness in the US Dollar Index (DXY), in general, has aided the upward bias in natural gas prices. Natural Gas futures appear vulnerable near $2.70 as the USD Index has demonstrated a recovery move to near 103.90 as investors become anxious ahead of the release of the United States Consumer Price Index (CPI) data.

 

The Federal Reserve's decision to raise interest rates is anticipated to have a negative impact on industrial demand for natural gas (Fed). The market anticipates that Fed chair Jerome Powell's scheduled rate hikes will lead to a recession in the near future.

 

Meanwhile, Winter is nearing its conclusion and summer has not yet arrived. Consequently, demand for residential purposes to heat domestic spaces will remain low. Additionally, because residences will require less electricity to operate air conditioners, power companies are less reliant on natural gas.

 

The recent decline in the USD Index is what has given Natural Gas prices new life. The US Energy Information Administration's (EIA) inventory data, which is released every Thursday, will dominate this week's trading in Natural Gas futures.

 

Going forward, investors eagerly anticipate the publication of US inflation data in order to form a new consensus. According to the projections, the headline CPI could fall to 6.0% from the previous release of 6.4%. And, core inflation, which excludes crude and food prices, is anticipated to decrease slightly to 5.5% from the previous release of 5.6%.

Suggestion