EUR/USD 1.15678
0.343%
Gold 4376.09
0.578%
Oil 81.485
1.319%
USD/JPY 159.356
-0.090%
GBP/USD 1.35343
0.362%
GBP/JPY 215.682
0.268%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to filings with the U.S. Securities and Exchange Commission (SEC), Berkshire Hathaway increased its holdings of Alphabet (GOOG.O) Class A shares by 45.2% to 78.8 million shares, and its holdings of Class C shares increased to 27.2 million shares.On August 15th, US President Trump stated that he would soon declare the Strait of Hormuz as "US territory" (after defeating Iran). Trump claimed the blockade of Iran was "unstoppable" and described it as "an iron wall." He stated that the US is fully prepared to deal with Iran and will not allow Iran to continue its actions or acquire nuclear weapons. Trump said the American people will "pay a very small price" for higher gasoline prices. He also stated that he doesnt care about damaging the Iranian economy before the midterm elections and that the US has "made a lot of money" through tariffs.According to related correspondence, U.S. banking regulators have conditionally approved the banking license for World Freedom Trust, which is associated with the Trump family.August 15th - U.S. stocks closed Friday with the Dow Jones Industrial Average down 0.20%, the S&P 500 down 0.17%, and the Nasdaq Composite down 0.28%. Unusual Machines (UMAC.N), a drone technology company, surged 24.83%. Storage stocks maintained their upward trend, with SanDisk (SNDK.O) up 7.39% and Micron Technology (MU.O) up 2.3%. Semiconductor stocks were mixed, with AMD (AMD.O) up 6.5%, Broadcom (AVGO.O) down 5.94%, and Applied Materials (AMAT.O) down 5.12%. The Nasdaq China Golden Dragon Index rose 0.6%.US President Trump: The blockade of Iran is unstoppable; it is an iron wall.

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