EUR/USD 1.15063
-0.093%
Gold 4059.39
-0.199%
Oil 57.818
-0.098%
USD/JPY 156.729
0.218%
GBP/USD 1.30885
-0.123%
GBP/JPY 205.138
0.095%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On November 24th, Mexican President Jacques Sinbaum stated on the 23rd that the Mexican people must remain vigilant, uphold justice, and resist any attempt at external interference. Sinbaum pointed out that history shows "those who use violence as a means of coercion will not succeed, those who believe that a minority can suppress the people will not succeed," and similarly, "those who use force to stifle reason will not succeed." On November 17th, US President Trump announced his readiness to send troops to combat drug cartels. Sinbaum refuted this the following day, stating that US military intervention on Mexican territory was impossible.On November 24th, international crude oil prices continued their downward trend on Monday, falling further after last weeks largest weekly drop since early October. Traders are assessing the potential impact of a peace agreement between Ukraine and Russia—an agreement that, if reached, could flood an already well-supplied market with more crude oil. Oil traders are closely watching three key developments: whether the peace agreement will be implemented, whether sanctions against Russia will be gradually lifted, and whether these developments will inject additional supply into a market already expected to experience a severe oversupply next year. With OPEC+ and other oil-producing countries (particularly in the Americas) continuing to increase production, this market outlook is destined to result in a year-to-date decline for oil prices.On November 24th, Minmetals Resources (01208.HK) announced on the Hong Kong Stock Exchange that its obligation to complete the acquisition of Anglo Americans Brazilian nickel business was subject to the satisfaction or waiver of certain preconditions. Given that all other conditions have been met, the European Commission has extended its review to the second phase. The timeframe for the European Commission to complete its review is currently undetermined. Under the share purchase agreement, the final deadline for the completion conditions was November 18, 2025 (the final deadline). The parties have now agreed to extend the final deadline to June 30, 2026. The Company will continue to cooperate with Anglo American and the European Commission to assist the Commission in its review.JD Industry has passed the listing hearing of the Hong Kong Stock Exchange.The White House issued a joint statement from the United States and Ukraine, stating that the parties have drafted an updated and improved peace framework.

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