EUR/USD 1.18678
0.128%
Gold 4770.15
-1.598%
Oil 61.707
-5.774%
USD/JPY 154.745
-0.006%
GBP/USD 1.37040
0.156%
GBP/JPY 212.068
0.150%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
February 2nd - Iranian Foreign Ministry spokesman Baghae, when answering questions about negotiations with the United States on February 2nd local time, stated that details of the talks are currently in the decision-making stage, and any media speculation cannot be confirmed. The spokesman said that at this stage, because decisions are still being made, there is no official information regarding the meeting location, time, or whether either side will attend.A spokesperson for the European Commission stated that current data does not indicate that the EU is overly reliant on a single natural gas supplier.February 2nd - WHO Director-General Tedros Adhanom Ghebreyesus stated on Monday that the World Health Organization is being forced to significantly reduce its staff following announcements from the United States and Argentina that they would cease funding. Tedros described 2025 as "one of the most difficult years" for the organization. Last month, the United States formally completed its withdrawal process, costing the organization hundreds of millions of dollars annually. Simultaneously, Argentina announced its withdrawal from the WHO, expected to take effect in February 2026. Tedros warned that the sharp reduction in funding has already severely impacted countries reliant on WHO support. According to a recent WHO report, the organization will reduce its staff by approximately 25% by mid-2026. As of the end of 2024, the WHO had 9,457 staff members, the highest level in 15 years.Sources say SpaceX could announce its agreement with XAI as early as this week.Iranian Foreign Minister: Diplomacy and threats are incompatible.

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