EUR/USD 1.17347
-0.030%
Gold 4302.78
0.537%
Oil 57.839
0.168%
USD/JPY 155.702
0.092%
GBP/USD 1.33836
-0.017%
GBP/JPY 208.391
0.078%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The State Administration for Market Regulation has drafted and publicly solicited opinions on the "Guidelines for Enforcement of Citation Content in Advertising (Draft for Comment)," which aims to further regulate the use of "large print to attract attention, small print to exempt from liability" to address issues such as "fueling" involutionary competition.A Japanese Ministry of Finance official stated that participants at todays primary dealer meeting expressed a desire to reduce sales of ultra-long-term Japanese government bonds.The onshore yuan closed at 7.0554 against the US dollar at 16:30 on December 12, up 26 points from the previous trading day.On December 12th, Deutsche Bank analyst Sanjay Raja stated in a report that uncertainty surrounding the UK budget continued to drag on economic growth in October, with the services sector contracting by 0.3% month-on-month, a situation likely to persist into November. He indicated that uncertainty, coupled with weak hiring and concerns about rising unemployment, could further dampen spending and investment before the end of the year. Overall, GDP contracted by 0.1% for the second consecutive month in October. Raja stated, "In other sectors, while the impact of the cyberattack on Jaguar Land Rover has subsided, the recovery in car production has been weaker than expected; construction output contracted at its fastest pace since April 2024. There is now a risk of GDP contracting for the first quarter since 2023, and the road to the new year will be bumpy."Mercedes-Benz India: Price increases are due to raw material costs, inflationary pressures, and logistics expenses.

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