• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Qualcomm (QCOM.O) is expanding its collaboration with Adobe (ADBE.O) to use generative AI to accelerate the content creation process.Long-dated European bonds continued to fall, with German 30-year bond yields rising 6 basis points.On September 18th, US President Trump and British Prime Minister Starmer signed a US-UK technology cooperation agreement at Chequers. Trump said the move would strengthen the US-UK friendship. The British government stated that US tech companies investment in the UK could help create more than 5,000 jobs.Sources said Russia and Ukraine have exchanged remains of the victims, with Moscow returning 1,000 bodies to Kyiv and Ukraine handing over 24.On September 18th, TD Securities strategists wrote in a report that the slight decline in the British pound following the Bank of Englands decision to hold interest rates steady likely reflects the unchanged language of its forward guidance. The Bank of England reiterated that a "gradual and cautious" approach to future rate cuts remains appropriate, with subsequent decisions dependent on economic data. The strategists noted that this further reinforces the view that another Bank of England rate cut remains possible this year, with TD Securities predicting a November cut. They suggest that the British pound may decline against the euro ahead of the UKs Autumn Budget in November, but given that the Federal Reserve resumed rate cuts on Wednesday, further downside for the British pound against the US dollar is unlikely.

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%.