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September 19th - A weekly survey by the American Association of Individual Investors (AAII) shows that investor sentiment has further deteriorated, falling to its lowest level since 2025, as oil prices remain high and the Federal Reserve raises interest rates for the first time since 2023. The latest survey released by the AAII on Friday shows that 53.3% of surveyed investors are bearish, more than half. Only 28.8% of investors are bullish, the lowest level in a year. Charles Rothbrook, vice president of the AAII, stated in a statement that overall, the difference between the number of bulls and bears in the market has fallen to -24.5%, a level that is "unusually low" and has been below the historical average of 6.5% for the ninth consecutive week. This is also the lowest level of this indicator since May 2025. The latest survey also shows that more than half of the respondents hold higher-than-normal cash allocations, indicating that investors are cautious. Among them, 19.1% of respondents said their cash allocations were "significantly higher than normal."September 19th - According to CBS, shipping through the Bab el-Mandeb Strait continues to be disrupted due to the Houthi rebels recent expansion of influence along the Red Sea coast, resulting in a significant decline in Saudi export shipments. Data from shipping company Kpler shows that in the past seven days, only five ships carrying Saudi products have passed through the Bab el-Mandeb Strait to leave the Red Sea, far below one-third of the average seven-day period this year. The previous weeks record was 11 ships in the week of July 24th. The Bab el-Mandeb Strait is one of the most important channels for Saudi oil exports. The Houthi rebels currently state that navigation in the area is not threatened except for Saudi vessels, but the market is concerned that any attacks could reduce shipping companies willingness to use the route. Data shows that the volume of commodity tanker traffic through the Bab el-Mandeb Strait has been below normal levels in the past seven days, but has not been completely disrupted.According to Punchbowl, the latest estimates submitted by U.S. Central Command to the Congressional Defense Committee show that, as of September 3, the cost of U.S. military operations against Iran has reached $43.6 billion.According to CBS: Data shows that Saudi Arabia’s exports through the Bab el-Mandeb Strait remain sluggish, with weekly traffic volume since early August less than a third of the seven-day average this year.Iranian Parliament Speaker Qalibaf: The era of US F-35 and F-15 fighter jets being tracked and attacked has begun. "What used to be a terrible nightmare has now become a reality."

Natural Gas prices fall below $2.70 despite USD Index attempts to recover, and demand concerns grow

Alina Haynes

Mar 14, 2023 13:12

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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%.

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