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On September 10th, US President Trump stated on Wednesday that the US might strike Irans "Gazelle" facility and urged Tehran to exercise caution. Speaking at the Republican midterm election convention, Trump said, "Weve noticed some activity at Gazelle. I advise Iran not to play tricks, or we will have to deal with them severely." Gazelle, located near Irans severely damaged Natanz uranium enrichment facility, is a heavily guarded facility with two deeply buried underground tunnel complexes. Trump has been threatening to strike Gazelle since at least mid-July. Since the US-Israel war against Iran began in February, rising oil and gas prices have become a major issue for Trump and the Republican Party ahead of the November midterm elections.September 10th - According to US media reports on the 9th, several US military aircraft were damaged in Irans attack on Jordans Mowofegsalti airbase on the 8th. CBS News, citing sources, reported that an A-10 Thunderbolt attack aircraft was hit, with one wing broken off. Eight F-15 fighter jets sustained minor damage and have been returned to service. The report stated that the Iranian attack occurred after the US military struck five Iranian oil tankers on the 8th. US forces in Jordan launched more than 30 Patriot air defense missiles in response to the Iranian attack.On September 10th, Gaode Maps, a subsidiary of Alibaba Group (09988.HK), released its 2026 Gaode Street Mapping Ranking. Gaode CEO Guo Ning stated that while generating answers is becoming increasingly easy in the AI era, the truly scarce resource is the ability to understand the real world. Based on spatial intelligence, Gaode will reshape the street mapping experience, extending its services to the entire user journey, from decision-making to departure and arrival.US President Trump: I ask you to let us get this job done. Together we will turn two years of recovery into 250 years of leadership.On September 10, 2026, the Global Trade in Services Summit was held in Beijing. Ding Xuexiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, attended and delivered a keynote speech. Ding Xuexiang stated that the current international economic and trade landscape is undergoing rapid restructuring, and vigorously developing trade in services and promoting open cooperation in the service sector is not only Chinas choice but also a global necessity. He put forward three suggestions: First, promote high-quality development of the service sector to elevate trade in services to a new level. Improve the quality, efficiency, and innovation capabilities of the service sector, promote mutual development between the service sector and trade in services, and better support the economic and social development of all countries. Second, expand new space for the development of trade in services through inclusiveness and progress. Adhere to open leadership, reduce barriers to the cross-border flow of factors of production, continuously improve the level of liberalization and facilitation of trade in services, and promote the steady and long-term development of trade in services on a fair and inclusive path. Third, create a new engine for the development of trade in services through digital intelligence. Strengthen the sharing of digital technologies and services such as artificial intelligence, promote the interconnection of digital infrastructure, and inject strong momentum into the development of trade in services.

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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