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Eurozone money markets currently estimate a 25% probability of the European Central Bank cutting interest rates by July, compared to 15% on Tuesday.1. Bank of America: The Federal Reserve will cut interest rates twice in 2026, in June and July respectively. 2. Goldman Sachs: Expects the Federal Reserve to implement two rate cuts this year, with the first cut in June. 3. Morgan Stanley: Expects the Federal Reserve to cut interest rates by 25 basis points each in June and September. 4. Barclays: Expects the Federal Reserve to cut interest rates by 25 basis points each in June and December this year. 5. EY Bordrin: Expects the Federal Reserve to cut interest rates by a total of 50 basis points this year, but not until the second half of the year. 6. JPMorgan Chase: No longer expects the Federal Reserve to cut interest rates in 2026; the next action is expected to be a 25 basis point rate hike in the third quarter of 2027. 7. KBC: The next rate cut may not come until March, by 25 basis points. A further 25 basis point cut may be made in the second quarter to reach the neutral interest rate level. 8. Oxford Economics: The Federal Reserve will maintain its policy unchanged until June. A decline in inflation will allow the Federal Reserve to lower interest rates sooner if the labor market weakens further. 9. ING: The baseline forecast is for the Fed to cut rates in March and June, but the apparent risk now is that this pace could be delayed by three months overall. The Feds "dual mandate" will face more pressing pressure to achieve a rate cut in March. 10. ANZ: A pause in rate cuts in January was appropriate, but a prolonged pause is unnecessary. They forecast the FOMC to cut rates by 25 basis points each in March and June. 11. Wells Fargo: Given the two months of economic data to be released before the March meeting, rate cuts could come earlier, in March and June. The risk to their forecast leans towards a delay in the timing of rate cuts.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 3.3 occurred at 15:27 on January 28 near Sunan County, Zhangye City, Gansu Province (38.93 degrees north latitude, 98.22 degrees east longitude). The final result is subject to the official rapid report.On January 28th, a research report from Hai Securities pointed out that China Merchants Bank (03968.HK) is expected to see a 0.01% year-on-year increase in revenue and a 1.21% year-on-year increase in net profit attributable to shareholders in 2025. The positive contribution of net interest income is expected to increase, deposit growth is stable year-on-year, and the non-performing loan ratio is basically stable year-on-year. The report maintains a "buy" rating. Both revenue and profit are accelerating. The companys revenue in Q4 2025 increased by 1.6% year-on-year, and net profit attributable to shareholders increased by 3.4% year-on-year, both improvements compared to the first three quarters of 2025. Deposit growth is stable year-on-year, and the "deposit migration" effect may still need to be observed. The bank estimates that the net non-performing loan ratio is basically stable year-on-year, indicating that the company maintains a prudent risk appetite.Morgan Stanley raised its price target for Boeing (BA.N) from $235 to $245.

Daily Fundamental Natural Gas Price Forecast - Tropical Storm Nicole Anticipated to Offset Cold Weather Demand

Alina Haynes

Nov 10, 2022 18:24

 截屏2022-11-08 下午5.39.10_1024x576.png

 

Wednesday's closing price for natural gas futures was lower due to projections for less chilly weather in late November amid persistent volatility. The market reached a one-month high on Monday, but two days later it was hitting a one-week low.

 

In addition to forecasts of milder weather, traders reacted to a severe tropical storm approaching the Southeast. It is anticipated to induce power interruptions and, as a result, reduce demand across a wide region.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads beginning at 0 pips and commissions of $3.50 every 100k traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

Additionally, traders are preparing for another increase in fat storage on Thursday and the delayed restoration of a crucial export facility.

 

The December natural gas price finished at $5.865, down $0.273 or 4.45%, on Wednesday. The United States Natural Gas Fund ETF (UNG) finished at $19.16, a decrease of $1.04, or -5.15 percent.

 

"Imminent cold fronts and flat output this week at 99 Bcf/d benefited bulls," NatGasWeather reported, "with forecasts Wednesday indicating a significant move toward wintry weather beginning this weekend and extending through the current trading week."

 

On paper, this prognosis looks optimistic, but tropical storm Nicole is interfering. Natural Gas Intelligence (NGI) said that the storm's winds are strong enough to prompt emergency declarations and power outage forecasts and to significantly reduce near-term gas demand through the current trading week.

 

The price of natural gas may have bottomed out at $5.345.00 on October 24, but the present technical picture shows that it may need to create a stronger support base before going upward.

 

It will require a catalyst to establish the support base. Strong heating demand and increased demand from liquefied natural gas (LNG) facilities are two such catalysts.

 

Wednesday, the restoration to service of the Freeport LNG export facility in Texas, originally scheduled for this month, remained uncertain. NGI reported that the Texas LNG export facility had yet to establish the status of required regulatory clearances for reopening after a lengthy outage dating back to a June fire.

 

When it does reopen, Freeport could withdraw approximately 2.0 Bcf/d of domestic natural gas to meet export demand. Samantha Dart, an analyst at Goldman Sachs, stated that if this doesn't occur this month, U.S. demand will be less than anticipated and supply could balloon more in the near future, resulting in an increase in price pressure.

 

With Thursday's inventory report, traders are anticipating another robust build. NGI forecasts a buildup of 68 Bcf. The projection compared to a five-year average of 20 Bcf of production. In the same week of 2021, EIA reported a rise of 15 Bcf.


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