EUR/USD 1.07882
-0.044%
Gold 3132.62
0.593%
Oil 70.914
0.062%
USD/JPY 149.923
0.213%
GBP/USD 1.29096
-0.095%
GBP/JPY 193.547
0.135%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Market news: Rapidus president said that the initial goal of Rapidus semiconductor manufacturing yield is to increase to 50%, and eventually to 80~90%.Hang Seng Index futures opened down 0.23% at 23,206 points, 8 points below the spot price.April 2nd news, US President Trumps so-called "Liberation Day" is likely to be just one of many steps in the ongoing trade war. Ethan Harris, former head of economic research at Bank of America, said that the United States is unlikely to make the policy clarity that investors, businesses and households desire. Harris said that even if the trade war ends, the US economy will still be weakened by policies in other areas, such as cutting government spending and employment. He said that one way to judge who is hurting whom in global trade is to look at the complaints submitted to the World Trade Organization. He pointed out that the United States receives more complaints than it issues. The United States is the plaintiff in 135 cases and the defendant in 168 cases. Harris added that this is another reason why many countries will retaliate against US tariffs.On April 2, USD/RMB reported 7.1793, up 18 points (RMB depreciation); EUR/RMB reported 7.7826, down 87 points; HKD/RMB reported 0.92267, up 1 point; GBP/RMB reported 9.3163, up 109 points; AUD/RMB reported 4.5373, up 357 points; CAD/RMB reported 5.0508, up 411 points; JPY/RMB reported 4.8224, up 139 points; RMB/Russian Ruble reported 11.6325, up 1684 points; NZD/RMB reported 4.1290, up 330 points; RMB/Ringgit reported 0.61676, down 3 points; CHF/RMB reported 8.1491, up 74 points; SGD/RMB reported 5.3621, up 20 points.Japanese Finance Minister Katsunobu Kato: Expressed concern about the consistency of US tariffs with WTO agreements.

Natural Gas Price Forecast - Prices increased as a result of slower production growth

Daniel Rogers

May 26, 2022 09:48

After four consecutive trading sessions of increases, natural gas prices reversed course on Wednesday.

 

The National Oceanic and Atmospheric Administration predicts that the weather will be warmer than average in the eastern United States for the next 6 to 10 days and 8 to 14 days. As the temperature rises and cooling demand grows, prices climb.

 

According to the LNG export tracker, LNG exports increased to 13.39 on Wednesday after decreasing the day before. However, the natural gas supply in the United States has continued to fall. This circumstance has prompted a price increase. Working natural gas in storage hovers around the minimal amount for the next five years.

Technical Evaluation

Wed., natural gas prices soared past $9 before settling at $8.9, as dwindling stockpiles pushed prices higher. Near the 10-day moving average of 8.29 is viewed as support.

 

Near the May 9 highs of 8.996, there is resistance. As a result of the crossing sell signal given by the fast stochastic, the short-term momentum went negative.

 

As the MACD signaled a buy crossing, medium-term momentum became positive. The MACD (moving average convergence divergence) histogram displays a positive value and an ascending trend, indicating increasing trade activity.

 

image.png

Suggestion