EUR/USD 1.17680
0.178%
Gold 3721.45
1.007%
Oil 62.342
0.090%
USD/JPY 147.848
-0.058%
GBP/USD 1.34955
0.176%
GBP/JPY 199.533
0.117%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 22nd, Actions Technology disclosed its investor relations activity log. The ATS323X has been mass-produced and launched in wireless microphone products for branded clients, achieving excellent market performance, with other branded client products nearing launch. The ATS362X has been approved for integration into multiple products from leading branded clients. Currently, the company has officially released two AI glasses based on the ATS308X solution, INMO and Halliday. The company is also developing various AI glasses solutions for multiple clients. Furthermore, the companys new products have been launched with client products and are contributing to revenue. With the continued introduction and project approval of multiple downstream branded clients, it is expected to gradually and positively impact sales prices.Israeli Prime Minister Netanyahu: Just a few months ago, in a historic operation, we successfully eliminated the existential threat from Iran, which had sought to develop a nuclear bomb to destroy us.On September 22nd, WeRide announced that it has partnered with Grab, the Southeast Asian ride-hailing and food delivery platform, to launch Grabs first consumer-facing autonomous ride-hailing service in Singapore. Ai.R (Autonomously Intelligent Ride) was selected by Singapores Land Transport Authority (LTA) to serve residents along two designated routes in Punggol, initially with a fleet of 11 autonomous vehicles.On September 22nd, South Korean President Lee Jae-myung stated in a recent interview that if South Korea accepts US demands in trade negotiations without safeguards, the South Korean economy will face a financial crisis similar to the 1997 financial crisis. Reports indicate that South Korea and the US reached a framework trade agreement in July, which would see the US reduce tariffs on South Korean goods in exchange for $350 billion in investment. Lee Jae-myung stated that the agreement has yet to be implemented due to disputes over how to handle the investment. Lee Jae-myung pointed out that if South Korea, as the US demands, withdraws $350 billion in cash and invests it all in the US, it will face a situation similar to the 1997 financial crisis. According to Yonhap News Agency, Lee departed for New York on the morning of the 22nd for a five-day visit to the US, where he will attend the United Nations General Assembly.On September 22nd, the Tianyancha app revealed that Ningbo Kunlin Technology Co., Ltd. recently underwent a business registration change, adding Xiaomis Hanxing Venture Capital Co., Ltd. and AstrendV (Hong Kong) Beta Limited as shareholders. The registered capital increased from 6.25 million RMB to approximately 7.35 million RMB, and key personnel changes also occurred. Ningbo Kunlin Technology Co., Ltd. was established in November 2023, with Zhang Xiangfu as its legal representative. Its business scope includes home appliance research and development, and home appliance sales. The company is currently jointly owned by Zhang Xiangfu, Kunmao (Ningbo) Enterprise Management Partnership (Limited Partnership), Biyi Shares, and the aforementioned new shareholders.

Natural Gas Price News: XNG/USD prompts a three-day recovery near the monthly apex near $2.50 due to the strengthening of the US Dollar

Daniel Rogers

Apr 19, 2023 15:46

 截屏2022-11-08 下午5.39.10_1024x576.png

 

During the early hours of Wednesday morning in Europe, the price of natural gas (XNG / USD) reverses course from its greatest levels in a month to post modest losses of approximately $2.51. As a result, the energy instrument breaks a three-day winning stretch amid negative sentiment and the most recent dollar recovery.

 

Recent news articles concerning the US House China Committee's discussion of the Taiwan invasion scenario and a likely delay on the US debt ceiling decision appear to have agitated the risk profile. Recent unfavorable US data and hawkish Fed forecasts may be on the same trajectory. It should be noted that a divided earnings season influences sentiment and the price of Natural Gas.

 

In addition, Bloomberg released news indicating China's involvement in the Russia-Ukraine conflict, which, along with US President Joe Biden's reluctance to negotiate the debt limit, weighed on sentiment.

 

The recent decline in the XNG/USD price appears to be the result of a combination of factors, including reports that the United Kingdom has sufficient natural gas supplies to last through the winter and concerns about the likelihood of milder weather in the West. The Financial Times (FT) may have reported similar information: "The EU is storing record amounts of natural gas after a milder-than-expected winter, bolstering hopes that the bloc can wean itself off imports from Russia." According to the industry group Gas Infrastructure Europe, the bloc's storage capacity reached 55.7% at the beginning of the month, the highest level for early April since at least 2011.

 

In spite of this, the US Dollar Index (DXY) reverses its previous recovery from a one-year low and gains offers to 101.80 at the latest.

 

The previous day, the dollar index versus six main currencies reversed course in response to declining yields. In spite of this, US 10-year and 2-year Treasury bond coupons declined for the first time in four days by the end of Tuesday, hovering around 3.59 and 4.29 percent at the time of publication.

 

As a result of these trades, S&P 500 Futures have retreated from their greatest levels since early February, which were recorded the day before, and are currently trading near 4,178. Notable is the fact that the US stock futures ended their two-day winning trend with the most recent inactivity.

 

The news surrounding China and the US Federal Reserve (Fed), as well as the Fed Beige Book, can occupy Natural Gas traders until Thursday's release of weekly inventory data from the US Energy Information Administration (EIA).

 

 


Suggestion