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April 6th news: At about 5 am local time on the 6th, multiple explosions were heard in the Ukrainian capital of Kiev. The Kiev Military Administration and Kiev Mayor Klitschko said that the air defense system was in operation. The Ukrainian Air Force issued a missile attack danger warning. Earlier, the Ukrainian army said that Russia launched an air strike on Kiev.April 6, ING Bank: The rush to ship gold to the United States will subside after gold is excluded from the new tariffs. The gold sell-off should be short-lived, and escalating trade actions may continue to boost safe-haven buying. So far, Trumps unpredictable trade policy has been one of the key drivers of gold in 2025. We believe that uncertainty over trade and tariffs will continue to boost prices. In addition, another key driver, central bank purchases, may continue.The Ukrainian military said Russia launched an airstrike on Kiev.April 6th, according to a report by CNBC on the 5th local time, multiple sources revealed that a group of well-known people from the technology and financial industries are heading to Trump’s Mar-a-Lago estate in Florida, trying to "discuss common sense" with him about his tax policies.On April 6, local time on April 5, the police in Ottawa, the capital of Canada, said that the East Block of the Canadian Parliament was blocked by the police because a man broke in. The Canadian Parliament Protection Bureau issued an alarm that afternoon, requiring people in the East Block of the Parliament to "take refuge in the nearest room, close and lock all doors and hide." The Ottawa police said that there are no reports of casualties at present, and the police are continuing to handle the incident. The police have not yet explained how the man entered the East Block of the Parliament, and more detailed information is still to be released by the police.

Natural Gas Price Prediction: XNG/USD recovers from its largest daily loss in a month to trade near $2.20 on sluggish markets

Alina Haynes

Apr 13, 2023 14:06

截屏2023-01-19 下午3.42.24.png 

 

Early Thursday morning in Europe, the price of Natural Gas (XNG / USD) fluctuates around $2.22. In doing so, the energy instrument justifies the market's inaction while searching for additional clues for a clear direction after declining the most in a month the day before.

 

Nonetheless, growing concerns of recession, or at least weaker growth numbers, in the West combined with discussions of Northern Ireland's (NI) prohibition on Russian gas imports to weigh on XNG/USD prices the day before. Notably, China's disappointing inflation data also put downward pressure on the price of Natural Gas before the dragon nation's recent trade data provided a tailwind.

 

Headlines from the International Monetary Fund (IMF) and the World Bank (WB) indicate apprehensions of sluggish growth, if not recession, for the global economy in the future. On the same line could be macros predicting milder weather in the West and more restrictions on Russian gas from countries on the old continent, specifically Europe.

 

Notably, however, weak US inflation and dovish Fed Minutes impact on the US Dollar, allowing the XNG/USD to consolidate yesterday's losses as traders search for additional catalysts following a volatile Wednesday.

 

Ten-year and two-year Treasury bond yields in the United States show modest gains of 3.41 and 3.91 basis points, respectively, while reflecting the current state of the economy. In spite of this, US 10-year Treasury bond yields halted a three-day uptrend with modest losses to around 3.40 percent, while the two-year counterpart yielded the first daily decline in five days to reach 3.96 percent. Moreover, despite Wall Street's disappointing close, S&P 500 Futures post modest gains, whereas Japan's Nikkei 225 index is currently up 0.60 percent intraday.

 

The US Energy Information Administration (EIA) Natural Gas Storage Change for the week ending April 7, prior -23B, will be crucial for intraday direction moving forward. Nevertheless, the US US Producer Price Index (PPI) for March and Friday's preliminary readings of the Michigan Consumer Sentiment Index for April, as well as risk catalysts, may also attract XNG/USD traders' attention.


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