EUR/USD 1.16301
0.059%
Gold 4404.33
1.126%
Oil 93.899
1.836%
USD/JPY 153.421
-0.363%
GBP/USD 1.35498
0.073%
GBP/JPY 207.887
-0.297%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 9th, at the 2026 JD Global Technology Explorers Conference, Yu Kai, founder and CEO of Horizon Robotics, officially announced that Horizon Robotics Journey 6P intelligent driving computing solution has been selected for JD Logistics unmanned vehicle project. This solution will provide automotive-grade intelligent driving computing power support for JD Logistics L4-level "Lone Wolf" sixth-generation intelligent delivery vehicle Plus version. Yu Kai stated that the deployment scale of unmanned logistics vehicles through this collaboration is expected to reach one million units within the next three years.Amazon and Flex announced the expansion of their advanced manufacturing facility in Texas, which is expected to create nearly 1,000 jobs and strengthen the U.S. supply chain.A grain terminal in Novorossiysk, Russia, was damaged in a drone attack.September 9th - Leading EU lawmakers on carbon market reform are considering proposing a more gradual pace of emissions reductions over the next decade in a draft to be released on Friday. According to sources, European Parliament member Peter Lises draft will outline a plan to reduce the pollution cap on the emissions trading system by 3.4% annually in the first half of the 2030s, compared to the European Commissions proposal of 3.7%. In the second half, the so-called linear reduction factor will be 2.3%, compared to 1.7% sought by the Commission in 2036. This change would ease the burden on struggling European industries at the beginning of the next decade. High-emission producers in the region, such as those in the chemical industry, have warned that the cost of reducing pollution further weakens the EUs competitiveness with the US and could lead to shutdowns.EU lawmakers on carbon reform are considering more gradual emissions reduction measures.

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.


Suggestion