(VIANEWS) – The substantial volume of natural gas reserves in the United States inherently exposes the market to the risk of oversupply. The surge in prices observed last year attracted an influx of drillers into the natural gas sector, resulting in an increased supply of gas. Currently, the market continues to grapple with an excess…
(VIANEWS) – The US Dollar was reaching multi-month lows on an increasingly firm market expectation that the Fed will begin cutting interest rates in March 2024. The European Central Bank’s policy was seen as relatively hawkish. Technically the price had made a breakout above $1.1000 to new 4-month highs. This bullish picture has changed, as…
(VIANEWS) – USD/JPY traded at the highest level since mid-December on Friday. Economists at Rabobank analyze the pair’s outlook. FXStreet reported that we adhere to the view that the BoJ is unlikely to consider a rate hike before April, allowing for consideration of the spring wage deals and the latest fiscal stimulus package. The overriding…
(VIANEWS) – The AUD/USD exchange rate crawled back as traders reflected on the strong US jobs report published on Friday. The pair was trading at 0.6715 on Monday, higher than last week’s low of 0.6640.US jobs report and Fed cutsThe AUD/USD reacted to the better-than-expected American jobs report on Friday. According to the Bureau of…
(VIANEWS) – The USD/CHF pair gains momentum during the early European trading hours on Monday. The recovery of the US Dollar (USD) and higher US Treasury bond yields lend some support to the pair. USD/CHF currently trades near 0.8515, up 0.13% on the day. The better-than-expected US labor data on Friday weakens the Federal Reserve’s…
(VIANEWS) – The USD/CAD pair trades with a positive bias for the fifth successive day on Wednesday and hovers around the 1.3330 area, or over a one-week high during the Asian session. FXStreet reported that easing concerns that tensions in the Red Sea will disrupt supplies, along with weak economic data from top importer China,…
(VIANEWS) – Considering advanced prints from CME Group for natural gas futures market, open interest resumed the downtrend and shrank by more than 8K contracts on Thursday. On the other hand, volume rose by more than 63K contracts amidst the ongoing erratic performance. FXStreet reported on the fact that thursday’s advance in prices of natural…
(VIANEWS) – USD/JPY trades higher around 146.00, recovering the recent losses during early trading hours in the European session on Friday. The Japanese (Yen) experiences downward pressure due to mixed Japan’s inflation figures. FXStreet has confirmed that tokyo Consumer Price Index (CPI) for August fell to 2.9% on the annual rate vs. 3.0% expected, from…
(VIANEWS) – AUD/USD rises half a percent to around 0.6440 as it prods the key upside hurdle after witnessing upbeat Australia Retail Sales. Adding strength to the Aussie pair’s rebound could be China stimulus and the US Dollar’s retreat ahead of this week’s key inflation and employment data. FXStreet reported that that said, Australia’s seasonally…
(VIANEWS) – The USD/CAD pair loses some ground below the 1.3600 mark after retracing from 1.3640, the highest level since May. The major pair currently trades near 1.3596, losing 0.03% for the day. The economic data on Friday showed that the University of Michigan’s (UoM) Consumer Confidence Index for August declined to 69.5 from 71.6…
