Author: FX

Share: Natural Gas prices jump to $3.53. The US Dollar eases as markets turn towards risk on.  US Natural Gas prices could reach $4 if further supply hiccups emerge. Natural Gas prices soaring on renewed disruptions from the supply side. Strikes are set to take place in Australia after talks between the union workers and Chevron failed to lead to an agreement, cutting off nearly 10% of global LNG supply. Adding to this,  the turmoil over the weekend in Israel and Gaza has led Israel to ask Chevron to shut down its activities due to safety concerns, which means…

A few days ago, the US500 futures, after having fallen -6.55% in 13 trading sessions and having corrected -8.48% from the highs reached at the end of July (4607), came to test the psychological level of 4200 as well as its MA200: now, five trading sessions later (at the time of writing) it is at 4343, about 3.36% higher. It was not the only international index that was testing important psychological levels: the US30 was testing 33k, the German GER40 was at 15k, and the French FRA40 was around the 7k level. Before delving into the technical analysis of the…

USD/JPY News and Analysis Recommended by Richard Snow Get Your Free JPY Forecast Yen Unable to Build Positive Momentum Despite Flight to SafetyA surprise attack on Israel and the ensuing declaration of war resulted in a flight to safety within financial markets with the Japanese Yen traditionally being one of those safe haven currencies.However, yesterday’s marginal drop in USD/JPY and the general reluctance of the pair to trend lower despite the recent easing of the US dollar, poses a number of questions around the path of the Japanese currency.Longer-term US Treasury yields have eased as global investors seek the safety…

4045/iStock via Getty Images Country Garden (OTCPK:CTRYF) on Tuesday warned it may not meet all of its offshore debt obligations and could be in for debt restructuring, as the property developer’s liquidity position will remain “very tight in the short- to medium-term.” Its Hong Kong-listed shares dropped 9.5% on the news. The warning comes at a time when Chinese real estate companies have been floundering under mounting debt, with many defaulting in recent months. Country Garden’ (OTCPK:CTRYF), China’s largest private property developer, sales have been under “remarkable pressure,” with its September sales down 80.7% Y/Y at ~RMB 6.17B ($860.5M). In…

Stock markets have stabilised and mostly moved higher overnight, after a largely stronger close on Wall Street. Markets continue to assess the impact of the Israel-Hamas war, but the JPN225 rallied 2.4% on its return from the extended holiday weekend. General uncertainties and fears of an escalation of the conflict weighed on sentiment but strength in defensive shares helped support. European futures are higher, with indexes set to pare yesterday’s losses. US futures are narrowly mixed. Treasuries rallied in catch up trade and the US 10-year rate has corrected -14.6 bp to 4.66%. Treasuries jumped…

© Reuters. FILE PHOTO: Francois Villeroy de Galhau, Governor of Banque de France, attends the Paris Europlace International Financial Forum in Paris, France, July 12, 2022. REUTERS/Benoit Tessier/File photo PARIS (Reuters) – Inflation should still land at the European Central Bank’s target of around 2% by 2025 despite the violence in Israel weighing on commodity prices, ECB policymaker Francois Villeroy de Galhau said on Tuesday. In an interview with franceinfo radio, Villeroy said the ECB was particularly wary about oil price developments but added those prices only accounted for a small chunk of overall inflation, which is still “clearly” decreasing…

And so the panic amid the Middle East conflict barely lasted a day. It’s amazing how the attention span of markets is almost as short as social media these days. How the times have changed. The dollar is sitting little changed today after yesterday’s drop in US trading, following a bid from the risk aversion early in Asia and in Europe.The price action for the day is leaving a lot to be desired, with most dollar pairs stuck in narrow ranges ahead of European trading.Treasuries will have some catching up to do to the risk flows yesterday but outside of…

Share: Gold price advances to over a one-week high during the Asian session on Tuesday. Geopolitical tensions in the Middle East and retreating US bond yields lend support. A positive risk tone caps gains as traders look to the FOMC minutes and the US CPI. Gold price (XAU/USD) registered strong gains of over 1% on Monday and settled above the mid-$1,800 in the wake of concerns about the geopolitical tensions in the Middle East. The safe-haven precious metal, which tends to benefit from political and economic turmoil, draws additional support from the ongoing retracement slide in the US…

Gold, XAU/USD, US Dollar, Treasury Yields, Israel, Federal Reserve, GVZ Index – Talking PointsThe gold price has held the high ground going into Tuesday’s trading sessionTreasury yields appear to have rolled over after making new highs last weekThe US Dollar is under pressure despite global uncertainty. Will XAU/USD keep rallying? Recommended by Daniel McCarthy Get Your Free Gold Forecast The gold price bounced hard off a seven-month low to start this week in the aftermath of the outbreak of war in the Middle East, trading back above US$ 1,860 a troy ounce.The perceived haven status of the precious metal helped…

Lukasz Kochanek Update 8:30pm: Adds Sonos comment. Speaker maker Sonos Inc. (NASDAQ:SONO) fell 2.2% amid a loss in its patent battle with Google (NASDAQ:GOOGL). A judge ruled that two Sonos (SONO) patents were unenforcable. Judge William Alsup of the Northern District of California, according a ruling date Friday. The latest ruling comes as the same judge vacated a $32.5 million jury ruling in a patent dispute in favor of Sonos (SONO) over Google (GOOGL) after saying there were still unresolved questions in the case. “By the time these patents issued in 2019 and 2020, the industry had already marched on…