Poland’s Strong Consumption and Investment Point to Robust Growth with Mild Inflation Outlook
Ukraine Peace Deal Hopes Weigh on EUR Inflation Swaps as Real Rates Hit New Highs
Germany’s Economy: Three Years of Stagnation With Only Limited Signs of Recovery
Commodities Move on Geopolitics and Weather as Oil Rises, Gas Falls, and Nickel Faces Supply Risks
USD Overvaluation Persists as Geopolitics Dominate and JPY Faces Intervention Risks
Considering advanced prints from CME Group for natural gas futures markets, open interest rose for the second consecutive session on Friday, this time by around 1.2K contracts. On the opposite direction, volume retreated for the second day in a row, now by more than 36K contracts.
Read next: There Have Been Concerns That Tesla Price Cut Could Trigger A Price War| FXMAG.COM
Prices of natural gas retreated further at the end of last week. The daily retracement was on the back of increasing open interest and supports the idea that a deeper pullback lies ahead for the time being. On this, the commodity faces the next contention of note at the $3.00 mark per MMBtu, an area last traded back in late May 2021.
