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On rising output, US natgas futures fell 2% to a new 11-week low. On Monday, U.S. natural gas futures fell about 2% to an 11-week low on rising output and lower demand expectations for the next two weeks, owing in part to a drop in liquefied natural gas exports from the shutdown of Freeport LNG’s […]
ASX On The ReboundThe rebound in risk appetite this week is bringing some equities indices into very interesting areas. Following a heavy sell off over much of June in response to the larger-than-expected RBA rate hike, the ASX200 is now trading firmly higher. However, the market is fast approaching a key resistance area between 6753.90 […]
The Turkish Lira is seeing huge volatility today as traders react to the latest intervention from the government. On Friday, the government announced a new loan ban in Turkey which precludes lenders from issuing funding to corporates holding more than 15 million Liras and if the total sum of the loan exceeds 10% of total […]
Bitcoin (BTC) starts a new week above $20,000 but heading for a new bearish record as a key support level remains out of reach. After a calm weekend punctuated by a brief spike to nearly $22,000, BTC/USD is back near the closing price of June 24 for CME futures markets. A “round trip” thus allows […]
Read Next Tesla, Rivian and Nio stock price targets cut on supply chain troubles, Shanghai shutdowns Mizuho analyst Vijay Rakesh became little less bullish on electric vehicle makers Tesla Inc. undefined, Rivian Automotive Inc. undefined and China-based NIO Inc. undefined on Monday, citing the negative effects of continued COVID-19-related Shanghai shutdowns and supply chain constraints. […]
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