Natural gas retreated despite Northeast storm threat

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Energy futures except for natural gas extended gains on Friday amid positive US data releases. US preliminary consumer confidence reading beat forecasts, reaching five-year high. Moreover, slightly better-than-expected Chinese industrial production data lifted the commodity group.

Crude oil rallied as positive US consumer confidence data fuelled hopes for stronger energy demand. However, broadly stronger US Dollar as well as persistent concerns over the eurozone slightly depressed crude oil price.

Brent oil rose 2% on speculation that the US will stick to its accommodative monetary policy. Moreover, hopes that Chinese leadership transition may result in more stimulus measures pushed Brent oil futures higher.

Natural gas was the only loser despite a threat that upcoming Northeast storm may affect gas pipelines. At the same time,  record high inventory levels in the US continued to pressurize the commodity price.

Heating oil moved higher on declining US storage and stronger demand from residential sector.
Back to articles

Actual Topics

Mon, 12 Nov 2012 11:39:33 GMT

Sugar climbed after Unica crop report

Farm commodities apart from sugar dropped on Friday amid broadly stronger US Dollar and upward revisions of the global crop estimates. Meanwhile, global economic uncertainty continued to weight on demand prospects.Wheat was the top-loser after the USDA raised its forecast on the US ending stocks to 1774.18 million tonnes, above market consensus. However, an expected drop in Ukraine exports limited

Mon, 12 Nov 2012 11:17:35 GMT

Japan's economy shrinks in Q3

Japan's economy shrank in the three months through September as anti-Japan protests in china and world economic slowdown hurt nation's export, whereas domestic consumption was subdued. GDP shrank an annualized 3.5% in the third quarter, putting pressure on the government to add stimulus measures to prop up economic growth.

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.