United States Challenger Job Cuts down to 48.786K in June from previous 63.816K

Jul 3, 2024

Natural Gas sees bearish sentiment not fading soon

Natural Gas price (XNG/USD) still stuck in its correction, adding a seventh day for now to the chronicles. The decline is being fueled again by the outlook that European gas storages are still being filled up, despite the current pickup in energy demand.

USD: Data more relevant than minutes – ING

Federal Reserve (Fed) Chair Jay Powell sounded cautiously optimistic on disinflation which, paired with recent PCE data, allows markets to keep betting on a Fed rate cut in September, ING’s analyst Francesco Pesole notes.