Piper Sandler commodity analysts updated the bank’s US natural gas forecast Thursday, flagging increased exports, increased demand and “pervasive capital discipline” all leading to higher medium-term natural gas prices (UNG).Analysts now see Henry Hub (NG1:COM) averaging $6.50 in 2022, $5.50 in 2023 and $4.00 long-term; compared to prior estimates of …

US stocks fell as the selloff in Treasuries resumed, with traders bracing for the possibility of more aggressive policy tightening by the Federal Reserve. Meanwhile, the US dollar is gaining momentum.Treasury yields rose across the curve, with the policy-sensitive two-year rate climbing as much as 15 basis points 2.73% as …

Western countries should not appease Russia following its invasion of Ukraine even if there are difficult economic consequences, Bank of England Governor Andrew Bailey said on Thursday. “What Russia is doing in Ukraine is appalling,” Bailey said at a discussion in Washington hosted by the Peterson Institute for International Economics.“My …

Fed Chairman Jerome Powell on Thursday said the central bank is committed to raising rates “expeditiously” to bring down inflation. When asked about the topic of inflation at an IMF panel, Powell noted that the Fed is no longer counting on inflation coming back down, as these expectations of supply-side …

US President Joe Biden, in a speech about the latest US military aid package for Ukraine, said that the US is sending weapons “directly to the front lines of freedom”, reported Reuters on Thursday. Joe Biden took to the podium today to announce that the US will provide another $800m …

The White House sees more risks to US economic activity in the months ahead thanks to rising prices and Russia’s invasion of Ukraine, but still expects healthy GDP growth in 2022.A senior administration official said inflation, caused in part by Russia’s attack on Ukraine, and supply chain hiccups are additional …

Fed Chair Jerome Powell’s remarks on Thursday will be closely monitored and are being flagged as having the potential to reignite the buck’s recent bull run. ECB President Christine Lagarde and BoE Governor Andrew Bailey will both also be speaking, so central bank policy divergence will be an important FX …

WTI pressured on Wednesday while futures rose marginally. Political standoff in Libya has highlighted the fragility of oil supply. Crude oil is down in late North American trade by some 1.28% and has fallen from a high of $103.92 to a low of $99.93 into the close. It posted a …

Stocks edged mostly higher in afternoon trading on Wall Street Wednesday but were held back by streaming entertainment giant Netflix, which lost more than a third of its value after reporting its first subscriber loss in more than a decade and predicting more grim times ahead.US stock indexes posted a …

Tesla has just reported Q1 results, 2022, and beaten analysts’ expectations on top and bottom lines. For the period ending March 31, 2022 Tesla reported $3.22 earnings per share, and revenue of $18.76 billion.Automotive revenue reached $16.86 billion, up 87% from the same period last year. Automotive gross margins jumped …