Natural gas prices held in a narrow range Wednesday, flipping between modest gains and losses as traders balanced global supply worries amid the war in Ukraine against the prospect of fading domestic demand.The April Nymex gas futures contract ultimately shed a tenth of a cent day/day and closed at $4.526/MMBtu. …

Russian President Vladimir Putin said to ministers that Russia is at the moment adhering to its obligations on energy exports, noting that it is surprising that “we are doing this”. Regarding the US ban on Russian oil imports, Putin noted that inflation in the US is surging and the West …

The European Central Bank at today’s meeting moved mostly in line with market expectations.Analysts at Danske Bank point out the ECB delivered according to their expectations by announcing an end date to the APP, formally ending the PEPP, removing the ‘or lower’ from the forward rate guidance, and extending the …

Data released on Thursday showed inflation in the US reached in February the highest level since 1982. Although the magnitude and drivers were largely as expected, inflation continues to rage at a pace deeply unsettling for consumers and policymakers alike, explained analysts at Wells Fargo. Key Quotes: “For the first …

US equity indices have pulled back on Thursday as Wednesday’s exuberance is pared following limited progress in Russia/Ukraine talks.The S&P 500 fell 0.7% with traders also focused on another rise in the YoY rate of US CPI.US equity indices have broadly reversed lower on Thursday in tandem with their global …

Gold Price is looking for direction at around $2,000 amid multiple first-tier events.The ECB has announced hawkish measures, and has expressed concerns about the ongoing Eastern Europe conflict.Skyrocketing US inflation reached yet another multi-decade high in February.The Gold Index is little changed post-Wall Street’s opening, hovering just above the $2,000 …

President Biden ordered federal agencies to study implications of government-backed digital currency The Federal Reserve is trying to figure out how to keep cash relevant in a cashless world. It is considering digitizing the US dollar, giving people money they can access on their phone and bypassing electronic payments that …

The American Dollar and commodity prices were sharply down on Wednesday amid hopes for a solution to the Ukraine-Russia crisis. Economic DataUS oil stockpiles fell across the board last week, the Energy Information Administration said on Wednesday. Crude inventories fell by 1.9 million barrels in the week to March 4 …

Bitcoin price posted 10% gains over the past day amidst short liquidations across exchanges. Short positions in Bitcoin were among the most liquidated, followed by Ethereum, within the past 24 hours. Analysts argue that the Bitcoin price has bounced from the bottom of ascending range bound activity, presenting a bullish …

The DXY is oscillating around 98.00 ahead of US inflation and Initial Jobless Claims. The risk-on impulse has brought a sell-off in the dollar index. Investors brace an aggressive tightening policy by the Fed.The US dollar index (DXY) is hovering around 98.00 as investors await the US Consumer Price Index …