- Natural Gas Price recovers after posting the biggest daily loss in two weeks.
- Federal Reserve’s rate hike, readiness for September lift weigh on XNG/USD even as US Dollar remains depressed.
- Russian gas output drops 14.9% during January-June period.
- Risk catalysts, US GDP eyed for clear directions of the Natural Gas Price.
Natural Gas Price (XNG/USD) takes clues from Russia to pare the biggest daily loss in a fortnight around $2.70 during early Thursday morning in Asia. In doing so, the XNG/USD also reverses the Federal Reserve (Fed) inflicted losses as the US Dollar lacks upside momentum while market sentiment improves.
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