Current Price: Trading at USD 2.37 per million BTUs, down 1.37%.
Previous Low: Also traded at USD 2.37 earlier.
Support Level: USD 2.210
Resistance Level: USD 2.442
EUROPEAN ECONOMIC UNCERTAINTY FROM TARIFF THREATS AND ECB POLICY Trump threatens 200% tariff on European wines, urges EU to remove 50% tariff on spirits. Tariffs hurt European luxury goods, with Pernod Ricard’s stock down. Automotive sector falls 1.7% due to supply chain issues. Germany’s EUR 500 billion
GOLD (XAU/USD) NEARS ALL-TIME HIGHS AMID ECONOMIC AND GEOPOLITICAL UNCERTAINTY Gold rises to $2,950 per ounce, approaching all-time highs. Softer U.S. CPI data eases inflation concerns, boosting market sentiment. Outflow from U.S. bonds and rising equity markets support gold. Gold remains a hedge against inflation and
THE FED NOT GETTING INFLATION DATA NEEDED FOR RATE CUT CONSIDERATION The Fed is unlikely to cut rates next week due to current inflation data. Economists and the public see the tariff situation as erratic. Most Americans expect higher prices, raising inflation concerns. These factors hinder the Fed from justifying
USD WEAKENS AS MARKETS EXPECT RATE CUTS US Dollar pressured by lower-than-expected February CPI (2.8% YoY, Core CPI 3.1%). Markets expect 125-basis-point Fed rate cut this year. Weak PPI data, US trade tensions impact dollar sentiment. Long dollar positions halved to $16 billion since January. ECB hints at