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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATURAL GAS
Volatility in European TTF gas prices has not been helped by low liquidity with front month expiry today.
- Open interest has been near 1.1m since May down from nearly 2m for much of 2021.
- Front month traded volume so far today is only 5k and was just 15k yesterday compared to about 35k for most of August.
- The extreme price rally was driven by supply fears due to the upcoming Nord Stream outage. The correction has been triggered by EU aims to take urgent steps over the coming days and weeks to bring down soaring energy prices.
- TTF SEP 22 down -7% at 253.5€/MWh
- TTF WIN 22 down -10.6% at 262.39€/MWh
- TTF SUM 23 down -14% at 222€/MWh
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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