CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NATGAS: Funds Continue to Reduce Bullish TTF Positoning

NATGAS
Energy BulletsBulletPower BulletsCommodities

GAS POSITIONING - Investment fund net long positioning in ICE TTF futures continued to pull back in the week to Sept. 27 from the highs seen during August, according to the commitment of traders data.

  • The TTF market is weighing the impact on LNG supply risks from the escalating conflict in the Middle East against relatively stable near term fundamentals.  Markets remain wary of cold weather and / or unexpected supply disruptions during the upcoming winter heating season.
  • TTF futures aggregate open interest has dropped to the lowest since July to 1.907m following the expiry of the Oct 24 contract last week.
    • Investment Firm net position increased by 12.63m to -180.77m
    • Investment Funds net position fell by 10.58m to +181.79m
    • Commercial Undertaking net position fell by 31.66m to -29.83m

 

Keep reading...Show less
126 words

To read the full story

Close

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.

GAS POSITIONING - Investment fund net long positioning in ICE TTF futures continued to pull back in the week to Sept. 27 from the highs seen during August, according to the commitment of traders data.

  • The TTF market is weighing the impact on LNG supply risks from the escalating conflict in the Middle East against relatively stable near term fundamentals.  Markets remain wary of cold weather and / or unexpected supply disruptions during the upcoming winter heating season.
  • TTF futures aggregate open interest has dropped to the lowest since July to 1.907m following the expiry of the Oct 24 contract last week.
    • Investment Firm net position increased by 12.63m to -180.77m
    • Investment Funds net position fell by 10.58m to +181.79m
    • Commercial Undertaking net position fell by 31.66m to -29.83m

 

Keep reading...Show less